Loan News

More than 65% of UK residents are now required to bring home at least £1000 per month in order to keep the cogs of their household intact.
According to a recent study conducted by British banking institution Egg, the accumulative total of household bills coupled with loan and other typical credit commitments will cost the average […]

The ailing bank and UK loan lender, Northern Rock, announced this week that it was making “solid progress” on its business plan with the Bank of England and was on track to repay the loan from the Government, which was made last year in order to bail out the Newcastle based lender.
Ron Sandler, who was appointed […]

Budding Entrepreneurs and proprietors of established business enterprises are being forced to seek alternate means of raising finance, as access to traditional business loans become scarce.
According to one source, the negative effects of the credit crunch on the lending market are not just exclusive to the domestic arena and a large number of business loan […]

Payday loans are rapidly gaining popularity amongst borrowers within the UK suggests a recent study.
According to financial comparison site Money Supermarket, demand for payday loans and the companies providing such services has more than doubled in the last six months.
For those who are unfamiliar with this method of borrowing, payday loans are essentially a short […]

We are all aware of the liquidity problems being faced by the major high street banks and other lenders at the moment and many of us may wonder as to why these financially strong institutions are suddenly short of cash. Most of us would expect to find that these respectable lenders would take a responsible […]

The rate of inflation in the UK is still on the increase according to new figures released yesterday. The Bank of England announced that the rate for the month of April had risen to 3%. This is an increase of 0.5% over the previous month and a whole point above the Bank’s target rate of […]

The effects of the recent credit crunch are impacting on the housing market and particularly many individuals who have mortgage or secured loans on their homes. Latest figures show that repossessions of homes for the first quarter of this year have increased by 16% compared with the same period for last year.
The Government are also […]

There are very few people within the UK who are both comfortable and indeed willing to discuss the state of their personal finances with either friends or loved ones.
A recent survey conducted by insurance giant SPF has found that some 80% of their clients will go to great lengths in order to shroud their finances […]

The effects of the credit crunch are making themselves felt throughout the mortgage and loan markets with yet another reduction in the figures for the number of mortgages which have been approved during the month of March.
The latest figures, which have been released by the British Banker’s Association (BBA) show that new mortgage approvals have […]

The Halifax Bank of Scotland group, Britain’s largest mortgage lender, has launched a rights issue last week in order to raise funds from its share holders to maintain liquidity and raise their capital base to help counter the effects of the credit crunch.
HBOS is looking to raise £4bn from its 2.1m share holders. It is […]