Loan News For January 2007
- Are interest rate hikes starting to put consumers off?
Over recent weeks, with two interest rate hikes being enforced by the Bank of England between August and November 2006, many experts have been predicting that the rise in interest rates is unlikely to have a dampening effect on the mortgage market, particularly taking into account the healthy approval figures for November 2006. [31.01.07]
- High mortgage loans add to debt problem in the UK
The levels of consumers debt within the UK has been at the centre of concern for some time, with more and more individuals and households having to seek debt assistance ranging from debt management to IVAs and even bankruptcy. [30.01.07]
- Loans being written off for irresponsible lending
With consumer debt at record levels in the UK there are now more and more people turning to specialist agencies and authorities in order to get help for their debt problems. [25.01.07]
- First timers keep on borrowing despite extortionate property prices
With house prices soaring over the last year in the UK, homeowners are gleefully sitting on tidy nest eggs in the form of rising equity levels in their properties, giving them the change to make a tidy profit if they decide to sell up and downgrade or rent for a while. [24.01.07]
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UK consumers set to settle tax bills with personal loans
According to data released by Sainsbury’s Bank, a number of consumers in the UK will be looking at taking out a personal loan in order to settle extortionate tax bills that are higher than were originally expected. [18.01.07]
- Rise in UK loan enquiries says loan company
A loan and mortgage company has stated that there has been a significant rise in the number of loan related enquiries that it has received in December, adding that this could in part be due to the high level of consumer debt in the UK coupled with consumers’ determination to get a grip on their finances as part of their new year’s resolutions. [17.01.07]
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