Mortgage borrowers across the UK are being faced with a gloomy set of circumstances as their fixed-rate arrangements come to end, it has been suggested. According to a report from MoneyFacts.co.uk, the swap rates for financial institutions peaked several weeks…
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The future for the base rate of interest in the UK has been described by one expert as being highly uncertain. Howard Archer, chief European and UK economist at the analyst firm Global Insight, is convinced that the base rate…
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The financial pinch currently being put on the pockets of people across the UK is getting increasingly tighter, new research has suggested. Figures compiled by Ernst & Young have revealed that Britons are on average 15 per cent worse off…
Would-be first-time buyers in the UK that are currently priced out of the property market have been urged to wait before taking on a home loan. Many first-time buyers struggle to deal with their mortgage-related debt management burden and by…
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Banking groups across the UK expect to see the credit squeeze continue for the next three months at least, according to a recent survey. A poll of money lenders by the Bank of England has established that financial service firms…
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Fears over inflation have reached their highest level the Citigroup and Yougov survey began three years ago. Over the course of the next 12 months, British consumers are expecting to see their spending power dip considerably as inflation reaches 4.6…
The typical British homeowner will avoid negative equity and the debt management problems associated with it, according to a report from GE Money Home Lending. Most property owners have benefited considerably from the sharp rises in house values and are…
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Millions of British consumers are using personal loan and credit card debt in order to cover their short-term housing costs, according to a new report. Figures compiled by Moneysupermarket.com show that almost seven per cent of adults in the UK…
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