RICS states further interest rate cuts needed to avoid house price meltdown [29.01.08]
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, and that in order to avoid this sort of meltdown further interest rate cuts are needed.
Lower fixed rate mortgages making a comeback [26.01.08]
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.
Risk of recession still low [23.01.08]
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.
Debt Matters hit by massive losses over IVA performance [19.01.07]
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.
Commercial lending cut by Nationwide [17.01.08]
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.
Church of England to offer debt advice [15.01.08]
The Church of England has launched a campaign that is aimed at helping those that are suffering debt problems, including those that are suffering post-Christmas financial woes
Another house price drop for December [02.01.08]
The Nationwide Building Society has reported a drop in house prices for December, which is further evidence of the downward spiral in house prices across the UK according to experts
Lenders have positive outlook for 2008 [02.01.08]
Despite the chaos that the credit crunch has already caused in the UK and other parts of the world the Intermediary Mortgage Lenders Association has stated that the result of a survey show that its members are remaining positive with regards to the outlook for the forthcoming year.