Archive for July, 2009

Students advised to seek help with their debts

by on July 30th, 2009

TweetShareStudents that are struggling with their finances should not be afraid to seek help, one expert has suggested. Andrew Hagger of comparison website Moneynet.co.uk said that money worries will not disappear and could end up disrupting a person’s education. He remarked: “If your money isn’t going as far as you’d thought and you’re in danger [...]

Cash-strapped Brits considering ‘staying at home this year’

by on July 30th, 2009

TweetSharePeople are increasingly looking at remaining in the UK during the current economic climate, one expert has suggested. Commenting on behalf of the UK’s national tourism agency VisitBritain, a spokesperson said the effects of the recession could be making individuals consider the benefits of staying in Britain this summer. He said: “Research from VisitEngland and [...]

People ‘seeking safer mortgages’

by on July 30th, 2009

TweetShareRemortgage approvals may have gone up because more people are looking to take on a fixed-rate product, one expert has suggested. Andy Pratt, chief operating officer at mortgage broker Alexander Hall, said those looking for a new deal on their house loan may be considering safer options rather than risk interest rates hiking. He said: [...]

Creditors to blame for ‘careless lending’

by on July 30th, 2009

TweetShareA few niche creditors are guilty of “irresponsible lending” over the last ten years, one expert has claimed. Ian Boden-Smyth, spokesperson for financial standards network UK Insolvency Helpline, said some “adverse credit, high-risk” agencies have been able to pick and choose their rates for a number of years. This has prevented a number of individuals [...]

UK pensioner poverty ‘must be stopped’

by on July 29th, 2009

TweetShareThe levels of older Brits suffering economic difficult is “worrying and shameful”, it has been argued. A spokesperson, speaking on behalf of the charity Age Concern said the authorities should be doing more to help pensioners in the UK. He said: “The government needs to make it much easier and much simpler for pensioners to [...]

Mortgage lending ‘could be stabilising’

by on July 29th, 2009

TweetShareLending for potential property purchasers seems to be showing signs of stability, one expert has suggested. Head of savings policy at the Building Societies Association Brian Morris said that while borrowing is still at “historically low levels”, it exhibited a significant increase last month. He remarked: “Gross mortgage lending by building societies was just under [...]

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