Abbey has found that affordability and a lack of savings are holding back home-ownership, showing that many would benefit from advice on becoming debt free to get a house. “There are people who feel that they do not want to…
Continue reading the "7m kept off property ladder by debt" »
According to Birmingham Midshires, savings levels have dropped by a fifth in the past three months, meaning that many Britons may need to start formulating a Yuletide debt management plan now. Jason Robinson, director of savings operations for Birmingham Midshires,…
Continue reading the "Savings down in build up to Christmas" »
According to moneysupermarket.com, up to 76 per cent of Britons now include putting on a jumper rather than turning up the heat as part of their debt management plan due to costs. “It is clear that people are worried about…
Hernel Burgher, 45, was sentenced to 40 days imprisonment by Nottingham magistrates for accumulating four years’ worth of council tax debt worth £2,742. Councillor Michael Edwards, deputy leader of the city council, warned in the BBC that the council would…
In the Family Investments report, 39 per cent of parents said that they did not understand or were unsure of the difference between child trust funds (CTFs), which could cost them and their offspring dearly. “Parents see cash as a…
According to IFA Promotion, there was a 13 per cent rise in demand this summer in the amount of people looking for advice on becoming debt free and other financial queries. In a sign that people are heeding calls to…
According to the Alliance Trust, London house prices are 4.4 times the average annual income compared to 2.6 times in 1970, while the existence of student loans and easier credit means that many FTBs have large debts. Shona Dobbie, head…
Continue reading the "Debt helping to make it harder to get a home" »
Scottish Widows claims that 44 per cent of households require two salaries to keep an acceptable standard of living up, yet a quarter of homes have no savings for emergencies to repay debt. “The majority of the population is walking…
Continue reading the "Britons walking “financial high wire”" »
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