Home Information Packs have been shrouded in controversy since they were first introduced last year, with both supporters of the packs and those opposed to them arguing their side. Those supporting HIPs have stated that these packs contain all of the information necessary to make the sale and purchase of a property smooth, quick, and […]

According to a recent report there have been house price falls in all regions of England and Wales, and officials from the Royal Institute of Chartered Surveyors have stated that in some areas house prices have been falling at their fastest pace since records began in 1978. Amongst the areas suffering the worst declines on […]

Many struggling borrowers in the UK have entered into an IVA over recent years, with awareness about this process having been raised through a series of advertisements put out by IVA firms. An IVA, or Individual Voluntary Arrangement, is a legally binding agreement that is known as a softer alternative to bankruptcy. This process is […]

Despite the two most recent Bank of England interest rate cuts the interest charged on personal loans in the UK is continuing to rise, leaving many potential borrowers facing huge costs relating to their borrowing, The rates on personal loans have been rising for some time, and as a result of the credit crunch many […]

A financial industry expert, who also worked as an advisor to the government, has predicted that house prices in the UK could plummet by 20% over the next couple of years, providing a gloomy outlook for homeowners. The average property price could plummet from £200,000 to just £160,000 if the predictions of Professor David Miles […]

Most first time buyers in the UK have very little to put down by way of deposit on a mortgage, and this is because they have no previous property from which to use equity towards a deposit. In the past this has not proven too much of a problem, as many first time buyers have […]

An injection of cash from the Bank of England has recently increased liquidity for the banking industry, which means that banks and lenders may be able to continue with their loan and mortgage lending without struggling, at least for the short term. Since the global credit crunch came into effect many lenders have found that […]

An unsecured loan is a loan that is based on trust and contract, and unlike a secured loan this type of loan is not secured against any asset. In order to be eligible for an unsecured loan you will usually need to have a good credit rating, as the non-secured nature of the loan makes […]

Since he came into office as Chancellor of the Exchequer, Alistair Darling has spoken very highly of long term fixed rate mortgages, and has made it quite clear that he believes that this is the way forward for the UK in order to try and bring stability to the housing and mortgage market, and increase […]

Whilst general mortgage figures and statistics have made for gloomy reading over recent months, it seems that the same level of gloom and despair has not hit the buy to let mortgage market according to recent data. In fact, recently released figures show that the level of outstanding buy to let mortgages has rocketed since […]