Right time for a loan?

If you've been watching the news then its likely that you have heard about the problems in the US with mortgages and people struggling to repay them. With our banks being global, the pressure effects everyone with a mortgage.

Quite simply, banks are businesses and they want to make profits and when they start loosing money in one sector, they will raise the profits in other sectors. This is exactly what's happening now as banks in the UK have started to raise the rates at which they lend money to consumers.

So should I stay put or move?

Whatever happens in the short term it's likely that rates will continue to rise. So, if you need to get a loan it might be an idea to consider the option now before further rate rises come in to force.

What's the lowest rate?

Depending on the size of your loan, the lowest rate's for personal loans have risen from 5.9% APR to around 6.3% APR. If you're credit history is less than clean you may find it more difficult to get a loan or the rates you could have got last week are now unobtainable.

Why not use the form to get a quote.

The days of cheap credit could be at an end.