Consumers around the country could be risking debt management problems in their desperation to get a foot on the housing ladder, a new report has suggested. Bradford & Bingley has warned would-be first-time buyers to be careful not to overstretch…
Continue reading the "Brits ‘desperate’ to take on mortgages" »
New figures from the Council of Mortgage Lenders (CML) have shown that would-be first-time buyers in the UK are facing a financial struggle to get on the property ladder. As debt management problems increase around the country, the number of…
Continue reading the "First-time buyers ‘feeling financial squeeze’" »
Michael Coogan, director general of the CML, told BBC Radio 4’s PM programme that some customers have problems repaying their mortgages as they have debt management issues. The CML director general recognised that “for some customers, particularly if they’ve overstretched…
Continue reading the "Debt from credit cards ‘making mortgage repayments difficult’" »
Given the current climate of rising interest rates, fixed-rate deals are tempting more and more British consumers, but redemption fees can often run in to many thousands of pounds, according to MoneyExpert.com. With millions of Britons already dealing with debt…
Continue reading the "Fixed-rate mortgages ‘can have sting in the tail’" »
Each firm has been fined £10,500 as the FSA takes steps to clamp down on mortgage lenders handing out loans that leave consumers with an unsustainable debt management situation. As part of a review of more than 250 companies around…
Continue reading the "Mortgage lenders slammed for ‘poor processes’" »
Figures from LV= show that around 15 per cent of British consumers aged under 35 would be willing to take on mortgage arrears amounting to four times their annual income. And close to seven per cent of would-be homebuyers in…
Continue reading the "Young Brits warned over mortgage debt" »
Figures compiled by Scottish Widows show that thousands of would-be first-time buyers in the UK are finding property purchases unaffordable and existing debts are now a major cause for concern. The latest study shows that around a third of graduates…
Continue reading the "First-time buyers ‘facing debt problems’" »
Figures collected by online mortgage firm mform.co.uk show that with close to 14 million Britons aiming to buy a house in the next three years, more than half will take on loans worth three times the annual wage. In addition,…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
