CML: mortgage debt problems `could last for years`
26 February 2010
Repossessions and problems with arrears could last for years, according to the Council of Mortgage Lenders (CML).
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Home loans at 16-year low in Scotland
26 February 2010
Figures from the Council of Mortgage Lenders (CML) have shown that the number of home loans taken out in Scotland last year was the lowest in 16 years, the BBC reports.
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New loans increase, but net lending falls
25 February 2010
Lending statistics for January from the British Bankers` Association (BBA) have shown a further fall in net consumer credit.
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40% of car insurance claims `from three-to-six-year-old cars`
25 February 2010
Car owners driving vehicles that are three-to-six years old have been warned that they are statistically the most likely to have to claim on their car insurance.
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Rules on Debt Relief Orders `may be eased`
25 February 2010
People in England and Wales who have a small pension fund may be able to use Debt Relief Orders (DROs) to clear `modest` debts in a year - if rules on the debt solutions are relaxed, the BBC reports.
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Scotland: number of mortgages taken out at 16-year low
25 February 2010
According to figures from the Council of Mortgage Lenders (CML), the number of mortgages taken out in Scotland in 2009 was the lowest since records began in 1993, the BBC reports.
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Car scrappage scheme `set to enter final phase`
25 February 2010
The Government`s car scrappage scheme entered its final phase yesterday, according to Business Secretary Peter Mandelson.
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Irish consumers default on 10% of credit card debt
23 February 2010
In Ireland, according to figures from banking research firm Lafferty Group, one in every 10 Euros of credit card debt is not being paid back, the Irish Independent reports.
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Home loan lending falls to 10-year low
21 February 2010
Figures from the Council of Mortgage Lenders (CML) have shown that gross home loan lending fell to a 10-year low in January.... read more »
Credit card rates at 12-year high
20 February 2010
The average interest rate on a credit card has reached a 12-year high, according to new research from Moneyfacts.... read more »
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