Borrowers in the UK are to benefit from proposed revisions to the mortgage market by the Financial Services Authority (FSA), which will see affordability tests imposed on all mortgages to make lenders responsible for verifying an individual’s ability to pay.…
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Brits have been advised to turn to the internet to handle financial payments during the upcoming postal strikes so as to avoid incurring fees – a recommendation that could prove particularly useful to people struggling with debt management. Chief executive…
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Those entering into retirement – and those already there – ought to contemplate taking up work during their twilight years, an industry expert has suggested, as a way of boosting their incomes and perhaps prevent them falling into debt. Andrew…
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Positive changes in attitudes towards money as a result of the recession are not expected to last, an insurance group has warned. Research from Aviva revealed that, although lifestyle alterations were made to save funds, just 35 per cent of…
Claims management companies (CMCs) have been dismissed by consumer champion Which? as a poor way for Britons to lower their debt levels. CMCs offer debtors the chance to discount outstanding debt on credit cards and loans using legal loopholes in…
Those currently out of work could find themselves paying more for products such as home insurance, a comparison website has warned, suggesting that those in debt could find their situations worsening as a result. According to Confused.com, many people remain…
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New students could find themselves leaving university with greater levels of debt if the Conservatives implement plans to increase the amount of fees paid by those attending higher education institutions. The party has indicated that it is to consider raising…
Lack of trust in the financial sector and the quality of the products on offer are leading to an increase in supermarket lending, an expert has said. Head of personal finance at lovemoney.com Ed Bowsher noted that services provided by…
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