Thrifty Loans

Broker could be facing uncertain future

Mortgage broker firm John Charcol could be facing an uncertain future according to its auditors, as its liabilities by far outweigh its total assets. John Charcol has enjoyed success over the year, and even now continues to insist that there are no problems, or at least not ones that would hinder its operations. However, according [...]

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FSA states 1.4 million could face rising mortgage costs

Over recent months there has been much concern about homeowners that are currently on cheap fixed rate mortgages that are due to come to an end over the coming year. Many homeowners took out fixed rate loans when interest rates were much lower a couple of years ago, but since then interest rates have rocketed with [...]

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Nationwide closes doors on new borrowers by raising rates

The Nationwide Building Society, which has recently topped consumer polls for everything from its credit cards to its customers service levels, has announced that it is looking to close the doors on new mortgage applicants by raising its mortgage interest rates, despite the fact that there have been two recent base rate cuts in the [...]

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Interest rate cut more likely due to tight lending conditions

Industry experts have stated that a further interest rate cut in April has been made much more likely as a result of the tight lending conditions in place in the UK at present. The Treasury Select Committee recently asked the governor of the Bank of England, Mervyn King, whether an April cut was more likely because [...]

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