Building societies in the UK saw a fall of more than £1 billion in their mortgage lending during March 2008 according to published home loans data. They also observed a drop in advanced net loans from £1.8 billion to £580 million compared to the same m...

Unsecured lending jumped suddenly during February 2008 by £2.4 billion it was revealed by the Bank of England, which is claimed to be as a result of a rise in students seeking loans to cover tuition fees and maintenance costs. This is the claim by th...

The Office of Fair Trading (OFT) has said that credit card companies should make it more straightforward for consumers to compare deals and shop around for the best arrangements. This comes following research by the OFT that showed 70 per cent of card...

With the Royal Bank of Scotland deciding to sell its insurance business, experts are predicting this move to trigger other banks into reconsidering whether owning an insurer is a worthwhile strategic policy. Bankers expect that lenders will decide the ...

A study from Sainsbury’s Finance has revealed that hazardous driving from parents during the stressful morning and afternoon school run, is putting children’s lives at risk. The report highlighted that 1.6 million drivers had been involved in acci...

March 2008 saw the lowest ever number of people taking out mortgages to buy homes with the amount falling by 46 per cent over a year to 35,417 house buyers wanting loans. At there peak, banks were handing out over 3,000 mortgages a day; however that nu...

In a bid to encourage their customers to become healthier, Prudential Insurance, one of Britain’s biggest insurers, is to offer large discounts on holidays. The idea is to start ‘paying’ people to adopt lifestyle changes that will be beneficial to t...

Debt advice experts have seen an increase in the numbers of middle class people wanting financial help rise by up to 500 per cent, as middle Britain suffers an overwhelming debt crisis. Many UK households have seen their budgets being pushed to breaki...

Scottish Widows has released critical illness data which has boosted statistics for pay outs during the years 2000 and 2007, to a total amount of £150 million for more than 4,500 critical illness claims. The figures showed that the number of successfu...

New figures have shown that the cost of running a car rose by as much as £2,200 over just twelve months with the soaring price of fuel, higher insurance and increase road tax at the route of the problem. These factors pushed up the price of driving by fo...

The number of mortgage products on sale fell considerably in the twelve months during 2007 to 2008, decreasing from almost 11,000 to just over 3,000. These market changes hadn’t been seen for almost a generation with the credit crunch leading the UK...

A poll carried out by YouGov has shown that more than one million household in the UK have used a credit card to pay their mortgage or rent. Housing charity Shelter backed up these findings by revealing that 6 per cent of those surveyed admitted they need...

Thousands of homeowners face having their houses repossessed as the result of a home loan scam that could result in the rogue mortgage brokers behind it, being named and shamed. City watchdogs have exposed the bogus advisors who encouraged people wa...

The Israeli government are to award £1.75 million in compensation to the family of a British filmmaker who was shot dead by Israeli troops in 2003. James Miller, 34, a husband and father to two young children, was killed by soldiers patrolling a secu...

Motorists in Britain are losing as much as £510 every month in the depreciation value of their cars according to a study carried out by price comparison site uSwitch.com. This is a monthly increase of £13 over a six month period. The findings highli...