Archive for the ‘UK Loans Rates’ Category
UK interest rates remain on hold at record low of 0.5%
UK interest rates have been held at a record low of 0.5% by the Bank of England’s Monetary Policy Committee.Bank of England UK interest rates have now been held at 0.5% for more than two and a half years Worries about the strength of the economic recovery meant that economists had expected rates to remain [...]
November 24, 2011
Tags: bank lending, Bank of England, Credit Crunch, Interest Rates, UK loans rates, uk recession Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, UK Loans Rates, Uncategorized 
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Office of Fair Trading may shut Yes Loans
The Office of Fair Trading (OFT) is taking steps to close down a company which claims to process thousands of loan applications a week.The OFT will not say why it is “minded to revoke” its licence. An independent OFT adjudicator will make the final decision, which is subject to appeal. The company says it is [...]
November 9, 2011
Tags: bank lending, bankers, banks, borrowing, Credit Crunch, Loan calculator, personal loans, sub prime loans Posted in: Bank Lending, Bankers, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Loans Rates, Sub Prime Loans, UK Loans Rates, Uncategorized No Comments
UK economy at dangerous junction warns Item Club
The UK economy has stalled at a dangerous junction, according to independent forecaster Ernst and Young.The body, whose Item Club uses the same forecasting methods as the government, says the economy needs new growth measures to get back on track. It says uncertainty across the eurozone and a slowing world economy is undermining business confidence. [...]
October 19, 2011
Tags: bank lending, Bank of England, bankers, Credit Crunch, Loan calculator, loans, loans rates, UK loans rates Posted in: Bank of England, Bankers, Banks, Credit Crunch, Debt Management, Financial Services, Loans Calculators, UK Loans Rates, Uncategorized No Comments
UK financial firms downgraded by Moody’s credit rating agency
Moody’s has downgraded the credit rating of 12 UK financial firms including Lloyds TSB, RBS, Nationwide and Santander UK.Moody’s said it now believed the UK government was less likely to support some firms if they got into trouble. However, the firm emphasised that the downgrades did not “reflect a deterioration in the financial strength of [...]
October 14, 2011
Tags: bank lending, bankers, banks, borrowing, Credit Crunch, Loan calculator, loans Posted in: Bank Lending, Bankers, Borrowing Costs, Business Finance, Credit Crunch, Debt Consolidation, Finance, Independent Finance, Lenders, Loans Calculators, Online Banking, UK Loans Rates, Uncategorized No Comments
Bank of England injects further £75 billion into UK economy
The Bank of England has said it will inject a further £75 billion into the economy through quantitative easing (QE).The Bank has already pumped £200 billion into the economy by buying assets such as government bonds, in an attempt to boost lending by commercial banks. But this is the first time it has added to [...]
October 12, 2011
Tags: bank lending, Bank of England, bankers, borrowing, consolidate debt loans, debt management plans, Quantitative Easing, UK loans rates Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Finance, Interest Rates, Lenders, UK Loans Rates, Uncategorized No Comments
Trading Standards confiscates cash after complaints from loan firm
Trading Standards is taking consultancy payments from a firm which is also the subject of customer complaints.West Yorkshire Trading Standards (WYTS) received payments from online loans broker SGE Loans in exchange for regulatory advice. But some customers claim that SGE Loans has debited their bank accounts without consent – a claim SGE Loans denies. WYTS [...]
October 10, 2011
Tags: bad debts, borrowing, consolidate debt loans, Credit Crunch, finances, Interest Rates, Loan calculator, loans, refinancing rates, sub prime loans Posted in: Borrowing Costs, Business Finance, Credit Crunch, Debt Management, Finance, Financial Services, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Debt management firms closed down by finance watchdog
The Office of Fair Trading has cancelled the licences of 62 debt management firms in the past year, after a crackdown on rogue operators.Some fee charging firms have been criticised for misleading customers about their charges and for giving incompetent advice. Others have been told to stop cold calling customers, or stop pretending to be [...]
October 5, 2011
Tags: bad debts, bank lending, bankers, consolidate debt loans, Debt Consolidation, debt management plans, finances, Loan calculator, Office Fair Trading, sub prime loans, UK loans rates Posted in: Borrowing Costs, Business Finance, Credit Crunch, Debt Consolidation, Debt Management, Finance, Financial Services, Lenders, Loans Calculators, Loans Rates, Online Banking, UK Loans Rates, Uncategorized No Comments
Bank of England member calls for credit boost
Adam Posen, a member of the Bank of England’s interest rate-setting committee, has said the UK economy needs an instant credit boost.In a speech, he said the Bank should help the government to set up and fund a new bank to boost lending to small and medium-sized businesses. Mr Posen is the only Monetary Policy [...]
September 30, 2011
Tags: bank lending, Bank of England, bankers, banks, Credit Crunch, debt management plans, Quantitative Easing, recession, refinancing rates, UK loans rates, uk recession Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Sovereign Debt, UK Loans Rates, Uncategorized, Unemployment No Comments
Consumers cautious on debt warn bankers
Consumers adopted a cautious approach to borrowing through loans, overdrafts and on credit cards in August according to the major bankers.Repayments on unsecured lending outstripped new borrowing in August by around £100m, figures from the British Bankers’ Association (BBA) showed. The data does reveal a lift in lending in home loans. However, lending remains subdued [...]
September 28, 2011
Tags: bank lending, bankers, banks, home loans, Loan calculator, loans rates Posted in: Bankers, Banks, Finance, Financial Services, Home Loans, Lenders, Loans Calculators, Loans Rates, UK Loans Rates, Uncategorized No Comments
Clydesdale and Yorkshire banks focus on bad debts
The Clydesdale and Yorkshire banks have warned that the credit crunch is making bad and doubtful debts a key focus.A trading update from the lenders said UK operations would retain a “conservative and prudent” approach in response to renewed economic turmoil. They also said they had achieved a two year target for gross lending of [...]
August 30, 2011
Tags: bad debts, bank lending, bankers, banks, consolidate debt loans, Credit Crunch, Loan calculator, UK loans rates Posted in: Bankers, Banks, Credit Crunch, Financial Services, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
