Recent mortgage figures reveal that while the market has steadied over the last few months it remains depressed, according to one expert. Director general of the Building Societies Association Adrian Coles said that although the economic situation seems to be…
Continue reading the "Lending ‘continues to stabilise but is still low’" »
Recent research suggesting that the high-end property market is stagnating due to stringent lending on the part of mortgage providers has been dismissed by one specialist. Jeremy Way, director at estate agents Hirch Way & Ambler, said that expensive residences…
Continue reading the "Expert denies lenders are withholding mortgages" »
Low interest levels on standard savings accounts are causing those putting money aside to seek out risky investments, one specialist has claimed. James Booker at comparison site Which4u.co.uk suggested that consumers are looking towards investment bonds, with many showing more…
Continue reading the "People ‘are making increasingly risky investments’" »
People in Britain are saving more money now than at any point in the last four-and-a-half years, a new survey has suggested. According to a report by NS&I, individuals in the UK are holding back £92.41 a month, which is…
Continue reading the "People ‘trying to save their way out of debt’" »
The government’s commitment to providing everyone with access to financial support has moved closer to its goal, an expert has suggested. David Dooks, statistics director at the British Banking Association, said the universal banking initiative had opened up a number…
Continue reading the "Financial inclusion ‘one step closer’" »
Policy makers may be able to help retirees through the current pension crisis if they act now, one specialist has suggested. Ros Altmann, an independent pensions expert, revealed concerns that those in power may find it difficult to empathise with…
Continue reading the "Policy makers ‘can help pensioners’" »
People need to be fully prepared before they purchase a house in the current economic climate, one expert has suggested. According to head of consulting at property investment consultancy Ducalian Timothy Lambert, prospective buyers should be willing to “do their…
Continue reading the "Avoiding negative equity ‘needs planning’" »
Debt solutions provider ClearDebt has received thanks from the Office of Fair Trading (OFT) for their co-operation in highlighting poor practice on the part of three companies. The enterprises are now being investigated for misleading consumers with promises of buying…
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