Financial News, Tips and Debt Advice
With a large number of Britons struggling with debt problems, the news that the Bank of England might well increase its base interest rate in 2015 was certainly not welcomed by anyone. Homeowners who are on the Standard Variable Rate (SVR) offered by their lender or are approaching the end of their current deal can […]
New research by insurance firm Aviva reveals that many of the seven million people in the UK who are currently renting a property are more vulnerable to debt problems should they suffer a sudden and unexpected loss of earnings or incur unforeseen expenditure. The study revealed that, while 13% of those living in a home […]
If you ever wonder why you still haven’t figured how to get out of debt after so many years a new study might have the answer: it’s simply because average weekly wages have failed to keep pace with the rising cost of living. Almost everything we buy has suffered from price hikes due to inflation […]
At last there is some good news for debt-ridden British consumers: instead of the expected increase in mortgage rates, about which we have written repeatedly in the past, the rates might actually be heading down in the near future. The news comes after a survey by the Bank of England released a few days ago […]
A new study reveals that nearly 25% of tenants now have no other choice but to spend half or more of their income on rent. The study also found that 30% of tenants consider their rent bills to be unaffordable. SpareRoom.co.uk, who conducted the study, also discovered that nearly 20% of tenants never expect to […]
According to the Royal Institution of Chartered Surveyors’ house sales in the UK are set to rise. The next three months are looking positive for the UK housing market. Rics have predicted a rise in UK house sales and have put this down to the support for mortgage lending. In recent months the Bank of […]
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