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....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. ... [Read full article on Guardian ]
Tuesday 27th of June 2017 09:44:48 AM
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.... Instead, the income tax on someone’s property profits and any other income sources will be added up, and they will then be granted a “tax credit” worth 20% of the mortgage interest cost to offset against income tax. Since January the Prudential Regulation Authority (PRA) has required lenders to apply stress tests to new lending, putting further pressure on landlords’ finances. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 05:45:48 PM
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. The Italian government is stepping in to wind up two failing lenders and prevent a bank run, at a total cost of up to €17bn (£15bn). ... [Read full article on Guardian ]
Sunday 25th of June 2017 05:14:25 PM
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....Jerome Powell, the Federal Reserve governor in charge of financial regulation, said he supported adjusting regulations “in common sense ways that will simplify rules and reduce unnecessary regulatory burden”. Acting comptroller of the currency Keith Noreika, meanwhile, told senators that smaller banks could be solely overseen by his agency; that new banks should not require approval from the Federal Deposit Insurance Corporation (FDIC); and that supervision of lenders should be removed from the Consumer Financial Protection Bureau and placed under banking regulatory bodies. ... [Read full article on Guardian ]
Sunday 25th of June 2017 11:00:28 AM
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....The European Union authorities seem to be making up the rules on banking bailouts as they go along. The latest Italian example – the winding-up of Veneto Banca and Banca Popolare di Vicenza – drives a coach and horses through the idea that taxpayers must be spared financial punishment, as far as possible, when lenders can’t fund themselves. ... [Read full article on Guardian ]
Monday 26th of June 2017 03:18:46 PM
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....But if the new minister is to make a long-term difference, he will need to come up with measures to reduce the reliance on high-cost short-term credit. Although there are credit unions and community finance providers, they are dwarfed by the high-cost lenders such as Wonga and Brighthouse by a factor of 50 to one. ... [Read full article on Guardian ]
Tuesday 27th of June 2017 12:00:00 PM
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. The Co-operative Group will be left with only a 1% stake in the Co-op Bank after a complex deal was clinched with hedge funds and other investors to pump £700m into the lossmaking lender. ... [Read full article on Guardian ]
Wednesday 28th of June 2017 11:18:25 AM
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....". The good news is that lenders are regulated by the Financial Conduct Authority and if something goes wrong, you can seek redress via the Financial Ombudsman. ... [Read full article on Daily Express ]
Sunday 25th of June 2017 01:27:00 PM
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.... . It may be possible to extend your mortgage term, although many lenders are reluctant to let loans run beyond retirement. ... [Read full article on Daily Express ]
Tuesday 27th of June 2017 04:16:00 PM
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Latest Finance News related to Lender

Co-op Bank secures £700m rescue deal from hedge funds image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:18:25 AM
. The Co-operative Group will be left with only a 1% stake in the Co-op Bank after a complex deal was clinched with hedge funds and other investors to pump £700m into the lossmaking lender. ...
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
....“Most mortgages now allow penalty-free overpayments of up to 10 per cent a year,” he added. It may be possible to extend your mortgage term, although many lenders are reluctant to let loans run beyond retirement. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
.... . It may be possible to extend your mortgage term, although many lenders are reluctant to let loans run beyond retirement. ...
Many Britons are hooked on costly credit. Here’s what the new minister should do | Rowena Young image
....But if the new minister is to make a long-term difference, he will need to come up with measures to reduce the reliance on high-cost short-term credit. Although there are credit unions and community finance providers, they are dwarfed by the high-cost lenders such as Wonga and Brighthouse by a factor of 50 to one. ...
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. ...
Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley image
....The European Union authorities seem to be making up the rules on banking bailouts as they go along. The latest Italian example – the winding-up of Veneto Banca and Banca Popolare di Vicenza – drives a coach and horses through the idea that taxpayers must be spared financial punishment, as far as possible, when lenders can’t fund themselves. ...
Italy to wind up two failing banks at potential cost of €17bn image
Source : Guardian [Read Article] Sunday 25th of June 2017 05:14:25 PM
. The Italian government is stepping in to wind up two failing lenders and prevent a bank run, at a total cost of up to €17bn (£15bn). ...
Car finance: Is it time to go down the PCP and HP road? image
Source : Daily Express [Read Article] Sunday 25th of June 2017 01:27:00 PM
....". The good news is that lenders are regulated by the Financial Conduct Authority and if something goes wrong, you can seek redress via the Financial Ombudsman. ...
Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
....Jerome Powell, the Federal Reserve governor in charge of financial regulation, said he supported adjusting regulations “in common sense ways that will simplify rules and reduce unnecessary regulatory burden”. Acting comptroller of the currency Keith Noreika, meanwhile, told senators that smaller banks could be solely overseen by his agency; that new banks should not require approval from the Federal Deposit Insurance Corporation (FDIC); and that supervision of lenders should be removed from the Consumer Financial Protection Bureau and placed under banking regulatory bodies. ...
Athens: thousands of public-sector workers march against austerity image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:41:34 PM
....As the dispute continues, authorities in Athens and other major cities have asked people to keep their refuse at home. Greece has been forced by its lenders to agree to further spending cuts, pension reductions and tax rises in order to unlock emergency funds. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
.... Instead, the income tax on someone’s property profits and any other income sources will be added up, and they will then be granted a “tax credit” worth 20% of the mortgage interest cost to offset against income tax. Since January the Prudential Regulation Authority (PRA) has required lenders to apply stress tests to new lending, putting further pressure on landlords’ finances. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
....A City gent, who habitually wears high-waisted trousers and red braces, Varley became Barclays’ finance director in 2000 and chief executive in 2004. He lost out to Royal Bank of Scotland in a battle to buy Dutch lender ABN Amro – which turned out to be toxic – but snapped up the US assets of the collapsed Lehman Brothers. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
....At a time when the official figures show employment at a record high and unemployment at a historical low, the workforce should be enjoying wage rises of at least 4% or 5%. Workers should be building up their savings and rejecting overtures to borrow more from greedy lenders. ...
Buying my own place was an impossible dream – here’s how it came true image
.... Rather than spend my savings on travel, I needed to think of my long-term future. I knew I wouldn’t ever be able to afford to buy much more than a treehouse in London, but Margate – somewhere that sounded like it had an artsy community going on and I could commute from – well, maybe it was just possible? Still, I knew the bubble could easily be pricked: mortgage lenders aren’t known for handing over wads of cash to freelancers, although there are 1. ...
Almost 1m UK bank customers will be forced to use new sort codes image
Source : Guardian [Read Article] Friday 16th of June 2017 06:15:07 PM
. Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes as the high street lenders implement rules intended to make the financial system safer, a Bank of England official has said. ...
How can I buy my friend out of our joint property? image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:00:32 AM
....If, as you suspect, you can’t afford to take on the entire mortgage on your own, having your other friend becoming the joint mortgage holder would seem an attractive solution. But you can do that only with your lender’s agreement. ...
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
....59 per cent. 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. ...
House price inflation in April at six-month high, official figures show image
....Almost £3,500 was added to the value of the average house during April after the property market enjoyed a spring boost, according to official figures. The data, which shows that annual house price inflation has risen to its highest level since last October, runs counter to reports from mortgage lenders and others that the market was slowing down. ...
Payday lender complaints have tripled over the last year, reveals data image
Source : Independent [Read Article] Tuesday 13th of June 2017 07:36:00 AM
...
Related to :
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
....Much of the decline follows a government overhaul of property taxes that spurred landlords and other second-home buyers to rush through deals in March. Figures from HMRC showed a huge spike in sales during March, while mortgage lenders reported a surge in activity after a new stamp duty surcharge came into force on 1 April 2016. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....The car financing industry is confident that this new breed of ultra-low-cost loans, which account for 82% of all new car registrations and are known as personal contract plans (PCPs), are a safe and secure way of financing new cars. It says sub-prime lenders, who offer loans to people with erratic incomes and damaged credit ratings, account for only 3% of the market and the industry can cope with any destabilising events coming down the track. ...
Democrats say Dodd-Frank repeal is 'wrong choice' image
Source : BBC [Read Article] Friday 9th of June 2017 08:42:41 PM
....Senator Sherrod Brown, the Democrat who heads the banking committee in the Senate, has said he is open to loosening rules for smaller community banks. But he lambasted the House measure, calling it "partisan, dangerous legislation [that] would once again leave families, seniors and service members at the mercy of predatory lenders, and put taxpayers back on the hook to pay for Wall Street's greed and recklessness. ...
Santander and RBS haunted by ghost of financial crisis image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:26 PM
. The shadow of the 2008 financial crisis loomed over the banking sector again on Wednesday when a Spanish lender was rescued from collapse by Santander and Royal Bank of Scotland racked up a £1bn bill to end a legal battle sparked by the bailouts by UK taxpayers nearly a decade ago. ...
Relieved RBS bosses should spare a thought for the claimaints image
Source : Guardian [Read Article] Wednesday 7th of June 2017 02:27:31 PM
....Ana Botín, chair of Santander, will be the toast of Frankfurt and Brussels. A small, but potentially nasty, crisis has been averted by the bank agreeing to buy the “failing or likely to fail” Banco Popular, Spain’s sixth largest lender, for a nominal euro. ...
House price growth cools further in May, says Halifax image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:52 AM
. The annual rate of house price growth is continuing to slow, according to the UK's biggest mortgage lender, the Halifax. ...
Santander rescues rival Banco Popular from collapse image
Source : BBC [Read Article] Wednesday 7th of June 2017 06:32:55 AM
....In Spain, banks had so much risky debt it worried investors buying sovereign wealth bonds, making borrowing by the country more expensive. Government ministers were eventually forced to borrow 41bn euros to prop up its lenders and reassure investors. ...
Advertisers should follow Vodafone's lead after Facebook and Google failures | Nils Pratley image
....Shawbrook is the challenger bank that has been a challenging investment at times for its shareholders. Floated at 290p in 2015, the shares fell as low at 130p a year ago after the referendum result – Brexit was deemed by the market to be unhelpful for UK buy-to-let lenders. ...
Peer-to-peer lending promised 6%, but I’ve been left red-faced and in the red image
. When James Patterson invested £1,000 in the peer-to-peer (P2P) lender Funding Circle back in 2015, his hope was that his money would grow a bit faster than the pitiful rates of interest offered by his bank. ...
Greece approves $8bn Chinese-backed resort project outside Athens image
Source : Guardian [Read Article] Friday 2nd of June 2017 06:57:42 PM
.... Before securing any building permits, it will also need the country’s archaeological authorities to say whether the site includes protected antiquities. Under a deal with its EU/IMF lenders, Athens needs to speed up the Hellenikon investment and address any forestry and archaeological issues. ...
Rise in housebuilding boosts construction sector in May image
Source : BBC [Read Article] Friday 2nd of June 2017 11:39:01 AM
....". The data contrasts with reports earlier this week suggesting greater caution by homebuyers and lenders. ...
House price WARNING: Values fall for third month in worst performance since 2009 image
....2 per cent last month, taking annual growth to just 2. 1 per cent, as measured by lender Nationwide. ...
UK house prices fall for third month in a row for first time since financial crisis image
....He noted real incomes were under pressure as inflation had overtaken wage growth, although the number in work continued to rise at a healthy pace and the unemployment rate hit a 42-year low in the three months to March. The UK’s other main house price index, from mortgage lender Halifax, is also on a downward trend. ...
Is a 10% deposit enough to get a mortgage on a new-build house? image
Source : Guardian [Read Article] Thursday 1st of June 2017 06:00:47 AM
....By the time we are due to apply for a mortgage we reckon we would have saved enough to put down a cash deposit of 10% of the value of the property. However, we have been advised to look into the 20% help-to-buy scheme due to some lenders not offering mortgages for new-builds where there is only a 10% deposit. ...
Ireland set to sell 25% of Allied Irish Banks image
Source : BBC [Read Article] Wednesday 31st of May 2017 10:46:21 AM
....2% last year, outstripping all 18 other eurozone countries. AIB is biggest mortgage lender in Ireland, with a 36% share. ...
Mortgage approvals at seven-month low image
Source : BBC [Read Article] Wednesday 31st of May 2017 10:05:22 AM
....There were 64,645 mortgage approvals for house purchases in April, the Bank of England said, a 2% fall on the previous month. Mortgage lenders have told of a fall in demand, despite the low rates on offer. ...
Greece warns recovery threatened if debt deal is blocked at next talks image
....With £7. 5bn in debt repayments due in July and lenders meeting on 15 June to try and reach an agreement after failing last month, Euclid Tsakalotos made an urgent appeal for clarity on Monday. ...
Sandbanks and Salcombe top UK seaside property league image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:01:20 AM
.... Next in price is the sailing hotspot of Salcombe, further along the south coast in Devon, where a house will set you back £618,000. The data from mortgage lender Halifax showed, however, that the price of a sea view still lags behind the wider UK housing market. ...
We will all pay the price for our financial illiteracy image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
....What do we do about the fact that around one in five of our fellow citizens are in this situation? Do we, as I see so often in “below the line” comments, accept that when people are parted with their life savings, it’s a tax on stupidity? No, we don’t. Modern finance enables rip-offs to happen at light speed, with the bottom 20% specifically targeted (I’m thinking payday lenders here). ...
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
. Peer-to-peer lender Zopa is set to launch an 'innovative finance' ISA from June 15, which for the first time allows investors to shelter returns in the sector from the taxman. ...
New payday loan regulations come into force image
Source : BBC [Read Article] Thursday 25th of May 2017 11:07:20 PM
. New payday loan regulations come into force on Friday, requiring all online lenders to advertise on at least one price comparison website. ...
RBS shareholders refuse to settle in effort to force Goodwin to take stand image
....A group of “diehard” shareholders determined to see the former Royal Bank of Scotland chief executive Fred Goodwin in court are refusing to accept a settlement in their £700m legal claim against the bank. The state-backed lender has offered about £200m, or 82p per share held by investors, in an attempt to avoid a case that would see Goodwin take the stand on either 8 or 9 June. ...
EU roaming charges banned from June, plus the rogue buyers exploiting eBay image
....TUC urges government to help boost pay as debt nears record levels. John Lewis-backed credit union bids to fend off payday lenders. ...
Housing market moving sideways, lenders say image
Source : BBC [Read Article] Thursday 25th of May 2017 10:28:25 AM
. The UK housing market appears to be 'moving sideways' mortgage lenders have said, as latest figures show a drop in borrowing. ...
What's the best way of paying off my interest-only mortgage? image
Source : Guardian [Read Article] Thursday 25th of May 2017 06:00:21 AM
.... The balance outstanding is £139,000. The lender has informed me that I have five years left to settle this balance and that I need to discuss my options for repaying the mortgage. ...
Nationwide profits drop 18% as it shields savers from interest rate cuts image
....Competition in the mortgage market also dented profits. Nationwide is the UK’s second-largest mortgage lender and while its total mortgage lending rose 3%, its buy-to-let lending fell by 36% after last year’s move to toughen the terms on which it would lend to landlords. ...
John Lewis-backed credit union bids to fend off payday lenders image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 06:30:45 AM
. John Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers “avoid the clutches” of payday lenders. ...
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. ...
Average asking price for homes in UK hits record high of £317,000 image
Source : Guardian [Read Article] Monday 22nd of May 2017 05:01:14 AM
.... UK workers are already suffering from falling real wages, as prices rise at a faster rate than pay. “It remains to be seen how much momentum may drop away in the second half of the year with stretched affordability a problem for potential buyers, though competition among lenders who are keen to lend will help some to push their budgets higher,” Shipside said. ...
Church of England fund sees 'stellar' returns image
Source : BBC [Read Article] Sunday 21st of May 2017 06:34:39 PM
....". The Church's ethical investment policy dictates that all investments should be compatible with Christian values and "recommends against investment" in companies which make more than 3% of their income from pornography, 10% from military products and services, or 25% from other industries such as gambling, alcohol and high interest rate lenders. ...
Church of England made stunning 17% return on investments in 2016 image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:08:44 PM
....In 2012, it sold its shares in Rupert Murdoch’s media group after the phone-hacking scandal. However, the following year the church’s pension fund was found to have taken an indirect stake in controversial payday lender Wonga, while it has also invested in areas of finance that many view as contentious such as hedge funds. ...
Greece adopts more austerity measures in bailout bid image
Source : BBC [Read Article] Thursday 18th of May 2017 10:22:53 PM
....3bn) loan plus debt relief. Speaking after the vote, Prime Minister Alexis Tsipras said Greece had met its commitments on reforms and now expected lenders to agree to debt relief. ...
British shoppers go on spring spree – but the outlook may be chillier | Larry Elliott image
.... Competition in the mortgage industry means that people are coming off SVRs albeit at a slow rate. But lenders that are charging what are effectively rip-off mortgage rates have received more than £100bn in cut-price funding from the Bank of England in recent years. ...
Buy-to-let slump after stamp duty change image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:25 AM
....However, first-time buyers still face significant challenges, not least strict affordability rules and a requirement to find thousands of pounds for a deposit. Despite competition between lenders pushing down mortgage rates to record lows, existing owners are also facing pressures from rising clothing and energy prices. ...
Greeks walk out in general strike over cuts image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:32:45 AM
....Industrial action began on Tuesday but was ramped up nationally by members of the big trade unions. Thousands of people stopped work on Wednesday and marched through Athens to demonstrate over the measures being demanded by international lenders. ...
Share sale returns Lloyds to private sector image
Source : BBC [Read Article] Tuesday 16th of May 2017 04:54:38 PM
....The bank recently posted a ninth consecutive year in the red, with losses of £7bn, bringing total losses since the bailout to £58bn. The lender still faces £5. ...
Greek economy sinks back into recession image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:01:53 AM
.... . Greece is still struggling to secure a new bailout from international lenders. ...
House prices in UK shift to lower gear image
Source : BBC [Read Article] Tuesday 16th of May 2017 10:33:40 AM
.... . "Across the rest of the UK, house price growth looks set to remain dampened by sluggish growth in wages and the loan-to-income limits imposed on lenders. ...
Leasehold now the No 1 concern for UK homeowners, study finds image
Source : Guardian [Read Article] Tuesday 16th of May 2017 05:01:05 AM
.... It was introduced in the UK in 2002 but has been a “massive disappointment”, according to Higgins. Mortgage lenders are likely to be crucial when it comes to the future of leasehold. ...
Debt fears grow as county court judgments soar by 35% image
Source : Guardian [Read Article] Monday 15th of May 2017 05:07:52 PM
....The chief executive of Citizens Advice, Gillian Guy, said CCJs “can cause lasting damage to people’s credit rating” and it was crucial that creditors offer customers flexible ways to repay what they owe before taking court action. “As borrowing on credit cards, personal loans, and car finance continues to rise, lenders must ensure that people can afford to pay back what they borrow. ...
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
....2% – but that does not mean they will be completely excluded from the benefits of competition. “Now there are a lot of lenders who offer mortgages to those with only a 5% deposit, but there is more choice and at much lower rates for those with a 10% or larger deposit,” says Boulger. ...
No1 Seedr? Andy Murray backs more UK startups image
Source : Guardian [Read Article] Monday 15th of May 2017 05:01:36 AM
....”. Murray is also pumping money into peer-to-peer lender Landbay for the second time by exercising pre-emptive rights in the firm’s latest equity round. ...
How to build your grand design for a humble price image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
....5% at present, according to Raymond Connor, chief executive of the broker BuildStore. Virgin Money will become the first big lender to enter the market later this year. ...
Buy-to-let landlords suffering tax increases plan to raise rents  image
Source : Daily Express [Read Article] Saturday 13th of May 2017 05:27:00 PM
.... But it’s the economy and tenants that could end up paying the price. More than a third of landlords are desperately looking to cut costs, while a fifth will pass on the increases to tenants, according to a study by mortgage lender Kent Reliance. ...
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. Yet, almost two in five people have not changed lender in the last five years, and more than one in 10 have never switched provider, according to research by broker Habito and YouGov. ...
Number of second charge mortgages leaps to nine-year high image
Source : Guardian [Read Article] Friday 12th of May 2017 03:10:13 PM
....A second charge is a loan that allows people to use any equity they have in their home as security and effectively sits on top of an existing mortgage. It is usually obtained from a separate lender and if someone takes one out, it means they will have two mortgages on their home. ...
Car finance deals soar to new record image
Source : BBC [Read Article] Friday 12th of May 2017 10:21:27 AM
....The Bank's worry is in relation to levels of consumer borrowing. However Adrian Dally, head of motor finance at the FLA, said lenders were behaving responsibly. ...
Is it better to borrow money for a foreign property from home or overseas? image
Source : Daily Express [Read Article] Friday 12th of May 2017 12:00:00 AM
....There are benefits and risks to both options, so it is worth taking the time to understand each choice carefully so that you do not get caught out. In terms of ease of access, you are likely to find it easier to get financing in the UK, as you will have a history of domestic payments and borrowing to help a lender assess your ability to repay the loan. ...
Lloyds chief says taxpayer to make £500m on bank rescue image
Source : BBC [Read Article] Thursday 11th of May 2017 04:26:56 PM
.... . Mr Horta-Osorio described 2016 as a "significant year" for Lloyds during which the government substantially reduced its shareholding in the lender. ...
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
....uk, said: "With rates hitting the lowest on record and with nowhere else to go but up, mortgage providers are looking for other ways to attract borrowers - and cashback is just another weapon in their arsenal. “This cashback war is highly targeted towards first-time buyers who have little cash to spare after paying their initial deposit, and it is an easy way for lenders to increase their lending to this more risky group. ...
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
...."London and the southeast have more properties in this price bracket so the incidence of down valuations is higher in this part of the country. "Sales are falling through if a buyer is at the limit of their borrowing capacity and loan-to-value with a lender. ...
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. ...
Co-op Bank investors braced for losses as it tries to raise £750m image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:31:56 PM
. Bondholders in the Co-operative Bank are braced to take losses as the troubled lender scrambles to find £750m to boost its financial strength. ...
China's Alipay takes on Apple in US expansion image
Source : BBC [Read Article] Tuesday 9th of May 2017 07:30:05 AM
.... . In February, Apple teamed up with China's state-owned bankcard association, China Union Pay, allowing the lender's cardholders to use ApplePay. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
.... A steep rise in car loan arrears and repossessions is already fuelling concern about another crash in the US. Doomsayers predict a tipping point will be reached when car companies and lenders are laden with unsold cars and consumer debts that cannot be repaid. ...

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