Loans - Finance Locator

Managing your finances during the credit crunch

Thu, 22 May 2008 11:10:00 +0100

This time last year we were experiencing and enjoying the joys of 'easy credit'. For some people this was a good thing and for others very bad. It certainly led many consumers into a false sense of security and made living a luxury lifestyle on credit all the more appealing.

Personal Tax Allowance increase due

Tue, 13 May 2008 17:03:00 +0100

The UK's current Chancellor, Alistair Darling has revealed to the nation that the Personal Tax Allowance (PTA) for everyone is to be raised this year.

Interest Rates Kept at 5% mark

Fri, 09 May 2008 11:16:00 +0100

The Bank of England had its monthly meeting yesterday and announced at midday that after evaluating the current financial economy, they were going to keep the base interest rate at 5%.

Money News

Fri, 02 May 2008 14:15:00 +0100

The UK saw a small increase in the number of individuals declaring insolvencies according to The Insolvency Service. The Insolvency Service administer and investigate insolvencies along with offering information to the public with regards to it.

Credit Card Fraud worse than expected

Wed, 23 Apr 2008 10:18:00 +0100

Data detailing the amount of credit card losses through fraud in 2007 amounted to over £290 million. However after an investigation performed by the BBC there are now worries that this figure was drastically underestimated by as much as £500 million.

Credit Card costs rise

Fri, 18 Apr 2008 15:59:00 +0100

Whilst it seemed like a good idea 2 years ago for The Office of Fair Trading (OFT) to get banks to cap their credit card charges at £12, it has now emerged that customers who have them and use credit cards are actually paying more overall anyway.

Interest Rates Reduced to 5%

Thu, 10 Apr 2008 13:08:00 +0100

The Bank of England have voted to drop the UK's base interest rate to 5%, dropping it by a quarter of a percent. One reason for this was because inflation had risen to 2.5%. This is the 3rd time it has been cut since December 2007.

Mortgages more difficult to get

Fri, 04 Apr 2008 12:30:00 +0100

It is becoming increasingly more difficult for homeowners and potential homeowners to even find a place offering mortgages to new customers, let alone being given a mortgage to buy a property with or remortgage your existing house.

Spring Clean Your Finances

Fri, 28 Mar 2008 12:57:00 +0000

It's always worth having a bit of a spring clean of your finances every few months and coming up to April (the 4th month since our New Year clear out), we thought it high time to make sure you aren't overspending in any area of your life.

Debt Charities warn borrowers on bad loans

Wed, 26 Mar 2008 14:03:00 +0000

Several debt charities, such as Debt on Our Doorstep, are warning about an increase in bad loan deals for people who are struggling with their finances.

Mortgage Pressures for First Time Buyers

Thu, 20 Mar 2008 16:52:00 +0000

The property bubble of the past few years is predicted to be ready to pop over the coming months, as Banks are finding it more and more difficult to find lenders willing to loan to them.

The Budget at a Glance

Thu, 13 Mar 2008 11:37:00 +0000

Alistair Darling, revealed the Budget for April 2008 yesterday. It can be quite an ordeal, working through the whole of the budget and what it actually means for us in our everyday life, so here is a rundown of the budget, at a glance.

Home Improvement Loans

Thu, 06 Mar 2008 16:20:00 +0000

Moving house can be an incredibly stressful and expensive time, and it seems that more and more people are opting to improve their homes instead of upping sticks and moving to a different house.

Joint Loans

Tue, 26 Feb 2008 17:18:00 +0000

If you are in a relationship or married, you are eligible to apply for a joint loan together. Joint loans are one way to raise finance for any purpose you require. You can apply for a loan on your own, however you are more likely to be eligible to borrow a larger amount of money if it is a joint application. This is because the lender will determine how much money to offer you according to your income. If the income is a joint one, it'll be larger than a single salary.

Joint Mortgages

Tue, 26 Feb 2008 13:21:00 +0000

With property prices on the increase, it can be difficult for some people to make that initial move and buy their first property. It's not such a problem for married couples or those who are co-habiting as they can apply for a joint mortgage. By combining both the applicants incomes, you will generally be given a bigger mortgage than if you were buying singly. A joint mortgage also means it could be easier to save up an initial deposit, if there are two of you doing it as a joint venture.

Why do people transfer their mortgage?

Fri, 15 Feb 2008 12:11:00 +0000

A mortgage is a major financial burden, but hopefully a great investment too, as property usually increases in value over the years. Because most people repay their mortgage back over a long period (the average repayment term is 25 years), it is definitely good practice to keep reassessing and checking on the suitability of your mortgage as the property market alters, just as your personal circumstances will over this extended period of time.

How Much Can I Borrow With A Loan?

Mon, 11 Feb 2008 15:53:00 +0000

There are many variables that will determine how much you will be able to borrow. Every loan will be different because of these variables which include your present personal circumstances, the lenders criteria and how much you wish to borrow.

Credit Scores

Tue, 05 Feb 2008 17:11:00 +0000

Everytime you enter into some kind of contract with a company, you will leave a footprint on your credit record. This can include anything from applying for or getting a loan or mortgage, setting up a contract with a mobile phone company or arranging some kind of insurance.

Bigger Loans Could Work Out Cheaper

Mon, 28 Jan 2008 16:29:00 +0000

It is common practice for loans companies and other money lenders to have a tier system in place which sets the rate for which they charge interest on any loans taken out with them.

What does it mean? Strange as it sounds, it means that by borrowing more, you may be better off and end up paying less interest. This means paying less overall on the total amount of the loan.

New Year Resolutions: Start Saving

Fri, 18 Jan 2008 11:50:00 +0000

The New Year seems to be a good time to sit down and think about your finances. It always seems much clearer at the beginning of a fresh year, before life generally carries you away. Making sure you review your current situation, make changes where they are needed and taking time out to think to the future are very necessary things we have to do, but so many people try and avoid them, worried about what they will find out.