Loans

Central government of UK has agreed to supply some 50 billion pounds into the banking sector in order to revive it, as soon as possible.

As per the findings put forward by the financial advice website, Moneyfacts, UK homeowners are now required to put in larger amounts of deposits when buying a new home.

Reeling under the pressure of a suffering credit market, UK citizens are going for technological solutions to their financial woes.

In a bid to reestablish confidence of people into banking sector, government of UK has now decided to guarantee the sum of £50,000 of any customer's bank savings from the very next week.

In a bid to recover from the impact left down by the economic crisis, banks across the United Kingdom are now making rules and regulations more strict for lending any loans.

Troubles on UK economy frontier refuse to die natural death as the recent figures produced by government revealed that month of August has probably seen worst possible slump in prices of properties.

Auction houses have hinted that the prices of housing properties might still go down in near future, as it has warned the lenders to adopt a more flexible and naturalistic attitude.

The Bank of England is all set to supply an additional dose of capital worth £55 billion into the market yet again.

After a low month of August, the following month of September has shown some encouraging signs of recovery from the financial setback, thanks to the confidence shown by the customers.

The demand prices for residential properties in England and Wales has gone down significantly. This slump was exemplified by the margin of 3.3 percent from the records collected last year, a survey revealed on Monday.