Archives for 9 May 2007
Borrowers ‘are really getting squeezed’
The rising cost of mortgages in England and Wales means that homeowners are having their finances “squeezed”, according to latest research.
Average mortgage payments rose by £78 year-on-year in April, reaching a value of £590, while net earnings only increased by five per cent.
This means that typical households are spending 19.9 per cent of their […]
People should make sure they’re ‘insulated against debt’
Consumers should ensure that they can make financial allowances for the possibility of unforeseen debt, according to one expert.
Debt typically arises from changes in personal circumstances such as redundancy or divorce and consumers should ensure they are protected against this happening, says Debt Advice Bureau director Stephen Rose.
He said that while rising interest rates […]
AA: 70% of Brits fear inheriting parents’ debt
The majority of young Britons fear inheriting their parents’ debt when they pass away, according to new research.
A survey from AA found that 70 per cent are concerned about taking on their parents’ debt on death, while 86 per cent of those under 35 are worried about what may be present in their parents’ […]