Borrowers around the UK are having face up to the new reality that credit has become much more expensive to access, it has been suggested. According to Jamie Elliott, coordinator at financial inclusion network Transact, Britons are finding their budgets…
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The base rate of interest has been held at five per cent, the Bank of England has announced. Most analysts anticipated that the bank’s monetary policy committee (MPC) would hold fire on the cost of borrowing this month in light…
Halifax has reported a 2.4 per cent drop in the average price of a property in the UK over the course of last month. The financial services firm maintains that the fundamental aspects of the economy are strong and has…
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The chief executive of the property investment firm Assetz has called on the Bank of England to introduce a reduction to the base rate of interest, it has emerged. Stuart Law insists that a 0.5 per cent cut in the…
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Homeowners struggling with mortgage-related debt management difficulties have been urged to contact their lenders as soon as possible to avoid being repossessed. According to the Council of Mortgage Lenders (CML), its members are keen to help their customers avoid repossession…
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The health of the UK’s housing sector is set to get worse in months to come, according to one expert. David Kuo from price comparison firm Fool.co.uk is convinced that the trend which is seeing fewer and fewer people approved…
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Credit deals available in the UK are getting worse as far as borrowers are concerned, according to a recent study. Figures from Moneyfacts have shown that the costs associated with taking on credit card debt have been increasing in recent…
The financial strain brought on by the credit crunch has left millions of British homeowners feeling trapped, new research has suggested. According to figures from Gocompare.com, there are close to 3.6 million people in the UK who feel that their…
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