Homeowner Loans - In the News

21 August 2008 - Different factors 'bring financial worries'

A number of different factors, including those about their children's education and saving for retirement, bring financial worries for parents, it has been claimed.

According to Anna Sofat, a director at Addidi Wealth, there are a number of different factors that bring concerns to ... More

8 August 2008 - Loan advice offered for consumers with poor credit

People who believe they are unable to get a personal loan due to self-awareness surrounding their poor personal credit rating may be making an incorrect assumption, a financial advice and news provider has stated.

MyFinances.co.uk... More

6 August 2008 - Home loan difficulties dealt with by banks

Responding to the Financial Services Authority's announcement of rises in repossessions, the British Bankers' Association (BBA) said that they were pleased by the FSA's statement.

The BBA believed that the authority had been careful in distinguishing mainstream lenders from specialists ... More

25 July 2008 - Secured loan 'still an option'

A financial website has reminded consumers that a secured consolidation loan is still a good choice for solving homeowner debt.

Thinkmoney.com said that the secured loans market had faced many difficulties recently due to the current economic climate but, despite this, there were many ... More

11 July 2008 - Secured loan market 'diminishing'

Many lenders are no longer finding secured loans a viable business option, according to new research by an independent financial information provider.

A survey by Moneyfacts.co.uk found that within the last year, eight lenders have withdrawn from the secured loan sector including Alliance... More

9 July 2008 - Barclays stops secured loans with FirstPlus

FirstPlus, part of Barclays, has decided to stop new lending as of August 9th.

Barclays cited "slowing demand" as the determining factor in its decision to close the subsidiary loans business fronted by Carol Vorderman, which was a market leader in secured ... More

22 April 2008 - Taking out loans compounds the problem of bad debt

Consumers who take out unsecured and secured loans when faced with debt are just 'compounding the problem', one financial expert has claimed.

Fool.co.uk said that if a homeowner is having difficulty making repayments on a mortgage, then they should speak to their provider rather than ... More

10 April 2008 - BoE cuts interest rates by 0.25%

The Bank of England (BoE) has announced an interest rate cut by 0.25 per cent to rest at five per cent.

The rate cut will be welcomed by borrowers but that it would not be enough to improve conditions for lenders, according to director-general of the Council of Mortgage Lenders, Micheal ... More

28 March 2008 - Rises in personal loan interest rates severe, expert claims

Interest rates on small unsecured personal loans have risen due to the effects of the market turmoil created by the credit crunch, one expert has claimed.

Jo Roberts, a director of Needanadviser.com, explained that lenders are increasing rates on personal loans as they are "running ... More

26 March 2008 - Retirees 'now owe four times more in loans than ten years ago'

Increasing numbers of consumers are reaching state retirement age owing up to four times as much as their counterparts from ten years ago, a new survey has found.

Findings from the research, by Help the Aged and Barclays, revealed that one in four of those approaching retirement age ... More

18 March 2008 - More consumers aware of the importance of a credit rating

Increasing numbers of consumers are becoming aware of the importance of their credit rating in today's economic climate, one financial expert has claimed.

According to moneysupermarket.com, the effects of the credit crunch mean that banks and building societies have tightened their ... More

13 March 2008 - Loan rates still on the increase

Interest rates for unsecured personal loans are still on the up, according to new research.

Findings from Moneyfacts.co.uk show that average rates for all loan amounts are now up to 4.6 per cent higher than they were in March 2007.

According to the firm, smaller loans have seen ... More

5 March 2008 - Secured and unsecured loan rates falling into line

The average rates for secured loans are falling in line with the rates on offer for unsecured personal loans, according to new research.

Findings from MoneyExpert show that the lowest rate available for a secured loan is currently 5.9 per cent.

This rate is 2.5 percentage ... More

4 March 2008 - A new generation of consumers to be created by tightening of lending

The reduction in the number of high-value loans available to consumers is to create a new generation of savers, one financial expert has claimed.

John Charcol said that many providers have reduced their maximum loan-to-value (LTV) from 100 per cent due to the adverse economic conditions... More

20 February 2008 - Demand for secured loans 'increasing'

Taking out a secured loan is becoming an increasingly popular way for UK consumers to generate finance, new research has indicated.

According to MoneyExpert.com, applications for secured methods of borrowing such as homeowner loans increased by 85 per cent between October 2007 and January... More

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