The fall in the number of mortgage deals agreed in October could mean that the Bank of England will opt to reduce the base rate of interest next month, it has been suggested. Simon Rubinsohn, chief economist at the Royal…
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Would-be homebuyers and people looking to remortgage in the UK have been urged to assess all aspects of a home loan deal before committing to a particular arrangement. A recent study by Moneysupermarket.com concludes that almost three-quarters of all homeowners…
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Prospective home buyers have been warned that by entering a fixed-rate mortgage deal they could be adding to their future debt management difficulties. A fixed-rate home loan protects against rises in the base rate of interest for a specified period…
A report from the accountancy firm PricewaterhouseCoopers has predicted that the number of people entering an Individual Voluntary Arrangement (IVA) will increase next year. “Over-borrowing” and increased rates of interest will see debt management problems spiral out of control for…
The Financial Services Authority (FSA) has singled out a number of mortgage lenders from around the UK whose practices it deemed to be sub-standard, it has been revealed. Many British consumers have found themselves facing serious debt management difficulties after…
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Credit consumers across the UK are cutting back on the amounts of money they borrow from high-street lenders, according to the most recent data from the British Bankers Association (BBA). Millions of people in the UK are struggling to become…
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Home loans are likely to become more expensive over the course of the next few months, according to the Council of Mortgage Lenders (CML). Financial markets in the UK and around the world have been pressurised in recent months and…
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People planning to move home in the UK have been warned that they could face costly bills for having their phone lines rearranged. According to uSwitch.com, staying with a phone service provider could cost each person moving house as much…
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