The National Consumer Council, which was recently renamed Consumer Focus following a merger, has reported that it is not part of a relatively new website that was set up to help consumers find the cheapest doorstep lenders. The reports indicate that the consumer watchdog is trying to distance itself from the website, which was set up earlier this year by the Competition Commission to help people to find the most competitive doorstep lender in a climate where an increasing number of consumers have had to turn to these lenders. (more…)
Posts Tagged ‘mortgage rescue plan’
NCC cuts ties with doorstep lending site
Wednesday, December 31st, 2008
Government rescue plan may take time to take effect
Wednesday, June 11th, 2008According to industry officials the recently launched government mortgage rescue plan could take some time to take effect, and in the meantime the mortgage sector will continue to remain inaccessible and expensive for many consumers. The £50 billion plan was launched by the government recently in a bid to increase confidence amongst lenders in order to encourage them to lend to one another at affordable rates, which in turn could help to increase liquidity. (more…)
Mortgages could continue to get more expensive
Monday, May 12th, 2008According to a recent report banking officials have warned MPs and the Chancellor, Alistair Darling, that the cost of mortgages may continue to climb over the coming months, despite the launch of a £50 billion mortgage rescue plan introduced by the government, where banks will be able to exchange mortgage assets for government bonds for increased security. Banking officials have stated that the plan may take a number of months to take effect, and in the meantime the cost of mortgage borrowing may continue to get higher. (more…)
Darling wants banks to help vulnerable families
Monday, May 12th, 2008Chancellor of the Exchequer, Alistair Darling, has recently announced that he wants banks to do what they can to help the more vulnerable families in the country, stating that banks need to help struggling homeowners in order to reduce the risk of rocketing repossession levels. Both Darling and the Housing Minister, Caroline Flint, have stated that banks need to give more time to families that fall behind with their repayments. (more…)
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