Archive for March, 2008

Parents ‘giving loans to their kids’

Thursday, March 27th, 2008 Posted in News | Comments Off

A number of Britons have been giving loans to their children as a result of the high level of debt the young people have accrued, according to one expert.Anne Young ... Read more..

Higher interest rates ‘have led to debt’

Thursday, March 27th, 2008 Posted in News | Comments Off

Effects of the credit crunch have led to high interest rates for mortgages, which in turn have increased debt levels in the UK, it has been suggested.Anna Sofat, director of ... Read more..

Fixed-rate mortgage costs increase

Wednesday, March 26th, 2008 Posted in News | Comments Off

The cost of fixed-rate mortgages have increased despite recent interest rate cuts, it has been suggested.According to figures from MoneyExpert, house buyers can expect to pay a typical initial rate ... Read more..

Interest-only mortgages could be an option, says CML

Wednesday, March 26th, 2008 Posted in News | Comments Off

Interest-only mortgages could still be a viable option for some house buyers, it has been suggested.According to Bernard Clarke, communications manager of the Council of Mortgage Lenders (CML), this type ... Read more..

Mortgage lending ’should continue at building societies’

Wednesday, March 26th, 2008 Posted in News | Comments Off

Building societies are well placed to continue approving mortgages for its customers despite the credit crunch problems, one expert has stated.Neil Johnson, public relations and policy manager for the Building ... Read more..

Property market is favouring buyers, says NAEA

Tuesday, March 25th, 2008 Posted in News | Comments Off

The current property market is favouring buyers, the National Association of Estate Agents (NAEA) has stated.According to figures from the association, the market is currently "dull", with the difference between ... Read more..

Consumers ‘must shop shrewdly’ for credit cards

Tuesday, March 25th, 2008 Posted in News | Comments Off

Detailed awareness of the terms and conditions of various credit cards should be gained by customers shopping for plastic loans, a leading advisory body has said.National money education charity Credit ... Read more..

Homeowners are ’staying put’

Tuesday, March 25th, 2008 Posted in News | Comments Off

Fears over the economy and housing market are putting people off moving house in the current financial climate, new research has claimed.Business directory and review website RatedPeople.com has alleged that ... Read more..

Mortgage market is changing, says CML

Thursday, March 20th, 2008 Posted in News | Comments Off

The mortgage market is changing due to the current economic climate, the Council of Mortgage Lenders (CML) has suggested.Spokesperson for the CML Sue Anderson said the expectation that interest rates ... Read more..

Spending on credit cards has ’slowed’

Thursday, March 20th, 2008 Posted in News | Comments Off

The amount of spending on credit cards in the UK has slowed over the past year, it has been suggested.Chris Tapp, director of financial education charity Credit Action, has noted ... Read more..

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