Loans
2012 sees unusual and high value assets used as collateral for loans
borro, UK leading personal asset lender, saw a host of unusual and high value assets come through the doors of its vaults in 2012 - to be used as collateral for loans.
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.
Tesco offers the lowest personal loan rate from a UK bank in a decade
Tesco Bank has reduced its interest rate on personal loans between £7,500 and £15,000 to 5.2% APR representative, offering customers the lowest personal loan rate from a UK bank in a decade*.
The Co-operative Bank to offer loans from 5.4%
The Co-operative Bank has reduced rates across its personal loan range, with loans now available from 5.4% APR.
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.
AA drops loan rates again
AA Financial Services has reduced the rate for personal loans to 5.6% APR representative but AA members benefit from a lower 5.5% APR representative rate.
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.
Debt problems with payday loans more than doubles in one year
As the new payday lending customer charter is launched, Citizens Advice Bureaux across the country are releasing new figures demonstrating a worrying increase in the number of serious debt cases relating to payday loans.
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.
Personal loan rates drop to historic low as fight for top spot continues
The best buy personal loan rate has fallen to the lowest level for over decade following the launch of the market leading loan from Sainsbury's Bank, with a rate of just 5.4 per cent.
Derbyshire reduces loan rate to market-leading 5.5%
The Derbyshire Building Society, part of the Nationwide Group, is reducing its personal loan rate to a market-leading 5.5% APR Representative.