Mortgage borrowers dealt another blow as two major banks heavily restrict how much they will lend to homebuyers Barclays has limited loans to just 4.49 times someone’s income – down from five-and-a-half times previously NatWest also quietly reduced the amount some customers can borrow By Samantha Partington For The Daily Mail Published: 21:51 BST, 6 … Read more
Amigo Loans gets another extension until December from its own lenders on £250m finance deal The new deal will reduce the facility’s size from £300m to £250m Amigo says the waiver extension will help it understand the impact of Covid-19 Amigo must clear thousands of complaints before watchdog’s October deadline By Angelique Ruzicka For Thisismoney.co.uk … Read more
Covid loans hit £52bn: Fears firms will be saddled with debt they won’t be able to pay and taxpayer will be left to foot the bill By Daily Mail City & Finance Reporter Published: 22:01 BST, 11 August 2020 | Updated: 22:50 BST, 11 August 2020 As of August 9, the total lent to 1.2m … Read more
HSBC profits sink by 82% as loans sour: Shares plunge to lowest levels since 2009 crisis By Lucy White For The Daily Mail Published: 22:03 BST, 3 August 2020 | Updated: 22:18 BST, 3 August 2020 HSBC profits plunged more than 82 per cent as the bank warned £10billion worth of loans could turn sour … Read more
Lloyds dives into red as it warns of pandemic’s ‘profound’ impact on economy and says up to £5.5bn in loans could go bad By Matt Oliver For The Daily Mail Published: 22:27 BST, 30 July 2020 | Updated: 22:27 BST, 30 July 2020 Lloyds Banking Group dived into the red as it warned of the … Read more
Almost £50bn of Government-backed loans to businesses hit by coronavirus approved so far – fuelling fears taxpayer could be saddled with huge bill if money is not repaid in full By Daily Mail City & Finance Reporter Published: 00:22 BST, 29 July 2020 | Updated: 00:22 BST, 29 July 2020 Almost £50billion of Government-backed loans … Read more
‘I was refused a mortgage for taking a loan holiday’: City watchdog tells banks they CAN reject loans if you took break Fury as firms get green light to trawl through borrowers’ accounts Over 1.8m people who took breaks were told it wouldn’t affect credit record 59% of brokers have had clients rejected for a … Read more
Amigo was hit with another huge sell-off after a surge in complaints pushed it into the red and it warned its financial future is uncertain. The guarantor lender, branded a ‘legal loan shark’ by MPs, racked up a £38million loss for the year to March 31 after it was forced to set aside £127million for … Read more
Shares in Amigo plunge as high cost of complaints sends loans company to £27m loss Shares in the subprime lender fell by 23.7 per cent to 7.4p by mid-afternoon Amigo’s Acting Chair said it had undergone a ‘challenging and difficult period’ The firm recently agreed to resolve all complaints against them by October 31 By … Read more
Revealed: Borrowers who took loan repayment ‘holidays’ after being told it wouldn’t affect their credit score are now struggling to obtain mortgages Banks in UK have rejected customers who chose to take breaks from repaying This is despite having been told by Government there would be no repercussions More than three million people made use … Read more