Loans

Nervous equity investors should consider Zopa lending

Wobbling stock markets and rising interest rates make now a perfect time for equity investors to reduce and spread their risks by investing in prime unsecured lending via Zopa.

“Spend now and pay later” is alive and well

Many of us are still spending now and paying for it later, according to a survey by Fool.co.uk.

Loan rates getting more expensive

Lisa Taylor, analyst at Moneyfacts.co.uk, comments: “Although not directly linked to base rate, a trend has emerged that loan rates are being tweaked quite quickly following base rate rises.

Firms agree to change the way they sell PPI over the internet

Major finance firms have agreed to change the way they sell payment protection insurance (PPI) over the internet, following action by the Financial Services Authority (FSA).

Zopa passes full Bank of England interest rate increase to lenders

Zopa lenders with money waiting to be lent out to borrowers enjoyed the full benefit of the Bank of England’s base rate rise from midnight last night.

Picture Financial: Secured lending and interest rate rises

The interest rate rise announced yesterday and PwC estimates that as much as a fifth of all UK household disposable income now goes to pay interest on borrowings and that levels of debt are rising faster than the growth in earnings.

Sainsbury’s Bank cuts its loan rates

Michelle Slade, Analyst at Moneyfacts.co.uk, comments: “The announcement from Sainsbury’s Bank to reduce its loan rates to 6.50% bucks the current trend of rising rates we have been witnessing.

Sainsbury’s Bank cuts online loan rate

Sainsbury’s Bank, has cut its loan rates for any online applications of £7,500 or more (up to £25,000) to 6.5% APR typical. This is affective immediately.

Credit squeeze hits as missed loan payments increase

More than 7,716 loan repayments are going unpaid every day as the recent Bank of England rate rises start to bite, new MoneyExpert.com research shows.

PPI price rises – adding insult to injury

Michelle Slade, personal finance analyst at Moneyfacts.co.uk, comments: “With PPI currently under the OFT microscope and being seen as an ‘overpriced, inflexible’ product, you may have thought lenders would be reluctant to rock the boat further.

Borrowing less is costing more as lenders boost rates

People looking to borrow less than £5,000 are finding affordable loans increasingly difficult to come by, according to MoneyExpert.com.

Personal loan rates take a battering

Michelle Slade, Personal Finance Analyst at Moneyfacts.co.uk, comments: “With the disappearance of sub six percentage loans, rates continue to get a battering. This week alone, five providers have increased rates by as much as 1%. Even best buy loan rates, such as Moneyback Bank are rising in line with the market.