Thrifty Loans

Stock market turbulence to affect London housing market

The recent turbulence on the stock market will reach out and affect markets in different ways. It is likely that City personnel will see their annual bonuses cut by as much as 20% this year as a result of the falls in the financial markets. It will mean an end to seven-figure handouts after four [...]

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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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Firms unhappy with banks attitude to IVAs

There has been an increase in the number of bankruptcies in the UK. According to figures from the Ministry of Justice the total number of bankruptcy petitions was up to a new twelve-monthly record of 54,536 in the year to June. However, high street lenders have now been accused of preventing thousands of families in [...]

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Call for banks to assist poor with low interest

The Government has been called upon to find a way of offering low interest loans for the poorest members of UK society. Kate Green is the chief executive of Child Poverty Action Group, and David Blunkett is the former work and pensions secretary. Together they urged Government ministers to work with banks and financial institutions [...]

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