Lloyds Banking Group has announced major changes to its operations this week, which will see further job losses within the organisation, the closure of branches and the loss of two well known brands for mortgages and homeowner loans.
The bank, which has been part nationalised with a bail out from a Government loan, announced this week [...]
We reported some time ago about banks and building societies offering “phantom” mortgages and homeowner loans, where a loan product was advertised to customers, but was then mysteriously withdrawn at the last minute, or the borrower didn’t quite meet the lending criteria and so was rejected.
It would appear that this practice is still continuing, although [...]
A large number of people with homeowner loans have been enjoying the benefits of low monthly repayments on their loan over the past few months, due to the Bank of England reducing the base rate of interest to just 0.5 per cent, in order to combat the effects of the credit crunch and following economic [...]
With the way that many individuals feel about their bank, and financial institutions in general, at the moment, it would be no surprise to learn that the answer to this question is a resounding “yes” from the majority of consumers.
This general feeling has been backed up by new research from the financial website Moneyextra.com, who [...]
The effects of the credit crunch and the recent economic down turn has had a huge impact on not only the UK economy as a whole, but also on the majority of people living and working in this country.
A large number of people have been affected by the current recession, whether it has been simply [...]
We have reported on a number of occasions in the past on the controversial sale and rent back schemes which have been operated by a growing range of companies.
These schemes, in general, have largely been condemned for preying on extremely vulnerable homeowners who are struggling to keep up with the repayments on their homeowner loan [...]
In recent months the governments has announced plans to introduce quantitative easing in a bid to drag the country out of recession and restore some growth to the UK economy and so far this seems to be having a positive effect, as banks and building societies have been able to exchange their “toxic” debts, on [...]
