The current financial market could have “implications” for those in debt during 2008, warns the Financial Services Authority (FSA). The FSA has published its Financial Risk Outlook, which warns that the current economic climate could pose problems for those with…
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Many families in the UK are not in a strong enough financial position to face the economic squeeze that is set to come in 2008, according to one MP. Phillip Hammond, a treasury spokesperson for the Conservative Party, has claimed…
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British consumers around the country are facing up to the reality of their personal finance and debt management realities in the early part of this year, it has been claimed. According to the assessment of Richard Watters from the property…
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Lenders in the UK are on high alert and are extremely concerned about the risks involved with offering deals to potential customer, it has been suggested. The Royal Institute of Chartered Surveyors (Rics) has claimed that the cautious attitude to…
British borrowers have been urged to switch their loan providers half way through a particular deal if more competitive alternatives are available. According to uSwitch.com, failing to change loan providers when better deals are available costs people aiming to become…
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The costs associated with renting property in the UK have been rising at their fastest rate on record in recent months, according to a new report. A study by Paragon has found that the cost of renting increased by as…
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The recession that many experts believe is in the making in the US is the result of millions of consumer taking on more personal debt than they can cope with, according to one expert. Neil Smyth from the Taylor Wessing…
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Levels of mortgage lending around the UK have been weakened in recent months, the British Bankers’ Association (BBA) has made clear. According to data complied by the organisaiton, the various pressures on household finances that have been increasing in recent…
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