Debtors could see interest rates increase over the next year if the expectations of residential property investors hold true. The latest Young Index investor sentiment survey by the Young Group revealed this sector anticipates an increase to the Bank of…

People are trying to improve the state of their finances as a result of increased levels of debt, one expert has suggested. Howard Archer, IHS Global Insight’s chief UK economist, was quoted by the Times as indicating this could be…

A significant number of borrowers with tracker mortgages benefiting from historically low interest rates are electing to use the savings to pay off personal debt, a new study has shown. Unbiased.co.uk found that while 53 per cent are failing to…

Most people struggling with debt management who have fallen behind on mortgage repayments do not see their homes repossessed, new research has indicated. Findings from the Building Societies Association (BSA) revealed that 97 per cent of those in arrears have…

Homeowners who are still paying money towards interest-only mortgage loans should consider moving to repayments to take advantage of the decreased interest rates, an industry expert has said. According to Catherine Hearnden, director of MyMortgageDirect, the fact that many people…

Mortgage lenders are continually increasing market margins in order to stabilise themselves, at the expense of those looking for loans, an industry expert has said. According to Michelle Slade from Moneyfacts.co.uk, rules that previously applied to lenders such as passing…

House prices remain too high for most first-time buyers, it has been suggested. PricedOut.org.uk spokesperson Katy John stated that the average property is still worth over five times the mean average income, making them too expensive for many. Her comments…

Those considering equity release should seek out independent advice beforehand, it has been suggested. Dean Mirfin, director of the Key Retirement Solutions group, claimed that his organisation always recommends this course of action as most plans are only available through…