Over the course of the past two years, we have seen several secured loan and home owner loan companies disappear from the market place altogether and many others withdraw their loan products due to a lack of wholesale funding, caused by the effects of the credit crunch.
Many specialist lenders have seen high default rates and [...]
Over the course of the past couple of years or so, since the beginning of the credit crunch, there has been a growing incidence of borrowers getting into financial difficulty with their personal loans, home owner loans and other debts.
Many individuals have been able to resolve the situation themselves in connection with their loan provider, [...]
As consumers in the UK are slowly starting to become more confident in the future of the economy and banks and building societies are equally slowly starting to relax their lending criteria on home owner loans and mortgages, albeit slightly, there has been more good news on the number and amount of new loans which [...]
Equity release loans, or lifetime mortgages, have become an important and popular part of many people’s retirement plans and are often used to either supplement income, or provide a lump sum to fund retirement, or to repay any outstanding existing loans.
However, one of the problems which can affect individuals taking out an equity release [...]
Alistair Darling, the Chancellor of the Exchequer, announced yesterday that two of the UK’s biggest high street banks are to be split up in order to comply with competition rulings from the European Union.
The Royal Bank of Scotland (RBS) and the Lloyds banking group are both to be broken up into smaller companies and the [...]
Following the problems which have been caused by the credit crunch and irresponsible lending and borrowing over the course of the past few years, there is to be a new code of conduct for banks and other loan companies to follow, in addition to any new regulation which is to be introduced by the Financial [...]
