The Money Stop » financial

Family debt set to spiral

Reno — Fri, 22 Apr 2011 18:31:38 +0000

It has been suggested recently that family debt is set to spiral out of control over the next four years, with families expected to be struggling with average debts of around £84,000 per household. A report claims that the level of total household debt by 2015, including mortgages, loans, and credit cards, will reach an [...]

Family debt set to spiral is a post from: The Money Stop

Money Advice service now available for consumers

Reno — Tue, 12 Apr 2011 10:01:52 +0000

There is no doubt that there are many people these days that are desperate for financial advice, as they have a range of money issues that they need advice and help with, including debt advice, pensions advice, and advice on savings and other financial services. However, it has become increasingly difficult for people to get [...]

Money Advice service now available for consumers is a post from: The Money Stop

Turner wants FSA to have more power to protect bank customers

Reno — Wed, 26 Jan 2011 18:57:02 +0000

The reputation of banks, and the confidence that consumers have in these financial institutions, has plunged over recent years, since the onset of the global credit crisis in 2007. With this in mind the chairman of the UK’s financial regulator, the Financial Services Authority, has called for the authority to be given greater powers to [...]

Turner wants FSA to have more power to protect bank customers is a post from: The Money Stop

Mortgage drought could affect many people

Reno — Tue, 05 Oct 2010 17:39:41 +0000

Industry experts have said that under current plans that have been proposed by the UK’s financial regulator, the Financial Services Authority, many people could be facing a mortgage drought that could leave them unable to get the mortgage finance that they need in order to get onto the property ladder. The mortgage market is already very [...]

Mortgage drought could affect many people is a post from: The Money Stop

Lenders push borrowers into costly fixed rate deals

admin — Thu, 03 Dec 2009 08:05:17 +0000

It has been claimed that some lenders have been trying to push their borrowers into costly fixed rate deals at a time when the base rate has been at an all time low of just 0.5 percent for the last eight months. With many people due to come off fixed rate deals taken two or [...]

Lenders push borrowers into costly fixed rate deals is a post from: The Money Stop

Success for sale and rent back tenants

admin — Fri, 28 Aug 2009 07:22:05 +0000

A couple who got involved in a sale and rent back scheme after selling their home to a sale and rent back company which then stopped making the mortgage repayments on the property have enjoyed victory recently, when courts decided that they could continue living at the property. Sale and rent back schemes have recently [...]

Success for sale and rent back tenants is a post from: The Money Stop

King takes a stance on public borrowing

admin — Sat, 15 Aug 2009 11:45:07 +0000

As most people are only too aware the public purse has taken a real bashing over the past year, with the government using taxpayers’ money for all sorts of measures in order to try and stabilise the financial system and improve the economy. However, it appears that the Governor of the Bank of England, Mervyn [...]

King takes a stance on public borrowing is a post from: The Money Stop

£22 million in fines from FSA over 2008

admin — Sat, 17 Jan 2009 11:56:39 +0000

Recently released figures have indicated that over the course of 2008 the Financial Services Authority handed down around £22 million in fines as it continued its crackdown against the mis-selling of payment protection insurance cover and tried to curb rising levels of mortgage related fraud. The UK’s financial regulator has been handing down record fines [...]

£22 million in fines from FSA over 2008 is a post from: The Money Stop

Will you be shopping or saving this Christmas?

admin — Wed, 10 Dec 2008 07:53:01 +0000

The turmoil that has hit the financial markets over the past year have affected many of us in a number of ways, and tighter credit conditions coupled with soaring inflation, rocketing bills and petrol costs, high mortgage repayments, and other rising costs has left many of us with very little money to blow on spending, [...]

Will you be shopping or saving this Christmas? is a post from: The Money Stop

Mind: Debt can exacerbate mental health problems

admin — Sat, 24 May 2008 13:19:09 +0000

Mind: Debt can exacerbate mental health problems is a post from: The Money Stop