Search Results

New European rules will be going into force in the UK as of 1 February, which are expected to result in an increase in the number of borrowers being charged higher rates of interest than those advertised.

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

Homeowners are seeing mortgage rates rise despite the Bank of England’s base rate remaining stuck at rock bottom. 

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

Along with the UK government target inflation rates rising in July, due to the increase of financial service fees and higher prices for clothing.

Will inflation rates ever come down again? In January, the UK Consumer Prices Index stood at 4%; today it stands at 4.4%.

There has now been no change to UK interest rates for two years, even though inflation is currently twice the Bank's target rate.

According to the Institute for Fiscal Studies (IFS), a prominent economic research group, approximately 750,000 additional UK residents are poised to pay higher tax rates in April.

The Policy Exchange has put out a warning that interest rates could need to increase to 8% in an effort to combat mass inflation. The think tank speculates that a wave of money could be unleashed as a result of the economic recovery.

According to the financial information service, Moneyfacts, rates on authorised overdrafts are now the highest they have been in the last decade.

The National Insurance Contributions Bill, as included in the Queen’s Speech, is scheduled to increase national insurance contribution rates as of April 2011.

As if many people were not already facing enough financial challenges, interest rates on credit cards are on the rise.

Unemployment levels for 16 to 24- year-olds are now record high after rising to over 1 million this October.

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

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

Without government action addressing the chronic amount of under supplying homes, it is a possibility the housing market will plummet into a deep crisis.

Since 1991, the amount of consumers actively saving in corporate pension schemes within the UK's private sector has been halved.

In recent surveys 4,359 UK parents say how costly childcare fees have placed them in debt.

Unemployment numbers in the UK have increased greatly by 38,000 to 2.49 million within the past few months.

A recent survey questioning 1,800 UK businesses claims the biggest threats to UK companies are due to a weakened domestic demand.

HMV, the DVD and music retailer, recently sold the Waterstone’s book chain to a fund controlled by Alexander Mamut – a Russian billionaire who owns 6% of HMV.

Winter fuel payments for older people are due to fall this year.

A recent report shows that banks in the UK are receiving tens of billions of pounds through hidden subsidies from customers and taxpayers – in addition to receiving support directly from the state.

In January 2011, the UK's Consumer Prices Index (CPI) rose by 4%.

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

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

Halifax, a lender in the Lloyds Banking Group, reports that house prices in the UK continue to fall, with December seeing a drop of 1.3% from November prices.

Figures showing August mortgage activity have been released and show that lending was down 5% from July and down 3% from August 2009 in regards to loans granted to first-time homebuyers.

A recent survey of recruitment firms conducted by the Recruitment and Employment Confederation (REC) suggests that the UK employment market continues to weaken.

My Home Finance is a pilot scheme testing a new lending option for financially marginalized groups.

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

A survey conducted by Schroders shows that nearly a third of the adults in the UK took money out of their savings over this past year to make up for income shortfalls.

Small- and medium-sized enterprises (SMEs) have seen a rise in bank fees this year, which is only making it more difficult to stay afloat and recover from the recent economic crisis.

BT customers will soon see a 10% increase in call charges, as well as a 50p increase in monthly line rental.

There’s been some good news at last for those seeking quick house sales or wanting to sell their property portfolio.