Homeowners are coming under increased financial pressure, new figures indicate. In research released by the Council of Mortgage Lenders (CML), both those making their initial steps on the housing ladder and existing property owners are seeing their mortgage costs account for an ever larger proportion of their expenditure, which may consequently impact upon their ability [...]
More Britons could be on track to receive better guidance in managing their finances, it has been revealed. In the government’s pre-Budget report (PBR) and Comprehensive Spending Review, chancellor Alistair Darling announced that millions of pounds are to be invested into the provision of financially advisory initiatives targeted towards some of the most vulnerable people [...]
Older people in Devon are increasingly struggling with their finances, new figures show. The announcement comes as Torbay is revealed to have the largest percentage of poor pensioners in any town or city to the west of Bristol. According to figures released by the GMB union, almost a quarter (23.2 per cent) of pensioners living [...]
Men are struggling the most with their money management, according to the publication of new figures. In a study released by Chiltern, those males who are seeking help handling their debts owe about 20 per cent more via secured personal loans, credit cards and other types of borrowing than their female peers. The news comes [...]
Borrowing in Britain continues to remain weak, a new set of figures have highlighted. In research conducted by the British Bankers’ Association (BBA), gross mortgage lending in September stood at some 18.5 billion pounds – just three per cent higher than that issued in the same month last year. Meanwhile, underlying net lending, which does [...]
With the clocks going back and the signs of winter undoubtedly setting in, the call of warmer climes is getting increasingly pressing for a number of Brits. According to the latest figures from price comparison site Moneysupermarket, UK holidaymakers undertaking a winter getaway spend significant sums on their sun-seeking breaks – with spending reaching an [...]
Large numbers of young people are getting into debt situations from which it is difficult to recover, the latest research suggests. Commentator iva, a firm which helps to organise individual voluntary arrangements, has released results from a survey which indicate that as many as one in four people aged between 18 and 24 are struggling [...]