Secured loan news, Apr - Jun 2006

Consumers expecting rise in cost of borrowing

12 June 2006

Consumers are expecting the cost of borrowing to increase over the next year, according to a survey.

Uncertainty keeps base rate steady

09 June 2006

The base rate of interest is to remain at 4.5% the Bank of England has revealed.

Partners kept in dark over debt problems

06 June 2006

New research suggests that the majority of those experiencing debt problems keep their partners in the dark over the issue.

47% of Brits plan home improvements

05 June 2006

Almost half of householders in the UK are planning to carry out home improvements over the next 12 months, according to a survey.

Secured loans blamed for repossession order rise in Scotland

25 May 2006

An increase in the amount of secured loans taken out by homeowners has been blamed for a rise in repossessions in Scotland.

Greater clarity needed on loans

19 May 2006

The Citizens Advice Bureau (CAB) is encouraging loan companies to simplify the details and terms of loans.

BoE changes lending rules

18 May 2006

The Bank of England (BoE) is changing the way it lends money in order to make the economy more secure.

Growth in consumer credit continues to slow

04 May 2006

New Bank of England figures reveal that total personal lending rose £9.6 billion in March

MPC to freeze interest rates, analysts predict

03 May 2006

Analysts predict the Bank of England will most likely keep interest rates on hold when its rate-setting committee meets tomorrow

Doorstep lending report welcomed

02 May 2006

The Competition Commission's conclusion that customers of doorstep lending are being seriously overcharged has been welcomed by price comparison site uSwitch.com.

Home loan customers being overcharged

28 April 2006

Home credit customers are being seriously overcharged for the loans they take out, according to the initial findings of an official report.

Brits opting for simple home improvements

10 April 2006

The UK's DIYers are now favouring more simple, straight forward home improvements that add value to their homes, according to an annual survey by the Halifax.

PPI investigation long overdue, says uSwitch.com

05 April 2006

The switching and comparison website uSwitch.com has welcomed the Office of Fair Trading's (OFT) announcement that it is to begin an in-depth study of the loan protection insurance sector.



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