Best Loans News

The UK’s harsh economic climate is forcing thousands of Brits to severely cut back on their personal spending and credit acquisition rate.
A spokesperson for one of the countries largest financial analytics institutions suggested that records highs with regards to the national rate of interest, coupled with comparatively low consumer net earnings, would soon start to [...]

Uncertain economic conditions have caused the fixed rate mortgage to become the home loan of choice, according to recent studies by a leading mortgage provider.
A survey conducted by Abbey National discovered that more than 70% of mortgage shoppers are reluctant to take out a variable rate home loan plan for fear of yet further rises [...]

More and more UK banking institutions are rejecting loan applications from customers who have a tainted or sub prime credit history…but why?
Analysts believe that in light of the recent fiasco, which affected what was once one of the UK’s largest sub prime loan providers (Kensington) and also the fall of one of the US’s largest [...]

Newly published data by the UK’s leading mortgage advisory service reveals that although the number of newly issued home loan plans for the month of August was below average, borrowing levels across the board were still atypically high.
Accordingly, total borrowings for the month of August levelled out at around 33 billion, representing a fall of [...]

According to recent studies, the number of people using secured homeowner loans as a means to consolidate their outstanding credit has more than doubled in the last 12 months.
Commenting on the findings, one expert suggested that by using the available equity in a person’s home, as a way to clear a rising number of smaller [...]

A UK based consumer interest group specialising in the financial services sector, is said to be pleased at a recent Government announcement relating to the eventual eradication of loan sharking.
Loan sharking is a major problem in the UK and due to our nations mounting consumer debt situation, it is also one of the only ways [...]

According to an independent study by one of the countries leading price comparison sites, the UK’s debt stricken younger generations rely heavily on the bank of mum and dad for financial support.
Unsurprisingly, almost half of all parents have provided some kind of financial relief to their offspring at some point in their lives. The study [...]