A report by the University of Salford suggests that if housing associations reduced the amount of unpaid rent owed by a tenant they are less likely to rely on non-mainstream forms of credit. This actually helps landlords because it means…
Continue reading the "Financial inclusion ‘good news for tenants and landlords’" »
Moneyextra said that in 2006, the average value of property searched on its mortgage comparison tool went up by 7.44 per cent to £223,310, while the average mortgage amount went up even more sharply at 8.91 per cent. Robin Amlot,…
Continue reading the "Britons chasing high prices despite debt" »
The retail price index, compiled by the Office for National Statistics, shows that inflation rose to 4.4 per cent in December the highest level since 1991. Another indicator, the consumer price index (CPI), which excludes council tax and housing costs,…
Continue reading the "Inflation figures spark off interest rate fears" »
Citizens Advice states that the 0.25 per cent increase, which has surprised many analysts, might cause increased numbers of homeowners to fall behind with their mortgage repayments. Peter Tutton, policy officer at Citizens Advice, said that several hikes in a…
Continue reading the "Rate rise ‘could increase number of repossessions’" »
An increase to 5.25 per cent will mark the third rate rise in the last six months for mortgage lenders, says Liberal Democrat shadow chancellor Vince Cable. He adds that this “unexpected rise” will lead to further trouble for those…
Continue reading the "Lib Dems criticise government’s attitude to debt" »
Research suggests that mortgage rates have increased over the past two years, with a two-person household having to spend about 22 per cent of their take home pay on their loans. This is an almost ten per cent increase from…
Karen Barrett of unbiased.co.uk commented on findings that 76 per cent of parents who lent money to children to buy homes do not expect to see it repaid. “Even though our research shows parents are willing to help their children…
Continue reading the "Parents ‘need advice before large financial commitments’" »
In the Alliance & Leicester survey, 42 per cent of those hoping to buy a home cannot afford one as they struggle to clear debt and raise a deposit. Stephen Leonard, director of mortgages at Alliance & Leicester, said that…
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.
