Loans
borro seeing better quality and higher value assets used for loans
Valuation experts at borro, the UK personal asset lender, have revealed the most interesting assets they saw last year.
Record low base rate four years on - the winners and losers
With March 7 marking the fourth anniversary since Bank of England base rate dropped to a record low of 0.5 per cent, analysis by MoneySupermarket has shown that the cost of borrowing on mortgages and personal loans has fallen dramatically over the period, while savings rates have plummeted further since the Funding for Lending Scheme was introduced in August 2012.
Lowest debt burden if you live in Wales
People in Wales have the lowest unsecured debt levels in Britain, although they still have the same relative levels of IVAs and bankruptcy to the rest of the UK, says Insolvency Company IVAOnline.co.uk.
Brits take control of their finances with careful debt management
An estimated 164,000 consumers collectively took out £1.6 billion in personal loans in the first quarter of 2012 in order to consolidate existing debts, according to analysis from Sainsbury's Bank Loans.
Derbyshire announces personal loan ‘rate sale'
Derbyshire Building Society is reducing its personal loan rate to a market-leading 5.0% APR Representative - the lowest rate advertised in the UK this decade.
Scottish Insolvency Statistics 2013
The Scottish insolvency statistics for the third quarter have been published revealing nearly 350 Scots are becoming insolvent every week.
M&S Bank launches new loan rates
M&S Bank is reducing its personal loan rate from 5.6 to 5.4 per cent APR (representative) on loans between £7,500 and £15,000 over 12 to 60 months, and will also reduce the rate on loans between £15,001 and £25,000 from 9.9 to 7.4 per cent APR (representative).
Derbyshire returns to the top of the loan rate table
Derbyshire Building Society is introducing a new personal loan rate of 5.1% APR representative for loans of between £7,500 and £15,000 for a term of up to five years.
Nemo implements Semafone to make telephone payments secure
Nemo Personal Finance Limited, the secured loans provider, has implemented technology from Semafone to ensure that customer payments by telephone are compliant with Payment Card Industry (PCI) security regulations.
How a DMP can help with problem debts
A debt management plan (DMP) is a common way of dealing with debts that are spiralling and causing you problems.
23% more homeowner loans taken out in 2012
2012 saw gross lending in secured loans surge to £351.9m, according to the latest Secured Loan Index. The increase exceeds the forecasts made in September’s Index, which predicted gross lending would reach £350m.
Borrowers benefit from improved rates in 2013
Borrowers looking to take out a personal loan, mortgage or credit card in 2013 could benefit from greater competition in the market as a result of the Bank of England's Funding for Lending Scheme.
M&S Bank launches new loan rates
M&S Bank is reducing the rate on its mid-value personal loans from 7.3 per cent to 7.0 per cent APR (representative). The offer applies to new personal loans between £5,000 and £7,499 over 12 to 60 months.
Clydesdale and Yorkshire Banks announce personal loan rate of 5.1%
Clydesdale and Yorkshire Banks have announced a market leading rate of 5.1% APR on personal loans for both new and existing customers.
Clean up your credit profile in 2013
In the aftermath of Christmas 2012's debts, more than one in six people may be looking to consolidate their debts or take out new loans or credit cards this New Year, according to a recent poll from MoneySupermarket.