Best Loans News

Following the welcome news last Thursday that the Bank of England’s Monetary Policy Committee had decided to cut the base rate of interest by 1.5 per cent to just 3 per cent, there was immediate concern that a large number of banks and building societies were not going to pass the savings on to their [...]

In a surprise move yesterday (Thursday 6th), the Bank of England’s Monetary Policy Committee (MPC) announced a cut in the base rate of interest of 1.5 per cent, bringing the base rate down to 3 per cent.
This move follows a cut last month, when the rate was cut by half a per cent, to 4.5 [...]

Since the beginning of the credit crunch and the subsequent slow down in the UK economy, there has been a lot of concern over the plight and financial problems being faced by many home owners, many of whom have built up large debts over the years through their mortgage, other personal loans and credit cards.
But [...]

We have reported on a number of occasions in the past about the sale and practices of providers of doorstep loans and the extremely high cost of many of the personal loan products they offer.
These companies often target market those individuals who are unable to obtain a loan or finance from a more traditional lender [...]

As the economy in the UK continues to slow down on the back of the credit crunch, a large percentage of the population are beginning to feel the squeeze on their financial situation, even if they haven’t been doing so already.
With the cost of living continuing to rise and wages and salaries becoming lower in [...]

Last month we saw the Bank of England cut interest rates for loans and mortgages by half a per cent, the first cut since April this year, and many borrowers were looking forward to seeing the monthly cost of their mortgage reduce in line with this cut.
However, around half of all lenders have not passed [...]