UK Finance News

While the UK mortgage and lending market has been severely affected by the credit crunch, loans approved in April did manage to rise to £17.8bn  against a figure of £15.6bn in March, still below this time last year by 7.7%.
The figures are however, believed to have been buoyed by many re-mortgaging property  and changing lenders [...]

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A staggering £13.2bn has been paid out in bonuses to City workers so far this year, down just 1% on the same stage last year, suggesting that the credit crunch has yet to hit the pockets of bankers.
The figures will infuriate the general public, currently caught in the aftermath of the diabolical greed and extraordinary [...]

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More bad news for motorists, business and home owners as a barrel of oil reached $135 dollars today, marking a 40% increase so far this year.
The news followed a report from the International Energy Agency, that global supplies could fall short of demand in the next 20 years. The official findings of the report will [...]

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The Guardian reports that ethical rules at the Co-op Bank have cost the company millions, with deals involving oppressive regimes, arms and seal skin sporrans being rejected in 2007.
The Co-op’s strict rules on human rights and environmental issues have led to a record number of accounts being closed or turned away.
The Bank believes that the [...]

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Cheltenham & Gloucester one of the UKs biggest mortgage lenders, has pulled its entire home loan range as of close of business on Monday 19 May.
The lender has issued a statement saying that it has withdrawn its entire range of mortgage products and will be replacing them with more expensive products. Most rates will increase [...]

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