TweetShareA large proportion of tenants may be “unaware” that failing to pay their rent could lead to debt management problems for landlords. Tom Entwistle, director at LandlordZONE, noted that property owners can “find themselves in difficulty through no fault of their own”, such as occupants defaulting on rental payments. “Tenants should be aware that the [...]
Archive for March, 2009
Tenants “unaware” of landlord debt problems
by News Team on March 31st, 2009
Tracker borrowers ‘not taking advantage’ of low rates
by News Team on March 31st, 2009
TweetShareMany homeowners that are on tracker mortgages are not taking advantage of the current low rates to aid their debt management, it has been found. A survey by Unbiased.co.uk has discovered that 56 per cent of this group are not overpaying on their home loan, despite the base rate being at an all-time low. The [...]
Consumer credit becomes “weaker”
by News Team on March 31st, 2009
TweetShareThe provision of consumer credit became “weaker” last month, according to a newly released report. It declined by a total of £0.2 billion during February, compared to a £0.2 billion increase in January, according to the Bank of England. Net lending for loans and advances dropped by £0.4 billion, while credit card borrowing rose by [...]
Consumers remain “cautious” with cash
by News Team on March 30th, 2009
TweetShareMany consumers who have not been hit particularly hard by the credit crunch are still remaining “cautious” with their finances, it has been claimed. It comes after a study by research organisation BDRC found that while 34 per cent of people have not felt the effects of the downturn, 60 per cent are being prudent [...]
Brits ‘starting to appreciate value of money’
by News Team on March 30th, 2009
TweetShareBritons are beginning to give more importance to the value of money in the wake of the credit crunch, a new survey has suggested. Research carried out by GfK NOP on the behalf of the Charities Aid Foundation (CAF) has found that 42 per cent of people feel that money has become more significant following [...]
House values ‘fall 2%’
by News Team on March 30th, 2009
TweetShareHouse values dropped two per cent over the course of last month, according to a newly released report. Land Registry figures have revealed that this brought the annual rate of decline to 16.5 per cent, with the average price standing at £153,862. The most significant fall was seen in the north-west, with values decreasing by [...]
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