Interest rates could potentially be lowered as early as November, according to the Council of Mortgage Lenders (CML). Commenting on the recent bankruptcy of US firm Lehman Brothers, the bailout of Freddie Mac and Fannie Mae and a number of…
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Halifax Bank of Scotland (HBOS) is to be taken over by Lloyds TSB in a £12.2 billion rescue deal. In a move that could impact those who have loans, savings or mortgages with the firms, they will merge in a…
Nine out of the 12 leading mortgage lenders in the UK have recently slashed rates, yet debt-laden people may still be missing out on the savings, it has been claimed. Head of mortgages at Moneysupermarket Louise Cuming said that while…
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There has been an increase in longer debt transfer deals, an industry analyst has claimed. Michelle Slade from Moneyfacts said that the amount of zero per cent credit card deals available for over 12 months has risen by 11.4 per…
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The Citizen’s Advice service has welcomed measures announced by the government that could help people avoid repossession. Chief executive David Harker claimed that the reforms may be an effective way of keeping families in their homes, when unexpected events such…
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A lack of confidence and increased confusion can lead to borrowers ending up with more mortgage debt, a new survey has claimed. Cheltenham & Gloucester has released a study that says people are paying higher rates due to worries or…
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Many British consumers may enjoy the idea of getting rewards for their spending, but Sainsbury’s Bank has said few people are actually taking advantage of reward schemes. According to the research, more credit cards now offer a reward scheme, with…
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People looking for a consolidation loan to clear debt may be in for a shock this month, following reports that rates have hit their highest levels in six years. Moneyfacts’ study of personal loan rates found the cheapest deal on…
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