The level of consumer credit activity around the UK was “subdued” last month, according to the British Bankers’ Association’s (BBA) assessment of its own statistics. According to the latest data, an additional £400 million was borrowed by consumers around the…
MoneyExpert.com has warned UK consumers that they could face significantly high fees for switching their credit card debts from one provider to another. According to the price comparison firm, the numbers of deals that allow consumers to switch their providers…
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A full-blown recession for the UK’s economy in the coming months is a “remote risk”, according to the assessment of one expert. Andrew Sentance, a member of the Bank of England’s interest rate setting monetary policy committee, is convinced that…
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Mortgage providers are looking to avoid any “additional risks” and have all pulled out of the 125 per cent loan-to-value (LTV) market, according to a new report. Since the advent of the so-called credit crunch, companies have been increasingly reluctant…
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Living a single life can be beneficial for your bank balance, according to recent research carried out by Fool.co.uk. The price comparison company has discovered that people who are not in a relationship tend to pay almost £220 less to…
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Many of the UK’s leading mortgage lenders have announced their intention to reduce the interest levels on their standard variable rate (SVR) deals, according to a report from Moneyfacts.co.uk. The price comparison firm has made clear that 57 lenders around…
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With millions of British consumers struggling to find a debt solution, recent research has found that they are increasingly having to raid their own savings to solve their financial issues. The latest figures from Birmingham Midshires have shown that more…
The base rate of interest in the UK will fall further over the course of the next few months, one expert has asserted. Howard Archer, chief UK and European economist at Global Insight, has predicted that the headline cost of…
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