Banks, building societies and other lenders have a commitment under the Banking Code to ensure that they lend money responsibly, according to a spokesperson for the Banking Code. Commenting on the measure which could help people avoid debt management problems,…
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The Bank of England monetary policy committee (MPC) has decided to maintain the base rate of interest at 5.75 per cent. For those that are currently need of debt advice the news of a freeze in the cost of borrowing…
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Consumers seeking a debt free lifestyle have been encouraged to engage with their money by a secured loan provider. According to Picture Financial, weighing up the different options available to them when they are thinking about how to rid themselves…
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UK consumers have been advised to set aside money worth three to six months’ salary to ensure they remain debt free should they face an emergency situation. According to independent financial advisory firm St Edmundsbury Financial Services, “too many demands”…
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Consumers are reigning in their spending in a bid to prevent themselves sliding into debt, Nationwide has suggested. Commenting on BBC One’s Breakfast programme, Nationwide chief economist Fionnuala Earley said that the “lagged effect” of interest rate rises is causing…
Homeowners around the UK have been warned to prepare themselves for a financial shock if their fixed-rate mortgage deal is set to expire over the course of the next few months. Nationwide suggests that around a quarter of a million…
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With debt management problems worsening for millions of UK consumers, the Trades Union Congress (TUC) has highlighted what it claims is a crisis in the country’s affordable housing provision. In order to get on to the housing ladder, the average…
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A new report has suggested that homeowners could be hit with unfair charges if they fail to meet the mortgage repayment demands of their respective lenders. According to moneysupermarket.com, fees for missed payments are charged at various rates by different…
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