For the past couple of years, banks and building societies have been avoiding trying to offer competitive loan products to consumers, in case they started to apply for them. But towards the back end of last year, there was a change in attitude from many lenders, largely due to an increased availability of wholesale funds [...]
Recent months have seen a continuous and steady increase in the number of home owner loans and secured loans being approved by banks and building societies, as wholesale funding becomes more available and consumer confidence slowly returns to the housing and home owner loan markets.
According to the latest figures form the Bank of England, net lending [...]
A large percentage of the UK’s high street banks are focusing their attention towards their existing customers, when it comes to selling personal unsecured loans and other financial products, such as insurance and credit cards.
Of course, this has been the case for several years, but according to a new report from Defaqto, banks are now [...]
A couple of years ago, it was a difficult job for many potential first time buyers to get themselves onto the housing market and find a home owner loan which they could actually afford.
Despite the fact that lending criteria was much more relaxed and it was possible to obtain a loan of up to 100 [...]
The effects of the credit crunch and banking crisis have had a severe impact on the banking system in the UK, resulting in banks and other loan companies becoming extremely reluctant to offer loans to either individuals or businesses.
But the Federation of Small Businesses (FSB) has issued a warning, stating that banks and other lenders [...]
Last year was a dreadful year for the loan industry in general, as well as anyone looking for a new loan of any kind, whether this was a secured loan or an unsecured loan.
The effects of the credit crunch and banking crisis caused lenders to tighten their lending criteria and struggle with their own wholesale [...]
