Archive for August, 2006

TweetShareThe increase in total net lending to individuals was £10.9 billion, with loans secured on homes accounting for £9.8 billion of this. Even though Britons are still struggling with debt, the figures reveal that the demand for loans and credit is continuing. Increases in the amount people are borrowing on credit cards could be a [...]

TweetShareIn its survey, Citizens Advice Cymru found that 57 per cent of Welsh residents lacked a monthly budget and this is likely to be mirrored throughout the UK. “The experience of Citizens Advice Cymru shows that a general lack of understanding, skills and confidence when it comes to managing money and making financial decisions has [...]

TweetShareBirmingham Midshires claims that the average amount is £7,548 in liquid savings, enough for 167 days, as the bank continues to urge people to save more. Jason Robinson, director of savings operations for Birmingham Midshires, said: “For a long time we’ve been vocal in recommending that Britons have at least three months salary in savings [...]

TweetShareNearly half of respondents in the Unisys survey thought that mortgages require a ten per cent deposit and that they can only borrow three times their salary, but this is not exclusively the case. “These figures suggest that there may be a misinformed and therefore untapped market for mortgage lenders in the UK,” commented Peter [...]

TweetShareColeen McLoughlin, fiancee of England player Wayne Rooney, told girls to “get a grip” with debt and spending before it gets too much. “Don’t try to shop and party like a footballer’s wife,” said the 20-year-old in the Mirror. “I don’t think it makes sense to want to be like a footballer’s wife. They are [...]