Top Loans Report – July

Looking for the best rate on a personal loan? The team here at UK loans has decided to make life easier for you by researching the market and presenting the top deals.
Looking for the best rate on a personal loan? The team here at UK loans has decided to make life easier for you by researching the market and presenting the top deals.
This week lenders have found themselves under increasing pressure amid concerns over the consumer credit market. This follows the Bank of England’s recent directive which will see banks reserve a further £11.4BN in order to strengthen finances and mitigate the risk of bad loans.
It’s been just over three weeks since UK voters took to polling stations and cast their votes on June 8th – a snap election which took place three years earlier than scheduled. This was called for by PM Theresa May in what was largely an effort to strengthen her hand in Brexit negotiations. What we saw however was a surprising result, one which neither the Conservative government or the financial markets had anticipated.