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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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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Turbulent markets may delay rate rise

While the world’s financial market are going through a turbulent period it is possible that it might mean some good news for the UK’s beleaguered home owners. The result may be a delay in the raising of the Bank of England’s base rate – though it may not prevent it completely. Soft manufacturing figures have [...]

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Fall in inflation raises hope of no further rate rises

Inflation has fallen much more sharply than expected in July. It has dipped to 1.9%, helped by weaker food prices. The Government uses the Consumer Price Index (CPI) as its main measure and this has fallen dramatically from June’s level of 2.4%. There is now some hope that another base rate rise will not be [...]

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