Following successful trials, the saving scheme could see the government match a pound for every pound saved, which should encourage poorer people to save, a report has claimed. A Treasury source told the Financial Mail that the project is likely…
Continue reading the "New saving scheme proposed for those in debt" »
According to engage Mutual Assurance, a quarter of Britons are waiting until they are over 30 to get their first home, while debt has pushed the average marriage age up from 24 in 1986 to 27 today. Londoners suffer the…
According to moneysupermarket.com, Britons are in a £35 billion “trap” already as they extend the term of their mortgage, increasing the probability of repaying this debt as a pensioner. Louise Cuming, head of mortgages at moneysupermarket.com, said: “It is clear…
Continue reading the "‘Everlasting’ mortgage debt warning" »
Personal loans and credit card debt grew compared to July by £1.1 billion, a twenty per cent increase on monthly growth. Mortgages for new homes stood at 119,000, lower than July’s figures, but the amount of people seeking to remortgage…
Alliance & Leicester’s latest report has revealed that the average FTB has £5,860 of debt and the building society has warned that it is sensible to clear this first before committing to a mortgage. “Our research reveals that while many…
Rather than going on protest marches or lounging in the union or common room, 86 per cent of students in the LloydsTSB survey said that they would rather clear debt and get a good degree. Marcus Banks from Lloyds TSB…
Continue reading the "Debt driving students away from drink" »
According to consumer finance website uSwitch.com, 11 per cent of account holders pay a total of £530 million in fees, but a quarter of holders ignore the perks they are paying for. More worrying still, the website claims that banks…
According to the American Express study, a quarter of parents spend over £100 on their child’s first birthday party with an average of £84 on presents. However, once costs for invites to other parties and the necessary gifts are added…
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