Archive for September, 2006

Mortgage lending slows in August

Thursday, September 28th, 2006 Posted in News | Comments Off

The number of mortgage approvals slowed in August although numbers remain ahead of the long-term average, according to official figures.New figures from the Bank of England have revealed that a ... Read more..

Credit card lending falls by record margin

Thursday, September 28th, 2006 Posted in News | Comments Off

Lending on credit cards in the UK fell by its biggest margin ever in August as higher borrowing costs begin to bit, official figures have revealed.Figures from the Bank of ... Read more..

House prices boom in September

Wednesday, September 27th, 2006 Posted in News | Comments Off

The UK housing market enjoyed a boom during September, with prices shooting through the roof, according to new figures from Nationwide.Nationwide's figures show that the average value of a property ... Read more..

Young Brits mired in £2,860 of debt

Wednesday, September 27th, 2006 Posted in News | Comments Off

Nearly two and a half million young people in the UK have loans, overdrafts and credit card debts averaging £2,860 each, new figures from One Advice have revealed.The new research ... Read more..

Existing debt burden of prospective FTBs revealed

Wednesday, September 27th, 2006 Posted in News | Comments Off

Three-quarters of aspiring first-time buyers (FTBs) are struggling with debts while they are saving for a deposit, a new report from Alliance & Leicester Mortgages has revealed.The bank said that ... Read more..

Mortgage lending up again

Tuesday, September 26th, 2006 Posted in News | Comments Off

A record £20.9 billion was lent in mortgages in August, according to the British Bankers' Association (BBA).The figures reveal that an increase of 24 per cent was lent in August ... Read more..

Brits spend £1.4bn on kids parties

Tuesday, September 26th, 2006 Posted in News | Comments Off

Britain's parents spend a whopping £1.4 billion a year simply on celebrating the birthdays of their children, new figures reveal.A study by polling agency YouGov of 1,340 mums of children ... Read more..

Brits’ debts twice that of Europeans

Tuesday, September 26th, 2006 Posted in News | Comments Off

People in Britain are nearly twice as much in debt as their European counterparts, a new study shows.Research by analyst Datamonitor found that the average British resident now owes £3,175 ... Read more..

Credit card providers raising rates

Monday, September 25th, 2006 Posted in News | Comments Off

Credit card providers have been raising the amount of interest they charge over the last five months, new research has shown.Following the Office of Fair Trading's (OFT) ruling in April ... Read more..

Parents urged to shop around for children’s university loans

Monday, September 25th, 2006 Posted in News | Comments Off

With the soaring cost of a university education Sainsbury's Bank has urged parents to shop around when looking for a personal loan.As many universities hike their tuition fees from £1,175 ... Read more..

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