Archives for 10 July 2007
Fixed-rate mortgage holders ‘must plan to stay debt free’
While fixed-rate mortgages may offer some respite from recent interest rate increases, borrowers must plan to remain debt free, it has been warned.
The Council of Mortgage Lenders (CML) states that a long-term approach to managing mortgage debt could be as crucial as the original decision of which package to seek.
Research conducted by the CML […]
Parents ’should have debt management plan for summer’
Parents could benefit from a debt management plan in order to cover the cost of keeping their children happy over the summer holidays, it has been suggested.
Research conducted by Abbey shows that parents will spend some £4.7 billion this year to entertain their children.
The survey found that parents expect to spend an average of […]
Unpaid holidays ‘adding to personal debt’
British workers build up their personal debt by going on holidays before paying for the last, Alliance & Leicester has found.
As much as ten per cent of British holidaymakers have not paid for their previous holiday before jetting off to the next one, according to the research.
“Many holidaymakers run the risk of letting their […]
Irresponsible lenders ‘adding to mortgage debt problem’
Irresponsible lenders are compounding the debt problem for sub-prime mortgage customers, it has been claimed.
The products are typically provided to customers with a debt problem who find difficulty in obtaining a standard mortgage.
However, research from the Financial Services Authority (FSA) shows that many lenders are not carrying out basic affordability checks before providing funds […]