Loans

Moneyfacts, a financial information firm has come up with a startling fact that has indicated that the demand for unsecured personal loans has come significantly down in the past few months, which does not auger well for the economy.

Inflation hit the itch of highest level in 16 years. This has actually become the biggest concern of the financial system.

The economy of United Kingdom suffered another tremendous jolt when it found that two of the most recognised investment bank namely the Lehman Brothers and Merrill Lynch has been hit badly by liquidity crisis.

According to the spokesperson representing the council of Mortgage lenders, the interest rates will come down as soon as the phase of Inflation will pass.

Citizens of United Kingdom, who own a second home other then the residential one, are now planning to sell it as they expect that the property rates will go down more in near future.

With the values of equities continuing to go down and the profit margin on the investment in bonds on the lower side, more and more people are now resorting to capital intensive firms' funds.

The global credit crunch has made the loan availability scenario clumsier and the interest rate on personal loans is at its seven years top.

Financial Services Authority has heavily criticised the mortgage lenders, for the way they have handled the matters relating to arrears and repossessions.

A recent study has revealed that more number of british people are now going through a rough financial patch.

Unsecured debts has gone up in UK. People are preparing to apply for bankruptcy. Arrangements are also made for individual voluntary arrangement (IVA)