Welcome to the news section of creditmarket.co.uk.
Throughout this area of the site we gather together news from across the internet to provide a valuable personal finance news resource to our visitors. Underneath our 'main menu' on the left are the various news categories, updated on a regular basis to provide insight into the developments in the UK personal finance industry.
Website re-launch caters for growing diversity and experience levels of UK traders
LONDON, UK, 03 November, 2009 – eToro (eToro.co.uk), the fastest growing online financial trading platform has re-launched its website as part of its on-going digital development strategy to cater for increased traffic and the growing diversity of UK traders.
The improved site delivers an array [...]
There is no disguising the fact that financial institutions are tightening purse strings and reducing the amount of credit available to consumers and businesses.
Credit card companies have started making changes to the way they do business which reflects the lack of available credit.
Many consumers have recently experienced credit card interest rate rises some by nearly [...]
The Coventry Building Society has launched a new mortgage offer which suggests they are, in a small way, more confident in the future of the economic situation.
They are offering a 90% mortgage for first time buyers provided either they or their parents or guardians have held a savings or current account with Coventry for the [...]
New mortgage offers are being released almost daily in the current climate.
The best way to keep on top of the best deals and offers that are emerging is to either keep a very close eye on things yourself, or let someone else do it for you.
Not everyone has time to keep searching and comparing mortgages [...]
In uncertain financial times people develop a keen desire to protect their long term interests.
Although interest rates are currently at an all time low and short term fixed rate mortgage offers below 3.5% are widely available, there is growing concern over the future highs to which interest rates could climb in the coming years, making [...]
New fixed rate mortgage offers with no lenders arrangement fee have been launched today by Alliance & Leicester.
This enhances their range of fee free mortgage solutions to include 3 and 4 year fixed rates.
A&L now have a 2 year fixed rate offer with no fee at 4.29%, a 3 year offer at 4.69% and a [...]
The income multiples used by mortgage lenders vary from one lender to another. Some are more ‘generous’ than others and will allow over five times the household income to calculate how much a customer can borrow.
All lenders will also take into account a variety of factors as well as just a basic income multiple calculation [...]
Banks and Building Societies are continuing to tighten the purse strings and reduce their exposure to risk.
By cherry picking only the most suitable customers who neatly fit their strict criteria mortgage lenders are trying to safeguard their future and improve their own creditworthiness.
Abbey are making it tougher for applicants by assessing their affordability on [...]
A £300BN rescue plan has been laid out to help save the UK financial sector and improve lending woes between banks.
The details as yet are slightly vague but in short the Government intends to insure banks against bad or toxic debt and provide cash in return for assets.
The ‘Credit Crunch’ has been caused by banks [...]
A few weeks ago, Northern Rock announced they were not going to be offering their existing mortgage customers a new mortgage when they’re current offer came to an end.
Instead, existing customers were offered products from the Lloyds TSB range.
This may well suit a number of people but there is every possibility not everyone with a [...]
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