A warning has been issued over a clause in some mortgage deals that could see British borrowers lose their homes without realising they were at risk. Certain lenders include an “all monies charge” in their mortgage contracts that mean customers…
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Many families in the UK are not in a strong enough financial position to face the economic squeeze that is set to come in 2008, according to one MP. Phillip Hammond, a treasury spokesperson for the Conservative Party, has claimed…
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Lenders in the UK are on high alert and are extremely concerned about the risks involved with offering deals to potential customer, it has been suggested. The Royal Institute of Chartered Surveyors (Rics) has claimed that the cautious attitude to…
British borrowers have been urged to switch their loan providers half way through a particular deal if more competitive alternatives are available. According to uSwitch.com, failing to change loan providers when better deals are available costs people aiming to become…
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The recession that many experts believe is in the making in the US is the result of millions of consumer taking on more personal debt than they can cope with, according to one expert. Neil Smyth from the Taylor Wessing…
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British consumers look likely to start reigning in their spending over the coming weeks and months, according to one expert. Howard Archer, chief UK and European economist at Global Insight, has suggested that lending criteria is already being tightened and…
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Levels of mortgage lending around the UK have been weakened in recent months, the British Bankers’ Association (BBA) has made clear. According to data complied by the organisaiton, the various pressures on household finances that have been increasing in recent…
The days of frivolous spending that have marked the past decade across Britain are coming to an end, according to the assessment of one personal finance expert. Millions of people are already struggling with their respective debt management burdens, but…
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