Homeowners need to take action quickly if they are to deal with the “twin threat” of falling house prices and rising repayment demands, it has been claimed. David Kuo, head of personal finance at Fool.co.uk, has insisted that people facing…
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The Bank of England’s monetary policy committee (MPC) voted unanimously to reduce the base rate of interest for the UK at its most recent meeting, it has been revealed. According to the minutes of the MPC’s February meeting, eight members…
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British homeowners are confused about what kind of mortgage arrangement will suit them best when their currently deal expires, according to recent research. Figures from Abbey Mortgages have shown that around two-thirds of all the people it polled would be…
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Consumers in the UK need to be on their guard against the unscrupulous practices of property sale and lease back scheme providers, it has been claimed. Key Retirement Solutions has expressed its concerns that homeowners facing debt management problems could…
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The government has been accused of being complacent about the state of the UK’s housing market as the rate of repossessions is expected to increase considerably. Many thousands of families are faced with the threat of repossession and the Liberal…
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Vince Cable, the economic spokesperson for the Liberal Democrats, has warned that the UK could soon be dealing with a trend towards “mass bankruptcy and repossession”. Mr Cable’s comments came after official figures showed that a record number of people…
A report from Citizens Advice has highlighted some of the debt management problems being faced by millions of families around the UK. The organisation has said that it saw an increase of 11 per cent in the number of homeowners…
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The number of people committing to take on a mortgage loan fell by around 22 per cent in December of last year, according to the latest figures from the Council of Mortgage Lenders (CML). Around 62,000 mortgage loan deals were…
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