Loans
Debt enquiries expected to surge
With many consumers looking to reduce their New Year debts, Richard Napier, Nationwide's head of credit cards and personal loans, talks about the options consumers have to help them get over their Christmas debt hangover.
Banks push to become one-stop shops
Banks are increasingly focussing their sales efforts on their existing customers as they seek to cater for all their customers' financial needs.
Nationwide offers personal loan rate of 7.6% APR
With effect from Tuesday 5 January 2010, Nationwide will be introducing a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount customers.
Mortgage lending up in November
Total net lending to individuals rose by £1.1 billion in November, according to figures from the Bank of England. The twelve-month growth rate remained at 0.7%. The three-month annualised growth rate was 0.6%, unchanged from a revised 0.6% for October.
Sainsbury's offers reduced personal loan rate
Sainsbury's Finance is offering its shoppers a reduced personal loan rate of 7.9% APR Typical and double Nectar points on their shopping for two years when applying with a Nectar card between 29th December 2009 and 28th February 2010.
Mortgage lending in November holds up
While mortgage lending continued to hold-up in November unsecured loans to consumers dropped further while personal deposits increased by less than in recent months, according to the British Bankers Association (BBA).
Plans to ban logbook loans
Consumer Minister Kevin Brennan has announced plans to ban the use of an outdated law used to sell high-cost loans.
Danger consumers lose out shopping around for loans
The Treasury Committee has released a Report, Credit Searches, which calls on the Office of Fair Trading and the Information Commissioner's Office to investigate the fairness of a part of the credit market.
The year that was 2009
2009 has been a rollercoaster of a year, with numerous ups and downs and twists and turns.
Homebuyer loans at highest for nearly two years
The number of loans for house purchase in the UK reached 55,000 in October, its highest level since December 2007, according to the Council of Mortgage Lenders.
Nearly £20 billion to be spent on second-hand cars
Around 3.7 million people, 8% of the adults in Great Britain, plan to buy second-hand cars in the six months leading up to the end of February 2010, according to new research from Sainsbury's Finance.
Loan rates continue to rise
Since Bank Rate dropped to the historic low level of 0.50% in March, loan rates have continued to increase.
Value of personal loans for cars rises due to scrappage scheme
In a clear sign that the Government's car scrappage scheme is succeeding in its mission to stimulate the motor vehicle market in the UK, Sainsbury's Finance estimates that the scrappage scheme is directly responsible for a 37% increase in the value of personal loans
Debt worries cause work life to suffer
The full extent to which serious debt affects our working lives is revealed today by talkaboutdebt.co.uk, the free debt help website.
Nationwide offers personal loan rate of 7.9% APR typical
With effect from Wednesday 7 October 2009, Nationwide will be introducing a new personal loan rate of 7.9% APR typical for loans of between £7,500 and £14,999 for its current account customers.