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New mortgage rules take effect

People applying for a mortgage are to face tougher financial checks, as the Financial Conduct Authority’s new market regulations take effect tomorrow (26 April 2014).

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Overdrafts poor value, says FCA

Overdraft terms set by lenders are "complex and opaque", the Financial Conduct Authority (FCA) has said.

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Help to Buy extended by four years

The Government has extended its Help to Buy equity loan scheme by four years, the Chancellor George Osborne has announced.

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Greater competition needed for Scottish SME finance

Scotland needs new sources of credit to help small and medium-sized businesses access finance, the Scottish Parliament's economy, energy and tourism committee has said.

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Business Bank to support peer-to-peer lending

The British Business Bank will invest £40 million to support peer-to-peer lending to small and medium-sized businesses.

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SME lending inquiry opened

Politicians have opened an inquiry into bank lending to small and medium-sized business.

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Mortgage demand highest in six years

Demand for mortgages rose at the fastest pace in six years in the fourth quarter of 2013, according to data from the Bank of England.

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Six million declined credit since 2010

Twelve per cent of adults in the UK have been turned down for credit in the last three years, research conducted by YouGov on behalf of Confused.com has found.

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Business lending at highest level since 2009

Net lending to UK businesses rose by £2.5 billion in the month to September - the biggest monthly rise in lending since January 2009 - figures from the British Banking Association (BBA) have shown.

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Interest rates need to rise, Saga chief tells Bank of England

Low interest rates are 'unhealthy for the economy' and are 'misleading borrowers', a former Government adviser has said.

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