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Shelter, a charity organisation, recently conducted a survey with 2,202 participants and reported that more people are paying their mortgages or rent with money they borrow from credit cards.

For many consumers, obtaining mortgages with higher percentage rates is next to impossible, especially at the lower rates advertised.

Average pay settlements are around 2.5% during July and because of this many consumers have to endure cut backs in their outgoings and struggle to pay off personal loans and mortgages.

Recent figures show that consumers got a bit bolder in terms of unsecured borrowing and mortgages in the month of February.

For those who want to sell house fast, good luck: mortgages are getting harder and harder to find as UK borrowing hits a new record.

The number of mortgages approved for house buyers by the UK's main banks fell by 10% in 2010.

Aside from drops in overall lending, there has also been a drop in recent months in new mortgages that are approved but have not yet been lent.

The average borrowing of UK consumers is on the rise with the average amount owed by each UK adult at approximately £30,000, which includes mortgages.

According to figures released by the British Banker’s Association (BBA), the total number of home mortgages approved in June had dropped from the month before to 34,813.

Both new and current borrowers are seeing higher interest rates on mortgages as of 1 June 2010.

The world of mortgages is quickly changing, with the transformation perhaps being most evident in the dramatic increase in new mortgage deals requiring deposits of at least 25%.

In September 2009, nearly 200,000 mortgages had fallen into arrears by at least 2.5% of the outstanding balance.

The Financial Services Authority (FSA) has proposed new plans pertaining to mortgages, which may particularly affect some self-employed borrowers.

Mortgage advisors have warned of shortfalls in the amount available for lending, due to a lack of funds from mortgage companies.

Since 1 July 2009, The Sell and Rent Back Sector is now regulated by the Financial Services Authority, the same industry regulator for mortgages, banks and share trading.

Due to would-be property buyers struggle to find mortgage finance in the current economic climate, the gap between demand and supply in the housing marking will continue to widen, resulting in further gain in rents.

As taxes escalate, there will be a squeeze on household budgets in the next ten years or so.

Between the months of July and August almost 40% of homeowners witnessed their finances deteriorate according to a study under 1,500 adults.

Strict lending criteria developed by bank and housing pricing levels have meshed, eliminating new potential buyers from the market.

According to The International Monetary Fund, unemployment, growth, and risks to inflation are prevalent in the UK.

Since May, the UK economy has drastically weakened, escalating Europe's debt crisis and fears of contracting in the US.

It is predicted by the CML that 40,000 people will lose their homes this year.

Since the government expects to make changes with public sector pensions, people have expressed their concerns.

Government figures show that more than one-fifth of UK households experienced fuel poverty in 2009.

More holidaymakers will soon see their holiday budgets shrinking from additional charges on debit card use.

The Bank of England recently warned that increasing utility bills are expected to result in inflation hitting 5% later on this year.

The Bank of England recently warned that increasing utility bills are expected to result in inflation hitting 5% later on this year.

Mortgage lending is still at very low levels, according to the Council of Mortgage Lenders (CML).

For twelve years, the Office for National Statistics (ONS) has got the inflation numbers wrong.

Figures from the British Bankers' Association indicate that the stagnation in the UK property market is continuing.

Fixed rate mortgage prices have become much more expensive recently because of a rise in the swap rate.

More bad news for the unemployed: a recent survey discovered that employers expect the highest level of redundancy since 2004.

Figures show that 2010 saw UK mortgage lending fall to the lowest level in nine years.

A recent report notes that the Bank of England gave a boost to many UK households when the base rate was cut to 0.5%, a record low.

Recently released survey data shows that almost half of UK households are concerned about their debt levels, with a majority expressing greater concern today than over the last two years.

Energy bills may become an issue for many as the UK is expected to experience an extremely early start to winter this year.

The month of September saw a continuing weak appetite among consumers when it came to borrowing.

Sellers continue to outnumber potential homebuyers, which has led to housing prices still being under pressure to decrease.

The government has restricted limits to the tax-free income savers can put into pensions.

The Council of Mortgage Lenders (CML) is not pleased with the City regulator’s plan to place more restrictions on mortgage lending.

The Council of Mortgage Lenders (CML) has issued a warning that prices in the housing market will fall if the City regulator is able to restrict mortgage lending as planned.

the month of July, first-time home buyers found their share of the mortgage market at the lowest level seen in three years.

The Institute for Fiscal Studies (IFS) announced that the poorest families are the hardest hit by the first budget put out by the coalition government.

For some time now, lenders have been criticized about payment protection insurance (PPI) and the manner in which some of these policies have been sold.

Official figures show that new public sector borrowing in the month of June was higher than expected.

The rate of unemployment in the UK continues to rise, with 2.47 million UK residents unemployed as of April.

According to a recent survey of lenders, in the next three months overdrafts and personal loans will only be made available to those who are considered “better quality” borrowers.

It is no secret that personal debt has been steadily increasing for over a decade and that the number of people going bankrupt or being declared insolvent has risen alongside it.

Average consumer debt and household debt in the UK continues to increase.

Recently, families have enjoyed lower monthly bills due to the government’s efforts to boost the UK economy by temporarily reducing the VAT from 17.5% to 15%. However...