Survey shows rising number of people taking out a loan to buy a bike

Lloyds Bank survey shows one in five have taken out a loan, while a quarter of those have used the money to buy a bike or car

With cycling still booming in the UK, a survey by Lloyds Bank has discovered that more people are getting into debt to buy a bike.

Cyclists young and old want to mimic their idols, which often means shelling out a lot of cash for a new ride, with ever-more expensive products hitting the market.

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Stuart Clarke is a News Associates trained journalist who has worked for the likes of the British Olympic Associate, British Rowing and the England and Wales Cricket Board, and of course Cycling Weekly. His work at Cycling Weekly has focused upon professional racing, following the World Tour races and its characters.