Topic filter : Lender

Most trending topics in Business & Finance ( last 24 hours ):
Contract Apprentice Poundland Smartphone Apple Samsung Nokia Stock Market Amazon Retailer Market Value Donald Trump Brexit Earning Car Market New Model Loss Inheritance Inheritance Tax Farming Supermarket High Street Sales Growth Intel Education Pension Retirement Retire B&Q Inflation Price Cut Asda Financial Crisis Investor Deposit Technology Twitter Spotify

Socially Most Trending News

....Robin Melvin, head of innovation at EDF, says about 50 households have signed up for the trial and that he is looking for another 50 to join, at which point its success will be evaluated. He says users should not have a problem with their mortgage company – previously an issue with free solar installations – as the package is compliant with Council of Mortgage Lenders guidelines and big lenders are on board with the deal. ... [Read full article on Guardian ]
Saturday 12th of August 2017 06:00:37 AM
Total Trend count
749
Most trending on :
744 5
....Britain’s housing market has hit the buffers as political uncertainty, stamp duty changes and squeezed household incomes all dampen buyer demand. Over the past week, Britain’s biggest mortgage lender, Halifax, said that annual house price growth had slowed to the weakest rate in four years and the official surveyors’ body said that activity was back to 2011 levels in some parts of the UK. ... [Read full article on Guardian ]
Saturday 12th of August 2017 03:00:48 PM
Total Trend count
34
Most trending on :
26 8
....9 million people in severe financial difficulty and 9 million are “teetering on the edge”. The growing problem has led the Bank of England to warn lenders that they face action against reckless practices over what was described as a “spiral of complacency” by Alex Brasier, the bank director for financial stability. ... [Read full article on Guardian ]
Monday 14th of August 2017 06:00:35 AM
Total Trend count
16
Most trending on :
15 1
....uk. The difference adds £169 a year to the cost of a £200,000 mortgage, as lenders slowly raise rates. ... [Read full article on Daily Express ]
Monday 14th of August 2017 03:44:00 PM
Total Trend count
6
Most trending on :
6
....Garner said the public had become less optimistic about the economy. “It will be important for lenders to carefully balance credit supply with affordability as we seek to support the long-term interests of consumers in a responsible way through any potential economic slowdown ahead,” he added. ... [Read full article on Guardian ]
Friday 11th of August 2017 04:06:30 PM
Total Trend count
2
Most trending on :
2

Latest Finance News related to Lender

Mortgage rates are rising and time is running out to fix prices, borrowers told image
....uk. The difference adds £169 a year to the cost of a £200,000 mortgage, as lenders slowly raise rates. ...
The UK debt tide is rising – how can you avoid drowning? image
Source : Guardian [Read Article] Monday 14th of August 2017 06:00:35 AM
....9 million people in severe financial difficulty and 9 million are “teetering on the edge”. The growing problem has led the Bank of England to warn lenders that they face action against reckless practices over what was described as a “spiral of complacency” by Alex Brasier, the bank director for financial stability. ...
Boom or bust: what’s the truth about UK house prices? image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
....Britain’s housing market has hit the buffers as political uncertainty, stamp duty changes and squeezed household incomes all dampen buyer demand. Over the past week, Britain’s biggest mortgage lender, Halifax, said that annual house price growth had slowed to the weakest rate in four years and the official surveyors’ body said that activity was back to 2011 levels in some parts of the UK. ...
Should homeowners warm to EDF Energy’s free solar panel system? image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
....Robin Melvin, head of innovation at EDF, says about 50 households have signed up for the trial and that he is looking for another 50 to join, at which point its success will be evaluated. He says users should not have a problem with their mortgage company – previously an issue with free solar installations – as the package is compliant with Council of Mortgage Lenders guidelines and big lenders are on board with the deal. ...
Nationwide sounds note of caution over lending in run-up to Brexit image
Source : Guardian [Read Article] Friday 11th of August 2017 04:06:30 PM
....Garner said the public had become less optimistic about the economy. “It will be important for lenders to carefully balance credit supply with affordability as we seek to support the long-term interests of consumers in a responsible way through any potential economic slowdown ahead,” he added. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
.... The architect of the triumphs and ultimate catastrophe, Andrew Grech, has gone as group managing director, while the entire board has been given its marching orders. The lenders who have taken control have required the company to clear the decks of unresolved issues, including their case against the vendors of Quindell. ...
Contactless transactions take UK debit and credit card use to record high image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:36:58 PM
....Credit card lending is one part of the consumer credit market – which includes personal and car loans – that is being closely watched by regulators. The Bank of England’s director for financial stability, Alex Brazier, recently warned lenders were “dicing with a spiral of complacency” and that lending standards “can go from responsible to reckless very quickly”. ...
Buy-to-let landlords: Five top tips that could save you THOUSANDS image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 08:30:00 AM
.... You would be surprised how many landlords buy residential home insurance. Buy-to-let lenders will insist that you have buildings insurance to cover bricks and mortar, but a comprehensive landlord insurance policy will also give you cover for contents, liability insurance in case of legal disputes with tenants and loss of rent insurance. ...
Mortgage rates will rise – so 
are you ready 
to take a hit? image
Source : Guardian [Read Article] Tuesday 8th of August 2017 04:52:17 PM
....David Blake, from Which? Mortgage Advisers, said that borrowers need to plan ahead and understand the implications of a rate rise. “For those on a lender’s standard variable rate, a rise in interest rates has the potential to have a big impact. ...
House price slowdown is excellent news – even if estate agents disagree | Nils Pratley image
....“Affordability concerns”, as the Halifax coyly puts it, are the reason why the current tepid conditions will probably continue for a while. The only obvious countering pressure is the shortage of homes on the market, which is at all-time low according to the lender. ...
Breakthrough in leasehold scandal as Countryside buys back freeholds image
Source : Guardian [Read Article] Monday 7th of August 2017 03:58:18 PM
.... We were at no point told by our original solicitor that this clause existed or would be a problem. Neither did they inform our lender (who almost certainly would have refused our mortgage application had they known). ...
House prices fall for FOURTH quarter in a row but here’s why homeowners shouldn't panic  image
....And while prices have been slowly dipping since March, values increased by 0. 4 per cent between June and July - the highest monthly rise in 2017, according to the lender. ...
UK house price rises slow to four-year low, says Halifax image
Source : Guardian [Read Article] Monday 7th of August 2017 09:54:34 AM
. Annual house price growth has slowed to the lowest rate in four years, according to Britain’s biggest mortgage lender. ...
Two pints of best and an English rosé as wine comes to the beer festival image
....The Treasury select committee published a highly critical report into her failure to disclose that her brother worked for Barclays, which is regulated by the Bank of England. A scion of one of Britain’s best-known political families, Hogg had initially told MPs that the Bank was aware of Quintin Hogg’s role at the high street lender. ...
Socially responsible retailers aim to end the ‘rent-to-own’ rip-off image
Source : Guardian [Read Article] Saturday 5th of August 2017 05:59:04 AM
....BrightHouse argues its customers typically don’t have the luxury of being able to walk into a shop and hand over £600-plus to pay for something. Other options are pricey, too: borrow £750 over 52 weeks from doorstep lender Provident Financial, say, and you would pay a total of £1,404 (a 299. ...
Cowes Week sailing extravaganza spawns a renting boom in Isle of Wight image
....”. The high living of Cowes week contrasts sharply with everyday life on the island when the regatta, which is sponsored by peer-to-peer lender Lendy, packs up and leaves town. ...
Sports Direct loses biggest independent investor image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:40:54 PM
....The report also lists a range of risks that could harm the business. Ashley is defending the business from cyber-attacks with “external penetration testing” and on Brexit he has begun “negotiations with lenders” and is monitoring “movements in customer behaviour”. ...
'It's hard to remember how fraught it was': Mark Carney on the credit crunch image
....For a period, calm did seem to return. After the seizure of the markets – which sparked the run on Northern Rock in September 2007 – the government spent the rest of the year trying to find a buyer for the ailing lender before eventually deciding there was no alternative but to take the Newcastle-based bank into public ownership in February 2008. ...
The day the credit crunch began, 10 years on: 'the world changed' image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 04:15:56 PM
.... It took the Treasury’s skeleton team almost three days to reply but when they did the name at the top of the list was Northern Rock. The man in charge of Northern Rock was Adam Applegarth, whose aggressive expansion plans for the Newcastle-based lender had made him a stock market darling. ...
House prices stabilise as number of homes on the market falls image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:13:12 PM
....But with household budgets under pressure, and wage growth failing to keep up with the cost of living, Nationwide is forecasting “subdued” housing market activity, and says prices are likely to rise by just 2% over the whole of 2017. Jonathan Samuels of property lender Octane Capital said: “Weak supply has once again ridden to the rescue of house prices. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
.... In parallel, HSBC has concentrated on organic growth, rather than chasing a quick buck via acquisitions, which was its habit in the late 1990s and early 2000s. That expansion splurge delivered a few gems, but, in the round, it was a disaster, the purchase of US subprime lender Household being the worst of the lot. ...
Credit card Britain: £1.5BN of debt racked up in ONE MONTH sparking fresh crisis fears image
....The Bank's executive director for Financial Stability Alex Brazier said: "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. ...
Unsecured consumer credit tops £200bn for first time since 2008 image
Source : Guardian [Read Article] Monday 31st of July 2017 08:55:04 AM
....As households grapple with rising living costs, charities and policymakers have raised concerns that consumers are increasingly turning to loans amid worrying signs of a return to reckless lending by the banks. Last week the Bank of England’s head of financial stability, Alex Brazier, accused lenders of “dicing with a spiral of complacency” and warned that lending standards “can go from responsible to reckless very quickly”, and that this posed a risk to the economy. ...
Should I renegotiate my offer price after survey points to problems? image
Source : Guardian [Read Article] Monday 31st of July 2017 08:51:02 AM
.... However, the seller might not want the hassle of arranging building works so the alternative would be to offer him £5,000 less than your current offer on the flat. As far as the mortgage goes, you need to talk to your lender because a change in the asking price may affect the formal mortgage offer it is prepared to make. ...
Lenders must stop stoking demand for loans: or there’ll be another firestorm image
.... The belt-tightening would be even more pronounced were it not for the willingness to load up on credit. Banks and other lenders have responded to a prolonged period of low interest rates and modest growth by making the terms for borrowers more attractive. ...
‘I wonder if it’s worth getting up’: life in Corby, the debt capital of Britain image
.... Some of the rise is down to low borrowing costs and the easy availability of credit to pay for anything from cars and weddings to everyday living costs. However, borrowing is rising faster than incomes and the Bank’s director for financial stability, Alex Brazier, warned last week that lenders who are offering cheap deals were taking the risk of sparking a fresh financial crisis. ...
Goodbye 25-year mortgages, but are we walking into a borrowing trap? image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... As the table shows, you would pay almost £33,000 more interest – ie, £81,643 instead of £48,882 – if you went for a 40-year term rather than 25, based on a £180,000 repayment mortgage at 2%. David Hollingworth at mortgage broker London & Country says many lenders will let people take out a 35-year mortgage, and a fair few – including the Halifax, Nationwide and the Newcastle, Leeds and Hanley Economic building societies – will go up to 40. ...
Graduate anger mounts over ‘nightmare’ Student Loans Company image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....Fed-up graduates have since told us of being on the receiving end of similar treatment by the SLC, which many claim is not up to the task of administering the huge sums that student loans have become. They also complain of punitive charges and the bureaucratic nightmare of dealing with the lender. ...
Lloyds to pay £300MILLION compensation to customers: Are YOU owed money? image
Source : Daily Express [Read Article] Thursday 27th of July 2017 11:28:00 AM
.... Any customers in Lloyds litigation process during this period will also have unfair litigation fees refunded, the Financial Conduct Authority (FCA) said. The lender will also offer payments for potential distress and inconvenience, and any loss that customers may have had after not being able to keep up with unsustainable repayment plans. ...
I’m trapped in my leasehold property by ever-doubling ground rent image
Source : Guardian [Read Article] Thursday 27th of July 2017 06:00:42 AM
....In the old days they tended to be a peppercorn sum paid to the owner of the land on which the property is built, but nowadays can amount to four-figure sums. Since leases can run for hundreds of years, a mechanism is needed to increase the rent throughout the term – but some builders are taking advantage of this and mortgage lenders are becoming wary of leases containing unreasonable terms. ...
Noel Edmonds increases compensation claim for HBOS fraud to £300m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:56:42 PM
....”. Edmonds has led a public campaign against the lender, which has seen him admit that he came close to taking his own life following the fraud. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
....Many can’t. They find their homes almost unsaleable, because lenders, particularly Nationwide, won’t grant mortgages against homes with onerous ground rent clauses, while conveyancing solicitors will warn prospective buyers off. ...
Quarter of personal loan applicants 'seeking half their annual salary' image
....Households in the UK are increasingly relying on borrowed money with one in four people seeking a loan applying for at least half of their annual income, according to new figures that will add to worries about Britain’s mounting personal debt burden. The latest evidence of a rise in borrowing to fund new car purchases, holidays and to help clear older debts follows a stark warning from the Bank of England that lenders offering money on easy terms risked sparking a fresh financial crisis. ...
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. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
....”. Taxing times If handing over money as a property deposit your child or grandchild’s mortgage lender may seek confirmation that it is a gift rather than a loan. ...
Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
.... America has too much retail space and too many crappy malls. “It’s much less about technology than it is about overbuilding,” says Bruce Batkin, chief executive of Terra Capital Partners, a commercial real estate lender. ...
SodaStream gets busy with the fizzy … again image
Source : Guardian [Read Article] Saturday 22nd of July 2017 08:00:33 AM
.... At that time the coveted “fizzy-drinks maker” was proudly displayed on 40% of British kitchen counters, attracting the kind of awed attention that a spiraliser could only dream off today. It was a simpler time for consumers and today SodaStream faces stiffer competition for the nation’s attention as NutriBullet fruit and veg blenders bump up against Magimixes on crowded worktops. ...
Should I cash in my endowment early to pay off my mortgage? image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:00:13 AM
.... Even if the interest rate on your mortgage jumped to 5%, you would still save £81 a month (a total of £5,832 over six years). Rather than taking out a personal loan to pay off the mortgage in full, you would be better off leaving the mortgage amount at £6,000 because even the most competitive personal loan is going to be more expensive than most mortgage lenders’ standard variable rates. ...
Peer-to-peer lender Ratesetter hit by £80m of struggling loans image
Source : Guardian [Read Article] Tuesday 18th of July 2017 07:37:39 PM
. The peer-to-peer lender Ratesetter has been hit by £80m of struggling loans in the first major setback for the nascent online lending sector. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
....The ONS uses data from the Land Registry. Its annual house price growth has slowed since mid-2016 but remains faster than the 2-3% growth reported by major mortgage lenders Halifax and Nationwide in recent months. ...
Let buyers borrow more on greener homes, urges report image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....Homebuyers could take out bigger mortgages if the energy ratings of properties were factored into the lending criteria of banks and building societies, government-funded research has found. Although estate agents are legally bound to display energy performance certificates (EPCs) in property listings, few buying decisions hinge on energy bill costs and the efficiency of a home is not considered in affordability calculations by lenders. ...
How credit score agencies have the power to make or break lives image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was turned down because he failed a credit check. When he investigated, he discovered that his bank, Lloyds, had registered a defaulted payment on his credit record and, as a result, his credit score – which lenders use to assess a customer’s credit worthiness – had plummeted. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
....Many simply do not have enough regular income to start saving into a pension. Others can struggle to get a mortgage to buy a property as lenders see their income as insecure. ...
Rise in credit card default rate adds to concerns over household finances image
....The number of people defaulting on their credit card bills and personal loans jumped in the three months to the end of June, according the Bank of England, underlining the pressure on household budgets as prices rise faster than wages. Default rates “increased significantly” between April and June, and lenders expect rates to increase further on credit card lending in the third quarter, the Bank said in its latest credit conditions survey. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....The FHFA penalty relates to the way that $32bn of mortgages were packaged up and sold as residential mortgage-backed securities (RMBS) between 2005 and 2007, when RBS was the largest non-US bank engaged in this practice. The bonds were sold to US housing agencies Fannie Mae and Freddie Mac – the linchpin of the housing market as they buy mortgages from lenders to allow them to grant more home loans – before the market collapsed during the financial crisis, leaving the buyers nursing heavy losses. ...
Lloyds Bank brings in single overdraft rate in radical shake-up image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:01:08 PM
....All existing charges for overdrafts will be abandoned in November and replaced with a single fee of 1p every day for every £7 of overdraft used. It comes ahead of moves expected by the Financial Conduct Authority to cap “extortionate” fees for unplanned overdrafts, which critics say can work out as bad as the fees charged by payday lenders. ...
Grace is 25. Her student debt: £69,000 image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:14:02 AM
.... But some experts say the system is out of control. Claire Callender, professor of higher education at Birkbeck, University of London, says: “The big issue for this government is the financial sustainability of student loans. ...
Mortgage rates: Home buyers urged to switch to record low loans 'before it's too late' image
....”Virgin Money, TSB and Skipton Building Society are among the providers that have recently cut rates, while HSBC also cut rates on tracker loans below one per cent for the first time. Ms Nelson added: “The downward trend can largely be explained by the intense competition amongst lenders looking to offer the best possible deals in the market. ...
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
. The Bank of England has issued a warning to major lenders not to repeat their antics of the years before the 2007 credit crisis when they deployed complex strategies to mask the financial risks they were running. ...
In other circumstances, we’d raise rates. But with Brexit looming, how can we? image
....Regulators are trying to keep a check on the finance industry’s worst excesses with tighter lending rules. Last week the Bank of England demanded that lenders re-examine the worst-case scenarios they use when lending to businesses and individuals, amid fears that banks are basing their decisions on a benign economic environment lasting forever. ...
The ‘sub-prime’ market is back in business image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
. The “sub-prime” mortgage sector shut down following the financial crisis in 2007-08, but brokers say more and more lenders are returning to the market – with some willing to lend to people who were bankrupt as little as a year or so ago. ...
Homebuyers desperate to know who really owns their freehold image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....Take Joanne Darbyshire, 46, and her husband Mark, 47. They bought a five-bedroom house in Bolton from Taylor Wimpey in 2010, and are among thousands of unfortunate leaseholders put on “doubling” ground rent contracts that in extreme cases have left their properties almost worthless, with mortgage lenders refusing loans to future buyers. ...
UK house price fall takes annual growth rate to slowest in four years image
....UK house prices fell unexpectedly in June, dragging the annual rate of growth to the lowest level in four years in the latest sign that consumers are shying away from major spending commitments. The average cost of a home fell by 1% over the month to £218,390 according to Halifax, one of the UK’s biggest mortgage lenders. ...
What impact is Brexit having on foreign property prices? image
Source : Daily Express [Read Article] Wednesday 5th of July 2017 04:49:00 PM
....While foreign property prices will always be affected by fluctuations in the currency market Brexit is likely to have other impacts on property prices, whether you are looking to buy or sell. Buyers looking to purchase a property in Europe may have trouble getting a mortgage from European banks in the event of a turbulent split with the EU, with lenders possibly giving Britons less favourable rates once outside union. ...
IMF warns G20 over protectionism in veiled criticism of Trump image
Source : Guardian [Read Article] Wednesday 5th of July 2017 03:38:20 PM
....The International Monetary Fund has warned leaders in the run-up to the G20 summit in Hamburg that they are putting at risk a recovery in global growth by pursuing national policies at the expense of internationally agreed rules on trade and climate change. In a barely veiled attack on the US president, Donald Trump, and his Russian counterpart, Vladimir Putin, who are expected to meet for the first time in the German city, the Washington-based lender of last resort said the “myopic pursuit of zero-sum policies” would prove damaging to all countries, including those that adopted them. ...
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
.... The result was much lower levels of consumer loan defaults. “UK lenders have written off £2. ...
Lenders told to be vigilant over loans image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:52:05 AM
.... At the end of the deal, the customer can hand it back or buy the car outright at a "guaranteed future value". However, the PRA said many lenders were setting this level very high and were exposed to a significant downturn in the used car market. ...
Bank of England steps up scrutiny of lenders image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:59:11 AM
. The Bank of England is stepping up its scrutiny of banks and other lenders on credit cards, personal loans and car purchases amid fears that growing consumer debt could rebound on the banking system. ...
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. ...
MPs and charities urge car leasers to publish sub-prime loan figures image
....In its financial stability report, the central bank, which is the main regulator for the financial services industry, said that over the past 10 years the banking sector’s total write-offs on consumer credit were 10 times higher than on mortgages, and that figure was likely to increase should the UK suffer an economic downturn. The Bank forced high street lenders to set aside an extra £11bn to protect themselves against a rise in defaults. ...
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
....Last week, the Bank of England, which has become the overarching regulator of the banking system, made a point of being tough on the banks following the publication of its latest financial stability report. It slapped a demand for more than £11bn of extra reserves on the major lenders – just in case the current economic slowdown should trigger a rise in defaults. ...
Are you about to go bust? Credit crash fears as household borrowing surges by £1.7BN image
....Policymakers now appear to be worried that the debt boom could trigger another financial crisis, after out of control lending led to the 2007 crash. The Bank of England has now ordered lenders to hold more cash to see them through an economic downturn, while borrowing requirements for customers have become stricter. ...
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. ...
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 reached 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. ...

Page rendered in 2.6176 seconds.