The 12-week consultation will aim to canvass opinion on how to make IVAs simpler for all those involved, it has been revealed. A statement from the service read: “There are proposals to reduce the administrative burden and on insolvency practitioners…
While debt management difficulties continue to increase nationwide, the council has demonstrated that for first-time buyers in Britain the average percentage of their monthly income spent on mortgage repayments during March 2007 had risen from 16 to 18.3 per cent…
Continue reading the "Mortgages ‘becoming less affordable’" »
Lee Grandin, managing director of lettingagent.com, makes clear that which ever part of the country a British consumer might be from, it is often worth using the internet to get a clearer picture of how much rent they ought to…
Continue reading the "Consumers advised to search out “rental bargains”" »
Brits are still keen to invest in property despite the potential for debt management difficulties in light of recent interest rate rises and the likely prospect of a further increase in the cost of borrowing this month, figures from Property…
Continue reading the "Bigger mortgage debts ‘no deterrent’" »
Mr Sampson points to the growing number of people approaching his organisation for advice and information on the home repossessions process to substantiate his claim. “In the last six months we have seen the number of people clicking on the…
Continue reading the "Shelter fires repossessions warning" »
The Insolvency Service has revealed that in the year ending March 31st 2007 there were 113,089 people who opted to declare themselves bankrupt or enter into an Individual Voluntary Arrangement (IVA) in the UK. Additionally, the service noted that there…
Continue reading the "Personal insolvencies up 23% in a year" »
Inflation rises and the ongoing growth in property markets around the UK will see the bank increase its base rate of interest to 5.5 per cent, suggests director of housing at Legal & General, Stephen Smith. “With inflation running away…
Continue reading the "Bank set to “turn the screw on borrowers”" »
With debt management difficulties mounting up for millions of people around the country, the financial comparison service has discovered that close to 2.29 million banking customers have changed their service providers over the course of the last three months. “Current…
Continue reading the "British banking customers ‘on the move’" »
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