Thrifty Loans

Concern over buy and rent back schemes

With the numbers of families facing repossession on the increase, there is concern about the growing ‘sell and rent back’ market. Businesses in this arena offer to buy properties from those struggling to meet their mortgage repayments and then lease them back to save them having to move out of their home. The worry is [...]

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Northern Rock raises rates on sub-prime lending

Troubled high street lender Northern Rock has put up rates on its fixed-rate loans, and consigned to the bin its trackers for borrowers with poor credit history. This move signifies a scaling down of sub-prime mortgage business for the company. Northern Rock has been the work performing bank stock in the UK this year, having [...]

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Sub-prime interest rates on the rise

The squeeze on credit is beginning to find its way through to UK consumers. Prospective home buyers with poor credit histories are finding that lenders have tightened their loan criteria after the collapse of the sub-prime market in the US. There is also bad news for those who already have a sub-prime mortgage in the [...]

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Commercial property market

The latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Forecast suggests that positive rental growth will help avoid a hard landing for the commercial property market. It is expected that commercial property will provide 8% as a return over 2007 as continued economic strength and rising capacity constraints encourage business expansion. In 2008 RICS [...]

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