Archive for February, 2008

Honeymoon spending ‘on the rise’

by on February 29th, 2008

TweetShareThe sums of money being spent on honeymoon get-aways by newly-weds from around the UK have increased dramatically in recent years, according to a recent study. Figures collected on behalf of esure have shown that the typical recently-married British couple spent in excess of £1,600 on their honeymoon, while the corresponding figure for those who [...]

Bank tipped to wait on interest rates

by on February 29th, 2008

TweetShareThe Bank of England has been tipped by a string of economic experts to wait for another month at least before reducing the base rate of interest. People looking to become debt free could be hoping for a cut in the cost of borrowing in March, but analysts are convinced that the bank will hold [...]

Mortgage lenders ‘will start demand deposits’

by on February 29th, 2008

TweetShareBritish financial services firms are likely to demand a deposit from anyone looking to take on a mortgage as trends of recent years are reversed, it has been claimed. According to the mortgage broker John Chacol, the loan-to-value rates of 100 per cent and over that were available until recently are set to die out [...]

UK’s spending mood worsens

by on February 29th, 2008

TweetShareBritish consumers have become less confident about spending their own cash in recent months, new research from Legal & General (L&G) has suggested. According to the study of the UK’s spending mood, the number of people around the country who feel happy to splash the cash has fallen across all age groups and most sharply [...]

Debt set to fund thousands of weddings

by on February 29th, 2008

TweetShareThousands of people around the country are preparing to add to debt management issues by funding their wedding ceremony through credit, it has been suggested. According to a report from Sainsbury’s Bank there are likely to be close to 125,000 people around the country taking out personal loans in order to have the kind of [...]

Confidence in credit ‘falling’

by on February 29th, 2008

TweetShareThe confidence of the typical UK consumer to take on more credit has been falling in recent months and looks set to continue in the same vein, according to CreditExpert. More and more homeowners around the country are deciding not to look into the possibility of moving house and are instead looking to clear the [...]

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