Archive for August, 2007

Property market ’slowing’

Thursday, August 23rd, 2007 Posted in News | Comments Off

Property market activity slowed markedly during July, according to a new report.Figures published by the National Association of Estate Agents (NAEA) showed that the number of sales per agent dropped ... Read more..

Buyers becoming ‘more cautious’

Wednesday, August 22nd, 2007 Posted in News | Comments Off

Home buyers are beginning to take a more cautious approach to borrowing, according to the Council of Mortgage Lenders (CML).Statistics released by the CML showed that 90 per cent of ... Read more..

Loans ‘can help with debt problems’

Wednesday, August 22nd, 2007 Posted in News | Comments Off

Consolidation and secured loans can be effective ways of keeping debt under control, it was suggested today.The advice came from Sean Gardner, chief executive of MoneyExpert.com, after a poll conducted ... Read more..

FTBs making compromises

Wednesday, August 22nd, 2007 Posted in News | Comments Off

First-time buyers (FTBs) are increasingly willing to compromise in order to get on to the property ladder, according to a new report.Research conducted by GE Money Home Lending found that ... Read more..

Drivers urged to think about loans

Tuesday, August 21st, 2007 Posted in News | Comments Off

Motorists were today advised to think carefully about to how to finance their next car purchase.The recommendation came from Samantha Owens, head of personal finance at Moneyfacts.co.uk, as thousands of ... Read more..

Interest only mortgages a ‘useful option’

Tuesday, August 21st, 2007 Posted in News | Comments Off

Interest only mortgages can be a useful option for first-time buyers, an industry body said today.Such deals offer borrowers the opportunity to keep their initial mortgage payments to a minimum ... Read more..

House prices down in some areas

Monday, August 20th, 2007 Posted in News | Comments Off

Asking prices for houses are beginning to fall in some areas of the country, it was revealed yesterday.Figures published by property website Rightmove showed the average asking price for a ... Read more..

Store cards are an ‘expensive way to borrow’

Monday, August 20th, 2007 Posted in News | Comments Off

Store cards are an expensive way to borrow money and can lead to people accumulating debt, it was claimed today.The warning came from Chris Tapp, deputy director of the money ... Read more..

Mortgage lending ‘hit by rate rises’

Monday, August 20th, 2007 Posted in News | Comments Off

The Building Societies Association (BSA) has blamed increases in interest rates for the drop in its members' mortgage lending figures.Statistics published by the BSA showed that approvals dropped from £5,499 ... Read more..

Students accumulating ’significant debts’

Sunday, August 19th, 2007 Posted in News | Comments Off

The average British student is currently more than £7,500 in debt, according to the findings of a new survey.Research conducted for Halifax revealed more than half of students owe over ... Read more..

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