According to Lloyds TSB research, consumers are worried that the base rate will rise from its current 4.5 per cent in the near future, pushing up the amount many will have to repay on loans. “It is not what rates…

Figures from the Council of Mortgage Lenders (CML) show that the non-conforming market is growing at six times the speed of the regular market. As large debt levels force people to look for alternatives to traditional mortgage options, the non-conforming…

The bank’s monetary policy committee (MPC) voted to keep the base rate at 4.5 per cent rather than raising it as feared, which would have increased the amount people would repay on loans. Last month Bank of England governor Mervyn…

On top of year-on-year growth in customers, there was also a one per cent rise in the volume of credit being taken out by borrowers. The home credit market is currently under investigation from the Competition Commission after the National…

According to AFX News, the committee said that debt among Britons was a “cause for concern” and that it was often the case that a “highly pressured marketing environment” was forcing lenders to target borrowers with insufficient explanation of financial…

The cashback offer has the potential of cutting an APR from 6.9 per cent to a far more impressive 5.3 per cent. But, according to Nick White, uSwitch’s head of personal finance, the fact that the cashback is only paid…

A study for Ernst & Young has concluded that the average household has ten per cent less disposable income than in 2001 due to rising debt, bills and taxes. “Increases in average mortgage payments, coupled with rising fuel prices and…

As part of the bank’s bid to encourage responsible borrowing, anyone repaying their loan in full by the due date will receive 25 per cent of the interest paid back, regardless of loan size. Joe Garner, head of UK personal…