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News that Alex Salmond, the leader of the ruling SNP in Scotland, has been somewhat liberal with his recent comments about housing budgets and assistance has caught the attention of opposition...
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Friday 29th June 2007
New research has found that vehicles are the main reason behind people taking out personal loans.
According to a study by Alliance and Leicester, 37 per cent of all loans are taken out to finance the purchase of a vehicle.
The figures also revealed that an increasing number of people are choosing to take out loans to finance caravan purchases. Richard Al-Dabbagh, senior personal loans manager at Alliance and Leicester, explained that "a small but growing number of people are getting a personal loan to purchase a caravan".
He suggested that one of the reasons for this increase was that more people are now looking to be environmentally-friendly and are choosing to take holidays in the UK instead of jetting off to different parts of the world.
He added that taking a caravan could also be part of a lifestyle choice, saying: "An increasing number of people are turning their backs on airport queues, train delays and other negative holiday certainties."
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