Archives for 3 September 2007
One in four ‘raid savings to clear debt’
Article Category: Debt Management Help and Advice
A quarter of Britons are turning to their savings accounts to clear debt they had not expected, it has emerged.
Research from Birmingham Midshires notes a 14 per cent increase in the amount taken out of savings accounts over the past quarter, when compared with the last three months of […]
Mortgage arrears ‘driving house auctions’
Article Category: Debt Consolidation Help and Advice
Affordability problems are leading to an increasing number of properties being repossessed, according to the Royal Institution of Chartered Surveyors (Rics).
The industry body states that rising interest rates on mortgages are leading to more Britons entering arrears.
In consequence, more homes are being put up for auction as a quick […]
‘Back to school’ sentiment for remortgage efforts
Article Category: Debt Management Help and Advice
Britons still have a ‘back to school’ approach to their finances, with many opting to remortgage in September, according to Abbey.
Figures from the financial services provider show that mortgage renewals are at one of their highest levels all year during the month.
Meanwhile, 23.8 million hours are to be spent […]