Joint chief executive at the Hunters Property Group Kevin Hollinrake told the York Press that repossessions will result if the Bank of England opts to raise interest rates next month, a move he views as “extremely likely”. Credit consumers across…
Continue reading the "Expert issues repossessions warning" »
A study carried out recently by moneysupermarket.com suggests that not switching an arrangement away from a mortgage provider’s standard variable rate is leaving millions of British consumers out of pocket. On expiry of an introductory mortgage deal, providers commonly put…
Continue reading the "Brits ‘losing thousands on mortgage overpayments’" »
Finances are being tightened and debt management woes are mounting across the country, while the average household running cost now amounts to £11,035 each year, Sainsbury’s Bank research suggests. Essential expenditures for many people such as energy supplies and mortgage…
Continue reading the "Household costs ‘up 12% in two years’" »
Around 4.5 million Brits aged 55 or over have not made financial plans for their forthcoming retirement and many of these consumers could face debt management troubles as a result, research from Abbey Savings suggests. In addition, finding a debt…
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Research carried out by Stroud & Swindon claims that for millions of Brits, details of income tax and stamp duty, as well as mortgages and ISAs often prove confusing and unclear. Furthermore, the study by what is the UK’s 15th…
Continue reading the "Brits at debt risk due to ‘lack of understanding’" »
Official minutes from the most recent MPC meeting show that two of the nine committee members felt it was necessary to increase the cost of borrowing and put further pressure on the million facing debt management difficulties in April. Despite…
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CCCSVA, as the new operation is to be known, is now able to offer its debt advice services to those people whose situation makes them most suitable for an IVA in light of their particular debt management concerns. A percentage…
Peter Spencer, chief economic adviser to the Ernst & Young Item, maintains that as the number of people facing debt management trouble increases, the potential impact of an interest rate rise is heightened also. And with such a rise looking…
Continue reading the "Expert issues long-term economic warning" »
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