Debt making students live at home
In the NatWest survey, over a fifth of students now live at home, an increase of a third in just a year, with 71 per cent of students fearing that “money will be very tight”. “Concern over the cost of…
Bank maintains rate
Milan Khatri, chief economist at the Royal Institute of Chartered Surveyors (Rics), commented that an increase next month – and with it an increase in debt repayment for mortgages linked to the rate – is “firmly on the cards”. He…
Graduates downbeat about housing prospects
In Scottish Widows’ survey of graduate first-time buyers (FTBs), debt is driving many to buy a home jointly with a partner, but over two-thirds would not be able to buy them out if things go wrong. “For graduates to stand…
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1m taking advantage of better financial management
According to the British Bankers’ Association (BBA), this figure is a “milestone”, an indication that many people are taking the first steps to better financial management. A bank account allows consumers to keep better track of their finances, vital for…
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House price increase warning
Average property prices in the south east are set to rise to £322,000 by 2011 according to Oxford Economic Forecasting, an increase of 40 per cent. Derek Cash, head of south region at the National Housing Federation, said: “Our projections…
Tax-credit debt trap warning
A new report from the Institute for Fiscal Studies (IFS) claims that rather than encouraging people to get a job with the prospect of promotions, pay rises and the means to clear debt, many people are staying on benefits. “These…
£20bn of unwanted gadgets
According to Direct Line, the average child’s room is worth £1,498, mostly due to electronic goods, yet many of these are rarely used. “As parents know all too well, kids need to have the latest electronic goods in order to…
Students urged to brush up on housing law
Ignorance of the law is costing students dearly, housing charity Shelter claims, through payment for repairs or services that are a landlord’s responsibility, or losing money on deposits. Adam Sampson, chief executive of Shelter, said to This is Money: “By…
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