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Nemo Loans Personal Finance Blog

Monday, April 22, 2013

Loans to family and friends exceeded £23 billion in the last 12 months

According to research commissioned by thinkmoney, just 47 percent of respondents – equivalent to approximately 9 million people – who lend money to friends and family say that they are ‘usually’ repaid the full amount and on time. Nationwide, millions of relationships have reportedly suffered as a consequence.

Friday, April 19, 2013

When it comes to gross mortgage lending, the Council of Mortgage Lenders has estimated that the total increased to £11.6 billion last month.

Thursday, April 18, 2013

According to research commissioned by Gocompare.com, 53 percent of Brits now prefer to use cards to pay for the majority of their purchases as opposed to cash.

Wednesday, April 17, 2013

According to research commissioned by Santander, a third of UK current account holders are not receiving any interest on their balance. What’s more, it has been revealed that a further 30 percent are not aware of how much interest their current account is paying.

Tuesday, April 9, 2013

According to Family Action, their new ‘Birthdays on the Breadline’ report has revealed that 44 percent of the British parents surveyed are unable to afford a birthday party for their child. Amongst families on lower incomes, this is reportedly the case for 51 percent of respondents.

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Nemo is a member of the FLA (Finance and Leasing Association) and follows its Lending Code.

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A Nemo loan is secured on your home and is for homeowners with a mortgage only.

Repaying borrowing over a longer term will increase overall interest charges.

If you settle your loan early an additional interest charge may arise calculated under the Consumer Credit Act.

Nemo does not provide homeowner loans for business or invesment purposes.

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