Thrifty Loans

OECD Says Things Will Get Worse

The Organisation for Economic Cooperation and Development (OECD) has said that the recent turbulence in share prices were just a ‘precursor of a more protracted downturn’ in world stock markets. The FTSE 100 index has been down and up by over a hundred points on various days this week. There was also news that only two [...]

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Fears For US Credit Card Market

There are new fears for debt in the United States, with concern that $415bn of credit card debt there could be sucked into the void created by the credit crunch. Britain’s biggest bank, HSBC, has warned that it is seeing knock-on effects from US subprime mortgage business onto other consumer loans across the Atlantic. The banks [...]

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Nationwide Says House Prices Are Up Again

Just when we thought we knew where house prices were heading –downwards – more news comes through to counteract those feelings. According to the well respected Nationwide house price index, the average cost of a home went up by a shock 1.1% in October, with annual house price inflation going back up towards double figures. [...]

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Londons Back Garden Homes

New figures release by the Green Party reveal that over a thousand new homes are being constructed each year in Londons back gardens. Developers are allowed to build on land in peoples back gardens because it is deemed to be a brownfield site as it has been previously developed. However, opponents to the practice say that [...]

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