Archive for February, 2008

Numerous credit cards are “confusing”

Thursday, February 21st, 2008 Posted in News | Comments Off

Consumers with a range of credit cards may find their financial situation "confusing", one expert has said.James Ketchell, spokesperson for the Consumer Credit Counselling Service, remarked that some people become ... Read more..

Mortgage lending on the up

Wednesday, February 20th, 2008 Posted in News | Comments Off

Mortgage lending increased in the month of January, new figures from the Council of Mortgage Lending (CML) have revealed.The figure for gross mortgage lending rose by 11 per cent from ... Read more..

Homeowners ‘confused about remortgaging’

Wednesday, February 20th, 2008 Posted in News | Comments Off

The uncertain economic future has left homeowners confused about what deal to opt for if they are thinking about remortgaging their home, Abbey has stated.According to research by the bank, ... Read more..

MPC ’stand together’ on cut decision

Wednesday, February 20th, 2008 Posted in News | Comments Off

The Bank of England's monetary policy committee (MPC) were unanimous in their decision to cut the interest rate this month, the minutes of the February meeting have revealed.In a move ... Read more..

Housing market ’slowing’

Tuesday, February 19th, 2008 Posted in News | Comments Off

The housing market in Britain is continuing to slow down, with average prices rising by less than 1.5 per cent in the 12 months to January, new figures have shown.Average ... Read more..

CML: Payment shock will decrease

Tuesday, February 19th, 2008 Posted in News | Comments Off

The Council of Mortgage Lenders (CML) has said the intensity of payment shock for homeowners coming out of a fixed-rate mortgage will be more muted than previously predicted.In its monthly ... Read more..

Mortgage market ‘changeable’

Monday, February 18th, 2008 Posted in News | Comments Off

The UK mortgage market is currently undergoing a changeable period as a result of the recent global credit crunch and ensuing economic uncertainty.Traditionally the rates of tracker mortgages have tended ... Read more..

Britons ‘cut back to avoid debt’

Monday, February 18th, 2008 Posted in News | Comments Off

Thousands of people in the UK are cutting back their spending in order to reduce their levels of debt in the face of widespread economic uncertainty.A total of two-fifths of ... Read more..

A debt consolidation loan ‘could help borrowers’

Monday, February 18th, 2008 Posted in News | Comments Off

A debt consolidation loan can help borrowers in the UK who are owe money and are concerned about their ability to manage it, an expert claims.Sean Gardner, MoneyExpert.com chief executive, ... Read more..

Repossession figures ‘may hide true situation’

Friday, February 15th, 2008 Posted in News | Comments Off

The number of people struggling to hold on to their home may be far higher than official figures show, according to Citizens Advice.Statistics compiled by the Council of Mortgage Lenders ... Read more..

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