Tag: Money

Middle Aged borrowers struggling to take out mortgages – effect of new lending rules ‘a major challenge’

Middle Aged borrowers struggling to meet Mortgage affordability regulations, newly specified in April’s Mortgage Market Review, mean lenders have re-vamped their requirements for loan approvals. Banks & building societies are now considering a borrower’s post-retirement income before sanctioning a mortgage … Continue reading

avatar
Posted by: Leanne Halsey Categories: Finance, Mortgages Tags: , , , , Leave a comment

May Mortgage approvals dipped to lowest levels since June 2013

According to the Bank of England the number of mortgages approved in May was at its lowest level since June last year.

avatar
Posted by: nicolasevern Categories: Finance, Industry News, Mortgages, Property News Tags: , , , , Comments Off

Equality Trust call for tax system overhaul after figures suggest nation’s poor contribute more than rich

The British electorate considerably underestimate how much the lowest earners in the country pay in tax and are under a false impression that the country’s richest shoulder the largest burden on their income from tax, according to compelling and insightful … Continue reading

avatar
Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , , , Comments Off

UK unemployment rate falls to 6.6% but growth in wages continues to stagnate

The UK unemployment rate continued its staggering downward trajectory in the three months to April this year, with the latest figures released by the Office for National Statistics indicating that the nationwide rate has fallen to just 6.6%.

avatar
Posted by: Leanne Halsey Categories: Economy, Latest News Tags: , , , , , 2 Comments

Rate rise of just 1% could send thousands into mortgage arrears, says UK Asset Resolution

Thousands of existing mortgage holders could be at financial risk of falling into arrears with their repayments if the Bank of England raises their base rate by just 1% in the near future, according to the chief of the “bad … Continue reading

avatar
Posted by: Leanne Halsey Categories: Economy, Finance, Industry News, Latest News, Mortgages Tags: , , , , , , 1 Comment

Property market beginning to “moderate”, says Nationwide

There’s an increasing amount of evidence within the property market to suggest that that it is “starting to moderate”, according to one of the country’s biggest building society.

avatar
Posted by: Leanne Halsey Categories: Buying, Economy, Estate Agents, House Prices, Latest News, Property Market, Property News, Selling Tags: , , , , , , , , 2 Comments

Pressure heats up on energy providers to slash surcharges on consumer bills

Pressure’s heating up on the nation’s energy providers to slash the amount they apply to customer bills which aren’t paid via direct debit.

avatar
Posted by: Leanne Halsey Categories: Energy, Industry News Tags: , , , , 3 Comments

Post Office research indicates that lowest earners in UK spend 40% more than their salary each year

The country’s bottom 20% of earners currently spend £1,910 more than their annual salary each year, whilst the UK’s top earning individuals on average have an excess of £18,680 at their disposal to save away every 12 months, official figures … Continue reading

avatar
Posted by: Leanne Halsey Categories: Economy, Finance, Savings Tags: , , , , 1 Comment