UK Loan News

Welcome to the news section of Select Loans. Updated on a regular basis, make SelectLoans.co.uk your one stop for loan news & information.

• Londoners enjoying increased borrowing abilities [14.06.07]
  Homeowners in London are enjoying the ability to borrow huge levels of money secured against their homes, and with the way that prices are continuing to climb in some areas experts state that the rising value of the property alone could soon pay off the loan.
• Banks slated over interest rate rises [11.06.07]
  A number of leading banks in the UK have been in the firing line over the interest rate rises that they have applied to borrowing and savings.
• Interest rates and house prices mean many will never buy their own home [07.06.07]
  According to recent predictions made by industry professionals and analysts the rising interest rates and soaring property prices in the UK mean that millions of people over the age of thirty in the UK will never be able to afford their own home.
• Inexperienced landlords should be careful about buy to let mortgages [04.06.07]
  Inexperienced landlords with inadequate portfolios or experience in the buy to let market are being warned to be careful about easy buy to let mortgages where there is no requirement for the rent to be higher than the repayment amount on the mortgage.
• Exposed debt company buys debtor details [30.05.07]
  According to a recent report a debt management company that was recently exposed for its bad practices by the BBC has been purchasing the details of consumers with financial troubles from a government contractor.
• Mortgage rates raised by some lenders [25.05.07]
  Following the fourth interest rate rise in the space of nine months, which was announced by the Bank of England just days ago, a number of lender have already hiked up the rates on their mortgages, with other expected to following in the very near future.
• Consumer need to exercise forward thinking with loans [22.05.07]
  The UK has become a nation that is reliant on finance in some way or another, and this obsession with borrowing and finance, from personal loans and secured finance to credit cards and hire purchase, has put the UK in huge levels of consumer debt.
• What sort of financial state is Tony leaving Britain in? [21.05.07]
  Millions of viewers saw Tony Blair, Britain's Prime Minister, make his resignation speech in his own constituency last week.
• MP calls for more honest bank statements [14.05.07]
  An MP is calling for banks in the UK to use customers' statements in order to provide more honest and easily accessible information with regards to charges and profits.
• Many couples hiding savings and debts from one another [12.05.07]
  According to recent figures there are many couples in the UK that are hiding either assets or debts from one another through the use of a secret bank account that their partner has no idea about.
• Surge in applications for fixed rate deals [04.05.07]
  With many industry experts predicting that the Bank of England will hike up interest rates again in May, consumers in the UK have been flocking to avoid the financial implications of yet another rise by applying for fixed rate mortgages.
• Rising house prices and interest rates are leading to higher number of rejections [27.04.07]
  The UK has seen a massive rise in house prices, and a number of rises in interest rates over the past year. The Bank of England has increased interest rates three times since last August
• Another interest rate rise may take place as a result of rising inflation [25.04.07]
  After inflation jumped to over 3% in March, there is now speculation that another interest rate rise will have to follow.
• FSA receives reports of unfair treatment of customer from FOS [25.04.07]
  The Financial Ombudsman Service recently reported that it has had to pass on details of two major banks – which have not yet been named – to the Financial Services Authority, after floods of complaints were received about the two banks from customers that claimed they were being treated unfairly.
• Mortgage holders want to reduce mortgage term [22.04.07]
  A recent report has shown that many mortgage holders are very keen to reduce their mortgage term by making additional payments.
• Interest rates on unsecured loans could rocket by end of the year
  In light of recent prediction from financial experts and industry professionals, anyone that is thinking of taking out an unsecured personal loan in the UK this year may want to act fast, as many now think that the fixed rate on this type of loan could rocket by the end of the year. [10.04.07]
• Are you looking for an affordable car loan?
  When it comes to getting finance for payment on a vehicle there are a number of options available to consumers these days based on their credit history and rating. [10.04.07]
• Christmas savings scheme to be available from HBOS
  The Halifax Bank of Scotland has announced plans to launch a Christmas savings scheme for lower income customers, which it hopes will make up for its role in the Farepak savings scheme disaster. [06.04.07]
• Staff at RBS have to take out company bank account
  Shocked employees from the Royal Bank of Scotland have been told that they must take out a bank account with RBS otherwise they will have to face disciplinary action. [03.04.07]
• Undercover investigation reveals scandal at Barclays
  Following a recent undercover investigation carried out by a BBC reporter, a host of worrying trends and sales related scandals have been discovered at one of the UK's top banks. [03.04.07]