Loan News
2012 - The year of personal asset lending
The year of 2012 has seen many of the UK's wealthy ditch the banks, and turn to their assets for finance - unlocking the value of personal assets ranging from fine wine and prestige cars to fine art and antiques.
Borro’s bridging loans gain popularity in 2012
As the nation continues to seek alternative sources of finance, borro – UK personal asset lender - has seen a 64% rise in loans to clients for bridging purposes in 2012.
3 in 4 of those in debt say money worries are harming their health
Debt problems are affecting almost every aspect of people's lives, having a damaging impact on their work and home lives, family relationships and health, according to the results of a new Citizens Advice survey.
Brits turn to fine wine collections to access finance
People are using their fine wine collections to access finance, according to new analysis from borro, the UK personal asset lender. Since this period last year, borro has seen a 244% increase in loan value of vintage wine collections.
The Pros and Cons of an IVA
An Individual Voluntary Arrangement (IVA) is often an alternative to bankruptcy if you have unsecured debts with multiple creditors that you’re struggling to repay.
Fine art is latest form of finance for wealthy
Brits are turning to fine art and sculpture to access finance, according to analysis from borro, the UK personal asset lender. Since this period last year, borro has seen a 21.7% increase in the loan value of art.
Bank of Mum & Dad - Parents owed over £13 billion by their kids
British parents are currently owed more than £13 BILLION - by their own kids, a study has revealed.
Brits dive into dazzling diamond and gem collections for finance
borro, UK personal asset lender, has seen a stunning array of unique jewels and gems come through its vault doors, as more and more Brits use their valuable jewellery collections as collateral for finance.
The best things in debt advice are free
Research launched by Lloyds Banking Group and the Money Advice Trust has raised several concerns over the practice of struggling households being charged fees for debt management plans.
borro sees property related loan applications rise 183%
borro, UK personal asset lender, has seen a 183% rise in property related loan applications from customers from 2011 to 2012, with the average loan value against all property related loans currently standing at £19,500.
‘Bank of mum and dad' means business when it comes to loans
The ‘bank of mum and dad' has its own terms and conditions according to new research from HSBC.
Brits turn to unusual assets for finance
With individuals and small businesses still struggling to access finance from traditional means, Brits are turning to unusual assets to raise finance. borro, UK personal asset lender, continues to see customers coming through the door with unique and unusual assets in the search for finance.
‘Freshers' resigned to graduating over £39k in debt
First year ‘fresher' university students expect to graduate more than £39,000 in debt, according to research from the Money Advice Service.
Wellers Auctioneers & Valuers to provide personal asset loans
borro, UK personal asset lender has concluded a partnership agreement with Wellers, the Chertsey and Guildford based auctioneers and valuers.
Brits take advantage of valuable watches to access finance
An increasing number of individuals have realised that they are sitting on a potential wealth of assets, including valuable watches. borro, the UK personal asset lender, has seen a 122% rise in the average loan provided against watches over the past two years.