Posts Tagged ‘loans’

Number of remortgage loans fall 21% year-on-year to 23,505

Tuesday, November 25th, 2014

The lowest amount ever recorded in the month of October

• Value of remortgage loans also drops by a fifth to £3.5bn, the lowest amount since June 2013 and the worst October since 2010
• Average remortgage loan amount dropped to £149,715, the lowest amount in a year (more…)

Unlock Your Garage to Unlock Finance – Supercars and Vintage Cars Used for Loans

Monday, October 13th, 2014

• Ferrari, Bentley, Aston Martin, Porsche, McLaren and Lamborghini owners all using their cars as collateral for loans with Borro

• £1.8 million lent against vintage cars since launch

• £140,000 loan issued against a Ferrari GTB 4 and £110,000 against a McLaren SLR Roadster (more…)

The Rise in Loans From Luxury

Wednesday, October 1st, 2014

• Borro lends against super value Hermes handbags

• Average handbag loan is £9,000

• £210,000 loaned against designer handbags since December 2013 (more…)

6 Things to Consider Before Applying for Debt Consolidation

Monday, August 18th, 2014

For a great many people who happen to be in financial difficulty, debt consolidation might seem to make perfect sense. (more…)

Banks cutting SME overdrafts far faster than loans

Monday, June 2nd, 2014

• Overdrafts fall 23% in two years, while loans slide just 9%

• ‘Hidden credit crunch’ still ongoing for SMEs

Banks are cutting small business overdrafts much more sharply than traditional bank loans (more…)

Metro Bank Launches Professional Studies Loan

Tuesday, March 25th, 2014

Metro Bank, the revolutionary high street bank, has announced the launch of its new Professional Studies Loan Scheme to provide financial support for post-graduate study. The new scheme will initially be available to students at The University of Law (more…)

Small Amount Loans: How to Leverage This Financial Fix

Saturday, March 15th, 2014

You need money right now, but pay day isn’t for another few days. Wait – you can get a small amount loan, right? Yes, but the fees and interest are horrendous, aren’t they? In a way, small amount loans, called payday loans, are one of the worst types of loans you could get yourself into (more…)

Is Peer to Peer Lending a Viable Alternative to the Banks?

Monday, March 3rd, 2014

The continuing reluctance of banks and traditional financial institutions to lend to cash-starved small businesses and consumers has undoubtedly slowed the country’s economic recovery. However, the emergence in recent years of the innovative alternative finance sector (more…)

Secured vs Unsecured Loans: All About Borrowing Money

Friday, February 21st, 2014

There are many aspects to consider when trying to decide which is the best loan for you and it is not just about finding the best rate or lowest monthly repayment, although these are of course important considerations. (more…)

Chelsea and Fulham MP Puts His Money Where His Mouth Is

Friday, December 13th, 2013

Chelsea and Fulham MP Greg Hands has signed up to his local credit union which has vowed to fight loan sharks on the doorstep.

The deputy chief whip became a member of YourCU during a visit to a pop-up session of the union (more…)

Labour would hit payday lenders says Miliband

Thursday, October 17th, 2013

If in power the Labour Party would hit payday lenders with taxes that would then be used to help alternatives such as credit unions says Ed Miliband. (more…)

Time To Clean Up Credit

Monday, October 14th, 2013

Which? is today launching a new campaign to clean up the entire credit market after new Which? research finds that other forms of credit can be as expensive as payday loans. (more…)