The Treasury Select Committee has been called upon by the managing director of a price comparison site to work at increasing transparency in the credit search market, following research by the company revealing consumer ignorance of industry operations. Toby Van…

New proposals have been set out by the government to help regulate the credit industry so as to ensure that consumers are better protected and treated fairly. A consultation document to that effect has been published today (October 27th), detailing…

Borrowers have been offered a new range of offset mortgage products by Leeds Building Society, starting from 5.49 per cent. Director of sales and marketing Kim Rebecchi remarked that offsetting can help debtors save money on their mortgages, which allows…

Increased mortgage lending is being seen among the main high street banks, with the number of loans being approved for homeowner purchases climbing back to the levels recorded at the end of 2007, the British Bankers’ Association has revealed. Statistics…

Halifax and Bank of Scotland (HBOS) have increased their arranged overdraft charges for some customers, which will come into effect on December 6th – a move that could prove disastrous for many debtors. Those struggling with debt management and holding…

The Treasury Select Committee has launched an investigation to ascertain whether debtors are being disadvantaged by credit checks in terms of obtaining cards and loan deals. Experian, Equifax and Callcredit are to be questioned by MPs as to how credit…

Consumer watchdog Which? has responded to the recently-announced decision by the Financial Services Authority (FSA) to more strongly regulate the mortgage market so as to improve services for debtors, saying that “tougher measures” would be welcomed. Peter Vicary-Smith, chief executive…

Borrowers in the UK are to benefit from proposed revisions to the mortgage market by the Financial Services Authority (FSA), which will see affordability tests imposed on all mortgages to make lenders responsible for verifying an individual’s ability to pay.…