Right now it’s first-time buyers who are ringing mortgage advisers phones off the hook after the Government offered them a lucrative tax break last month. The Chancellor recently increased the stamp duty threshold to £250,000 for first-time buyers, giving them up to a £2,500 tax break. That has meant a lot more people are calling [...]
More than a fifth of Brits currently in debt are lying to their partner about the amount of cash they owe – if you are hiding your problems the only way to ever solve them is to deal with your debt head on. According to the Post Office, the average person in the UK has [...]
If you have limited equity in your home you can get hold of a mortgage but it is going to cost you more for the privilege – unless a good mortgage broker can help you put together an affordable deal. It’s a fact that borrowers with small deposits are paying substantially more for mortgages according [...]
People are becoming so desperate to find ways of handling their adverse debts that they are willing to commit fraud – if your debts are driving you to think of crime, you have to get help before you get yourself into too much trouble. New research from LV= suggests that the number of people sustaining [...]
Finally! After years of adverse debt problems, many more people have finally seen the light and will now do all they can to reduce their debts rather than amass even more. In fact, repaying debts this year is one of the main financial priorities for people in the UK, according to John Gilbert Financial Research. [...]
You might have spent the last year or two struggling with debt on a daily basis – but are you still in denial as to how serious your sub-prime mortgage debt is? According to R3 Insolvency, a third of those with debt problems have not told their family or partner and a further 19% can’t [...]
The recent announcement by the Government to scrap stamp duty for all first-time buyer properties under £250,000 has meant there has been a surge in first-time buyers seeking out their first mortgage. According to Moneysupermarket.com, there was a 15% jump in the number of prospective first-time buyers visiting its website since the Budget announcement. It’s [...]
It is not just British citizens who have financial difficulties in the UK – many people from other EU countries are struggling with their British debts, and they must seek out professional help too. The Consumer Credit Counselling Service says it has seen a rise in calls to its helpline from people living outside the [...]
Adverse mortgage borrowers have struggled in vain to get hold of mortgage credit thanks to as much as £17,000 having been wiped off of their home’s value. Recent research from MetLife found that the average household’s value to decline by £17,480, due to falls in the markets and house prices. This has meant those who [...]
There was some hope for the thousands of British people struggling to get onto the UK housing market after the Chancellor announced plans for a tax break for first-time buyers for the next two years. The Chancellor Alistair Darling revealed that the Government would stop demanding stamp duty on all homes under £250,000 bought by [...]