Archive for September, 2006

500,000 struggling with unsecured debt

Tuesday, September 19th, 2006 Posted in News | Comments Off

Nearly half a million people in the UK are struggling with unsecured debts of £20,000 or more.A survey from debt experts One Advice found that nearly 120,000 people owe in ... Read more..

Mortgage borrowing hits record high in August

Tuesday, September 19th, 2006 Posted in News | Comments Off

Mortgage borrowing hit a record high in August, despite ever-increasing house prices and a hike in interest rates last month.Figures from the Council of Mortgage Lenders (CML) have revealed that ... Read more..

Debts make university ‘harder than ever’ for students

Tuesday, September 19th, 2006 Posted in News | Comments Off

Rising debts mean that students now face a harder time than ever juggling their finances while at university, new research has claimed.Credit reference agency Callcredit has calculated that students going ... Read more..

High debts behind student drop outs

Monday, September 18th, 2006 Posted in News | Comments Off

The high level of debt most students accrue while at university is responsible for 50 per cent of drop outs, new figures from student-debt.org.uk have revealed.The website, which provides financial ... Read more..

Mortgage holders able to ’shrug off’ rate rise

Monday, September 18th, 2006 Posted in News | Comments Off

The majority of mortgage holders in the UK will be able to shrug off the impact of the Bank of England's decision to raise interest rates.According to the latest Alliance ... Read more..

Tories warn homeowners of property tax threat

Sunday, September 17th, 2006 Posted in News | Comments Off

The Conservative Party has warned UK homeowners that both the Liberal Democrats and Labour are planning to introduce new property taxes.Shadow local government minister Caroline Spelman has accused Lib Dem ... Read more..

Research claims remortgaging saves enough for a holiday home

Sunday, September 17th, 2006 Posted in News | Comments Off

Remortgaging a property on a more favourable deal can save enough money to pay for the deposit on a holiday home, according to new research.Figures from New Sky have revealed ... Read more..

Agent claims surge in house prices drawing to a close

Sunday, September 17th, 2006 Posted in News | Comments Off

The recent boom in house prices may be drawing to a close, according to online estate agent Rightmove.co.uk.Over the last four weeks house prices have risen by just 0.2 per ... Read more..

RICS claims house prices rise again in August

Thursday, September 14th, 2006 Posted in News | Comments Off

House prices rose for the fifth consecutive month in August, growing at their fastest rate since May 2004, according to new figures released by RICS (Royal Institute of Chartered Surveyors).The ... Read more..

Personal bankruptcies soar in first quarter

Thursday, September 14th, 2006 Posted in News | Comments Off

The number of people in the UK being declared bankrupt has soared in the first quarter of 2006, as the easy availability of credit encourages people to take on debts ... Read more..