Loans

£20m year one target for new specialist peer to peer property lending platform

CrowdProperty has announced its launch with a target of £20million funds to be raised from private individuals in its first financial year.

Guides take on loan sharks

Girlguiding group has joined the fight against illegal money lenders and been rewarded for making a difference in their community.

Ombudsman warns consumers about payday loan middlemen

The ombudsman has spoke out about websites that take hundreds of pounds from unwitting consumers on the promise of finding cheap credit, only for the loans never to materialise.

Family lending helps Brits plug gap of household finances to tune of £31 billion

More than one in four (28%) UK adults have been forced to borrow money from family members, new research shows, and with the average amount borrowed by individuals standing at £2,123 the collective family lending economy is now worth around £31 billion.

Students consider leaving university as debt spirals

There has been a worrying uplift in students overall estimated debt – rising almost 14% to £19,217 compared to last year’s estimate of £16,909, according to the fourth annual Lloyds Bank Student Finance Report.

Brits at risk of spiralling debt

New research has revealed that adults across the UK are not prioritising their finances, with almost 90% of people saying they do not spend much time thinking about important financial decisions.

Debt advice works for nine out of ten over-indebted people

Debt advice works for nine out of ten people struggling with serious financial problems, according to the latest figures from the Money Advice Service.

1 in 5 former couples left with unsecured debts in joint names

A fifth of couples who split up in the last year share unsecured debts, new research has found.

£1.6bn lent to family members in past year

A third (33%) of people in the UK have lent money totalling £1.6 billion to relatives in need of financial assistance in the last year, new research has found.

Unsecured borrowing has never been so competitive

With many providers launching market leading deals on loans and credit cards in recent weeks, there has never been a better time to review your borrowing and make sure you are getting the most bang for your buck, according to analysis by MoneySuperMarket.

Ocean Finance adds personal loans to its range

Mortgage and loan broker Ocean Finance has launched a personal loans service. For the first time, Ocean customers will be able to apply for unsecured loans between £1,000 and £15,000 for any purpose, with a rate of 24.9% APR Representative (variable).

The great loans unknown

Sainsbury’s Bank Loans reveals that 5% of Brits are still paying off a personal loan they took out more than three years ago and, with falling rates, many could save money if they were to take out a new competitive loan today, using this money to pay off their existing one.