Interest rates and the secured loan
Recent cuts in interest rates, seem to have had little effect on the secured loan market.While we try to avoid a recession, we must also attempt to limit the length and depth of a recession.the question is are the right things being done?
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The interest rate cuts are meant to stimulate the economy, reducing costs of mortages etc, as long as the rate cut is passed onto the consumer.The consumer should have more available funds to go out and buy goods which therefore keeps the cycle of money going round.
The
Secured loan market,has however seen very little change, many lenders still have restrictive criteria and are being extremely coy regarding lending.This is understandable taking into account the vast sums of money that many have lost, but what about the vast sums of money that was made during the good times? With libor rates dropping this should give the
home loan sector a much needed boost. The main benefit, one would hope is that the
Self employed loan sector may well recover to reasonable levels of lending and criteria.
Release Date:11/04/2008
Industries:Economy
Category:Private Company News
Website:http://www.chrysalisfinance.co.ukSource:http://www.chrysalisfinance.co.uk