The rate of borrowing and the average cost of houses in the UK will continue to fall in weeks and months to come, one expert has asserted. Vicky Redwood from Capital Economics is convinced that fewer people will be able…
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A cut in the base rate of interest does not appear to be on the cards for later this month, according to one expert. Howard Archer, chief UK economist at Global Insight, is convinced that homeowners and consumers with debt…
The typical house price in the UK is now lower than it was a year ago, according to data from the Nationwide Building Society. Following what the financial services firm has described as a “difficult month for the housing market”…
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Anyone looking to borrow money in the UK is effectively fighting their fellow consumers for a share in what has become a “scarce resource”, according to one expert. David Kuo, head of personal finance at Fool.co.uk, has asserted that while…
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Selling a property is becoming increasingly difficult for people around the UK, according to recent research from Quickmovenow.com. The web-based home purchase company estimates that half of all property buys around the country are now falling through and this could…
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The scale of lending volumes within the UK’s housing sector will continue to fall, according to the Council of Mortgage Lenders (CML). In response to the Bank of England’s latest figures on consumer borrowing, the CML suggested that activity will…
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Consumer confidence has hit a new 15-year low as debt management issues spiral out of control for many thousands of families. According to the latest data from GfK NOP, the state of the economy and the lack of money in…
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The scale of lending by financial service firms in the UK increased at a slower rate during March than the previous month, according to the latest data. Figures from the Bank of England show that there was an extra £8.2…
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