TweetShareThe costs associated with renting property in the UK have been rising at their fastest rate on record in recent months, according to a new report. A study by Paragon has found that the cost of renting increased by as much as 19 per cent over the course of last year, which for many people [...]
Archive for January, 2008
Rent costs rising ‘faster than ever’
by News Team on January 26th, 2008
Debt woes ‘can lead to vicious cycle’
by News Team on January 25th, 2008
TweetShareThe pressures of dealing with a heavy debt management burden can lead to a vicious cycle of unwelcome problems, it has been suggested. A spokesperson for a Citizens Advice bureaux (CAB) in East Cambridgeshire has indicated their concern that debt problems can cause relationships to break down, which in turn can lead to further financial [...]
Mortgage lending ‘weakening’
by News Team on January 25th, 2008
TweetShareLevels of mortgage lending around the UK have been weakened in recent months, the British Bankers’ Association (BBA) has made clear. According to data complied by the organisaiton, the various pressures on household finances that have been increasing in recent months saw house purchase approval rates reach a “record low” in December. David Dooks, statistics [...]
Brits likely to ‘reign in spending’
by News Team on January 25th, 2008
TweetShareBritish consumers look likely to start reigning in their spending over the coming weeks and months, according to one expert. Howard Archer, chief UK and European economist at Global Insight, has suggested that lending criteria is already being tightened and that many borrowers are aiming to reduce their debt management problems as much as possible. [...]
Warning fired over mobile contracts
by News Team on January 25th, 2008
TweetShareBritish consumers have been warned to make sure that they fully understand the details of a mobile phone service contract before they enter into it. According to Consumer Direct, around 15 per cent of people who complain about their mobile phone providers are concerned about unexpected extra costs, which the organisation is keen to see [...]
Consumers urged to ‘be selfish’
by News Team on January 25th, 2008
TweetShareConsumers in the UK need to become more selfish if they are to shield themselves from the potential economic fallout expected by many observers over the course of this year, it has been claimed. David Kuo, head of personal finance at Fool.co.uk, has insisted that Britons, many of whom are facing serious debt management difficulties, [...]
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