Are banks, building societies and other lenders ripping people off by charging over the odds for loans and mortgages? Figures out this week suggest they’re doing just that with margins – the difference between the cost of a loan and the charge the lender makes – at all-time highs.
Unsecured personal loan rates have soared by [...]
Posts Tagged ‘UK Finance’
No more cheap loans
August 31st, 2009 by Financial Writer
Tags: cheap loans, mortgages, uk banks, UK Finance
more...Awful economic data dash recovery hopes
July 24th, 2009 by Financial Writer
Hopes of an imminent recovery for the recession-hit UK economy were dashed today by figures showing it is in deeper trouble than was thought.
Figures from the Office for National Statistics showed that GDP shrank at a rate of 0.8% between April and June, far faster than the 0.3% economists had been expecting.
This fifth successive quarter [...]
Tags: uk economy, UK Finance
Mortgage lending for house purchases rises 16%
June 11th, 2009 by Financial Writer
A total of 35,600 loans were advanced to people for house purchase during the month, the highest level since October last year, according to the Council of Mortgage Lenders.
The upturn builds on a recent run on positive data on the housing market, as buyers are tempted [...]
Tags: loans, mortgage lenders, mortgage lending, UK Finance