April, 2008 news
Loan rates rise despite base rate cut
Consumers have been urged to shop around for the best deal when looking for personal loans, after new research revealed large increases in interest charged by lenders.... Read more »
Rising cost of living `dents homebuyer deposits`
The rising cost of living means that more first-time buyers are struggling to save money for their deposit than a year ago, a new report has uncovered.... Read more »
HSBC offer shows mortgage "market innovation"
HSBC`s recent offer to match the interest rate of any borrower coming off a fixed rate mortgage deal is "a good example of market innovation", according to a major trade body.... Read more »
Banks still have `appetite` to lend money
Many of the major banks and lenders across the UK still have "an appetite" to lend money to consumers, despite the ongoing effects of the credit crunch, an industry expert has claimed.... Read more »
First-time buyers `need full-scale correction in property market`
Recent proposals by the government to help first-time buyers get access to mortgages and climb on to the property ladder may not be enough to correct the housing market, according to an industry expert.... Read more »
Mortgage approvals `at lowest for 16 years`
The number of mortgages secured for house buying has reached its lowest level for 16 years, a new report has found.... Read more »
Banks `go against grain with loan rates`
Many of the major banks, building societies and lenders have increased interest rates charged on personal loans, despite the Bank of England actually reducing rates, a new study has revealed.... Read more »