First-time buyers across the UK are paying out increasingly large portions of their monthly incomes to pay off interest on their mortgage loans, according to the latest figures from the Council of Mortgage Lenders (CML). Data released by the CML…
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The majority of homeowners in the UK would miss out on the potential for financial rewards presented by cuts in the base rate of interest, according to Lloyds TSB. While around 15 per cent of mortgage borrowers across the country…
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Despite taking on increasingly high levels of debt in order to own their own home, British consumers are not fully aware of why property prices have risen so sharply in recent years, it has been claimed. According to a poll…
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Problems surrounding the distribution of tax credits to families around the UK have seen many forced closer to debt management disaster, according to a recent study by Citizens Advice. The charity found that 80 per cent of tax credit claimants…
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UK consumers could be obliged to tighten their belts over the next few months as economic conditions leave many people out of pocket, according to one expert. Howard Archer, chief UK and European economist at Global Insight, insists that relatively…
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Mortgage borrowers around the country are increasingly looking to avoid the uncertainty of having a variable rate arrangement with their lender, according to recent research. Figures from Abbey show that almost eight in ten British consumers would opt for a…
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Despite a fall in mortgage lending in August, figures are still at “very high levels”, according to the Council of Mortgage Lenders (CML). Gross mortgage lending for August stood at £32.2 billion in total, a six per cent fall on…
Buying a new house and taking on the debt that such a process includes is more daunting than marriage, divorce, or starting a new business for Britain’s 18 to 24-year-olds, according to the latest research. The AA has revealed that…
Continue reading the "Buying a new home ‘daunting’ for Britons" »
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