Finance News

Pressure On BoE To Lower Rates

Despite reports of a strong UK economy, the Bank of England is feeling the pressure to lower interest rates quickly. The recent credit crunch has worsened the economy say experts... Read More

Northern Rock's Impact On The Economy

Economists say Northern Rock is not entirely to blame for their financial predicament. Finger pointing has also been aimed at the Bank of England... Read More

London Hit By House Price Drop

London house prices drop for first time in 2 years according to online property sites despite claims of positive growth. Higher interest rates have negative impact on buyers... Read More

House Building Targets May Be Insufficient

Despite the Government's plans to build 3 million new homes in just over a decade the UK is already heading toward a housing shortage... Read More

Chancellor Darling Demands Resolve of Northern Rock Crisis

Pressure on Northern Rock to produce a solution to the bank's critical situation was renewed this week. Northern Rock already borrowing over £20 billion the FSA is now criticized for not acting sooner... Read More

Bleak Outlook For First Time Buyers

The Building Societies Association states that mortgage approvals have dropped 10% since last September. Higher rate and the current credit crisis are making it harder to get on the property ladder... Read More

Will There Be A Housing Crash in the UK?

According to the IMF the UK housing market is set for a crash whereas the RICS feels the market will correct itself whilst economists feel the next year or two could become a buyer's market... Read More

Easy Credit Ending In The UK

UK banks and credit providers are adopting stricter lending criteria making available credit more difficult than in the recent past... Read More

Britain's Debt Mountain Still Growing

UK personal debt almost double compared to the rest of Europe. Even though credit card spending dropped early 2007, consumer debt continues to grow... Read More

Banks Scrapping Mortgage Products

One year ago there were mortgage products to suit almost any borrowers needs from bad credit mortgages to equity release. Today, almost half have been pulled by banks and lenders... Read More