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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A new report has suggested that homeowners could be hit with unfair charges if they fail to meet the mortgage repayment demands of their respective lenders. According to moneysupermarket.com, fees for missed payments are charged at various rates by different…
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The Bank of England looks very likely to maintain the base rate of interest in the UK at its current level of 5.75 per cent, one expert has asserted. Ahead of the bank’s decision on Thursday September 6th, Howard Archer,…
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An increasing number of homeowners around the UK are remortgaging their properties in an effort to become debt free , one expert has asserted. Sue Anderson, head of member and external relations for the Council of Mortgage Lenders (CML), suggests…
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A number of different economic factors have ensured that young consumers in the UK are facing the deepest debt management problems, according to reports. Economics editor at the Independent Sean O’Grady insists that “debt is concentrated among the young” and…
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Thousands of people in the UK are regretting the fact that they rushed a decision to make a property purchase, according to a new study. Ing Direct reports that more than one in four new homeowners regrets their snap home…
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The Consumer Credit Counselling Service (CCCS) has suggested that young British homeowners are facing serious debt management difficulties as they attempt to maintain control of their finances. Figures from the charity organisation show that debt levels among British consumers aged…
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Five rises in the base rate of interest since August of last year have begun to impact the spending habits of UK consumers, according to one analyst reflecting on the latest inflation data. Mark Baker from Alliance & Leicester suggests…
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