Best Loans News

Two of the major high street banks in the UK are to take advantage of the newly introduced Government rescue scheme, in a bid to free up more liquidity and be able to offer loans to consumers once more.
Both the Lloyds Banking group and the Royal Bank of Scotland have announced that they will be [...]

Anybody who has seen the news at all recently will have been aware of all the negative press which is being targeted towards the banking sector at the moment, with banks unable to offer loans to customers due to their own liquidity problems, low rates of interest for savers and many people blaming banks for [...]

Staff working at the nationalised bank Northern Rock, are to receive a bonus on their salaries of ten per cent this week, for meeting targets on their Government loan repayment, it has been announced.
Northern Rock was the first of many high street banks to get into financial difficulty at the beginning of the credit crunch [...]

The Bank of England’s Monetary Policy Committee (MPC) held its usual monthly meeting this lunchtime and announced that the base rate of interest for homeowner loans and savers would be reduced once again, this month by 0.5 per cent.
This means that interest rates have now dropped by 3.5 per cent since October last year, when [...]

The recent cuts which have been made by the Bank of England in the base rate of interest have come as a welcome Christmas present for those individuals who have existing secured loans and mortgages, particularly those who opted for a tracker rate who have now seen dramatic decreases in their monthly loan repayments over [...]

As the effects of the credit crunch continue to have an impact on many people’s lives in the UK, an increasing number of individuals are starting to seek advice regarding their personal loans and other debts, according to a recent report from Lloyds TSB.
The survey, which was conducted across 150 branches of the bank throughout [...]

Following the welcome news last Thursday that the Bank of England’s Monetary Policy Committee had decided to cut the base rate of interest by 1.5 per cent to just 3 per cent, there was immediate concern that a large number of banks and building societies were not going to pass the savings on to their [...]