Lack of trust in the financial sector and the quality of the products on offer are leading to an increase in supermarket lending, an expert has said. Head of personal finance at lovemoney.com Ed Bowsher noted that services provided by…

Borrowers looking for cheaper deals on personal loan rates may be disappointed if they were considering going to Nationwide, as the building society is increasing its rate from 7.7 per cent to 7.9 per cent as of tomorrow (October 7th).…

Lloyds has set up a programme intended to help the owners of small to medium-sized enterprises (SMEs) protect themselves against bad debts, in light of predictions warning that insolvencies are to reach record highs. Managing director of the company’s commercial…

Although the consumer credit market appears to be stabilising, borrowers could be offered fewer choices if new regulations negatively affect creditors, statistics released by the Finance & Leasing Association (FLA) have revealed. New contraction rates are showing signs of evening…

Debtors struggling with mortgage arrears are to be offered assistance in the form of tighter regulations on court action from lenders regarding repossessions. Housing minister John Healey, who has also advised council leaders to offer practical support to residents fighting…

Borrowers are neglecting to take out certain mortgages as a result of creditors failing to reduce their fixed rates, it has been suggested. According to Peter Cowell, mortgage broker at Click n go Mortgages, lenders could be much more supportive…

The lack of transparency in the working practices of financial institutions has been criticised by consumer champion Which? as it does not allow customers the opportunity to compare accounts and choose those most suitable – which could perhaps put them…