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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Millions of people around the country are awaiting an inheritance windfall that they hope will help them become debt free, it has emerged. Research by Engage Mutual Assurance has found that a quarter of British consumers are planning to use…
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The newly nationalised Northern Rock bank is expecting a considerable surge in the number of people approaching its staff for debt advice, it has been suggested. An internal memo revealed that the bank is set to more than double the…
Mortgage-related debt management problems in the UK look set to become more serious than the crisis that occurred in 1992, it has been claimed. According to a report from the Axa insurance firm, there are more homeowners with borrowing arrangements…
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The UK’s housing sector slump has gathered pace in recent weeks, according to the latest data from the Nationwide Building Society. Average house prices are now 4.4 per cent below the corresponding figure for 12 months ago and the speed…
Cuts in the base rate of interest will not be made until August at the earliest, according to the assessment of one economic expert. Howard Archer, chief UK and European economist for Global Insight, maintains that the Bank of England…
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Money problems and debt management issues are the number one concern for consumers living in the UK, it has been revealed. Research carried out recently Prudential has found that financial matters are more of a concern for British people than…
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Mortgage deals being made available in the UK are disappearing much more quickly than was the case a year ago, according to recent research. Figures compiled by MoneyFacts.co.uk have shown that the average length of time during which a mortgage…
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