Many parents and their grown children are descending into struggles over inheritance, new research suggests.
One in five UK adults are relying on inheritance from their parents, but in an awkward twist, one in six 55-65 year olds are counting on financial support from their kids after they retire…
Debts of British households have reached unprecedented levels after hitting the £1.5 trillion mark for the first time.
The average British adult now owes almost £30,000, which when multiplied by the 51 million adults in Britain, equates to a collective debt of around £1.5 trilli…
Continue reading the "UK household debt hits record high of £1.5tn" »
The number of UK houses that sold for £1 million or more in the first half of 2016 increased by 12 per cent, compared with the first six months of 2015.
According to Lloyds Bank, 6,683 homes changed hands for at least seven figures between January and the end of June; that’s 737 more …
Continue reading the "Million pound houses more common in 2016" »
Changes to bankruptcy rules have sparked a boom in the number of people declaring themselves bankrupt, government figures suggest.
Some 24,251 people were declared insolvent throughout July, August and September in England and Wales, according to new figures from the Insolvency Service, which cov…
Continue reading the "New online process sparks rise in bankruptcies" »
The latest Insolvency Statistics – July to September 2016 (Q3 2016) published by the Insolvency Service today show Individual Voluntary Arrangements (IVAs) increased for the fifth consecutive quarter. If growth continues at the same pace 2016 could see the highest…
That chill in the morning air is proof that winter is most certainly coming and while Britain probably won’t be pelted with snow for 120 days, like one daily newspaper has claimed, it’s bound to be pretty nippy.
However, more than half of Brits are worried about the cost of heating th…
Continue reading the "One in six will go without heating this winter" »
The true cost of being made redundant has been laid bare and your age and gender may have a big say in just how much your finances will be dented until you regain employment.
The majority of millennials reckon they’d secure a better job within 12 weeks of being made redundant, accordi…
Continue reading the "Redundant millennials need around £5,000 to survive job hunt" »
One in six families have been refused a mortgage or told to borrow less due to how much they spend on childcare, leading many to skew their outgoings in a bid to trick lenders.
Research commissioned by uSwitch.com surveyed 1,000 parents with children aged 12 or under, who had applied for a mortga…
Continue reading the "Childcare costs derailing one in six family mortgage applications" »
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