TweetShareIt is still too early to predict a reversal of the house price decreases seen over the past year, the Royal Institution of Chartered Surveyors (Rics) has suggested. Simon Rubinsohn, chief economist at the organisation, said that a lack of new houses being made available in the marketplace is the reason for recently observed increases [...]
Archive for May, 2009
Rics: Too early to predict house price recovery
by News Team on May 29th, 2009
Debt sufferers told to avoid loan sharks
by News Team on May 29th, 2009
TweetSharePeople with debt management problems should not turn to loan sharks for help, one expert has said. Beccy Wilks of the Money Advice Trust recommended that those who need to clear debt quickly seek guidance from independent organisations, which will be able to outline the range of options that are out there for consumers requiring [...]
Bankruptcy numbers expected to rise
by News Team on May 28th, 2009
TweetShareThe number of bankrupt people in the UK is set to rise, according to new industry figures. R3′s president Peter Sergeant was quoted by the Sunday Times this week as saying as many as one million people will be technically insolvent by the end of 2009. He claimed that official statistics do not accurately reflect [...]
Credit Action: Be wary of buy now, pay later
by News Team on May 28th, 2009
TweetShareConsumers need to take care with buy now, pay later deals, according to one expert. Chris Tapp, director of Credit Action, warned that while they can be a good way for people on low incomes to purchase expensive products, they can also lead to expensive debt. “People do need to know exactly what they are [...]
Consumers ‘more cautious about credit’
by News Team on May 28th, 2009
TweetShareConsumers are becoming more cautious about credit and debt, according to one expert. Building Societies Association director-general Adrian Coles stated that people are considering the implication of losing their jobs and wondering whether they should be watching their outgoings carefully. In some cases, they are also perhaps contemplating whether remortgaging is a good option, he [...]
Santander to rebrand British lenders
by News Team on May 27th, 2009
TweetShareSpanish banking giant Santander is to give all of its UK subsidiaries its global brand name from the first quarter of 2010. Bradford & Bingley savings, Alliance & Leicester and Abbey will all become known as Santander under the initiative, which will see 1,300 branches bearing the name by the end of next year. Customers [...]
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