British Expats in the EU Face Borrowing Block

British expats living in the EU have faced a block on borrowing from some British lenders following the UK’s exit from the European Union.  Lenders including Newbury and Marsden Building Societies have adopted the policy however have signalled that the restrictions may only be temporary measures, depending on ongoing negotiations between the UK and EU. …

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FCA Issues Stark Warning to High-Cost Lenders

The Financial Conduct Authority (FCA) have issued a stark warning to high-cost lenders in regards to their re-lending practices. They have raised ‘significant concerns’ over the marketing practices used by high-cost lenders which they believe drive vulnerable borrowers into further debt. The warning comes after a review of 250,000 customers of the short-term, high-cost credit…