High levels of borrowing by consumers ion personal loans, home owner loans and credit cards over recent years, is starting to take its toll on individuals in the UK, as the latest figures are released by the insolvency service.
According to the latest insolvency service figures, the number of personal insolvencies reached a record high level [...]
A recent survey has found that mutual lenders, such as the smaller building societies, offer the best levels of customer service, when it comes to managing their home owner loan or mortgage.
The results of the survey have been published by the Building Societies Association (BSA), based on independent research conducted by GfK NOP.
The survey found [...]
Although the UK is officially out of recession and the economy is starting to show some signs of positive growth, we are still a long way from being out of the woods as far as individuals struggling with their home owner loans and other debts, goes.
Despite encouraging news that the housing and home owner loan [...]
For more than a whole year now, the Bank of England base rate of interest has remained at a historic low level of just 0.5 per cent, as the UK struggles with its economy and tries to support any signs of recovery.
Whilst low interest rates may be great news for borrowers with home owner loans, [...]
The recent recession and effects of the credit crunch have changed many people’s attitudes towards borrowing money and in particular, the type of home owner loan or mortgage which they choose.
Prior to the credit crunch, the most popular option for a new home owner loan was usually a fixed rate loan deal, which offered the [...]
We have reported on several occasions in recent months on how the main high street banks are failing to support small and medium sized businesses in the UK by offering them the business loans they require in order to maintain and grow their company, despite the Government placing a huge amount of pressure on the [...]
