Money lenders across the UK have been urged to be more sympathetic to the plight of their customers who are facing a desperate struggle to become debt free, it has emerged. Citizens Advice is keen to see mortgage lenders in…
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Gaining appropriate debt advice can help struggling homeowners avoid having their property repossessed, it has been suggested. According to the Council of Mortgage Lenders (CML), anyone with serious housing-related debt management problems should seek expert help as they battle to…
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Affordable home loans are becoming hard to find and the trend is likely to continue, according to the Royal Institution of Chartered Surveyors (Rics). The organisation is convinced that as tens of thousands of homeowners are obliged to find a…
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Money lenders in the UK have been urged to do more to help homeowners who are struggling to manage their debts effectively. The National Consumer Council (NCC) is keen to see financial services firms take a more nuanced approach when…
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The number of possession claims filed by money lenders and landlords has risen by around 16 per cent in England and Wales over the course of the past year, it has been announced. According to the latest data from the…
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The base rate of interest has been held at five per cent, the Bank of England has announced. Members of the bank’s monetary policy committee (MPC) opted not to take action on interest rates having reduced them last month in…
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A new advice service has been introduced that will aim to help individuals around the UK who are at risk of losing their home due to debt management problems, it has been announced. The UK Insolvency Helpline claims to offer…
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More and more British consumers are changing their spending habits in response to the credit crunch and its impact on their finances, it has been suggested. According to data compiled by the Fair Investment Company, around 13 per cent of…
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