A boom in cheap loans provided by the Bank of England is fuelling Britain’s consumer debt bubble, The Sunday Times can reveal. Please follow and like us:
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Credits and Loans
Carney fuels consumer loans spree by banks
- June 28, 2017
- Jack Cunningham
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Need extra cash? A second-charge mortgage may suit
- December 5, 2016
- Jack Cunningham
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The number of people taking out a second mortgage on their home to get some extra cash has jumped to the highest level since 2008. New data shows that £93 million in loans was taken out by homeowners in March through second-charge mortgages. Please follow and like us:
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Want to reduce your mortgage? Offset it
- November 29, 2016
- Jack Cunningham
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Linking a savings account to a home loan may be a wise move if a buy-to-let property is only borderline profitable Please follow and like us:
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Awash in a sea of easy credit
- November 5, 2016
- Jack Cunningham
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Kudos to Jayne-Anne Gadhia, the Virgin Money boss. She confessed on Desert Island Discs at the weekend that Donny Osmond was her teenage crush and that for a long time in her career she didn’t know what a securitised loan was. Whatever next — António Horta-Osório, his Showaddywaddy thing and a difficulty with capital ratios? Please follow […]
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