Topic filter : Borrower

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....“Household debt – like most things that are good in moderation – can be dangerous in excess”, Alex Brazier, the Bank director for financial stability, said in a speech in Liverpool. “Dangerous to borrowers, lenders and, most importantly from our perspective, everyone else in the economy. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:40:59 PM
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.... Typically, those people wanted to borrow 131% of their earnings, the equivalent to an average £5,058 above their annual salary of £16,360. The analysis named Corby in the east Midlands as Britain’s personal loans capital with borrowers there making more personal loan inquires than any other place in the UK. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 01:04:14 PM
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....Endowment mortgage deals from the 1990s, which were sold with investments linked to the stock market, could be a particular problem. Many borrowers are near retirement and mortgages age limits are preventing them from taking out a free capital repayment mortgage. ... [Read full article on Daily Express ]
Monday 24th of July 2017 04:40:00 PM
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.... The 49% were right. There is serious money to be made by lending at very high rates of interest to “non-standard” borrowers, as the euphemism has it. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 06:27:23 PM
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Latest Finance News related to Borrower

Greece's €3bn bond sale doesn't mean its debt crisis is at an end | Nils Pratley image
.... The 49% were right. There is serious money to be made by lending at very high rates of interest to “non-standard” borrowers, as the euphemism has it. ...
Quarter of personal loan applicants 'seeking half their annual salary' image
.... Typically, those people wanted to borrow 131% of their earnings, the equivalent to an average £5,058 above their annual salary of £16,360. The analysis named Corby in the east Midlands as Britain’s personal loans capital with borrowers there making more personal loan inquires than any other place in the UK. ...
Debt-ridden families a ticking time bomb for EVERYONE in Britain, Bank of England warns image
....He told an audience: "Household debt – like most things that are good in moderation – can be dangerous in excess. "Dangerous to borrowers, lenders and, most importantly from our perspective, everyone else in the economy. ...
Bank of England warns of complacency over big rise in personal debt image
Source : Guardian [Read Article] Monday 24th of July 2017 05:40:59 PM
....“Household debt – like most things that are good in moderation – can be dangerous in excess”, Alex Brazier, the Bank director for financial stability, said in a speech in Liverpool. “Dangerous to borrowers, lenders and, most importantly from our perspective, everyone else in the economy. ...
Mortgage time bomb? Interest-only borrowers with NO plans to repay debts image
Source : Daily Express [Read Article] Monday 24th of July 2017 04:40:00 PM
....Endowment mortgage deals from the 1990s, which were sold with investments linked to the stock market, could be a particular problem. Many borrowers are near retirement and mortgages age limits are preventing them from taking out a free capital repayment mortgage. ...
Let buyers borrow more on greener homes, urges report image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....The difference between an A- and G-rated home would be as much as £11,500 in extra borrowing, the analysis found, falling to about £4,000 extra on a mortgage offer between an E- and C-rated property. The Lenders group said that because energy bills were a sizeable part of borrowers’ essential expenditure, it was a component of the affordability calculation that warranted being made more sophisticated. ...
Rise in credit card default rate adds to concerns over household finances image
.... But lenders expect availability to fall slightly over the next three months to mid-September, reflecting a changing appetite for risk. “Lenders expect that slight reduction in availability to affect only borrowers with loan-to-value ratios of more than 75%, and in particular those with a LTV ratio of more than 90%. ...
Lloyds and Halifax customers set for THESE huge changes to overdraft fees  image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 04:09:00 PM
....Mike O’Connor, chief executive of StepChange Debt Charity added: “We welcome a new approach that makes the cost of overdraft borrowing more transparent and removes unplanned overdraft and returned item fees. "Around half our clients have struggled with overdraft debt so we are pleased to see a specific focus on helping borrowers with larger overdrafts to stay in control of their finances. ...
Mortgage rates: Home buyers urged to switch to record low loans 'before it's too late' image
.... Households could save hundreds of pounds by switching their mortgage from a Standard Variable Rate (SVR) to one of the more competitive mortgages on the market. Charlotte Nelson from Moneyfacts, said: “Though rates are still falling for now, borrowers will not necessarily need to see a base rate rise for rates to start to increase, as there will come a point where the only way to go from another record low is up. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
....Referencing the famous phrase of William McChesney Martin, a chairman of the US Federal Reserve in the 1950s, Woods said the Bank is on alert for a “return to the punchbowl”. “Across the wider market, we are observing – not from all firms, but definitely from a few– a shift in credit risk appetite as lenders compete with each other to find ways of widening the pool of available borrowers, increasing the size of loans available to them, or reducing the credit premium charged for inherently more risky loans,” he said. ...
The ‘sub-prime’ market is back in business image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... Pepper Homeloans, which caters for those with “credit blips or previous financial difficulties” recently announced it had “slashed” rates on some products. Its sales director Rob Barnard was quoted as saying that “adverse credit records remain on file for 72 months, despite the fact that borrowers may have conducted their finances in an exemplary fashion in recent years”. ...
Equity release rates fall: Homeowners paying off interest-only mortgages could save image
.... Equity release allows people to in effect either sell all or part of their home in exchange for a cash lump sum or regular income. Alternatively, a loan is taken out against value of their home, which is paid back through the property when the borrower dies or moves into care. ...
Savers left in the red after a decade of low interest rates image
Source : Guardian [Read Article] Wednesday 5th of July 2017 06:34:13 AM
....6%. Laith Khalaf, the firm’s senior analyst, said: “While cash savers have undoubtedly felt the pinch from lower interest rates, there have been benefits for borrowers which have helped support the economy. ...
Bank of England steps up scrutiny of lenders image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:59:11 AM
....4bn of capital to help prepare for any rise in bad debts from consumer lending. Providing more information on that decision, the Bank said its financial policy committee (FPC), which looks at risks in the financial system, had recently discussed the risk that lenders “might be placing excessive weight on recent good performance in this sector, given that the current environment was likely to have improved the credit scores of borrowers”. ...
Mortgage-seekers ignoring extra fees, says Moneyfacts image
Source : BBC [Read Article] Monday 3rd of July 2017 12:33:38 PM
....The average fee for a fixed-rate mortgage is now more than £1,000 - the most expensive for four years, according to Moneyfacts. The financial information service said that borrowers and lenders tended to focus on mortgage interest rates. ...
Can the Bank get Britain to kick its cheap credit habit? image
Source : Guardian [Read Article] Saturday 1st of July 2017 03:00:02 PM
....As the main source of financial instability in 2008, the mortgage market has come under closer scrutiny in recent years than ever before. The Prudential Regulatory Authority, an arm of the Bank of England that overseas the financial sector, has put in place tough rules that force banks to hold huge reserves in case unemployment increases and borrowers can no longer afford their monthly payments. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
UK financial watchdog investigates car loans market image
Source : Guardian [Read Article] Thursday 29th of June 2017 01:33:08 PM
.... “If you talk to people in the US what they say is you need to view it through the lens of secured borrowing,” said Bailey. Speaking to an audience at the British Bankers Association, Bailey said the regulator was keen to avoid taking any action that might push borrowers to illegal lenders. ...
Older homeowners forced to sell properties to clear debt on mortgages image
Source : Daily Express [Read Article] Wednesday 28th of June 2017 08:25:00 AM
....Three out of four older customers who are downsizing to less expensive houses are doing so to release cash to pay off their mortgage. Between now and 2020, at least 10,000 borrowers every year will come to the end of their interestonly loans with no means of paying off their debt. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
.... . Between now and 2020, at least 10,000 borrowers every year will come to the end of their interest-only loans with no means of paying off their debt. ...
UK banks ordered to hold more capital as consumer debt surges image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:44:48 AM
....The Bank is also bringing forward the part of the annual stress tests on banks that scrutinises their exposure to consumer credit by two months to September. The Bank’s Prudential Regulation Authority and the City regulator, the Financial Conduct Authority, will also publish next month how they expect lenders to treat borrowers in the consumer credit market. ...
Maxed-out consumers of concern to Bank of England image
Source : Guardian [Read Article] Sunday 25th of June 2017 06:00:22 AM
.... Investors will be watching for any hints from the Bank on what it plans to do about rising consumer borrowing. Carney is also likely to use the report to give himself and committee colleagues a pat on the back for the steps already taken by the FPC to rein in the mortgage market, which in turn give monetary policymakers scope to raise interest rates without inflicting too much harm on borrowers. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....Last week the Bank of England’s monetary policy committee left interest rates on hold but it took City analysts by surprise because three of the eight committee members wanted to raise them. Analysts had expected only one member to vote for a rise, which would push up the costs of mortgages and other credit for many borrowers and could lead to further repayment problems. ...
Pay off your mortgage FASTER: How to save thousands of pounds on repayments image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 04:26:00 PM
.... Yet it's thought that millions of people remain on their lender's SVR after deals have ended rather than searching for a new mortgage. Experts said time could be running out for borrowers to get the best fixed-rate deals. ...
Why help to buy is no help at all to the economy | Jeffrey Frankel image
Source : Guardian [Read Article] Tuesday 30th of May 2017 09:54:25 AM
.... Virtually all politicians of both major political parties have long supported them, taking the goal of maximising homeownership as self-evident. Beyond the deductibility of home mortgage interest, borrowers are permitted to make down payments of as little as 5% (or even less) of the value of the house they buy, rather than the more standard 20%. ...
REVEALED: How YOU could get bumper returns of 6.1 per cent with new ISA  image
Source : Daily Express [Read Article] Friday 26th of May 2017 03:57:00 PM
.... As with other ISAs, people can hold up to £20,000 in the account or mix and match to split the sum between the innovative version as well as cash or stocks and shares. Peer-to-peer providers offer investors the chance to generate returns far higher than standard savings rates by lending their money to borrowers. ...
Mortgage loan: Lending to wannabe buyers falls as number of homes for sale dips image
....The National Association of Estate Agents (NAEA) recently reported that the number of homes on estate agents' books dwindled to a record low in March, with around 10 house hunters for every available property. The CML's senior economist, Mohammad Jamei, said: "First-time buyers and re-mortgage customers appear to be buoying the market, as low mortgage rates are encouraging borrowers to re-mortgage and attractive government schemes are helping first-time buyers. ...
If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley image
.... As the chief executive, Joe Garner, points out, the society is not in the profit maximisation game. It is a member-owned organisation with some freedom to manage its profits upwards or downwards, depending on how it wants to balance incentives between savers and borrowers. ...
Debt fears remain despite manifesto 'breathing space' plans image
Source : BBC [Read Article] Monday 22nd of May 2017 11:24:11 PM
....In five areas - Northern Ireland, the West Midlands, Yorkshire and Humber, North East England and Wales - more than half the adult population has savings below £100. There is a risk to UK economic stability too, with lenders standing to lose much more on their consumer credit loans than they would on mortgage lending if there is an economic downturn and their borrowers default on their credit card and other personal loans. ...
Debt fears grow as county court judgments soar by 35% image
Source : Guardian [Read Article] Monday 15th of May 2017 05:07:52 PM
....Nearly 300,000 debt judgments were filed against individuals in English and Welsh county courts in the first three months of 2017, the highest quarterly figure for more than 10 years. Figures from the Registry Trust show a 35% rise compared with the first quarter of last year in county court judgments (CCJs) against borrowers who found themselves unable to pay their debts. ...
How to be on the winning side as mortgage war hots up image
Source : Guardian [Read Article] Monday 15th of May 2017 06:00:37 AM
....29% five-year fixed rate, amid massive demand. Although this offer was for borrowers with a 40% deposit, and came with a £900 fee, there was no shortage of takers. ...
Pay off your mortgage FASTER: Save thousands of pounds with this trick image
Source : Daily Express [Read Article] Saturday 13th of May 2017 01:34:00 PM
. Lenders are competing to offer lower rates, which are fixed for longer, slashing loan repayments for borrowers. ...
How YOU can get up to £2,500 cashback from your mortgage  image
Source : Daily Express [Read Article] Thursday 11th of May 2017 03:59:00 PM
.... However, the deal comes with a £790 fee, which cancels out all but £210 of the cashback. It means borrowers need to look carefully at the overall cost of the mortgage, including repayments, fees and cashback to decide if it is good value. ...
Living abroad? What does the Bank of England rate decision mean for you? image
Source : Daily Express [Read Article] Thursday 11th of May 2017 03:49:00 PM
....The BoE slashed interest rates to record lows in order to help the UK deal with the fallout from the global economic crisis in 2008, and they have barely moved in almost ten years. While this is great news for borrowers, it has not been great news for savers. ...
Home sales in COLLAPSE: Lenders pull the plug after surveyors downgrade values  image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 01:57:00 PM
. Lenders are more likely to retract provisional mortgage offers after receiving a so-called down-valuation, if the borrower has a smaller deposit and is looking for a higher loan to value, on the ground evidence suggests. ...
REVEALED: How many interest-only borrowers are paying off their mortgage image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 11:05:00 AM
. Many borrowers have little option but to turn to equity release after being refused capital repayment mortgages by lenders. ...
UK house prices in first quarterly fall since 2012 image
Source : BBC [Read Article] Monday 8th of May 2017 08:36:14 AM
.... . Under the rule, banks and building societies cannot lend more than 15% of their mortgages to riskier borrowers. ...
THESE credit cards can help YOU improve your credit rating image
Source : Daily Express [Read Article] Saturday 6th of May 2017 05:04:00 PM
....However, there are special options that give people a chance to restore their rating - as long as repayments are met. Credit repair cards can help low income borrowers, the self-employed, as well as those without a credit history and with CCJs, according to Moneyfacts. ...
Mortgage price war: HSBC five-year fix ramps up competition as borrowers urged to switch image
....69 per cent fixed-rate for five years, as it cut rates across 14 of its mortgages. The five-year offering has a fee of £999, available to borrowers with a equity of at least 25 per cent (75 per cent Loan To Value). ...
Mortgage approvals dip for second month image
Source : BBC [Read Article] Thursday 4th of May 2017 09:49:42 AM
. Mortgage approvals fell for the second month in a row despite lenders stepping up their offers to borrowers. ...
How ‘Bank of Mum and Dad’ can help children buy home WITHOUT having to hand over cash image
.... These options can also suit Britons who aren't in the position or comfortable to give large amounts of cash to children - often in cases where one set of parents is giving support to a couple. Mark Harris, chief executive of mortgage broker SPF Private Clients, says: "Money from parents must really be a gift rather than a loan as far as mortgage lenders are concerned, so that it doesn’t impact the borrower’s affordability. ...
Wealthy feel pinch of housing costs as one in four Australians face mortgage stress image
....North is not alone in highlighting household vulnerability. The Reserve Bank of Australia’s financial stability review last month observed one-third of Australian borrowers had little or no mortgage “buffer”, which North said was “the first time they’ve ever admitted it”. ...
Parents '10th biggest mortgage lender' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:52:41 AM
....Others state their annoyance that such funding is only an option for some buyers, and should not be considered as a recognised source of mortgage deposits. Elsewhere, Mark Harris, chief executive of mortgage broker SPF Private Clients, said: "Money from parents must really be a gift rather than a loan as far as mortgage lenders are concerned, so that it doesn't impact the borrower's affordability. ...
'Bank of mum and dad' to lend £6.5bn this year, report predicts image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 05:01:18 AM
....“Transaction volumes are down in the housing market, but [parental] funding is growing exponentially. This is not a good thing, nor is it sustainable or equitable for our parents [the lenders] or young people [the borrowers]. ...
Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....Triodos’s USP is that it only lends money to organisations and projects that are “making a positive difference to society”, whether’s that’s socially, culturally or environmentally. It publishes details of every loan it makes via its website, and its borrowers have included chef Hugh Fearnley-Whittingstall’s River Cottage HQ, and Worthy Farm, home to the Glastonbury festival. ...
The Crusader: Overhaul of LOGBOOK LOAN laws spells better deal for car buyers image
Source : Daily Express [Read Article] Thursday 27th of April 2017 06:01:00 PM
. These are a way for borrowers to use their car or van as security. ...
Santander chief warns on 'changeable' UK economy image
Source : BBC [Read Article] Wednesday 26th of April 2017 10:31:49 AM
....Santander UK's mortgage lending fell after withdrawing cheaper deals in the previous three-month period. First-quarter figures a year earlier were also flattered by a flurry of buy-to-let borrowers aiming to beat April's stamp duty increase for second homes. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
.... And that is just what the Yorkshire building society has done. Admittedly the borrower must have a 35% deposit and pay a £1,495 fee upfront, but still, someone with a £200,000 mortgage will repay just £744 a month on a 25-year term, compared with £1,123 on the building society’s standard variable rate of 4. ...
UK bank launches cheapest ever mortgage rate at 0.89% but there's a MAJOR catch image
....85 per cent for two years. Aside from the hefty lump sum to secure it, there is a chance the SVR could rise which could leave borrowers at risk from higher repayments. ...
Record low rate signals mortgage battle image
Source : BBC [Read Article] Friday 21st of April 2017 09:48:53 AM
.... The Council of Mortgage Lenders (CML) said this fall had been cancelled out by a pick-up in lending to first-time buyers but, overall, the UK's housing market was in "neutral gear". This climate, in part, has resulted in lenders launching new products to try to attract new borrowers. ...
Yorkshire Building Society launches record low 0.89% mortgage rate image
Source : Guardian [Read Article] Thursday 20th of April 2017 11:01:02 PM
....29% – attracted huge interest but was pulled on Wednesday evening after being available for just a week. A spokesman for the Yorkshire, which announced in January that it was shutting 48 branches, said: “We are very pleased to offer borrowers the lowest mortgage rate ever available. ...
Financial Conduct Authority concerned over personal debt image
Source : BBC [Read Article] Tuesday 18th of April 2017 09:09:54 AM
.... Its Financial Policy Committee said there had been an acceleration in debt last year. Consumer credit lending is still less than 10% of all lending by UK banks to household borrowers. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....After several years of year-on-year growth, runs the argument, higher interest rates will deter banks, insurers and even hedge funds and private equity funds from taking excessive risks to improve their profits. Low rates mean they need to generate huge volumes of business to make the equivalent profit, forcing them to embrace sub-prime borrowers, as they did in the early part of the century to such disastrous effect. ...
'Scant reward for savers!': New Government NS&I bond blasted by critics image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:54:00 PM
....2 per cent in today’s depressed savings market may look appealing at first glance but it’s not that generous in the scheme of things. "With the maximum balance set at just £3,000 and having to lock your cash away for three years it’s scant reward for savers who have had to endure rock bottom rates at the expense of borrowers for far too long. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
....2% in today’s depressed savings market may look appealing at first glance, but it’s not that generous in the scheme of things. “With the maximum balance set at just £3,000 and having to lock your cash away for three years, it’s scant reward for savers who have had to endure rock-bottom rates at the expense of borrowers for far too long. ...
Government 2.2% savings bond goes on sale image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:00:16 AM
....2% in today's depressed savings market may look appealing at first glance, but it's not that generous in the scheme of things," said personal finance expert Andrew Hagger of Moneycomms. "With the maximum balance set at just £3,000 and having to lock your cash away for three years, it's scant reward for savers who have had to endure rock-bottom rates at the expense of borrowers for far too long. ...
Wonga data breach 'affects 245,000 UK customers' image
Source : BBC [Read Article] Sunday 9th of April 2017 02:20:23 PM
....The firm said it was "urgently investigating illegal and unauthorised access to the personal data of some of its customers". The firm said it began contacting borrowers on Saturday and was offering support through a dedicated phone line. ...
Wonga data breach could affect nearly 250,000 UK customers image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:33:39 AM
....The lender, which offers loans at interest rates starting at 1,286% a year, became aware of a problem last week but did not realise until Friday that data could be accessed externally. It alerted the authorities and started to contact borrowers on Saturday to make them aware of the problem, and give details of a dedicated customer services phone line for those affected. ...
Low interest rates put global financial sector at risk, IMF warns image
Source : Guardian [Read Article] Thursday 6th of April 2017 02:30:06 PM
....It said efforts should be made not just to facilitate consolidation of smaller banks but also to “limit excessive risk-taking and avoid a worsening of the too-big-to-fail problem”. The IMF’s view that low interest rates might be here to stay was challenged by the ratings agency Fitch, which said borrowers should prepare for a significant shift in the global interest rate environment over the next few years. ...
Is there a housing bubble or isn't there? | Greg Jericho image
Source : Guardian [Read Article] Wednesday 5th of April 2017 02:00:07 PM
....And then there is the problem of bank-lending practices. Lowe told his audience he is worried that “too many loans are still made where the borrower has the skinniest of income buffers after interest payments”. ...
Bank still worried about personal lending image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:26:26 AM
....The recent rapid rise in consumer borrowing is still a potential threat to the stability of the UK's financial system, says the Bank of England. The Bank is concerned about the damage that could be done to the finances of lenders if borrowers default on their borrowing during an economic downturn. ...
Ignore the nanny-state claims – credit card firms need to help those in long-term debt | Nils Pratley image
.... That is not how the product is meant to operate. Unless lenders are forced to accept a few obligations to borrowers, the grubbier end of the credit card industry will look outright exploitative. ...
Sydney property prices rise almost 20% in past 12 months image
Source : Guardian [Read Article] Monday 3rd of April 2017 03:08:56 AM
....9% on average last year. But the news comes as the ratings agency Moody’s warned an increasing number of borrowers have fallen behind on their mortgage and car repayments, saying more borrowers are set to join them amid rising underemployment, record-low wages growth and a more difficult housing market. ...
How to fight back against age bias on finances image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
.... . David Hollingworth, mortgage broker at London & Country, says older borrowers keen to take advantage of today’s low mortgage rates need to demonstrate that they can afford the mortgage: “This means showing evidence of all your sources of income after you have retired. ...
Bradford & Bingley mortgage sale raises £11.8bn image
Source : BBC [Read Article] Friday 31st of March 2017 06:57:25 AM
.... Around half are residential mortgages while the rest are buy-to-let. A non-performing loan is generally classified as one where the borrower has not made a scheduled payment for more than 90 days. ...
Trump is wrong to criticise Germany over trade – he should look closer to home image
....He should also consider that those alluring US financial products, which have so afflicted America’s export sector, have sometimes been pie in the sky rather than legitimate investment opportunities. Both Jimmy Carter and Bill Clinton prompted brokers with their Community Reinvestment Act to help the US poor achieve home ownership by means of generous loans, even though it was clear from the outset that many of these borrowers would never be able to repay the money. ...
UK banks given new stress test scenarios image
Source : BBC [Read Article] Monday 27th of March 2017 11:43:00 AM
.... . Setting out the stress test scenarios, the Bank of England said: "As highlighted in recent financial stability reports, the United Kingdom's large current account deficit creates a vulnerability to a reduction in foreign investor appetite for UK assets and increases in funding costs for real-economy borrowers. ...
Payday loan industry using former Labor shadow minister as lobbyist image
Source : Guardian [Read Article] Monday 27th of March 2017 03:41:46 AM
. The payday loan industry is using Labor’s former shadow financial services minister to lobby against stronger protections for vulnerable and low-income borrowers. ...
Consumer advocates call for crackdown on irresponsible payday lending image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:35:58 PM
....The financial services minister, Kelly O’Dwyer, has committed to introducing the reforms this year. The Financial Rights Legal Centre’s principal solicitor, Alexandra Kelly, said further delays would have real consequences for vulnerable borrowers. ...
New Nationwide deal for parents to raise cash from their home to help their children image
....Nationwide said that family members who could be helped include a spouse, civil partner, parent, brother, sister, child, step child, grandparent, grandchild or someone whose relationship with the applicant has "the characteristics of a family relationship". Those who are living off a retirement income can also use the Family Deposit Mortgage to raise deposit funds but, as with other borrowers, they will need to pass Nationwide's lending criteria. ...

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