Average property prices in the south east are set to rise to £322,000 by 2011 according to Oxford Economic Forecasting, an increase of 40 per cent. Derek Cash, head of south region at the National Housing Federation, said: “Our projections…
A new report from the Institute for Fiscal Studies (IFS) claims that rather than encouraging people to get a job with the prospect of promotions, pay rises and the means to clear debt, many people are staying on benefits. “These…
According to Direct Line, the average child’s room is worth £1,498, mostly due to electronic goods, yet many of these are rarely used. “As parents know all too well, kids need to have the latest electronic goods in order to…
Ignorance of the law is costing students dearly, housing charity Shelter claims, through payment for repairs or services that are a landlord’s responsibility, or losing money on deposits. Adam Sampson, chief executive of Shelter, said to This is Money: “By…
Continue reading the "Students urged to brush up on housing law" »
In the Scottish Widows poll, 73 per cent of 18 to 24-year-olds were worried about their financial future and 41 per cent think that they are less prepared than their parents. George Andrew, consumer affairs spokesman at Scottish Widows, commented:…
Council of Mortgage Lenders (CML) data shows that the average first-time buyer (FTB) borrowed 3.24-times their income, the highest level ever, leading to a change in how a loan is calculated. “Research by Moneyfacts found five of the top ten…
Continue reading the "House prices forcing Britons to borrow more" »
According to Nationwide, its latest consumer confidence index is still “well below” the two-year average despite a slight increase, with debt worries helping to contribute to this pessimism. “Consumer confidence remains low and, despite improving, has not recovered fully since…
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John Porter, a senior counsellor with the Debt Counsellors, urged people to take out advice on becoming debt free to stave off the threat of bankruptcy as figures show a rise in average debt levels. “Not only are the personal…
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