March 2008

The FOS has confirmed that PPI complaints have risen steeply in 2008, with more complaints received in February 2008 than in the whole of the 2006/07 financial year.

Nationwide report says that house prices dropped by 0.6% in March reducing the annualised growth rate to just 1.1%, the lowest rate since 1996.

Shepherds Friendly has launched a neow mortgage PPI product that insures customers for 5 years, unlike the market norm of 1 year.

Data released by The Bank of England shows that total lending to individuals reached £1.4 billion in March 2008 (£1.2 billion secured lending and £227 million consumer credit). March saw a surprising hike in consumer credit lending, up over £2 billion.

The average monthly price of a £5,000 unsecured personal loan with PPI increased by £0.03 in March 2008, from £181.64 to £181.67.