Interest Only Mortgages - are you safe?
The Bank of England’s Mark Carney has made warning on numerous occasions about the amount of exposure lending institutions are under. The...
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Losses for UK’s largest estate agent
The UK’s largest estate agency group Countrywide PLC has been hit by profit losses due to a drop in business, reports The Telegraph. The...
1 in 4 of the most hard-up households use borrowing the most
Since last year the Bank of England has been doing it’s best to prevent any possibility of what caused the 2008 financial crisis from...
Debt has been growing faster than household incomes
A Bank of England research paper from June of 2017 suggests that consumer borrowing has grown by 10.3% between April 2016 and April 2017,...
£19,000 plus of debt per household by 2022 according to Labour
Labour’s John McDonnell today revealed his belief that by 2022 households would be more than £19,000 in unsecured debt, excluding...
Household budgets under additional pressure this Christmas
UK household budgets experienced another hit today as inflation unexpectedly hit its highest point in six years. Today, news from the...
UK Finance Report suggests possible help to government for home-owners
A report by UK Finance, a representative organisation of almost three-hundred UK financial organisations foresees tough years ahead for...
2018 changes for mortgage interest support
The government’s Support for Mortgage Interest (SMI) scheme will be undergoing a major overhaul next year. The current scheme entitles...
4 reasons why UK mortgage borrowing has dropped to its lowest levels in 13 months
The UK Finance trade association today reported that mortgage approvals dropped to the lowest levels in 13 months. The report mentioned...
What should home owners do about disappearing mortgage products?
The Bank of England’s Monetary Policy Committee announcement yesterday that interest rates would be going up by 0.25% to 0.5% caused...