With the base rate of interest now standing at 5.75 per cent, Sean Gardener from MoneyExpert has advised homeowners to protect themselves against further hikes by securing a fixed-rate mortgage deal as soon as possible. Millions of households are already…
Continue reading the "New warning for indebted homeowners" »
Figures from Woolwich show that the average first time homebuyer in the UK is now being asked to hand over almost a third of their monthly income to meet mortgage demands. And the debt management problems are most severe for…
Continue reading the "Young homebuyers ‘face financial struggle’" »
Research by moneysupermarket.com has discovered that close to 29 per cent of UK homeowners do not assess the mortgage deals available to them when renewing an arrangement and instead keep faith with their current lender. Furthermore, the price comparison firm…
Continue reading the "Mortgage borrowers ‘missing cheapest deals’" »
As part of a new initiative, the FSA has called on UK universities to take part in its Money Doctors scheme, which aims to give student advisors the resources they need to help the country’s indebted young people. Steve Stillwell,…
Continue reading the "Homebuyers warned over ‘hidden fees’" »
With less people able to pay a deposit up front as they aim to get a foot on the housing ladder, the number of deals that do not demand a deposit has more than doubled over the course of the…
Continue reading the "Mortgage markets ‘responding to affordability issues’" »
Responding to the latest figures from the Council of Mortgage Lenders showing that home loans are at their most unaffordable since 1992, Ms Wilmott has moved to highlight the plight of Welsh families, who could be facing serious debt management…
Continue reading the "MP highlights the plight of Welsh homeowners" »
Mr Bexon asserts that for many people aiming to get a foot on the first rung of the housing ladder the financial pressures are now proving to be too strong and many are deterred from buying altogether. Meanwhile, the recent…
Continue reading the "First-time buyers ‘can’t keep up financially’" »
The group found that 56 per cent of landlords did not return their tenants’ deposits for a variety of reasons such as property and furniture damage, cleaning costs, missed rental payments or unpaid utility bills. As a result, many tenants…
Continue reading the "Kept deposit money could result in bigger tenant debt" »
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