In her speech yesterday (18th November), Her Majesty, the Queen announced the introduction of the newly proposed Financial Services Bill, which is intended to tighten regulation in the financial services sector, in particular with regard to loans and other lending such as credit cards and offer a higher degree of protection for consumers.
The bill will [...]
It is often said that first time buyers are the most important sector of the housing and home owner loan markets and if they return to the market, buying property and applying for new loans, the long awaited recovery in the housing market will spread to the rest of the market.
A new survey conducted by [...]
We have reported on several occasions over the course of the past few months about how businesses are finding it increasingly difficult to obtain the right business loan they require in order to develop their business, or in some cases just to keep their company afloat.
Earlier this year, the Treasury and Bank of England started [...]
When they require a new personal loan, or a debt consolidation loan, a large number of individuals will simply go to their local bank and take whatever loan is on offer to them, without question. Other, more careful potential borrowers may do some research first and search the market for a number of alternatives in [...]
Following the effects of the credit crunch and the recession, a large number of individuals in the UK have been struggling to keep up with the repayments on their home owner loan and as a result of this, the number of properties being repossessed due to high loan arrears and defaults has risen dramatically.
The Council [...]
Despite the credit crunch and economic slow down, last year saw consumer borrowing on personal loans and credit cards continue to increase, with an annual increase of around 8 per cent over the course of the year.
But as we enter the final quarter of 2009, it would appear that consumer’s appetites for borrowing money through [...]
Although we are seeing signs of improvement in the UK economy as a whole and there is generally more optimism both from industry experts and consumers with regard to the future, for many individuals and companies, any recovery is coming too late and the damage to their financial situation has already been done, with more [...]
