January, 2008 news

Bridging loans `useful in certain circumstances`

Consumers in the home buying process should not take out a bridging loan unless such a move is "absolutely unavoidable", an industry expert has claimed.... Read more »

Recession `very likely` during 2008

A recession is "very likely" to happen during 2008, which may affect British consumers with personal loans, an industry expert has claimed.... Read more »

Slowdown fears `halt loan approvals`

Fears of a slowdown in the property market have been heightened after new figures showed a drop in the amount of mortgage approvals.... Read more »

Loans `could help storm damage repairs`

One in ten UK homeowners may need to take out a personal loan to cover the cost of damage during the recent storms, new research shows.... Read more »

Switching mortgage lenders `could save a fiver a day`

The average UK homeowner would save over £38,000 if they went for the best and cheapest mortgage deal on the marketplace, new research has revealed. ... Read more »

Brits `spend billions abroad`

Many Britons may require loans to cover the cost of their overseas holiday, as findings have shown that UK consumers spend an annual £34 billion on travelling abroad.... Read more »

Green mortgages `flourishing in uncertain times`

With fixed-rate mortgages losing their appeal as interest rates fall, an increasing number of homeowners are switching to green mortgages, according to an industry expert.... Read more »

Home improvement project cost `often underestimated`

British homeowners often underestimate the cost of any makeover projects that are planned, causing many to spend more than they would like to, new research has revealed.... Read more »

Credit reliance `to grow in 2008`

Many more UK consumers will be reliant on credit during 2008 than they were last year, new research has revealed.... Read more »

Homeowners `attracted to drawdown lifetime mortgages`

An increasing number of homeowners are seeing the appeal of drawdown lifetime mortgages, an industry expert has claimed.... Read more »

Secured and unsecured lending `down in final quarter`

The Bank of England has revealed that the supply of secured loans and unsecured loans fell in the fourth quarter of 2007.... Read more »

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