Halifax has reported a 2.4 per cent drop in the average price of a property in the UK over the course of last month. The financial services firm maintains that the fundamental aspects of the economy are strong and has…
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The chief executive of the property investment firm Assetz has called on the Bank of England to introduce a reduction to the base rate of interest, it has emerged. Stuart Law insists that a 0.5 per cent cut in the…
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A report from the Competition Commission (CC) has suggested that British borrowers are being overcharged to the tune of almost £1.4 billion for payment protection insurance (PPI). The insurance is designed to help people who find themselves unable to cope…
Homeowners struggling with mortgage-related debt management difficulties have been urged to contact their lenders as soon as possible to avoid being repossessed. According to the Council of Mortgage Lenders (CML), its members are keen to help their customers avoid repossession…
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British consumers and would-be borrowers have become generally pessimistic about their chances of being approved for credit, it has been suggested. A recent study found that two-thirds of people believe they would stand no chance of being given a loan…
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Close to half of all credit card users in the UK are unaware of the annual percentage rate (APR) payable on their plastic, new research has found. In fact, more than a third of all people who use credit card…
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The health of the UK’s housing sector is set to get worse in months to come, according to one expert. David Kuo from price comparison firm Fool.co.uk is convinced that the trend which is seeing fewer and fewer people approved…
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Credit deals available in the UK are getting worse as far as borrowers are concerned, according to a recent study. Figures from Moneyfacts have shown that the costs associated with taking on credit card debt have been increasing in recent…
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