May 1st: UK Lending To Individuals Falls

At Your Finance UK, our loan specialists are always faced with staying on top of the latest n U.K. bank lending developments. We understand that taking out an unsecured personal loan is a big financial decision, one that takes careful planning and financial consideration. With the sheer number of banking news out there, our staff has compiled a summary of two UK lending developments in the England. By staying in the know when it comes to lending rates, you get a leg up on your financial future while staying informed on the best time to borrow.

UK Lending To Individuals Falls More Than Expected

As of 4/30, The Bank of England has reported that net lending to individuals in the UK fell much more than expected.

The Bank of England has said in an official statement that total net let lending fell by GBP0.9 billion in March from GBP1.5 billion in February.

The report goes on to highlight an increase in the number of final mortgage approvals from 52,000 in February to 54,000 approved loans in March.

Lending analysts predicted the drop in lending to be much less severe, expecting lending only to drop to GBP1.3 billion by March.

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Your Finance works with individuals and small business owners alike to get you the best unsecured personal loan, free from the hassle associated with traditional lending houses. With a simple application process available 24/7, our loan experts can get you approved for £500 and £15,000. To learn more about our unsecured loan services, please visit us at: https://installmentloanscompany.com