Borrowing

Tesco Bank has stepped up a price war over personal loans by launching a deal with the lowest standard rate on record.

Consumers are losing £450 million a year because the Office of Fair Trading (OFT) does not have the resources or powers to offer enough protection from unscrupulous credit firms, the public spending watchdog has found.

About four million people in the UK are considering taking out a payday loan as they come under pressure from Christmas costs, research suggests.

Consumers could have better protection from rogue payday loan firms, if a revised code of practice which comes into force today actually works.

Controversial payday loan firm Wonga has written to customers implying taking out one of its loans can "do wonders" for your credit rating.

The number of homeowners losing their property because they're unable to pay their mortgages has fallen to its lowest level since the credit crunch began, new data from the Council of Mortgage Lenders (CML) shows.

Homebuyers with smaller deposits should be benefiting from a Government scheme to cut borrowing costs, insists a consumer lobby group.

Mortgage rates are continuing to fall, with the joint lowest-ever fixed rate home loan on record launched today.

Derbyshire Building Society has launched the lowest loan rate in six years for those borrowing between £7,500 and £14,999.

House prices continued to edge lower last month and the market is expected to remain subdued but stable into 2013, mortgage lender Halifax said today.