Fixed-rate mortgage deals are losing their appeal with British homeowners, according to the latest data from the Council of Mortgage Lenders (CML). The CML reports that October saw the fifth successive monthly fall in demand for fixed-rate mortgage deals, which…
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The vast majority of people in the UK could benefit from a financial workout as the new year gets underway, according to recent research. January is often a particularly difficult month for people facing debt management difficulties and Abbey’s latest…
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Millions of people around the UK are planning to switch their credit card debt from one provider to another during the next few weeks, it has been suggested. Figures compiled by MoneyExpert show that as many as 2.6 million British…
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Anyone struggling to deal with their debt management problems because of overspending during Christmas ought to seek out expert advice, it has been asserted. James Ketchell, from the Consumer Credit Counselling Service (CCCS), suggested recently that independent advice can be…
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UK consumers have been warned that they could face sizable fees for entering an overdraft facility without their bank’s authorisation. With millions of Britons already struggling to become debt free, MoneyFacts.co.uk has suggested that using an unauthorised overdraft facility can…
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For anyone aiming to consolidate their debts, choosing the right loan is crucial, analysts at MoneyFacts.co.uk have made clear. The financial comparison firm is convinced that debt consolidation loans can offer an effective way for indebted consumers to organise their…
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Prime minister Gordon Brown has backed the idea of having personal finance lessons taught in schools in the UK, it has emerged. With millions of British adults dealing with debt management difficulties, Mr Brown suggested that he would like to…
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Many people in the UK are so desperate to get a foot on the housing ladder that they are willing to take on “absurd” levels of mortgage debt to do so, according to one expert. Mortgages have been a source…
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