Tenant Loans News
OFT Press release 16 July 2008
The report found that much of banks' revenue from current accounts is derived opaquely, with 81 per cent of income coming from two sources: insufficient funds charges (£2.6bn) and net credit interest income (£4.1bn). A significant number of customers do not know how much they actually pay more...
New and used car buyers to consider downsizing
Over two-thirds of car buyers are considering downsizing for their next new or used car purchase, it has been revealed.
It will signal a "dramatic shift in buying trends", Motorpoint car supermarket said, as it revealed the results to its latest survey.
The reason for more...
Facebook loan ads slammed by debt charity
A new report has heavily criticised the advertising standards of lenders who promote their products on social networking sites.
The study, which was conducted by debt charity Credit Action, found that several of the companies, including providers of tenant loans, were failing to clearly display more...
Land of Leather fined for flouting PPI rules
A leading furniture retailer has been found guilty of beaching regulations over the sale of payment protection insurance (PPI) on personal loans.
Under government regulations the sales of such cover with loans, including car loans and tenant loans, must only be undertaken by fully trained more...
Alliance & Leicester reveals further losses from crunch
Alliance & Leicester has reported further losses caused by the credit crunch as well as a rise in the value of unsecured loans in arrears.
The lender revealed the state of its loan book in a new report in which it was disclosed that it has been hit with a further £391 million hit. < more...
Nationwide launches new mortgage products
Nationwide has unveiled changes to its two and five-year fixed-rate mortgage products, it has been revealed.
Effective from May 16th, the firm's two-year fixed-rate deal for house purchasers now has a £599 fee and charges interest rate from 5.95 per cent upwards.
This compares more...
Life insurance for over-50s launched by Tesco
Tesco has released a new life insurance product for those over the age of 50, it has emerged.
Stating that applicants to the financial scheme are "guaranteed" to be accepted, the firm reports that a medical is not required for those customers who are between the ages of 50 and 75.< more...
Coldplay prepare for new album launch
The latest release by arena-rocking indie act Coldplay is just a few weeks away.
Viva la Vida or Death and All His Friends, the London act's fourth album, contains ten new songs.
Including the singles Violet Hill and Viva la Vida, the record was produced by the band themselves, Markus more...
Drivers admit to avoidance of important car finance payments
The number of British motorists admitting driving uninsured has topped one million, with many admitting they cannot afford their car finance.
A poll by Sainsbury's found 19 per cent of respondents could not afford car insurance, while the same proportion did not realise they had to have more...
Million-pound property sales up one-third last year
Over 8,000 million-pound properties were sold in the UK last year, new figures have shown.
According to figures from Halifax Estate Agents, the number of properties which sold for over £1 million climbed to 8,257 in 2007.
This represents a rise of 36 per cent from 2006 - when more...
New car buyers warned not to pay over the odds
Drivers looking to buy a new car have been urged to do their research or risk paying too much, according to esure car insurance.
Negotiating a bargain, cutting the cost of insurance and car finance deals and reducing motoring costs are tips the organisation is offering to motorists, the Daily more...
Car insurance is too costly, say motorists
The expense of motor insurance cover has been named as the number one reason behind motorists taking to the roads without cover.
In a poll conducted by Sainsbury's Car Insurance, 1.15 million people admitted they had taken to the roads without insurance cover over the last 12 months.
< more...
Leeds Building Society releases new savings bond
The Leeds Building Society has unveiled its new five-year fixed-rate escalator bond, it has emerged.
Offering an initial rate return of 5.55 per cent during the first year of saving, the interest accrued on the bond will go up by 0.25 per cent per year for the remainder of the product's duration more...
Terminator: Sarah Connor Chronicles due for DVD release
Science-fiction fans looking for something to watch over the summer months may be interested to know that the first series of Terminator: Sarah Connor Chronicles is set to be released on DVD.
Featuring Lena Headey as the title character, the show follow-ups the struggles of Sarah Connor and more...
New tennis game smashes its way on to Wii
With Wimbledon just around the corner, budding Andy Roddicks and Maria Sharapovas looking to improve their swing might wish to pre-order a copy of forthcoming computer game Top Spin 3.
Set to be released on Nintendo's Wii console, the game allows tennis fans the chance to choose to play as more...
Personal injury claims hitting car finance companies
Car finance firms could be hit by increasing personal injury claims, a report has suggested.
Analysis by Datamonitor claims motor insurers' say costs will rise by 28 per cent during the next five years, Motors Today reports.
It means pay outs could jump from £8.5 billion last more...
Drivers confused by what can cost with car financing
Motorists are confused by what can and cannot cost them with a form of car financing, research has suggested.
A survey by swiftcover.com has found many drivers are not aware that certain acts behind the wheel can be regarded as negligent and lead to dramatically reduced pay outs.
Of more...
Brits fail to heed terms of car insurance policies
British motorists are risking a severe financial blow by failing to pay close attention to the terms of their motor insurance, a new survey has revealed.
The poll, conducted by swiftcover.com, found that rather than check the specifics of their policy instead thousands of Britons choose to more...
New MG to start production in August
In news that may be of interest to consumers considering taking out a car loan to buy a new vehicle, Nanjing Automobile Corporation (NAC) has announced that production of the new MG has begun.
The car will be a revamped version of MG TF mid-engined sports car, with production set to begin more...
