Thrifty Loans

FSA hunts traders that started rumours about HBOS

According to a recent report the Financial Services Authority, the UK’s financial regulator, is set to weed out the unscrupulous traders accused of starting rumours in the stock markets about the parent company of one of the nation’s biggest mortgage lenders. The middle of last week, just before Good Friday, saw the stock markets thrown into [...]

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Various factors make house price crash unlikely

Alistair Darling, the Chancellor of the Exchequer, has stated that there are a number of factors that make the likelihood of a house price crash in the UK a slim one. He said that the UK was far less likely that the UN to suffer a house price crash due to factors such as low unemployment, [...]

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Nationwide Increases Deposits For Its Best Rates

People buying homes in London have been told by Nationwide – Britain’s building society – that they will need to pay a deposit of at least £75,000 to avoid higher mortgage costs. The building society has moved to increase deposits to get its best rates from 10% to 25%. As London house prices now average over [...]

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Banks Raise Mortgage Profit Margins

Banks have increased their profit margins on fixed-rate mortgages to their highest level of over ten years, as they try to rebuild their profits. This news comes at the same time as news of an increasing number of cancelled property deals and estate agents offering discounts on asking prices. Banks are taking an increasingly tough and stubborn [...]

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