New studies suggest that home loan lenders rely heavily on demographics when deciding which mortgage product to offer.
The report indicates that lenders use demographical information to assess changing demands such as the recent affordability issues experienced by first time buyers.
Particular products are matched to certain consumers, in this example first time buyers are more likely [...]
Individuals struggling with loans and other unsecured debts are being pushed into secured debt consolidation loans without realising their homes could be at risk.
A number of specialist brokers and lenders are talking people into securing a loan against their property or extending mortgage terms as a means to consolidate unsecured debt. A new report conducted [...]
Do you have life insurance and does it cover your personal debts if you pass away? If your answer to this question is “yes” maybe you should take a closer look at your policy.
Recent studies reveal that a large amount of adults are NOT covered for personal debts by their life insurance plan. Personal debt [...]
The cost of buying a new home has gone far beyond the reach of many first time buyers. As a result, a handful of lenders are offering first time buyers a mortgage product that equates to 6 times their annual salary.
For people who are desperate to get a foot on the property ladder, the news [...]
Identity theft in the UK has reached record highs new studies reveal.
One of the UK’s leading credit reference agencies has reported that over 2000 people had contacted their fraudulent activities department in the 4th quarter of last year to report cases of identity theft, an increase of almost 70%.
For the first time ever, the majority [...]
Credit cards = free cash! Or at least that’s what today’s teens seem to believe.
A worrying new study conducted by the PFE has revealed that 1 in 20 teens in the UK are not aware that they have to repay debt accumulated through the use of credit cards. The vast majority are not concerned as [...]
The probability of interest rates rising in the coming months is high, as a result a record amount of first time buyers are opting for fixed rate home loans.
Last months figures reveal that around 88% of new buyers have opted for a set rate loan, up almost 4% on the previous month. The number of [...]
