We have all become uncomfortably aware of the recent problems in the financial sector over the past few months and whilst the Bank of England has reduced interest rates on a number of occasions over the past six months, consumers have not seen any benefit from these rate reductions reflected in their monthly loan and [...]
British borrowers are adding to the countries debt mountain at a rate of almost 1/4 of a billion within every 24-hour period that passes.
New studies reveal that borrowers of loans, credit cards and mortgages are paying a phenomenal 250 million in interest alone to their creditors per day, on a typical per person debt of [...]
There has been a healthy increase in the re-mortgage market over the past few months according to recent survey figures.
The British Bankers Association (BBA) announced that there was a rise in the number of re-mortgages completing throughout the month of April and this news was backed up by the Intermediary Mortgage Lenders Association (IMLA) who confirmed that [...]
The desire to own a new car has been identified as one of the most common ways for British consumers to rack up unmanageable debts.
According to one of the countries leading credit reference agencies more than 25% of British males as well as 10% of British females will accumulate personal debt by way of acquiring [...]
Times are tough in the mortgage market at the moment, both for lenders and for borrowers. Despite house prices having reduced on a month by month basis through the course of the year so far, property prices still remain extremely high, particularly for first time buyers. Wages have not risen in proportion to the cost [...]
