Homeowners have been offered some tips on how to work towards becoming debt free in the future. Peter Bolton King, chief executive of the National Association of Estate Agents, advised that people should overpay on their mortgages if they can…

Older people are seeing thousands of pounds wiped off the value of their homes, which could lead to them experiencing debt management issues in the future, it has been suggested. Michelle Mitchell, charity director at Help the Aged and Age…

This year’s Budget will be “largely” ineffective in tackling the problems faced by homeowners and those looking to get onto the property ladder, it has been claimed. Peter Bolton King, chief executive of the National Association of Estate Agents, said…

Chancellor Alistair Darling has announced that he intends to tackle the number of repossessions being seen in the UK. During yesterday’s Budget announcement to the House of Commons, Mr Darling unveiled extra help for people struggling with debt management on…

A new scheme to help homeowners struggling with mortgage debt management problems has been introduced by the government. Borrowers who suffer from a temporary drop in income can receive help with home loans under the Homeowner Mortgage Support programme. It…

Homeowners facing the threat of negative equity on their properties have been offered some debt management advice by an industry insider. Andy Pratt, the chief operating officer at Alexander Hall, noted that the risk posed by the situation – in…

Many older people are left repaying mortgage debt well into their twilight years, it has been noted. Figures from Key Retirement Solutions have revealed that the average borrower aged 65 or over owes £43,069 on their home loan. The data…

Releasing funds from a property is becoming an increasingly important method of raising cash for older people in the wake of the economic downturn, it has been noted. Alex Edmans, an advisor from Saga Personal Finance, said that equity release…