The Money Stop » Loans

Shapps wants more help for first time buyers

Reno — Fri, 28 Jan 2011 13:58:02 +0000

Since the onset of the global financial crisis banks have become increasingly cautious over their lending levels, and many people hoping to purchase a home have suffered as a result, particularly first time buyers who are being told they have to pay huge deposits to even stand a chance of getting a mortgage. Ministers are [...]

Shapps wants more help for first time buyers is a post from: The Money Stop

Interest rate increases will mean paying out more on debt

Reno — Tue, 18 Jan 2011 19:02:56 +0000

Industry officials have said that increases in interest rates over the next four years will result in families having to find more money every year to make increased payments on debt such as credit cards, loans, and other forms of finance that are based on variable rates. This could result in families having to find [...]

Interest rate increases will mean paying out more on debt is a post from: The Money Stop

Mortgage lending in UK to remain subdued

Reno — Sat, 20 Nov 2010 17:11:32 +0000

According to a mortgage industry group mortgage lending in the UK is likely to remain subdued and could go into decline as the year comes to an end. Lenders are said to have loosened up on their restrictions over mortgage lending over recent months following the financial chaos caused by the credit crisis and the [...]

Mortgage lending in UK to remain subdued is a post from: The Money Stop

Loan hikes have made millions for UK banks

Reno — Tue, 11 May 2010 15:19:01 +0000

According to a recent report banks in the UK have managed to make millions of pounds as a result of sneaky hikes on loans and other forms of borrowing. The claims have been made following an investigation by a finance group, which shows that since they started making huge losses during the credit crunch the [...]

Loan hikes have made millions for UK banks is a post from: The Money Stop

Economic recovery depends partly on continued lending

admin — Fri, 03 Jul 2009 08:41:27 +0000

The deputy governor of the Bank of England, Paul Tucker, has recently spoken out about the future of the UK’s economy, and has stated that in his opinion the future of the economy partly depends on continued credit being extended by lenders. Tucker said that it was vital that lenders keep extending credit to consumers [...]

Economic recovery depends partly on continued lending is a post from: The Money Stop

The pros and cons of the base rate cuts

admin — Tue, 21 Apr 2009 07:39:19 +0000

Between 2006 and early 2007 many people were horrified as a result of the base interest rate increases which saw the base rate rise from 4.5 percent to 5.75 percent. Borrowers and homeowners found that their financial commitments went up considerably, although the rate increases came as far better news for other groups such as [...]

The pros and cons of the base rate cuts is a post from: The Money Stop

Interest only mortgages being affected by price falls

admin — Fri, 09 Jan 2009 08:09:48 +0000

The house price falls that have been ongoing for over twelve months have had many adverse effects, and according to recent reports these price falls could result in real problems for those that have interest only mortgages. These are mortgages where the monthly repayments are all put towards the interest owed on the loan with [...]

Interest only mortgages being affected by price falls is a post from: The Money Stop

Banks could make billions from increasing profit margins

admin — Fri, 28 Nov 2008 14:50:25 +0000

According to a recent report many of the UK’s major banks could end up making billions of pounds in extra profits by increasing the margins on loans and mortgages. It is thought that the banks could end up making around £3.6 billion as a result of these increases, so although the Bank of England base [...]

Banks could make billions from increasing profit margins is a post from: The Money Stop

Improve your credit rating, advises expert

admin — Fri, 20 Jun 2008 13:19:15 +0000

Improve your credit rating, advises expert is a post from: The Money Stop

Payment Protection Insurance For Loans

admin — Sat, 07 Jun 2008 08:05:35 +0000

Every year many people in the UK take out a loan in some form or another, whether it is a secured loan that is secured against the home or whether it is a contract based unsecured loan. And for most of us the thought of not being able to meet repayments on the loan one [...]

Payment Protection Insurance For Loans is a post from: The Money Stop