The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
Borrowing from your bank can be a useful way to smooth out the gaps between your income and expenditure to help you to pay for a larger purchase, such as a car or house. Used sensibly, borrowing money can be a helpful tool for managing your finances. The key is to remain in control of your money and to make sure that you don’t over-stretch yourself.
First of all, do you need to borrow? Take into account any savings that you may have and consider if borrowing is actually required. Give some thought to what you Read More
Charges relate to the amount charged for operating your account or providing a particular service. Interest is calculated on the amount you are borrowing and is payable in addition to Read More
To borrow over a longer period, a loan with regular monthly repayments might be more appropriate. It is vital that you consider carefully whether you can afford to take Read More
An overdraft is a service provided by a bank which allows a customer to continue to make payments or withdrawals from an account even when there is not enough money Read More
The biggest loan that you are ever likely to take out is a mortgage. Typically, you will repay it over 25 years, although longer and shorter periods can be arranged. Read More
Credit cards are one of the most flexible forms of short-term borrowing, giving you the option of repaying as much of your monthly balance as you choose although there is Read More
Banks are committed to helping you make financial decisions that best suit your circumstances. As responsible lenders, banks take into account your personal circumstances to try to establish the appropriate Read More
Please note that the Lending Code was replaced by the Standards of Lending Practice in July 2016 and you can find out more information on the Lending Standards Board website.