TweetShareHomeowners need to take action quickly if they are to deal with the “twin threat” of falling house prices and rising repayment demands, it has been claimed. David Kuo, head of personal finance at Fool.co.uk, has insisted that people facing mortgage-related debt management difficulties should speak with their lenders and find out what they can [...]
Archive for February, 2008
Homeowners warned about “twin threat”
by News Team on February 22nd, 2008
British Gas slammed over profits and price hikes
by News Team on February 22nd, 2008
TweetShareBritish Gas has been slammed by uSwtich.com for reporting massive profits just days after introducing energy price hikes across the UK. According to the price comparison company, the energy supplier has lost any sense of balance between managing the interests of its shareholders and of its many millions of customers. With households around the country [...]
MPC voted unanimously for base rate reduction
by News Team on February 21st, 2008
TweetShareThe Bank of England’s monetary policy committee (MPC) voted unanimously to reduce the base rate of interest for the UK at its most recent meeting, it has been revealed. According to the minutes of the MPC’s February meeting, eight members of the committee voted in favour of cutting interest rates by a quarter-point, while one [...]
MP urges indebted to seek help
by News Team on February 21st, 2008
TweetShareJeremy Browne, the MP for Taunton, has urged consumers who are facing serious debt management problems to seek help from personal finance professionals. Mr Browne has suggested that many people could be making their debt issues worse by refusing to face up to the reality of their financial situation and to take steps to improve [...]
Warning over ‘sale and lease back’ schemes
by News Team on February 21st, 2008
TweetShareConsumers in the UK need to be on their guard against the unscrupulous practices of property sale and lease back scheme providers, it has been claimed. Key Retirement Solutions has expressed its concerns that homeowners facing debt management problems could enter into unfavourable sale and lease back agreements because of the lack of effective regulations [...]
Brits ‘confused’ about how best to remortgage
by News Team on February 21st, 2008
TweetShareBritish homeowners are confused about what kind of mortgage arrangement will suit them best when their currently deal expires, according to recent research. Figures from Abbey Mortgages have shown that around two-thirds of all the people it polled would be uncertain over what kind of home loan arrangement would offer them the best deal in [...]
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