Archive for November, 2006

Brits wait for new year to repay debts, says expert

Monday, November 13th, 2006 Posted in News | Comments Off

People in the UK avoid repaying their debts until after the new year celebrations, according to one debt expert.Licensed insolvency practitioner Philip Beck has said that Brits are more likely ... Read more..

Bankruptcy ‘better than IVAs’

Monday, November 13th, 2006 Posted in News | Comments Off

Bankruptcy is an easier option to clear debt than an individual voluntary arrangement (IVA), one industry expert has warned.Philip Beck, licensed insolvency practitioner at freeivaadvice.co.uk, has said that IVAs are ... Read more..

Medical graduates ’struggling with debt’

Friday, November 10th, 2006 Posted in News | Comments Off

The government is being urged to provide more money for medical graduates who are struggling with debt after leaving university.Research by the British Medical Association (BMA) found that the average ... Read more..

Tracker mortgages ‘may become more popular’

Friday, November 10th, 2006 Posted in News | Comments Off

The Bank of England's (BoE) decision to raise interest rates may lead to tracker mortgages growing in popularity, according to a financial comparison website.MoneyExpert.com described tracker mortgages as the best ... Read more..

FTBs ‘not financially protected’

Friday, November 10th, 2006 Posted in News | Comments Off

Nearly half of first-time buyers (FTBs) do not have any kind of insurance to cover their income if they find themselves unable to work, new research has stated.A study by ... Read more..

Interest rates increased to 5%

Thursday, November 9th, 2006 Posted in News | Comments Off

The Bank of England has decided to raise interest rates to five per cent in a bid to cool inflation.Analysts had widely expected the Bank's monetary policy committee (MPC) to ... Read more..

Lenders offering ‘lifelong’ mortgages

Thursday, November 9th, 2006 Posted in News | Comments Off

Almost a third of mortgage lenders are now giving homeowners as much as 60 years in which to pay off their home loan, new research has shown.Price comparison website MoneyExpert.com ... Read more..

Parents helping children to buy homes

Thursday, November 9th, 2006 Posted in News | Comments Off

More than two-thirds of British parents intend to lend or have already given money to their children to put towards a property, according to new research.A study by unbiased.co.uk found ... Read more..

High bills hit consumer confidence

Wednesday, November 8th, 2006 Posted in News | Comments Off

Consumer confidence has fallen in recent months due to more expensive energy prices and utility bills, new research has revealed.According to Experian, around eight million Britons have cut back on ... Read more..

Marketing strategies ‘driving up debt’

Wednesday, November 8th, 2006 Posted in News | Comments Off

Aggressive advertising strategies by debt consolidation companies is leading to more people accruing heavy debts, it has been claimed.The Institute of Chartered Accountants in Scotland (Icas) said that English and ... Read more..

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