Archives for 14 June 2007
Credit cards ‘adding to mortgage debts’
Many Britons are adding to their mortgage debts by using credit cards to cover the additional costs when moving house, it has emerged.
Research by Co-operative Bank revealed that 15 per cent of home movers have turned to their plastic to pay for unforeseen fees such as stamp duty and solicitors’ bills.
In all, some £10 […]
Domestic holidays ‘may help with debt’
Consumers looking to manage their debt more effectively may be looking to take holidays within the UK this year, it has been proposed.
The Royal Institution of Chartered Surveyors (Rics) suggests that domestic vacations could be one means of saving the money required for repayments on borrowings.
Rics makes the intimation in response to figures from […]
Interest rates ‘disaster’ for families in debt
Families with debt management problems are facing ‘disaster’ following recent increases in the base rate of interest, it has been claimed.
Liberal Democrat shadow chancellor Vince Cable advises that rising mortgage repayments are presenting many families with affordability issues.
His comments follow the publication of statistics by the Council of Mortgage Lenders which show the affordability […]