Home loans | Debt consolidation | Secured loans | Homeowner loan

Homeowner loans and other types of equity release could be growing in popularity as more people become subject to inheritance tax, it has been claimed.
Inheritance tax is levied against estates worth more than £300,000 when the owner dies – but with house prices having risen, more UK Homeowners are breaking through this threshold.
Equity release plans [...]

Tags: home-loans, Homeowner Loans, Secured Loans

The amount of individuals being declared insolvent could increase as a long-term trend due to the credit crunch, it has been warned.
James Ketchell, spokesperson for financial charity the Consumer Credit Counselling Service, notes that it typically takes some time for debts to reach an untenable level.
This could mean there is still time for Britons facing [...]

Tags: consolidation-loans, credit-crunch, credit-insolvency, debt-consolidation-loans, debt-insolvency, insolvency

The Bank of England’s Monetary Policy Committee (MPC) has kept interest rates at 5.75% despite speculation the weakening housing market and turmoil in the credit markets would force it to ease the base rate. Many analysts now believe the cost of borrowing will be cut in either November or December 2007, though the MPC may [...]

Tags: bank_of_england, cost_of_borrowing, credit_markets, housing_market, indiana-loans, monetary_policy_committee, uk-interest-rates

Recent economic conditions have meant that the debt landscape is changing, according to one debt charity.
Credit Action, a provider of impartial debt advice, says that there has been a shift away from unsecured debts towards secured debts.
Unsecured debt usually takes the form of credit card borrowing and loans that are not charged against any of [...]

Tags: debt, debt-advice, debt-landscape, economic-conditions, indiana-loans, interest-rates, loan-credit, mortgage-payments, secured-lending, unsecured-debt, unsecured-debts

Debt in the UK has surpassed, for the first time, the total annual income for all UK’s residents. Total debt stands at £1,335 trillion whereas total income stands at £1,300 trillion per year. However, with the rising cost of property the total UK assets stand at over £6,000 trillion.
This works out at just over £22,000 [...]

Tags: annual-income, assets, credit-cards, debt, indiana-loans, loans, mortgages, total-debt, total-uk-debt, trillion, UK-debt

UK pensioners owe £57 billion on mortgages, credit cards and loans, a study from Scottish Widows claims. Research from the financial group found that almost a third of those over the age of 65 are £5,900 in debt on average. Ian Naismith, head of Scottish Widows pensions market development, said: “By the time they come [...]

Tags: indiana-loans, pensioners