As a result of the complicated system, many on the lowest incomes are having to pay a 40 per cent rate of tax and then having to wait for weeks, or even months, to be refunded due to backlogs at…
Continue reading the "Poorest pensioners ‘struggling due to tax system’" »
According to the organisation, property prices tend to be set by existing housing stock rather than by new builds, with this fact acknowledged by the government’s own research into the market and issues of affordability facing prospective first-time buyers by…
Continue reading the "CPRE: Affordability issues set to stay" »
With the latest figures showing first-time buyers are feeling the pinch of rising house prices, there is concern that the cost of getting on to the property will leave people struggling to become debt free. In addition, all homebuyers are…
Continue reading the "CML: Affordability problems on the rise" »
Market researchers at Datamonitor say the sub-prime market which facilitates mortgages for those people with poor credit histories is set to grow at a quicker rate than the mainstream market. The firm said that it expected the market would reach…
The proposals were put forward by the party’s social justice policy review group, headed by former leader Iain Duncan Smith. Mr Duncan Smith’s review also called for more regulation for the banking sector to encourage more responsible lending and funding…
Continue reading the "Tories ponder ‘community-based debt management’" »
The trade body warned that new legislation or the introduction of a regulatory agency would only hinder efforts to help people needing debt advice. Low interest rates, easy access to money and a relaxed attitude to borrowing have seen many…
Continue reading the "More regulation ‘would not help people in debt’" »
Debt management problems look likely to worsen for credit consumers across the country following the latest rise in the cost of borrowing and property will become less affordable particularly for first time buyers, the CML suggests. “For anyone wanting to…
Continue reading the "Affordability issues will worsen, says CML" »
With over-50s in the UK already dealing with debt management concerns, research by Hartford Life found that three in five people in this age bracket have not taken steps to protect themselves from rising costs of living. The recent study…
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