The introduction of a 100 per cent mortgage by a national building society has been praised as being a positive move by an industry expert, not just for first-time buyers but for brokers and advisors as well. New plans from…
The general secretary of the University and College Union has attacked new proposals from the Confederation of British Industry (CBI), which she believes are simply a list of ways to put students in larger amounts of debt. Sally Hunt said…
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Citizens Advice has called for regulation of the consumer credit sector to be strengthened in its latest manifesto, entitled No one left behind. The organisation outlined a number of measures that would be helpful to those in debt, including setting…
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A significant number of borrowers with tracker mortgages benefiting from historically low interest rates are electing to use the savings to pay off personal debt, a new study has shown. Unbiased.co.uk found that while 53 per cent are failing to…
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People in serious debt would benefit substantially from the implementation of a government-backed code of practice for those offering debt advice, it has been suggested. According to Jessica Brown of talkaboutdebt.co.uk, people suffering from severe debt problems are increasingly at…
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An increasing number of people seem to be opting for paying off debts rather than putting their money into savings accounts, an industry expert has noted. Michelle Slade of price comparison site Moneyfacts.co.uk observed that the savings rates, which “are…
Continue reading the "Attitudes to debt ‘appear to be changing’" »
University students already operating under mounting debt after taking out student loans may be adding to their money problems by accepting unpaid work placements, it has been suggested. According to research by Abbey, although seven million hours of unsalaried work…
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The Ministry of Justice has issued a consultation document designed to discover the best ways to help those suffering from debt issues. With an estimated 100,000 to 150,000 people entering debt management schemes each year, justice minister Bridget Prentice commented…
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