July 6th, 2008
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The Credit Crunch Hits The UK
The shortage of funds for home loans and mortgages is taking its vengeance on the UK housing market. Already lenders are pulling the ‘more favorable’ rates making it harder for people to get on the property ladder, and perhaps more importantly, making it tougher for those ‘trapped’ with existing mortgages.
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July 6th, 2008
U.K.’s Prudential Expands Into Vietnamese Consumer Finance Market
U.K. financial services group Prudential plc is expanding its presence in Vietnam with the launch of a consumer finance business.Prudential (LSE:PRU) said it launched Prudential Vietnam Finance Co. to provide individuals and businesses with personal loans, sales finance and home mortgages. Other products, including credit cards, will be offered a
How to cash in on the value of your home - Independent
How to cash in on the value of your homeIndependent, UK - Jul 4, 2008Peter Fisher of the Nursing Home Fees Association (www.nhfaequityrelease.co.uk), which has a specialist equity release advice arm, says that now house …
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July 5th, 2008
NAB ahead of pack in UK - Melbourne Herald Sun
Negative equity an ‘over-hyped danger’ - Scotsman
Negative equity an ‘over-hyped danger’Scotsman, United Kingdom - 6 hours agoThe strong growth in UK house prices in recent years me that even those who bought a home as recently as last year with an interest-only mortgage would not …
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UK recession: Britons borrowing more than ever
Consumer borrowing through credit cards, overdrafts and loans is rising at its fastest rate in five years, with the withdrawal of cheap mortgage deals forcing millions of home owners to take on personal debt to finance their everyday expenses.
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