Category Archives: UK Debt Consolidation

Uk Debt Consolidation

Sell Your Home Fast Before Double Dip Housing Recession Hits UK

Capital Economics the economic think tank have warned that houses will lose a further 20% of their value in the next 2 years. Thousands of homeowners are now looking for a sell house fast solution before they lose even more equity.

It is feared that a double dip recession is on the cards as the Council of Mortgage Lenders reported that gross mortgage lending fell by a massive 13% last month to just £9.2billion proving that fast house sales are a distant memory on the property market.

Peter Charles, economist at the CML, said: “The Bank of England’s inflation report noted that the UK banks face a significant funding challenge over the next couple of years.

“In total, including funding supported by the public support schemes, around £400bn to £500bn of wholesale term debt is due to mature by the end of 2012.

“This implies that, even in the unlikely event of a marked upturn in mortgage demand, the level of activity in the mortgage market can be expected to remain constrained.”

Paul Diggle, a property specialist at Capital Economics said; “Prices are trending slowly downwards at the moment, but our view is that this is really the start of the second leg of the correction and we expect prices to fall significantly further.”

Commenting on the figures, David Whittaker, managing director of Mortgages For Business, said: “Imploring lenders to lend more this year will be as fruitful as asking Ed Balls to quieten down – it simply won’t happen.

“These figures highlight how important the private rental sector is going to be over the next few years. Until the mortgage market opens fully to first-time buyers it will continue to stagnate, leaving hundreds of thousands of people pouring into the rental sector.”

The CEO of Crown Mortgage Management, Eric Stoclet, said: “With GDP shrinking, house prices dropping and the impact of public spending cuts still uncertain, lenders responded emphatically in January. You can’t disguise adverse lending conditions.

“Demanding that lenders put their hands deeper into their pockets misses the point.”

Quick Cask for Properties can help you to today.  We buy any house in all conditions and locations across the UK.  For a free, no obligation cash offer for your home, call now on 0800 933 6137.

Debt Consolidation Loan

Debt Consolidation Loans  Explained

A  debt consolidation loan enables you to pay off all of your existing debts in part or in full. The primary objective of a debt consolidation loan is to allow the debtor to pay a reduced monthly sum to one single creditor, thus freeing up some spare capital. The repayment period for a debt consolidation loan will be longer but also you will have the option of  a better rate of interest if you secure the loan against an asset. This is something to be considered but with professional advice.
So Could a debt consolidation loan be your best option ?
A Debt consolidation loan means you will be taking out a single loan which you will use to pay off all of your other existing debts. You may decide to choose the debt consolidation loan route so that you have a lower rate of interest, and lower monthly repayments for your debts than is currently the case. Typically a debt consolidation loan, will give you greater control over your budget and your monthly repayments.
A Debt consolidation loan will be best for you if you have  high levels of credit card and high street store card debt. Store Card is usually one of the highest rates of interest with the average store card having an APR of 30% if this is you, then you are not alone, it is estimated that there are in excess of 14 million in the UK. In response to this popularity, the UK Competition Commission claimed that shoppers were paying grossly inflated interest rates on their cards, resulting in £100 million worth of overcharging each year.
Simplifying your various repayment commitments by consolidating them under one loan can reduce the risk of paying the excessive fees associated with late payments and alleviate the stress of having to manage multiple creditors.
How does the Debt Consolidation Loan process work?
firstly you should make a full review your personal financial circumstances, be honest with yourself, and leave nothing out. Only by doing this can be  sure that a  debt consolidation loan is the best debt consolidation option  for your personal circumstances.
To take full advantage of your debt consolidation loan, most lenders will want to be secured against your home. This can be risky as missed payments can result in repossession. Debt consolidation will not be the right method of treatment for everyone. If your financial difficulties are so severe that you require a more rigorous course of financial first aid, you may find that an IVA or bankruptcy procedure is your best option.
If a debt consolidation loan is your best option, your outstanding unsecured loans will be paid off by a new one.

A  debt consolidation loan enables you to pay off all of your existing debts in part or in full. The primary objective of a debt consolidation loan is to allow the debtor to pay a reduced monthly sum to one single creditor, thus freeing up some spare capital. The repayment period for a debt consolidation loan will be longer but also you will have the option of  a better rate of interest if you secure the loan against an asset. This is something to be considered but with professional advice.
So Could a debt consolidation loan be your best option ?
A Debt consolidation loan means you will be taking out a single loan which you will use to pay off all of your other existing debts. You may decide to choose the debt consolidation loan route so that you have a lower rate of interest, and lower monthly repayments for your debts than is currently the case. Typically a debt consolidation loan, will give you greater control over your budget and your monthly repayments.

A Debt consolidation loan will be best for you if you have  high levels of credit card and high street store card debt. Store Card is usually one of the highest rates of interest with the average store card having an APR of 30% if this is you, then you are not alone, it is estimated that there are in excess of 14 million in the UK. In response to this popularity, the UK Competition Commission claimed that shoppers were paying grossly inflated interest rates on their cards, resulting in £100 million worth of overcharging each year.
Simplifying your various repayment commitments by consolidating them under one loan can reduce the risk of paying the excessive fees associated with late payments and alleviate the stress of having to manage multiple creditors.
How does the Debt Consolidation Loan process work?
firstly you should make a full review your personal financial circumstances, be honest with yourself, and leave nothing out. Only by doing this can be  sure that a  debt consolidation loan is the best debt consolidation option  for your personal circumstances.
To take full advantage of your debt consolidation loan, most lenders will want to be secured against your home. This can be risky as missed payments can result in repossession. Debt consolidation will not be the right method of treatment for everyone. If your financial difficulties are so severe that you require a more rigorous course of financial first aid, you may find that an IVA or bankruptcy procedure is your best option.
If a debt consolidation loan is your best option, your outstanding unsecured loans will be paid off by a new one.

Uk Debt Consolidation

UK Debt Consolidation – Looking at the options

If you have debts and live in the UK, then you will want to know what debt Consolidation Options are open to you. Debt consolidation is a viable solution for many individuals who currently have debt problems.  One of the most popular choices to manage your debts, is A  Debt Consolidation Loan. a Debt Consolidation loans allows you to repay existing debts and take control of your finances by replacing multiple repayments with one, affordable monthly payment.