Responding to the latest figures from the Council of Mortgage Lenders showing that home loans are at their most unaffordable since 1992, Ms Wilmott has moved to highlight the plight of Welsh families, who could be facing serious debt management…
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With consumers across the country facing debt management problems, figures from uSwitch.com have shown that only one in eight Britons have secured the cheapest utilities deal they are entitled to. In fact, more than 12.5 million UK consumers are “paying…
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Christopher Dean from the Council of Mortgage Lenders (CML) insists that while introductory offers can be beneficial in the short term, homeowners can often have more pressure on their finances in years to come. “What [homebuyers] really need to do…
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According to recent research, first-time buyers in the UK paid out 18.7 per cent of their household incomes on mortgage interest during April, which represents a new 15-year high. Furthermore, as debt management problems increase across the country, the CML…
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Howard Archer, chief UK and European economist at Global Insight, suggests that inflation pressures, which are assessed by the rate-setting monetary policy committee, will lead to the cost of borrowing being increased during 2007. And with millions of British people…
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The organisation suggests that professional financial advisors ought to gain a qualification in treating customers fairly (TCF) in line with relevant Financial Services Authority guidelines. And as debt management problems mount nationwide, the ifs School of Finance is keen to…
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Mr Cable suggests that the Bank of England’s decision to maintain the cost of borrowing this month will not spare homeowners a host of debt management worries in the current climate of rising interest rates. Part of the problem is…
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Any such increase would heighten the debt management problems of millions of homeowners and credit consumers in the UK, but figures from Barclays show that a large majority of investment experts expect the cost of borrowing to rise. In fact,…
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