Credit card debt and unsecured lending both fell in August 2007 while mortgage lending rose, according to the latest figures from the British Bankers’ Association (BBA). The BBA said that net mortgage lending rose by an underlying £6.1 billion during…
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The average level of mortgage debt among people aged between 25 and 34 in the UK almost doubled within ten years, according to the latest figures. A study by the National Centre for Social Research and the International Longevity Centre…
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A number of mortgage lenders have increased their repayment demands, despite the Bank of England’s decision to maintain the base rate of interest earlier this month, it has been revealed. Louise Cumming, head of mortgages at moneysupermarket.com, notes that the…
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Prospective mortgage borrowers in the UK have been warned that hey could be charged non-refundable fees simply for applying for a particular home loan. According to mform.co.uk, a number of high-street lenders are charging anyone who applies for a mortgage,…
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First homes are becoming less affordable for consumers around the UK, according to the latest figures from the Council of Mortgage Lenders (CML). As debt management problems worsen for millions of people around the country, the CML data shows that…
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Rental rates on properties around the UK have been increasing in recent months, the Royal Institute of Chartered Surveyors (Rics) has made clear. The increases could lead to further debt management difficulties for consumers across the country and have been…
People who have sought a debt consolidation loan in the past or who have a bad credit history may have trouble finding a mortgage from a sub-prime lender, according to a first-time buyer solution provider. Paul Holmes, chief executive officer…
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Homeowners around the UK have been warned to prepare themselves for a financial shock if their fixed-rate mortgage deal is set to expire over the course of the next few months. Nationwide suggests that around a quarter of a million…
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