Best Loans News

There was a set back for the optimistic outlook with regards to the full and speedy recovery of the UK economy during the month of May, as the Bank of England announced that the figures for growth in new loan completions on both business loans and personal loans to individuals, as well as homeowner loans [...]

We have seen a lot of positive signs, over the past couple of months, that the worst of the current recession and economic slow down in the UK may be slowly coming to an end.
Certainly things are starting to pick up in the housing and loan markets, with buyers returning to the market, house prices [...]

We reported some time ago about banks and building societies offering “phantom” mortgages and homeowner loans, where a loan product was advertised to customers, but was then mysteriously withdrawn at the last minute, or the borrower didn’t quite meet the lending criteria and so was rejected.
It would appear that this practice is still continuing, although [...]

We have reported on a number of occasions in the past on the controversial sale and rent back schemes which have been operated by a growing range of companies.
These schemes, in general, have largely been condemned for preying on extremely vulnerable homeowners who are struggling to keep up with the repayments on their homeowner loan [...]

It probably doesn’t come as much of a surprise to many people reading this that the overall amount of lending on new loans has dropped since the same period last year, due to the effects of the credit crunch.
But the most recent report from the Finance and Leasing Association (FLA) has revealed that there has [...]

In a recent test case in the County Court, a senior Judge has ruled that a consumer credit agreement on a loan did not fully comply with the consumer credit act and therefore the loan agreement was unenforceable by the lender.
Judge Derek Halbert is now looking into bringing certain test cases to the high court [...]

At a time when interest is beginning to pick up in the housing market and estate agents and surveyors are saying that more people are entering the market, there have been renewed calls for banks and building societies to start offering realistic loans to potential home buyers once more.
Barclays bank has now responded by saying [...]