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FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.

New Kia Flagship Showroom in West London

With Kia sales growing strongly in the UK, Kia are building a new flagship showroom in West London next to the A4 and M4. Just like sister car maker Hyundai, Kia’s offerings are becoming more credible with every new model and in a clear sign of the ever-rising confidence from the Koreans, Kia is planning a big new flagship showroom in West London. The new Kia showroom – which will sit alongside the A4 and M4 in Brentford, key car showroom territory – will consist of four floors, a curved facade with a ‘floating’ upper showroom with multi-level parking for visitors, and extend to a rather large 41,237 sq ft.

Hay fever drugs warning for drivers

THE HAY FEVER SEASON could bring danger to drivers from drugs, according to a survey. As many as 44% of motorists who use hay fever medication admitted to sometimes not, or never, checking the instructions to see if their driving ability is affected, the poll by road safety charity Brake and insurance company Direct Line found. And 17% of the 1,000 drivers questioned said they either ignored warnings not to drive while on medication or did not check the labels at all.