Potential debt problems caused by the high cost of housing could be preventing many young people from moving out. According to a survey by charity Shelter, 22 per cent of Britons aged 18 to 34 still live with their parents,…
Those in debt may find their financial situations worsened because of scammers, as new research has revealed that on and offline fraud is increasingly becoming a problem. According to the Office of Fair Trading (OFT), approximately one person in 11…
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The rate of unsecured personal loans appears to be on the rise, reaching a nine-year high, in spite of the Bank of England base rate being the lowest it has ever been. This is according the latest statistics from Moneyfacts.co.uk…
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Consumer watchdog Which? has responded to the recently-outlined proposals by the Financial Services Authority (FSA) indicating that those in mortgage arrears will be treated more equitably by industry practitioners. Chief executive with the company Peter Vicary-Smith welcomed the move, saying…
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Recently-published figures revealing a 20 per cent drop in the amount of money spent on mortgage repayments each month between 2008 and 2009 has prompted one industry expert to ask whether people should be saving this extra cash or settling…
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Elderly people struggling with debt management issues may like to make use of a new equity release scheme being piloted by Just Retirement and the Joseph Rowntree Foundation. It is to be brought into the London districts of Maidstone, Islington,…
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Those considering taking out homeowner loans may be buoyed by the news that mortgages are becoming more affordable. This is according to the latest survey from Woolwich, the mortgage arm of Barclays, which found that the average monthly payment is…
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The suggestions set forth by the Financial Services Authority (FSA) to better protect those with mortgage arrears have been described as “very reasonable” by an industry expert. According to Ray Boulger, senior technical manager at John Charcol, the proposals from…
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