Tag: Borrowing

Consumer borrowing up in September

Despite the fact that the UK’s economy has pulled out of a double-dip recession, research has indicated that British consumers are still increasingly relying on borrowing to make ends meet.

avatar
Posted by: WarrenWilson Categories: Estate Agents, Finance, Industry News Tags: , , 1 Comment

Bank of England expected to hold fast on interest rates

The Bank of England’s (BoE) is expected to maintain interest rates at a record low of 0.5%, as the UK’s economy shows the first tentative signs of returning to growth.

avatar
Posted by: WarrenWilson Categories: Finance Tags: , , Comments Off on Bank of England expected to hold fast on interest rates

Consumer credit lending increases in May

Consumers are continuing to rely on borrowing to boost their budgets, with figures from the Finance & Leasing Association (FLA) showing growth in several areas of credit lending.

avatar
Posted by: WarrenWilson Categories: Finance Tags: , , Comments Off on Consumer credit lending increases in May

Consumers cautious over credit card borrowing

The UK’s ailing economy has meant that consumers are now carefully guarding their finances; with credit card lending last month falling by its greatest rate since August 2006.

avatar
Posted by: WarrenWilson Categories: Finance Tags: , , , Comments Off on Consumers cautious over credit card borrowing

Tighter mortgage application conditions

Millions of potential borrowers could be refused a mortgage under new reforms proposed by the industry watchdog.

avatar
Posted by: WarrenWilson Categories: Buying, Buying Property, Finance Tags: , , 9 Comments