A number of mortgage lenders have increased their repayment demands, despite the Bank of England’s decision to maintain the base rate of interest earlier this month, it has been revealed. Louise Cumming, head of mortgages at moneysupermarket.com, notes that the…
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High street banks in the UK have a conflict of interest that means they are unlikely to offer entirely impartial debt advice, it has been suggested. A spokesperson for Debt Free Direct claims that creditors are likely to advise their…
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British consumers could avoid adding to their debt management misery by giving careful consideration to their financial options before opting to borrow more money, one expert has asserted. James Ketchell from the Consumer Credit Counselling Service (CCCS) suggests that people…
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The Bank of England will maintain the cost of borrowing at its current level of 5.75 per cent “for the time being”, according to one expert. In what will come as welcome news for many British consumers in search of…
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Prospective mortgage borrowers in the UK have been warned that hey could be charged non-refundable fees simply for applying for a particular home loan. According to mform.co.uk, a number of high-street lenders are charging anyone who applies for a mortgage,…
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Recent research has shown that consumers are facing increased fees when switching their credit card debts. According to figures compiled by MoneyExpert.com, the average balance transfer fee levied against British credit card users now stands at 2.67 per cent, which…
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The National Union of Students (NUS) has made clear that it would not support the introduction of commercial rates on loans taken on by young consumers attending university. A spokesperson for the union insists that adding to the debt management…
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A new report has suggested that homeowners could be hit with unfair charges if they fail to meet the mortgage repayment demands of their respective lenders. According to moneysupermarket.com, fees for missed payments are charged at various rates by different…
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