Home loan for LESS than 1%: Lowest rate in a year, new 95% deals for first-time buyers… Are we in for a mortgage price war? Hinckley & Rugby BS has a two-year discount variable mortgage at 0.99% Meanwhile, a raft of state-backed 95% mortgages went live on Monday Experts say the surge in offers is … Read more
Between the start of the coronavirus pandemic and the mortgage holiday cut-off date two weeks ago, hundreds of thousands of home owners applied for payment breaks each month. According to UK Finance, 2.7million people in the UK took advantage of the scheme, which allowed them to pause their mortgage payments for up to six months … Read more
Readers win £5,000 compensation five years after being mis-sold a solar panel loan By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 6 April 2021 | Updated: 22:53 BST, 6 April 2021 Compensation: Valerie and Patrick Jennings Money Mail readers Valerie and Patrick Jennings have won £5,000 compensation after being mis-sold a solar panel … Read more
Rishi Sunak launches new loan scheme with £10m business grants to kickstart economy after lockdown Firms will access loans of between £25,000 and £10million to get back on track Recovery Loan replaces a string of earlier ones including the Bounce Back loans Ministers were under pressure to reform the Bounce Back scheme after review By … Read more
Sanjeev Gupta and Greensill Capital accused of using taxpayer-backed Covid support scheme to borrow eight times the maximum allowed By Daily Mail City & Finance Reporter Published: 21:50 GMT, 14 March 2021 | Updated: 21:50 GMT, 14 March 2021 Steel tycoon Sanjeev Gupta and collapsed lender Greensill Capital have been accused of using a taxpayer-backed … Read more
Treasury pledge to fund £3.8m no-interest loan pilot for hard-up borrowers ‘a step in the right direction’ say debt charities and lenders Scheme could help those who cannot afford to pay interest on loans It is based on an Australian-style community lending scheme Initiative was proposed by previous Chancellor Philip Hammond in 2018 As many … Read more
Nearly £1.6bn in fraudulent claims against Government’s bounce back loan schemes have been prevented by lenders, stats show The British Business Bank has been administering the bounce back loan scheme Scheme was launched in May to help businesses restart after the first lockdown So far, nearly £46billion has been lent to firms under bounce back … Read more
An investment group backed by wealthy sports stars including Wayne Rooney, Ashley Cole and Sam Allardyce defaulted on a huge £4.7million bank loan – blaming money flow issues during the coronavirus pandemic. The partnership, made up of other well-known names including boxer Joe Calzaghe, former Everton boss Roberto Martinez and one-time England keeper Joe Hart, are … Read more
Loan gripes soar during the pandemic as families struggle to afford repayments By Amelia Murray For The Daily Mail Published: 22:01 GMT, 2 March 2021 | Updated: 22:01 GMT, 2 March 2021 Complaints about loans soared last year as families struggled to afford repayments in the pandemic. Guarantor loans, which are typically taken out with … Read more
German chemicals giant BASF pays directors and staff bonus worth €360m after borrowing £1bn from Bank of England By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 27 February 2021 | Updated: 21:51 GMT, 27 February 2021 German chemicals giant BASF has paid its directors and staff a bonus worth €360million (£312million) after borrowing … Read more