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Finance News

December - A Base Rate Cut to 5.5% should help many people in hte run up to Christmas. Those with Base Rate Trackers should see an immediate change in their mortgages.

November - An Experian report indicates that house prices could drop over half the country over the next 18 months. Difficulties in gaining a mortgage offer and potential hice price drops are putting people off buying.

October - Britain faces it's first recession for 16 years, warn experts. Buy-To-let investors and first time buyers are particularly exposed to the growing economic problems.

October - In the wake of the Northern Rock crisis the Government has promised savers it will protect the first £35,000 of their savings, with further changes next year potentially protecting up to £100,000.

October - House prices fell by 0.6% in September, following the Northern Rock crisis and the recent interest rate rises.

Unsecured Loans

Unsecured Loans are available for many different purposes.

They are available in many guises, from small payday loans to much larger amounts.

As they are not secured on your property, they can be suitable for those who don't own their own property or who have no equity left and those not wishing to use their home.

As the loan is unsecured, the lender will see it as a greater risk than a secured loan, so may demand a high interest rate. But their can also be less charges, due to not having to prove the value of your property.

Always take professional advice on any loan taken out.