People may be having trouble obtaining finance for a home because there is not enough competition between providers, one expert has suggested. Director of the Association of Mortgage Intermediaries (AMI) Robert Sinclair called current conditions in which a small number…
Continue reading the "Competition in the mortgage market is ‘important’" »
Mortgage lending continues to be a problem and many first-time buyers are relying on their parents for financial support when purchasing a property, one expert has suggested. Paul Samter, economist at the Council of Mortgage Lenders (CML), remarked that borrowers…
Continue reading the "Parents ‘helping children buy their first home’" »
People who have retired are increasingly looking towards investing their pension in the stock market, new research has suggested. According to a study by Prudential, over one in three people (35 per cent) chose the stock market and other investments…
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Tomorrow’s Bank of England Monetary Policy Committee (MPC) meeting is likely to leave the interest rate unchanged, according to one expert. Economist at financial data company Defaqto Michael Baxter said that it is “way too early” to start increasing the…
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The Financial Services Authority (FSA) should do more to help those in debt with their mortgages, according to one expert. Principal policy adviser at consumer body Which? Dominic Lindley stated that by withholding the names of mortgage providers who are…
Individuals should look for financial guidance when they get into trouble with their mortgages, one expert has suggested. Chairman of the Financial Services Consumer Panel Adam Phillips told the Council of Mortgage Lenders that debt advice should not be a…
Continue reading the "People ‘are not seeking debt advice on mortgages’" »
An expected increase in the number of people defaulting on loan payments should not be considered startling, according to one expert. Victoria Barnard, policy adviser at the Building Societies Association, stated that the decline in people being evicted from their…
Continue reading the "Rising arrears ‘should not be considered alarming’" »
People in Britain who say they do not save because of insufficient earnings probably would not save even with a higher income, new research has suggested. Comparison site moneysupermarket.com found that over half of individuals responding to a survey said…
Continue reading the "People are “kidding themselves” about saving" »
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