Finance News

Many Britons Hit Struggling With Interest Rates

Recent figures report millions of Britons are struggling with high interest debts. Some lenders have increased their interest rates despite the recent BoE base rate drop. Now is the time to consolidate... Read More

Demand For Non-Conforming Mortgages Growing

By 2012 it is expected that as many as 20 million mortgage borrowers could qualify as non-standard. However, non-conforming lending in today's climate is becoming more scarce... Read More

House Prices Drop £22K In Three Months

House prices in prime London have fallen for a third consecutive month. What has been a seller's market over the past year appears to be shaping into a buyer's market very quickly... Read More

CML Is Cautious Over Cross-Border Mortgage Borrowing

The European Commission white paper on integrating cross-border mortgages was welcomed by the Council of Mortgage Lenders however, it will be a long time before this becomes the norm... Read More

CML Disappointed With Citizens Advice Report

Report by debt agency is 'skewed' according to the Council of Mortgage Lenders. Whilst 30,000 repossessions could happen this year, it is considered a 'low number' compared to almost 12 million mortgaged homes... Read More

Britons Still Struggle From 2006 Christmas Hangover

Recent surveys suggest over 4 million people are still repaying Christmas debts from a year ago. Advice is to cancel some credit cards and pay off debts quickly... Read More

CBI Offers Suggest A Soft Landing

Despite lowering house prices and tightened lending criteria, the UK economy according to Gordon Brown is 'strong'. Expect a continued slowdown this year but the credit impact should manageable... Read More

Bank Of England Fighting Back

The Bank of England is making an attempt to boost the mortgage market. Although some say "too little too late" the bold move to increase money movements implies lower rates this year... Read More

Slower Housing Market Means Lower Interest Rates

For the first time in 2 years the Bank of England lowered the base rate in December. Experts anticipate further cuts to as low as 5% but this may not happen in the first quarter of 2008... Read More

Slow Down In IVA Sector Hitting Profits Hard

Individual Voluntary Arrangement firms are suffering from profit loss due to a drop in IVA borrowing. Despite this, IVA companies believe their services will continue as an alternative to filing bankruptcy... Read More