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Slump in lending levels fuelled by credit crunch

According to a recent report the global credit crunch that has swept across the financial markets in the UK has resulted in a slump in lending levels in the mortgage markets, with a 17% year on year...

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London estate agent closes its doors on sales

The poor activity in the housing market in terms of sales has affected many different industries, such as property removal industry, property lawyers, furniture retailers, and estate agents. Over...

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How are buy to let investors being affected by the global credit crunch and...

Both consumers and lenders have been adversely affected by the global credit crunch since it swept across the nation last summer. Lenders have found it increasingly difficult and expensive to secure...

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Financial crisis prompts more people to take debt advice

The effects of the global financial crisis are being reflected in the rising number of people seeking advice about their debts, according to officials from the Citizens Advice Bureau. The CAB claims...

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What will our Christmas spending be like this year?

Many consumers in the UK have had a very difficult financial year over the past twelve months for a number of reasons. Whilst interest rates have now dropped to 3% after some drastic cuts by the Bank...

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Situation with mortgages set to get tougher

In 2008 the UK went through a very turbulent financial period, and after ten years of relatively laid back and easy credit conditions many consumers felt the sharp shock of suddenly being unable to get...

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Property sales sink again in February, states RICS

Since the onset of the global credit crunch credit conditions and mortgage lending have become very restricted, and many people are finding it difficult to get a mortgage or other type of credit, which...

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Quantitative easing will prove successful

A number of economists have predicted that the governments plan to try quantitative easing in order to boost the economy will prove successful. The plan involves ploughing between £75 billion and £150...

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Consumers looking for mortgages over longer terms

According to official from a mortgage broker group more and more people in the UK are now looking to take mortgage loans out over longer terms. The officials claim that over half of the people that...

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Fall in lending to businesses according to central bank

The Bank of England has recently reported that the level of lending to businesses in the UK has been falling. The figures were released in the central bank’s recently released Trends in Lending report,...

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