Hundreds of thousands of people still on breaks from their mortgages and unsecured debts face a potential ‘lender lottery’ from next month as blanket protections are removed. Banking body UK Finance said financially vulnerable people benefiting from 323,700 payment holidays across mortgages, credit cards and personal loans will be offered help ‘tailored to their individual … Read more
Borrowers urged to move debt to a new balance transfer credit card before best deals disappear By Amelia Murray For The Daily Mail Published: 22:00 BST, 13 October 2020 | Updated: 22:00 BST, 13 October 2020 Borrowers are being urged to move debt to a new balance transfer credit card before the best deals disappear. … Read more
Homeowners could find it almost impossible to find new mortgage if they have only a small amount of equity in homes when their current deal ends By Sarah Bridge, Financial Mail on Sunday Published: 21:52 BST, 26 September 2020 | Updated: 21:52 BST, 26 September 2020 Homeowners could find it almost impossible to find a … Read more
Borrowers hoping to cheaply combine their debts on one credit card could struggle to find a provider By Daily Mail City & Finance Reporter Published: 22:09 BST, 24 August 2020 | Updated: 22:34 BST, 24 August 2020 Borrowers hoping to cheaply combine their debts on one credit card could struggle to find a provider. The … Read more
HSBC hits flathunters with loans clampdown: Bank set to insist on a 15% deposit – or 20% if buying a new-build By Victoria Bischoff Money Mail Editor For The Daily Mail Published: 21:50 BST, 13 August 2020 | Updated: 21:50 BST, 13 August 2020 HSBC is clamping down on how much it will loan to … Read more
Households get their finances into shape over lockdown: Experian finds customers cleared nearly £2,000 of debt each between March and June The reference agency said those with £30,000 or more in debt fell by a third Non-mortgage borrowing fell by £1,934 among its Credit Expert subscribers The data backs up official figures which has found … Read more
A staggering eight in 10 borrowers over 55 who expect to be able to renew their mortgage are being turned down by mortgage lenders, This is Money can reveal. A study carried out by broker Retirement Mortgage Service over the past year found that more than 30,000 retired borrowers got in touch with their advisers, with … Read more
Payday loan firms lure borrowers into debt with pictures of exotic holidays, City watchdog warns Payday loan firms were accused of ‘normalising’ of 1000 per cent interest loans The Financial Conduct Authority said firms are enticing customers to borrow It added it is too quick and easy to get these loans that people cannot afford … Read more
Hundreds of thousands of customers of Barclays and Santander have taken payment holidays on credit cards, personal loans and mortgages, the banks revealed in results today. At the same time, official figures from the Bank of England show households have cleared billions of pounds of debt over the last few months. Britain’s third-largest mortgage lender … Read more
Hundreds of thousands of customers of Barclays and Santander have taken payment holidays on credit cards, personal loans and mortgages, the banks revealed in results today. At the same time, official figures from the Bank of England show households have cleared billions of pounds of debt over the last few months. Britain’s third-largest mortgage lender … Read more