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Loans UK news (page 11):

Dont-stash-cash-at-home-warns-esureDon't stash cash at home, warns esure
11th October 2008
People have been warned against withdrawing money from banks during the credit crunch and stashing their cash at home.

This is because many will not be covered by their home insurance should anything happen, esure says.

Some policies will only cover what is considered to be 'loose ...
975 views | 0 comments


UK-loans-rates-still-increasingUK loans rates 'still increasing'
11th October 2008
Those looking to get a loan in the UK may find that they are still paying more as rates are continuing to rise.

There are now only seven providers in the UK offering loans with a rate of less that eight per cent, Moneyfacts says.

People wanting to borrow smaller amounts are seeing ...
912 views | 0 comments


Bank-of-England-cuts-base-ratesBank of England cuts base rates
10th October 2008
The Bank of England announced that it is cutting the official bank rate paid on commercial reserves yesterday.

Ahead of schedule, the monetary policy committee made a cut of 0.5 per cent, taking the rate in the UK from five to 4.5 per cent.

However, it also warned that inflation wa...
1086 views | 0 comments


Survey-reveals-who-Brits-blame-for-credit-crunchSurvey reveals who Brits blame for credit crunch
9th October 2008
A new survey has revealed who Britons think is most to blame for the credit crunch and global financial crisis.

Research by Munro Global found that 21 per cent of the public thought that world governments were to blame while 37 per cent blamed the economic downturn on the global finance ser...
841 views | 0 comments


Britons-urged-to-make-adequate-pension-plansBritons urged to make adequate pension plans
9th October 2008
Consumers in Briton have been advised to make sufficient pension provisions in order to enjoy a comfortable retirement.

Killik & Co argued the value of the state pension has been eroded in recent decades, while Britain is also seeing the end of generous final salary pension schemes from...
936 views | 0 comments


August-sees-further-drop-in-mortgage-lendingAugust sees 'further drop in mortgage lending'
30th September 2008
The UK has seen the number of mortgages approved for new house purchases fall to a new low, the Bank of England says.

In August official figures reveal that the number of approved mortgages was 32,000, 70 per cent fewer than the same time last year.

Although August is traditionally...
1627 views | 0 comments


LifeSearch-What-to-look-for-from-life-insurance-brokersLifeSearch: What to look for from life insurance brokers
27th September 2008
A company has recommended ways in which people can ensure they are getting quality cover from their life insurance broker.

LifeSearch suggests that customers should ask how the broker will help them or their family members to process a claim if one is made and if they would fight on their b...
1594 views | 0 comments


Credit-crunch-is-not-likely-to-be-over-soonCredit crunch is 'not likely to be over soon'
25th September 2008
Food and fuel costs are eventually likely to fall as people can no longer afford to buy them, an economist at Defaqto has predicted.

According to Michael Baxter this means that although the UK's economy will recover this is not likely to happen until 2010.

Mr Baxter said that as pr...
1496 views | 0 comments


First-time-buyers-struggle-to-save-for-homesFirst-time buyers 'struggle to save for homes'
24th September 2008
First-time buyers are finding it difficult to get on to the property market as the average person thinks they need £19,100 saved to buy a home, research has revealed.

A survey by The Co-operative Bank and Places for People shows that of 1,500 people asked, most said it would take them ...
822 views | 0 comments


Rising-prices-could-mean-negative-inflationRising prices 'could mean negative inflation'
23rd September 2008
The prices of mortgage fees are contributing to an economic situation which could see the UK go into negative inflation next year, Defaqto says.

According to the Confederation of British Industry, inflation rates are set to peak at 4.8 per cent this quarter. However, it is predicted that th...
1039 views | 0 comments


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