The Bank of England will maintain the cost of borrowing at its current level of 5.75 per cent “for the time being”, according to one expert. In what will come as welcome news for many British consumers in search of…
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More than five million people around the UK are convinced that they will never escape their debt management difficulties, according to recent research. A study commissioned by moneysupermarket.com shows that debt management problems are made worse by consolidation loans for…
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Prospective mortgage borrowers in the UK have been warned that hey could be charged non-refundable fees simply for applying for a particular home loan. According to mform.co.uk, a number of high-street lenders are charging anyone who applies for a mortgage,…
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First homes are becoming less affordable for consumers around the UK, according to the latest figures from the Council of Mortgage Lenders (CML). As debt management problems worsen for millions of people around the country, the CML data shows that…
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Recent research has shown that consumers are facing increased fees when switching their credit card debts. According to figures compiled by MoneyExpert.com, the average balance transfer fee levied against British credit card users now stands at 2.67 per cent, which…
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Rental rates on properties around the UK have been increasing in recent months, the Royal Institute of Chartered Surveyors (Rics) has made clear. The increases could lead to further debt management difficulties for consumers across the country and have been…
The latest figures from the Citizens Advice charity show that its bureaux now deal with more than 6,600 debt-related queries every day across England and Wales. Debt management problems are have become the most common reason for UK consumers to…
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Schools around the UK are being encouraged to improve the level of financial literacy among British children, the Treasury has announced. While debt management problems continue to plague families across the country, the government is keen to see younger generations…
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