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11th September 2009
Despite many card providers suffering falling profits and staggering rises in the level of bad debts, competition is still rife within the market and providers continue to launch headline ‘best buy’ deals. Andrew Britchford, credit card analyst from M... Read >
Author: wbdoyle11th June 2009
The Bank of England may have just opted to hold the base rate at 0.5% for third consecutive month, but it is rising interest rates that have once again caused raised eyebrows in the credit card market.
A no-change decision by the Monetary Policy Commit... Read >
Author: Graeme Knights05th June 2009
Among the many things the credit crunch has brought is an end to the perception that finance is freely available for any and all who want it. While in the past a consumer may have expected to be able to take out a loan with minimal fuss, the fact is that ... Read >
Author: Graeme Knights02nd February 2009
Nationwide has announced that it has plans to cut the price of its fixed rate mortgage deals by up to 1%.
The building society, which is the UK’s third-largest mortgage lender, will be reducing rates on its two, three and five year fixed-rate deals f... Read >
Author: Carys Robshaw21st January 2009
It is no surprise to any of us that interest rates have risen and are still rising and lenders are able to be choosy so borrowing on a whim is no longer possible.
The credit crunch has made borrowing prohibitive as the bank loan rates have soared on pe... Read >
Author: michael challiner13th October 2008
Moneyfacts has revealed the number of mortgage products offered by mortgage lenders for new borrowers is at its lowest value since the start of the credit crunch.
One year ago mortgage lenders offered 10,726 mortgage products to new borrowers; last Fri... Read >
Author: cborthwick915th August 2008
A number of major players exiting from the secured loans industry in the past 12 months has highlighted the continuing effects of the credit crunch for both lenders and borrowers.
In a recent report, financial advisory firm MoneyFacts explained that se... Read >
Author: ARouse14th August 2008
Borrowers have been dealt another blow as mortgage giants Nationwide and Woolwich raise rates and the cost of two-year fixed rate mortgages hits a ten-year high.
Research by financial information specialist Moneyfacts.co.uk has shown the cost of... Read >
Author: Christian Ward12th August 2008
The cost of fuel has spiralled this year, but you can help offset this by taking out the right type of cashback credit card.
A litre of unleaded fuel cost 117.2p on average on June 11 2008, according to Petrolprices.com, and is tipped to rise further, ... Read >
Author: Christian Ward23rd May 2008
Borrowers wishing to take out personal loans will find that some major lenders have withdrawn some of their loan facilities.
Unsecured personal loans were withdrawn last year by GE money, Leeds Building Society and Eskimo Loans - who are funded by Nort... Read >
Author: Linsey Summers22nd May 2008
HSBC subsidiary First Direct has withdrawn the offer of mortgages to non-customers, further fuelling the crisis in the lending industry. Recently the bank has been receiving a deluge of applications and simply does not have the staff and resources to effi... Read >
Author: Mark Skinner20th May 2008
The number of lenders offering unsecured personal loans has fallen; a move that financial information firm Moneyfacts has called a “worrying” trend. Eskimo Loans, which is funded by the financially stricken lender Northern Rock, recently decided to p... Read >
Author: Jenny Longmuir20th May 2008
New research from financial information company, Moneyfacts, has shown that borrowers are to face rising repayment terms on their personal loans which will leave many people with a financial headache.
Lenders were seen to be pushing up certain rates ... Read >
Author: Phil 06th May 2008
Another day, another set of apparently gloomy property statistics. Yesterday we had the Land Registry and Moneyfacts house price figures for March and April respectively, with both showing monthly price falls and the former indicating an annual drop in pr... Read >
Author: Assetz UK07th April 2008
The first signs that credit will be more difficult to obtain in the future has come with the news that refusal rates for credit card applications are rising, and one major issuer has even unilaterally terminated 160,000 customers’ accounts as it attempt... Read >
Author: Vicky Cochrane20th January 2008
A recent report has revealed that over the past few months there has been a considerable slow down in personal loan lending throughout the UK.
November of last year saw a decrease of 10% in the number of personal loans processed by UK lenders.
Becau... Read >
Author: Liam Gerken14th November 2007
With Christmas rapidly approaching, now is the perfect time to check out whether you have the best credit cards to see you through the festive period. If you are carrying forward a balance that is likely to increase in line with your Christmas shopping, t... Read >
Author: Andrew Regan12th March 2007
When it comes to setting foot on the property ladder, many people are finding it increasingly difficult to overcome initial challenges. The process of acquiring property is certainly intricate enough on its own; but when it comes to high interest rates an... Read >
Author: Andrew Regan09th February 2007
With bank charges in the spotlight again following the recent BBC Money Programme investigation, and the numerous campaigns to reclaim charges pending the outcome for the OFTs research due in the first quarter of 2007, Moneyfacts.co.uk takes a look at the... Read >
Author: Marco Barra09th February 2007
In our 2007 Mystery Shopper survey, Business Moneyfacts approached 10 business banks, posing as a micro business looking to switch current account provider. Whilst any survey of this nature can be somewhat subjective, it is important to stress that banks ... Read >
Author: Marco Barra09th February 2007
The Monetary Policy Committee’s decision to increase base rate by a further 0.25 per cent on 11 January caught everybody on the hop, from financial commentators through to the banks and building societies themselves. The rate increases of August and Nov... Read >
Author: Marco Barra30th January 2007
On the total contrast with last year’s predictions, companies made a come back by
re-introducing the interest free deals.
Using the credit card balance transfer, a large number of companies-as data from www.Moneyfacts.co.uk is showing to us- are ha... Read >
Author: Alison White02nd October 2006
At one time, borrowing money from the bank would have involved getting out the best suit and grovelling to the manager.
These days, banks ring customers at home and ask them if they want to take out a loan. In fact, they almost give you hard time if y... Read >
Author: michael challiner03rd June 2006
The boom in online banking and the success of some of the bigger online banks looks likely to revolutionise the way we manage our finances. Mortgages are no exception now that virtually all lenders have an online presence and many will allow you to acce... Read >
Author: Joseph Kenny28th September 2005
Most of us have been in a position at some point when we simply have had insufficient funds to pay for something. This could be car insurance/repairs, course fees, holiday, Christmas presents, electrical items or even the weekly shopping. According to C... Read >
Author: Rachel Lane14th June 2005
Whilst not all Smiths lead the glamorous technological lifestyles of Brad Pitt and Angelina Jolie, the number of British consumers using online financial services continues to grow rapidly.
According to NOP World, 48% of all Internet users researched o... Read >
Author: Rachel Lane
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