February, 2008 news

Tighter lending `forcing borrowers to more expensive options`

As the availability of personal loans tightens, borrowers are becoming forced to look at higher cost alternatives, according to an industry expert.... Read more »

Interest rates `may go as low as 4%`

The gradual reduction of interest rates by the Bank of England may not stop until they reach as low as four per cent, an industry expert has claimed.... Read more »

Housebuyers fume as Nationwide hikes mortgage deposit rate

One of the UK`s largest mortgage lenders has told potential housebuyers in London to pay a deposit of at least £75,000 or face higher mortgage costs.... Read more »

Rock customers "don`t need to worry"

Mortgage holders and savers with Northern Rock should not "worry" about their dealings with the bank despite the recent nationalisation of the troubled institution, an expert has suggested.... Read more »

`Mass exodus` underway in 100 per cent mortgage market

Mortgage lenders are continuing to withdraw 125 per cent loan-to-value (LTV) mortgage offerings, with 100 per cent deals also becoming increasingly elusive.... Read more »

Stormy weather `adds to debt problems`

High winds damaged the roofs of almost 1.5 million homes across the UK during 2007, new research has revealed.... Read more »

Long-term fixed-rate mortgages `could be popular`

The introduction of long-term fixed-rate mortgages could prove to be popular as long as they are not "cost-prohibitive", an industry expert has claimed.... Read more »

Over 2m Brits `break up due to debt problems`

Around 2.2 million Brits have ended relationships with loved ones over money issues about loans and debt problems, new research has revealed.... Read more »

Interest rate cut welcomed by experts

The Bank of England has cut the base rate of interest by 0.25 per cent to 5.25 per cent amid fears for the UK economy.... Read more »

New year loans `hide debt problems`

A record number of people took out personal loans in January to cover an expensive festive season, new figures have revealed.... Read more »

Professional mortgages `should escape credit crunch chaos`

Consumers seeking professional mortgages may have escaped the widespread fall out from the credit crunch, an industry expert has suggested.... Read more »

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