At present, mortgages fixed at a certain rate of interest for five years or more account for just eight to ten per cent of the total UK market, with the vast majority of under ten years in duration, according to…
Continue reading the "Government supports fixed rate mortgages to reduce debt" »
The comments come soon after reforms to secondary education across England and Wales were announced by the government and, while the subject of “economic wellbeing”, which includes dealing with personal debt, is set to be introduced, many personal finance experts…
Continue reading the "Government ‘misses chance’ to educate on debt" »
However, the potential slowdown has come at a price, with interest rates now 1.25 per cent higher than they were a year ago, meaning that many people are facing debt problems despite a cooler market. It seems that the property…
According to the Citizens Advice Bureau (CAB) in the country, debt is the issue with which most of its frontline counsellors are confronted. The mounting debt problems in the UK mean that an increasing number of people are heading to…
As a result of the complicated system, many on the lowest incomes are having to pay a 40 per cent rate of tax and then having to wait for weeks, or even months, to be refunded due to backlogs at…
Continue reading the "Poorest pensioners ‘struggling due to tax system’" »
According to the organisation, property prices tend to be set by existing housing stock rather than by new builds, with this fact acknowledged by the government’s own research into the market and issues of affordability facing prospective first-time buyers by…
Continue reading the "CPRE: Affordability issues set to stay" »
With the latest figures showing first-time buyers are feeling the pinch of rising house prices, there is concern that the cost of getting on to the property will leave people struggling to become debt free. In addition, all homebuyers are…
Continue reading the "CML: Affordability problems on the rise" »
Market researchers at Datamonitor say the sub-prime market which facilitates mortgages for those people with poor credit histories is set to grow at a quicker rate than the mainstream market. The firm said that it expected the market would reach…
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