We are all aware of lenders tightening their grip on credit and this trend is being followed by the mortgage sector and the credit card market. Compared to last year there are only a hand full of companies that offer cut-price credit cards.According to research there are just over 20 cards that offer a 0% [...]
Amongst many banks in the UK it’s largest which is HSBC has reported a loss of £8.7bn after a decline in the US housing market affected the value of its loans. Despite this credit crisis which is expected to get worse before it gets better the bank did experience strong growth in Latin America, [...]
The “credit crunch” which you may all be aware of is next going to be hitting hard on students who do not repay their student loans when a new government policy is put into place. As the picture above indicates some students are paying of their loans for many years.The average graduate can leave university [...]
The “Open Market HomeBuy” is a revamped scheme which is going to be offered by the government next month .It will give first time buyers a better chance of affording their new house. The scheme which was introduced back in October 2006 may now allow home buyers to take out a mortgage for 50% of [...]