The main high street banks in the UK are keener than ever to attract good quality customers with their current account packages and as a result of this, the majority of banks now offer many additional benefits, such as cheap loans, car breakdown cover and holiday insurance in order to entice new customers away form [...]
Last year, the Financial Services Authority (FSA) announced that they would be introducing new and additional regulation for the home owner loan industry, following the effects of the credit crunch and banking crisis.
The proposals included a much tighter set of rules governing home owner loans and included possible restrictions on loan to value and income [...]
Last year saw a record number of new students applying to Universities across the country and it seems likely that we will see the same thing happen once again this year. The majority of students (or their parents) will not have sufficient money and savings to be able to fund their education and living costs [...]
Prior to the credit crunch and banking crisis, it was relatively easy for anyone to be able to obtain the personal loan or home owner loan they needed, even if they had a fairly low income, or even someone with a poor credit history with arrears from previous loans and other debts could obtain credit, [...]
When the Lloyds Banking Group and the Royal Bank of Scotland (RBS) received loans from the Government in order to bail them out, one of the major conditions of the deal was that they supported the recovery in the UK economy by providing and offering business loan to small and medium sized businesses.
Although the banks [...]
Since the Bank of England base rate of interest on home owner loans and mortgages has remained at an all time low of just 0.5 per cent for more than a year now, and there are still only very few suitable deals for remortgage opportunities for existing borrowers, more people than ever before now have [...]
Loan providers and insurance companies have been advised to be on the look out for increased levels of fraudulent loan applications and insurance claims, as the latest insight report from the credit agency Experian has predicted a significant increase in fraud cases over the course of the coming year.
According to the figures from Experian, the [...]
