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LATEST NEWS & EVENTS Bank lending to individuals 'on the rise'  News that net lending to individuals has increased might have been noted by those looking to obtain advice with regards to personal insolvency matters. According to the Bank of England, such borrowing went up by £0.6 billion in June. Within this figure, total net lending secured on dwellings rose by £0.7 billion, which compares with May's increase of £0.8 billion. The findings may be welcomed by anyone looking to gain access to finance in the months ahead. However, the statistics also showed that the amount of successful remortgaging deals stood at 24,949 - down from the six-month average of 50,036. Recently, Justin Sargent, group managing director at Nielsen's UK & Ireland operations, suggested that Britons are starting to get more worried about issues such as debt and finance. His comments came in response to news that the group's latest consumer confidence survey - conducted alongside the British Retail Consortium - recorded the first decrease since April 2009. Posted by James Walsh 
Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News |
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