Act now if your home loan deal ends in three months as getting a new deal will take longer amid coronavirus crisis Up to 44% of borrowers could be missing out on big savings by failing to switch They are likely to be on their provider’s standard variable rate But it will take longer to … Read more
Self-employed workers caught out by the controversial ‘loan charge’ are still being chased by the taxman during the coronavirus lockdown, despite many having lost work. HM Revenue & Customs recently announced that it will not collect debts from businesses or self-employed people who find themselves in financial difficulties due to the coronavirus lockdown. But the … Read more
German prince is accused of globetrotting between his flat in Knightsbridge and mansion in Uruguay to avoid re-paying his ex-wife’s £600,000 loan Casimir Zu Sayn-WittgensteinSayn is being sued by ex-wife Corinna over a loan The judge ruled that Prince Casimir could be served with the documents by ‘alternative’ electronic means, and should now be aware … Read more
Take out loan to avoid 50% overdraft fees, says City watchdog as it admits changes will leave three in ten bank customers worse off By Hugo Duncan and Amelia Murray For The Daily Mail Published: 21:50 BST, 24 January 2020 | Updated: 10:35 BST, 27 January 2020 Families are being advised to take out loans … Read more
Britons struggling to repay their debts amid the coronavirus crisis could be given £500 interest-free overdrafts and get a three-month freeze on loan repayments under new proposals. The Financial Conduct Authority (FCA) is asking banks to offer anyone unable to repay their overdraft as a result of the virus outbreak £500 interest-free. Anyone hit financially … Read more
The Government’s small business coronavirus rescue loans were launched today, but some entrepreneurs say they are confused as to whether they can get help. The Coronavirus Business Interruption Loan Scheme was announced in the Budget and beefed up last week by Chancellor Rishi Sunak to sums of up to £5million, and is available through the British … Read more
Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It said it is ‘in advanced discussions with a third-party lender’ But there are fears of the impact of coronavirus By Daily Mail City & … Read more
The Student Loans Company has a £28.5million pot of money belonging to university graduates which they can claim hundreds of pounds from. Between 2009-10 and 2017-18, the Government body in charge of student finance took £308million more in repayments than it should have, according to reports. While the SLC said it had contacted everyone due … Read more
A lifeline for small firms crippled by coronavirus: Bank of England and Treasury draw up plan for emergency loans By James Salmon for the Daily Mail Published: 21:50 GMT, 4 March 2020 | Updated: 22:06 GMT, 4 March 2020 Plans to provide emergency loans to stop small firms going bust during the coronavirus crisis are … Read more