After what feels like an eternity in recession, lenders remain not keen to lend and until the UK general election has ended, it doesn't feel like very much is going to change.

Pre market meltdown times had a mortgage market providing in excess of 25,000 different mortgage deals and loans galore, but today the UK markets have significantly less than 5000 mortgage products on offer to the consumer.


So where did the market meltdown come from and may it happen again?

THE UNITED STATES finance markets imploded in the 4th quarter of 2007 due to bad credit on the total amount sheets of large finance institutions, which ultimately caused what's known as a credit crunch.

In a market meltdown, lenders stop lending and begin hoarding cash because they are afraid of rising debt, resulting in bankruptcies and loan or mortgage defaults. They charge higher interest rates in a bid to stem the flow of business or reject all however the safest loans.

The UK economy have been flooded with easy to access borrowed money since the mid 90's, but the credit crunch meant that tightened credit would spell trouble for companies who needing funding in the form of loans to pursue their business plans and the consumer, who had become used to freely extra cash they didn't have, but could easily access on credit cards for expensive purchases such as luxurious holidays and smart cars.

The answer to could it happen again is a simple one, YES!

If an appetite for investment in more risky markets returns, that you've to say this will, then pushing the limits commercially to get extra percentage market share and profit, could lead to the whole lot happening all over again. Having said that, it will require sometime to get there, as returning confidence to dabble by investors will be slow to come back, but good times will return and the painful effects will be forgotten.

So, how may be the man on the road directly affected?

https://thecardassociation.com/business-tips-the-card-association-scam/ and loan lenders are releasing more new products on a daily basis and the very best mortgage deals of today are soon replaced tomorrow, but the good news is that the deals are getting better and better. The percentage levels that lenders will loan to is increasing and a 90% mortgage, with a competitive interest rate is out there to be found, if you know where to look.

Just how do Independent Financial Advisers add value?

Independent Financial Advisers (IFA's) are in a position to search the marketplace, compare mortgage rates on their client's behalf and secure an excellent mortgage rate to suit the borrower's exact needs. Besides finance, IFA's can provide a good affordability service if you're looking to source top quality, value for money, but cheap life insurance cover and pension plans, with advice that is specifically tailored to the individual or families needs.

Financial advice is available in many guises, the web has led to various channels being designed for the buyer to utilise when seeking help and advice. Finance related price comparison websites have the added benefit of being a one stop look for all mortgage, loan and insurance needs. By completing your details once, you have the benefit of utilizing their services to trawl the marketplace and find you the very best deals available, but there's still a disagreement for using the services of an area to you, independent financial adviser. The IFA may take the time to comprehend any unusual circumstances that you may have and tailor their financial advice accordingly and some finance price comparison websites are now offering both options under one roof to facilitate the requirements of a far wider consumer group.