Landlords with high loan-to-value (LTV) ratios have been hit “especially badly” by the economic downturn, it has been claimed. Residential Landlords Association chairman Alan Ward said that falling property prices have been detrimental to the sector, with some lenders demanding…
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Those in debt could be exposing themselves to unnecessary risks by not taking out comprehensive travel insurance while on holiday, one expert has suggested. Marketing director of online-based travel agency On the Beach Alistair Daly said a number of travellers…
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Mortgage providers may be causing confusion for prospective homeowners by rapidly withdrawing new products from the market, one expert has suggested. Peter Cowell, broker at Click n go Mortgages, said the average shelf life of a mortgage offer is reducing…
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Women are more likely to cut back during difficult economic conditions than their male counterparts, according to research. A Legal & General survey of 4,000 people revealed that top of the list on day-to-day savings made by females was spending…
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Savers should shop around to ensure they are making the most from their bank deposits, one expert has suggested. David Kuo, Fool.co.uk’s director, said that financial institutions are “desperate” for money at the moment and as such they are offering…
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University leavers should concentrate on debt management to cope with job restrictions in the current economic climate, one expert has suggested. Louis Kaszczak, head of financial services at Moneyfacts.co.uk, said formulating a payment plan is important once former students have…
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Individuals looking to purchase their first property may find themselves getting into financial difficulty by taking out a loan to fund the venture, one expert has suggested. Louise Cuming, head of mortgages at comparison site moneysupermarket.com, remarked that with 13…
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If the banking system returns to its previous methods of operation the recession has taught Britain nothing, one expert has suggested. UK Financial Investments Limited (UKFI), which has been tasked with managing the government’s stakes in Royal Bank of Scotland…
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