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News on personal loans, mortgages and debt management Latest |
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20 Nov 2008
Mortgage lending rose by 7% in October, according to the Council of Mortgage Lenders (CML)... read more...
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13 Nov 2008
Payment Protection Insurance (PPI) should not be sold to a customer within 14 days of being sold a loan, the Competition Commission says... read more...
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12 Nov 2008
Credit cards have become more expensive in the past few months, despite the recent reductions in bank rate... read more...
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6 Nov 2008
The Bank of England has made a shock one-and-a-half percentage point cut in UK interest rates to 3%, the lowest level since 1955... read more...
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30 Oct 2008
Professor David Blanchflower says big interest rate cuts are needed to avoid a deep recession... read more...
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24 Oct 2008
The UK economy shrank for the first time in 16 years between July and September... read more...
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20 Oct 2008
The slump in mortgage lending continued in September, according to the latest figures from the Council of Mortgage Lenders (CML)... read more...
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15 Oct 2008
OFT says consumers need better protection with statutory regulation... read more...
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8 Oct 2008
At a special meeting, the Bank of England in conjunction with other central banks cut interest rates by 0.5% read more...
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3 Oct 2008
UK homeowners have stopped cashing in on the value of their homes, according to figures from the Bank of England... read more...
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24 Jun 2008
Mortgage lending for house purchase by the UK's main banks has fallen to its lowest level on record. The British Bankers Association (BBA) said that in May, the number of new mortgage approvals to home buyers fell to just 28,000. That was a 20% fall in just one month and 56% down from May last year. The BBA said the number of new approvals was the lowest since its records started in 1997 and warned that the market would stay subdued. "Measures of mortgage activity were lower in May as a result of tighter lending criteria and economic pressures on households," said David Dooks of the BBA. "Only remortgaging business is holding up, where people need or want to take advantage of deals with other lenders," he added.
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