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It can be a bit of a headache searching for the right mortgage especially with over 8500 mortgages on the market and we realise it’s a tricky business, so lto guide you through the mortgage maze and let the experts do the shopping around for you, click on one of the links below to access the help you need. we believe it's only fair that you can compare products from the whole of the marketplace. After all, it's the only way to be sure you're not missing that perfect deal. That's why we insist on being independent, which means we're never biased towards any particular company. We provide details on every product from all of the major providers in the market. We partner with Defaqto, the people who deliver product data to the FSA, to ensure that our tables are accurate and complete. You can find out more about Defaqto at Editor's Choice
Your home may be repossessed if you do not keep up repayments on your mortgage.
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Mortgage
Comparisons Borrowing in the form of personal loans, current account overdrafts and credit card spending stands at more than £1,345 billion, according to a report by consultancy firm Grant Thornton. However, around 85 per cent of that amount is secured against some form of property, which Stephen Gifford, Grant Thornton's chief economist, says we should be thankful for. He remarked that it is fortunate that most consumer debt "is secured and can be repaid over several years, otherwise we would be technically bankrupt". "Britain's huge level of consumer debt is symptomatic of the country's well-established buy-now-pay-later culture - we can no longer generate enough GDP to cover the amount we owe," he added. Meanwhile, debt advisory service Debt Free Direct has warned that lenders are beginning to take a tougher attitude towards Individual Voluntary Agreements (IVAs) as they seek to regain as much of their lending as possible. © Adfero Ltd Lenders are becoming tougher in their attitudes towards Individual
Voluntary Agreements (IVAs), an industry operator has revealed. Small businesses are increasingly being funded by loans and business
credit cards, according to a leading high street bank. Lloyd's TSB says that structured loans and fixed-rate loans have emerged as the most popular methods for most start-ups and small to medium enterprises. The bank has found that most small business lending is undertaken by the commercial sector with little government involvement. Smaller businesses benefit from a wider range of borrowing options than large businesses and corporations, according to Stephen Pegge, head of communications for Lloyds TSB. "More and more people are funding their business through structured loans and fixed rate loans as well as some variable rate ones," he said "There are business credit cards now, plus leasing and supply of finance… there is a much broader range of products and services available," he added. Meanwhile, Sainsbury's Bank has revealed that, among average Britons,
an appetite for credit is being replaced by a trend towards saving.© Adfero
Ltd IVAs are popular with consumers who are having difficulty with repayments on loans, credit cards and, sometimes, mortgages. Under the terms of an IVA, the debtor agrees to repay a proportion of the debt over a certain period, usually with the remainder being written off. But some banks and lenders feel that the system has been abused in recent years and are becoming less co-operative, Debt Free Direct said today. A spokesman for the company, which provides free and independent advice to debtors, said lenders "are not as helpful in agreeing IVA deals and are becoming much, much tougher and are denying access to an IVA". Earlier this week, a report by consultancy firm Grant Thornton found that UK personal debt - in the form of mortgages, overdrafts and credit cards -has topped £1,345 billion, exceeding predicted gross domestic product for 2007. © Adfero Ltd
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