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Consequences of 2007 debts will be seen as rates rise

Mortgage demand was weak in 2007 although approval levels were close to record highs. Meanwhile, demand was strong last March as many home owners wanted to remortgage, most without success.

Nearly 30% of consumers who borrowed on credit cards last December are now running into debt. In fact, last year the level of outstanding credit card debt jumped by £2.5bn to £55bn while outstanding personal loans declined by £9bn.

The true consequences of unplanned mortgage borrowing in 2007 will be seen in the next couple of years as interest rates are forced up.



End of liquidity scheme won’t lead to mortgage rate hike, says lender

Fears that the Bank of England’s decision not to extend its Special Liquidity Scheme will lead to increased mortgage rates are un-founded, says Linda Will, sales and marketing director at In The Loop Mortgages. Bank governor Mervyn King unveiled the Bank’s quarterly inflation report last week and ruled out extending the scheme, which is due […]

Rightmove’s share price jumps

Rightmove saw its shares leap last week after increasing its profit forecast for 2010. A statement issued by the board of Rightmove, the country’s largest home search website, states: “We are confident that 2010 profits will be above current market expectations, subject to no significant change in market conditions.” Following the announcement last Tuesday the […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]


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