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
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 need to borrow money for. Is it to pay an unexpected bill, or do you need to buy something more expensive where you would like to spread the costs of the item that you are buying?
If you only need help with your cash flow, or you feel that you can repay the money over a month or two, you may be better off using an overdraft facility than a loan. This will allow you to take more than your balance from your account which can be repaid when your salary or other income is received.
Here’s our potted guide to the options available to you, but you can find further detail on each in the borrowing section of this website.
The Financial Reporting Council (FRC) has been looking at how best to rationalise some of the audit guidelines in place by better integrating the guidance into the auditing standards themselves. Read More
Mike Conroy, BBA, Executive Director, Corporate and Commercial Banking said: “The first quarter of this year saw an upturn in applications for loans and overdrafts from SMEs, although volumes were Read More
Ian Jordan, Chair of the BBA’s Northern Ireland committee, said of the latest data: “The first quarter of the year saw an increased number of SME loan applications, leading to Read More