Archive for the "Personal finance" Category

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Guarantor loans for students

Guarantor loans may be the best bet for students and recent graduates who are struggling to get a loan and repay the debts they incurred whilst at university. Whilst it is not a great start to life after Uni, it needs to be sorted out which is where a guarantor loan can make the difference.
Leaving [...]

New guarantor loans company launches .co website

New guarantor loans company, guarantorloans.co, is one of the first businesses in the UK to take advantage of the brand new domain extension .co.
The domain was reserved almost 3 months ago and finally came to fruition on Wednesday 14th July 2010 when the domain extension was released around the world at 7pm GMT.
guarantorloans.co are a [...]

Understanding guarantor loans

Here at anytypeofloan.co.uk we get asked lots of questions about Guarantor Loans and whether any individual can obtain finance, even though their financial situation may dictate that they can’t or rather they cannot through the old traditional means.
A guarantor loan is much like any other loan in that it is a sum [...]

Why Guarantor Loans

Why Guarantor Loans
Guarantor loans are increasing in popularity and yet whilst they were a popular feature of the mortgage market (particularly in the 1980’s with rapidly rising house prices) they were almost unknown in the loans industry until about 18 months ago.
One of the reasons for this surge in popularity in [...]

Guarantor loans boom for anytypeofloan.co.uk

Guarantor loans provider anytypeofloan has reported a 40% increase in new enquires since the World Cup began.
Usually, loan enquiries reduce during the period of a major event such as the Olympics or World Cup but the reality this time is somewhat different as enquiries have actually increased for anytypeofloan.co.uk since the start of this major [...]

Three new secured lenders ready to launch

We have had confirmation that three new secured loan lenders will be launching in July / August this year.
We are not yet able to release details as we are under a press embargo but two of the lender principle’s are familiar names within the industry and the third lender is a relative newcomer although they [...]

loansquickly.co.uk launches online finance portal

Leading finance provider loansquickly.co.uk have launched a brand new online finance portal for consumers that they believe offers the widest choice for consumers who are looking for a solution to their finance needs.
They have negotiated partnerships with a wide range of product and service providers that will offer consumers options in may different product areas [...]

Payday lenders avoid interest rate cap

The OFT (The Office of Fair Trading) has ruled that capping payday and doorstep lenders would reduce competition in the market and says that this type of lending worked, “reasonably well”.
The review looked at home credit, pawnbroking,  payday loans and the rent-to-buy market.
One of the more recent entrants to the high-cost credit [...]

New research shows steep rise in average APR’s

The recent announcement by the Bank of England revealed that interest rates will remain at 0.5% for the month of June. Statistics have revealed that, whilst the base rates have remained the same for the 15th straight month, the average APR rates on personal loans have been on the increase.
Research carried out by moneysupermarket.com revealed [...]

Guarantor loans company moves to larger premises

Guarantor loans company Any Type of Loan have completed their move to larger premises due to bigger than expected demand for their loan services making their previous office inadequate for their ongoing needs.
Their new offices in Wirral offer free customer parking and training facilities which will be used to increase the skills, knowledge and efficiency [...]

New FD at Cattles

Cattles, the beleagured financial services group and owner of Welcome Finance has appointed Paul Felton-Smith as finance director following the resignation of James Drummond Smith.
Felton Smith has worked in the financial services sector for over 25 years and will join Cattles on 7 June, subject to the approval of the Financial Services Authority. His most [...]

Park Group announces 5% rise in sales

Park Group, the Birkenhead based firm founded by Peter Johnson in 1967 has announced a 5% rise in group sales.
Originally started as a hamper company, its main focus is now on corporate vouchers and Christmas savings clubs
One of its big successes is the Love2shop high street gift voucher which is accepted by more than 85 [...]

Paul Naden shelves plans to puchase Churchwood Financial

Well known financial services entrepreneur Paul Naden has temporarily shelved plans to buyout Churchwood Financial, the Stockport based debt management business.
Churchwood is owned by Mike Noblett who owns 70% of the company whilst Naden has 13% which he purchased last year. Naden’s plan was to buyout Noblett’s majority shareholding via a private equity deal, however [...]

Dunfermline HO to become Nationwide regional admin centre

Dunfermline Building Society’s head office in Fife is to become the regional administrative centre for Nationwide, its UK based parent company.

Nationwide acquired a majority stake in the Dunfermline following its collapse in March last year and its intentions are to close the head offices of Cheshire and Derbyshire building societies [...]

Cheshire Building Society to close its HQ

Cheshire Building Society has today confirmed that it is to close its Macclesfield headquarters with the los of almost 250 jobs.
The Cheshire is owned by Swindon based Nationwide Building Society and the HQ closure is in addition to five other local branches that Nationwide is due to shut. A spokesman for Nationwide said that the [...]

Bibby financial services posts £19m profit

Financial Services group Bibby has announced a  pre-tax profit of £19m and company growth of 24 per cent for 2009.
The company also reported that its client base had increased to 4,738, which is a 16 per cent rise on 2008, while its market share in the UK  increased to 8.1 per cent [...]

New flight and price comparison site launches

Keen traveller Rafi Neumann has set up TravelSpec, which he claims is unique as it gives unbiased information on any scheduled flight anywhere in the world.
Users can regsiter for free and can input any destination they want, and if there isn’t a  flight matching their requirements then the site will suggest alternative routes to nearby [...]

New VISA credit card from EGG

Consumer finance company Egg has launched a new VISA card as part of its credit card range.
This new product offers new and existing customers a standard annual percentage rate of 17.9 per cent as well as cashback of ten per cent on purchases from over 1,500 associated online retailers. Details of those retailers [...]

Any Type of Loan offers new commission structure

Any Type of Loan have announced a major new commission iniative which they believe to be the first of a kind in the UK intermediary market.
Guarantor loans offer consumers an alternative to a secured loan and have risen in popularity over the last 18 months with lots of new entrants trying to get a share [...]

Guarantor loans provider launches intermediary proposition

Any Type of Loan, the Guarantor Loans provider has launched a new intermediary proposition that will compliment their existing consumer facing operation.
Guarantor loans allow people with a less than perfect credit history to obtain finance as long as they have a suitable guarantor who will endorse or “vouch” for their application and Any Type of [...]

Spanish bank could buy NAB’s assets

SPANISH banking giant BBVA is thought to be mulling a takeover bid for National Australia Bank’s UK business, following its withdrawal from the £2 billion auction of more than 300 Royal Bank of Scotland branches.
NAB, owner of Clydesdale and Yorkshire banks, has previously said that it sees itself as a platform for consolidation of the [...]

Cattles may be sold in a restructuring deal

Troubled subprime lender Cattles today warned it could be sold in a restructuring deal which would leave shareholders with just a fraction of their investment but could allow the company to be delisted from the stock market.
Cattles, which has been in talks with its own banks for months in a bid to restructure its [...]

Paul Newey launches new venture

Paul Newey, founder of Ocean Finance has launched a new fund with ex Lloyds managing Director Tim Bullock.
The new company, New Wave Ventures, will look to invest between £500k and £2m initially in businesses that have significant growth potential and all funding will come from their own resources. In addition to the financial aspect, Newey [...]

Sainsbury’s Finance appoints a new CEO

David Fisher has been appointed to the position of CEO for Sainsbury’s Finance after five months in the role of interim CEO.
Fisher is to oversee plans for sustainable growth of the financial services arm of Sainsbury’s and will be based between Edinburgh and London.
He said: “We have ambitious plans for growth, and know there [...]

RBS to cut jobs in its wealth management division

Royal Bank of Scotland has announced plans to cut 500 of the 3,500 jobs in its wealth management arm, which has two outposts in Manchester.
Coutts & Co, the private bank, and Adam & Co, a wealth management business, both have offices in the city.
RBS did not say exactly where the jobs axe would fall but [...]

New code of practice from Wonga

Short term lender Wonga has launched its own code of practice in an effort to increase its transparency to existing and potential customers.
The code is designed to reinforce the codes of practice issued by the Office of Fair Trading (OFT) and the Finance and Leasing Association (FLA), which the alternative lender currently abides by.
Errol Damelin, [...]

TFS Loans reduce their interest rates

TFS Loans, the unsecured lender based in Southend on Sea have announced that they are reducing the interest rates on a number of their loan products (for new applicants) with immediate effect.

Sunday Times Rich List

The Sunday Times rich list for 2010 has just been published and the loan industry is represented by five individuals / families. They are, as my old dad used to say, ‘not short of a bob or two’.

RBS ‘has duty to consider legal action against Goldman Sachs’

Bank of Ireland to retain lucrative Post Office joint venture