Finance and Credit Professional

Thousands of consumers are selling their property as they are unable to keep up with increasing mortgage costs, according to new figures.Research carried out by Moore Blatch suggests that for every home which was repossessed last year at least an equal proportion were sold as owners struggled to make secured loan repayments. The company also [...]

Home equity loans are taken where the borrower uses the home as collateral. These loans may be useful for home repair, medical bills or even for education. Most home equity loans require good to excellent credit history. These come in two forms, closed end and open end.Both of the above types are considered as second [...]

Consumers are discovering "life is getting tougher" when it comes to managing their finances, figures from Virgin Money have revealed.The announcement comes as the financial services firm reports that the surging cost of attending football matches is causing fewer fans to go to live games. According to the company, increasing expenses will see about one [...]

Homebuyers need to be conscious of the implications of valuation fees when looking to move property, an industry expert has reported. According to Julia Harris, mortgage analyst for Moneyfacts, consumers - which may include those who have taken out a home and Secured loan - should be wary of all the applicable charges behind the [...]

House prices continued to rise over the course of June, new figures have indicated.According to research conducted by Halifax, typical property values across Britain increased by 0.4 per cent during the month. With the average home now costing some 197,461 pounds, borrowers may well find their loans secured loans costs increasing. Over the second quarter [...]