Archive for December, 2007

Millions planning to transfer balances

Monday, December 31st, 2007 Posted in News | Comments Off

More than three million consumers plan to begin the year by transferring their outstanding credit card balances to new cards, according to the results of a survey.Research commissioned by Abbey ... Read more..

Joint mortgages ‘useful for first-time buyers’

Friday, December 28th, 2007 Posted in News | Comments Off

People struggling to get on to the property ladder have been advised to consider taking out a joint mortgage.The recommendation was made by a spokeswoman for Nationwide, who explained that ... Read more..

Housing market ‘will continue slowing’

Friday, December 28th, 2007 Posted in News | Comments Off

The housing market is likely to remain slow in the coming months because of problems with the supply of funding for mortgages, an industry body has predicted.A new report by ... Read more..

House prices predicted to rise 1% in 2008

Thursday, December 27th, 2007 Posted in News | Comments Off

House prices are likely to increase by an average of only one per cent during 2008, a property market expert has predicted.The December report by residential property information consultancy Hometrack ... Read more..

Loan refusals ‘becoming more common’

Thursday, December 27th, 2007 Posted in News | Comments Off

People who plan to take out a personal loan in the next few months may end up being disappointed, a debt expert has warned.Chris Tapp of money education charity Credit ... Read more..

First-time buyer numbers fall

Monday, December 24th, 2007 Posted in News | Comments Off

Rising property prices have seen the number of first-time buyers in the UK fall to its lowest level since 1980, a new report has revealed. Statistics compiled by ... Read more..

More rate cuts ‘likely’

Friday, December 21st, 2007 Posted in News | Comments Off

The Bank of England's monetary policy committee (MPC) is likely to cut the base rate by 0.5 per cent during the first half of next year, according to a property ... Read more..

Remortgage deals ‘difficult to obtain’

Friday, December 21st, 2007 Posted in News | Comments Off

Borrowers with bad credit records will find it much more difficult to obtain a mortgage during 2008, a debt expert has predicted.Paul Fletcher, director of the Repossessions Advice Centre, explained ... Read more..

Debt consolidation ‘popular in January’

Friday, December 21st, 2007 Posted in News | Comments Off

The number of people looking for a debt consolidation loan is likely to soar in January, according to a credit expert.A recent report by Lloyds TSB suggested that poor household ... Read more..

Buyers warned about stranger danger

Thursday, December 20th, 2007 Posted in News | Comments Off

People trying to get on to the property ladder were today advised to think very carefully about the possible repercussions of entering into a joint mortgage with someone they do ... Read more..

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