For many years now, there have always been strong levels of competition between the major supermarkets in the UK, with a constant price war over just who is able to sell the cheapest tin of baked beans!
Recently, supermarkets have even taken to advertising their competitor’s price next to their own, just to show how much [...]
Over the past few months there has been lots of positive news about the increasing numbers of homeowner loans and mortgages which are being approved for house purchase, as confidence returns to those looking to buy a new home, due to low interest rates on loans and relatively low house prices.
Although the figure for gross [...]
The Chelsea building society, the fourth largest society in the UK, has reported that it has made losses of around £41 million, due to borrowers with buy to let loans committing fraud on their original loan application.
As a result of this, the Chelsea has recorded a half year loss overall of £26 million. According to [...]
We reported several months ago that the Office of Fair Trading (OFT) and Competition Commission (CC) were conducting an investigation into the sale and marketing of Payment Protection Insurance (PPI) alongside the arrangement of a new personal loan.
As a result of this investigation, it was decided that consumers were not being given sufficient time to [...]
Although there have been definite signs of improvement in the housing and homeowner loan markets over the course of the past couple of months or so, somewhere in the region of a third of all homeowners with a homeowner loan, approximately 3.5 million different households, are still unable to move house due to the outstanding [...]
Since the effects of the credit crunch have practically crippled the UK banking sector, banks, building societies and other loan companies have become increasingly reluctant to offer interest only loans to borrowers, as just part of their measures to tighten their lending criteria and make it much harder for a potential borrower to obtain the [...]
Despite talk of signs of improvement and even recovery in the housing and homeowner loan markets, the effects of the credit crunch have taken their toll on lenders and borrowers alike.
One of the worst hit sectors of the loan industry over the course of the past two years has been that of specialist lending, i.e. [...]
