It is still too early to predict a reversal of the house price decreases seen over the past year, the Royal Institution of Chartered Surveyors (Rics) has suggested. Simon Rubinsohn, chief economist at the organisation, said that a lack of…
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People with debt management problems should not turn to loan sharks for help, one expert has said. Beccy Wilks of the Money Advice Trust recommended that those who need to clear debt quickly seek guidance from independent organisations, which will…
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The number of bankrupt people in the UK is set to rise, according to new industry figures. R3’s president Peter Sergeant was quoted by the Sunday Times this week as saying as many as one million people will be technically…
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Consumers need to take care with buy now, pay later deals, according to one expert. Chris Tapp, director of Credit Action, warned that while they can be a good way for people on low incomes to purchase expensive products, they…
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Consumers are becoming more cautious about credit and debt, according to one expert. Building Societies Association director-general Adrian Coles stated that people are considering the implication of losing their jobs and wondering whether they should be watching their outgoings carefully.…
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Spanish banking giant Santander is to give all of its UK subsidiaries its global brand name from the first quarter of 2010. Bradford & Bingley savings, Alliance & Leicester and Abbey will all become known as Santander under the initiative,…
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Approximately 11 per cent of homeowners will have paid off their mortgages ahead of schedule within ten years as a result of current conditions in the marketplace. This is the suggestion of HSBC subsidiary First Direct, which revealed that the…
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Complaints to the Financial Ombudsman Service about credit cards, mortgages and consumer debt all rose during the 2008-09 financial year. A 34 per cent increase in grievances linked to these areas was observed by the watchdog, in addition to an…
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