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Latest Loans
News from nationsfinance.co.uk
Latest Loans News from nationsfinance.co.uk
Thu, 01 May 2008 16:19:04 +0200
Building society lending down
The number of loans being handed out by building societies has fallen, according to the Building Societies Association (BSA).Adrian Coles, director-general of the BSA, said: "Lending at building societies was down year on year. This is partly due to building societies withdrawing products and increasing rates on new lending so........
Thu, 01 May 2008 14:19:04 +0000
IVA not always best solutions, says expert
An individual voluntary arrangement (IVA) is not always the best solution for people facing crippling debt, according to a financial expert.IVAs are seen as an alternative to bankruptcy, allowing people to settle their debts without damaging their credit rating to the same extent, however there are also drawbacks.With an IVA,........
Fri, 25 Apr 2008 14:19:23 +0000
Postgrads could be hit by credit crunch
Postgraduate students and those taking their second undergraduate degree may face financial problems due to the credit crunch as a number of lenders are withdrawing from the professional studies loan market, the National Union of Students (NUS) has warned.There is very little state funding for postgraduate students and some of........
Fri, 25 Apr 2008 14:18:02 +0000
British turning to overpriced "payday loans," says expert
British consumers are increasingly turning to "payday loan" providers, which offer loans at annual percentage rates (APRs) of up to 1,355. The loans, which are popular in the US, pay customers up to £750 into their bank account with an agreement to repay the loan at the end of the........
Wed, 23 Apr 2008 14:18:42 +0000
Debtors should not "hide the problems"
People facing serious financial difficulties should not try to "hide the problems" or assume that they can solve them themselves by using their credit cards even more, says an expert.A recent report has found that 400,000 people took out new solutions for unsecured debt in 2007, with over half (58........
Wed, 23 Apr 2008 14:18:22 +0000
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Latest Mortgage
News from
nationsfinance.co.uk
Latest Mortgage News from nationsfinance.co.uk
Fri, 16 May 2008 16:18:46 +0200
Mortgage perks are 'few and far between'
With banks tightening their lending criteria due to the current turmoil in the financial markets, borrowers should not expect to find many extra perks in their mortgage deals, according to Moneyfacts. Last week, Lloyds TSB launched the Air Miles mortgage which allows customers to earn 6,000 air miles upfront and an additional 50 Air Miles with each monthly repayment. The deal is available on a range of three-year fixed-rate products,......
Fri, 16 May 2008 14:18:46 +0000
Alliance & Leicester launches new bond
Alliance & Leicester International has announced the launch of a new one-year fixed-rate bond, which the firm claims will meet the needs of its customers.The bond will mature on May 31st 2009 and is open to both new and existing Alliance & Leicester customers.For those interested in taking out the bond, the company offers the choice of either an annual interest rate paid on maturity of 6.65 per cent gross......
Thu, 15 May 2008 14:19:07 +0000
HSBC: Rate matcher offer extended
HSBC has announced that all UK homeowners who are due to come off their fixed-rate mortgage deals before August 31st will now be able to apply for the bank's rate matcher mortgage offer.According to HSBC, the deal has been popular since it was introduced to new customers on April 14th.In a recent survey by fairinvestment.co.uk, 26 per cent of respondents said they would apply for HSBC's rate matcher.The offer is......
Thu, 15 May 2008 14:18:45 +0000
Nationwide cuts fixed-rate mortgages
Nationwide, the UK's third largest mortgage lender, has announced it is cutting interest rates on some of its fixed-rate mortgages by 0.3 per cent.The building society has said it will reduce rates on its two and five year fixed-rate deal as of Friday (May 16th)."Recent reductions in money market swap rates mean we are able to reduce the rates on our two year and five year fixed-rate mortgages," said Matthew......
Wed, 14 May 2008 14:18:02 +0000
Repossessions least likely for first-time buyers
The operations director of Firstrung has said that first-time buyers are the least likely group to have their homes repossessed under the current economic conditions.Paul Holmes said this group is unlikely to face the same difficulties repaying their mortgages as families who have recently upgraded to larger houses. First-time buyers have tended to take out mortgages that are "very manageable", with the average loan being £115,000 over the past two......
Tue, 13 May 2008 14:18:24 +0000
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