UK Loan Store UK personal and secured loan comparison site with regular updates of finance news and articles. Wed, 13 Feb 2008 17:34:36 +0800 Wed, 13 Feb 2008 17:34:27 +0800 FeedForAll Mac v2.1 (; Many borrowers will benefit from rate cut According to a recent report the majority of variable rate borrowers with the leading mortgage lenders will benefit in full from the latest 0.25% interest rate cut announced earlier this week by the Bank of England. 4759BF78-6177-4ACB-86E1-33B11A83CE6B-293-000013B88A9BB987-FFA Wed, 13 Feb 2008 17:34:33 +0800 Bank of England Cuts Base Rate to 5.25% The Bank of England has announced that the base rate is to be cut by 0.25% following this week's Monetary Policy Committee meeting. 24288970-8AD6-462D-A02B-0554DB48710C-293-000013B4BF0BF0EB-FFA Wed, 13 Feb 2008 17:34:19 +0800 Further controversy over HIPs erupts According to a recent report there is now further controversy over Home Information Packs, which are a legal requirement for any residential property that is being marketed for sale in England or Wales CABEE236-1128-4421-B650-02129BC68C7E-293-000013AFB6A4B3BF-FFA Wed, 13 Feb 2008 17:34:03 +0800 Record lows for new home loan approvals According to a recent report figures showing that new home loan approvals are at a record low are further evidence of the predicted slowdown in the housing market. 3724F52C-3AA0-469F-98AE-33F98E63C030-293-000013AAB8335095-FFA Wed, 13 Feb 2008 17:33:41 +0800 RICS states further interest rate cuts needed to avoid house price meltdown Officials from the Royal Institute of Chartered Surveyors have stated that the state of falling property prices in the UK could result in the same sort of house price crash seen in the 1990s 2BA315B6-3898-4537-9D25-AC7782EEF047-293-000013A313B4B056-FFA Wed, 13 Feb 2008 17:33:20 +0800 Lower fixed rate mortgages making a comeback According to a recent report a number of lenders are now starting to introduce lower rate fixed rate mortgages with interest rates of under or around 5%. Finding cheap fixed rate deals has been increasingly difficult since the summer of 2006, when interest rates began to rise. 4A55918D-56A7-4A41-AB23-DA781F9A7E7A-293-0000139D96DE6A2B-FFA Wed, 13 Feb 2008 17:32:47 +0800 Risk of recession still low According to a recent report the risk of a recession hitting the UK is still low, despite the expectation of a sharp downturn in the economy over the course of 2008. 57B48506-99B0-4363-BC17-4E6305BA9A5D-293-000013996502CA2F-FFA Wed, 13 Feb 2008 17:32:23 +0800 Debt Matters hit by massive losses over IVA performance In a recent report the firm Debt Matters has reported that 2007 was a very disappointing year, and that the comp0any sustained massive financial losses as a result of poor performance in the IVA sector. 7D27FC41-A1A3-4422-8F4A-ABDD38265A17-293-000013942ED57765-FFA Wed, 13 Feb 2008 17:31:58 +0800 Commercial lending cut by Nationwide The credit crunch that has taken a hold across the UK since the summer of last year has had damaging effects in many areas of the financial industry. B8CE9DB1-3259-4827-AFF6-26A18C70B05F-293-000011743A1A0812-FFA Wed, 13 Feb 2008 17:31:43 +0800