- Sell and Rent Back - Country's Borrowing Falls Dramatically
Public sector net borrowing in the UK has fallen by billions during October. The massive drop was much lower than anyone realised and the rise in tax revenue overtook spending. This year borrowing dropped to £6.5bn, a large decrease as in 2010 borrowing rates were £7.7bn.
- Sell and Rent Back - Record High Unemployment
Unemployment levels for 16 to 24- year-olds are now record high after rising to over 1 million this October.
- Sell and Rent Back - House Rental Market Imbalance
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.
- Sell and Rent Back - Pay Freeze Continues
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.
- Sell and Rent Back - Living Standard Squeeze
Since May, the UK economy has drastically weakened, escalating Europe's debt crisis and fears of contracting in the US.
- Sell and Rent Back - Fuel Poverty Hits Households
Government figures show that more than one-fifth of UK households experienced fuel poverty in 2009.
- Sell and Rent Back - Property Sales 'Sluggish'
So far in 2011, 382,000 UK homes have sold, which is down from 407,000 homes sold in the first six months of 2010.
- Sell and Rent Back - Annual Savings Down
Figures suggest that some UK residents are saving less these days, due to increased outgoings, such as higher household bills.
- Sell and Rent Back - Customers to Face Higher Energy Bills
Centrica, which owns British Gas, has put out a warning that customers may soon see an increase on their energy bills.
- Sell and Rent Back - Amazon Profits Slump by a Third
Amazon has reported a sharp drop in quarterly profits as the cost of investing in new business overshadowed a big jump in sales.
- Sell and Rent Back - Toyota CutsUK Car Production
Toyota, the world's biggest carmaker, will be closing its UK plant at Burnaston in Derbyshire for two days each week in May due to the current shortage of car parts.
- Sell and Rent Back - Property Market Still in Doldrums
Ian Perry, a housing spokesman for the Royal Institution of Chartered Surveyors (Rics), reports, “With the prospect of forthcoming interest rate rises and continued shortage of mortgage funding, it seems that overall recovery for the national housing market is still some.
- Sell and Rent Back - Consumer Borrowing on the Rise
Recent figures show that consumers got a bit bolder in terms of unsecured borrowing and mortgages in the month of February.
- Sell and Rent Back - UK Inflation Rises to 4.4%
Will inflation rates ever come down again? In January, the UK Consumer Prices Index stood at 4%; today it stands at 4.4%.
- Sell and Rent Back - Complex Energy Bills
Since 2008, tariffs on energy bills have increased from 180 to more than 300.
- Sell and Rent Back - Pension Scheme Closure
Across the UK, you shouldn't count on your pension scheme to support you anymore.
- Sell and Rent Back - UK Economy Unhealthy
The UK economy will grow by less than expected in 2011, the British Chambers of Commerce forecasts.
- Sell and Rent Back - UK Property Market Subdued
Figures from the British Bankers' Association indicate that the stagnation in the UK property market is continuing.
- Sell and Rent Back - Fixed Rate Mortgages More Expensive
Fixed rate mortgage prices have become much more expensive recently because of a rise in the swap rate.
- Sell and Rent Back - Higher Tax Rate Hits 750,000 People
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.
- Sell and Rent Back - Debt Divides
Figures show that bankruptcies among men are on the rise at a higher rate than those among women; however, men seek help with their debts less often.
- Sell and Rent Back - Sharp Rise in Job Losses
More bad news for the unemployed: a recent survey discovered that employers expect the highest level of redundancy since 2004.
- Sell and Rent Back - UK Unemployment Rises
According to figures released by the Office for National Statistics (ONS), unemployment in the UK increased by 49,000 in the three-month period culminating at the end of November, which brought the total figure to nearly 2.5 million.
- Sell and Rent Back - Bank Mortgage Approvals Drop 10%
The number of mortgages approved for house buyers by the UK's main banks fell by 10% in 2010.
- Sell and Rent Back - Debt Worries Rise
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.
- Sell and Rent Back - UK Household Finances Stretched
According to a survey from the Bank of England, UK households continue to struggle financially. Of the 2,000 households polled, more than half reported struggling with repayments for unsecured debts, including credit cards.
- Sell and Rent Back - Retirement Savings Decline
A recent report notes that starting early is the best choice when it comes to saving for retirement; however, figures show that young adults in the UK could be facing poverty when they reach retirement, due to many of them not setting aside enough in savings.
- Sell and Rent Back - Private Pension Fees
A new report suggests that administration fees are taking a considerable bite out of UK residents’ private pensions.
- Sell and Rent Back - Government Borrowing Rises
Numbers from the Office for National Statistics show that £10.3bn was borrowed by the UK government in the month of October to compensate for the public finances gap.
- Sell and Rent Back - Property Sales Drop 11%
According to HM Revenue & Customs, property sales are still down in the UK with October sales 11% lower than the same month last year.
- Sell and Rent Back - Debt Help Requests Rise
The Citizens Advice Bureau (CAB) has reported an increase of 6,000 in the number of debt cases they have dealt with this year over last year, with the most concerning increase being in primary debts, which could result in people losing their homes.
- Sell and Rent Back - Unexpected Inflation Rise
In an unexpected turn of events, the UK saw the Consumer Prices Index inflation rate rise 0.1% to reach 3.2% in October.
- Sell and Rent Back - Credit Card Caps
As part of an effort to review consumer borrowing and determine ways in which it can be made fairer, the government is seeking expert opinions regarding consumer credit, including store cards and credit cards.
- Sell and Rent Back - PPI Insurance Curbs
As confirmed by the Competition Commission, banks will not be allowed to sell payment protection insurance (PPI) policies to their customers when granting loans; however, lenders will be able to offer PPI policies to customers seven days after the loan is granted.
- Sell and Rent Back - Pension Tax Changes
The government has restricted limits to the tax-free income savers can put into pensions.
Sell and Rent Back - Job Cuts
Alliance Boots, a provider of chemist, health and beauty products, announced plans to cut 900 non-store jobs over the coming three years.
- Sell and Rent Back - Benefit Cap
Plans announced for a benefits cap to go into effect for 2013 will affect an estimated 50,000 UK households, capping the maximum benefits a family can claim at £26,000 per year.
- Sell and Rent Back - Child Benefit Cuts
Discussions are in progress relating to the possibility of removing Child Benefit from families with one or both parents earning over £44,000 per year.
- Sell and Rent Back - Paying of Debts
According to the Markit UK Household Finance Index, savings are still low as consumers focus on paying down debts amongst concerns regarding economic difficulties ahead.
- Sell and Rent Back - Debt Management Fees
Those facing financial difficulties often turn to debt management companies in a desperate attempt to seek help in determining how best to handle their debt.
- Sell and Rent Back - Exploiting Debt Managemant Companies
The Office of Fair Trading has given 129 debt management companies three months to come into line after finding that some firms are overly focused on sales and even posing as charities.
- Sell and Rent Back - Home Purchase High Costs
Purchasing a new home is becoming increasingly cost-prohibitive, and it doesn’t look like the situation will improve any time soon.
- Sell and Rent Back - UK Economy Slowdown
Business group CBI predicts that the UK economy will have a slower recovery next year than previously believed.
- Sell and Rent Back - 'Affordable Loans'
My Home Finance is a pilot scheme testing a new lending option for financially marginalized groups.
- Sell and Rent Back - Name and Shame Financial Institutions
Complaints filed with the Financial Ombudsman Service (FOS) are on the rise and, for the last 18 months, FOS has started naming and shaming those institutions that have received the most complaints.
- Sell and Rent Back - Financial Firm Complaints
Complaints filed with the Financial Ombudsman Service (FOS) increased by 2,076 in the first half of 2010, compared to the number received in the preceding six months.
- Sell and Rent Back - Bank Customers in Poverty
An allowed banking process called setting off is on the rise and is leaving some customers broke.
- Sell and Rent Back - Savings Accounts Raids
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.
- Sell and Rent Back - Lower Income Struggles
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.
- Sell and Rent Back - New Savings Plan Scrapped
The new coalition government has scrapped Labour’s flagship Saving Gateway savings plan, which was meant to start in July with the goal of encouraging the UK’s poorest to start saving.
- Sell and Rent Back - Record Pension Deficit Payments
Companies listed in the FTSE 100 share index paid out a record £17.5 billion extra into pension schemes in 2009 as part of their efforts to pay off accumulated deficits.
- Sell and Rent Back - Falling House Prices - Again
According to the Royal Institution of Chartered Surveyors, house prices are beginning to fall again.
- Sell and Rent Back - Benefit Fraud Crackdown
Fraudulent benefit claims total about £1.5 billion each year, but credit rating firms are poised to play a bigger role in tracking down cheats.
- Sell and Rent Back - PPI Stop
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.
- Sell and Rent Back - Business Energy Bills
During the first annual energy statement delivered to Parliament, Energy Secretary Chris Huhne estimated a significant increase in energy bills for businesses over the next 10 years.
- Sell and Rent Back - Bus Pass Age Rises
Currently, residents of England who are 60 or older are eligible to receive free bus passes.
- Sell and Rent Back - Telephone Bill Rises
BT customers will soon see a 10% increase in call charges, as well as a 50p increase in monthly line rental.
- Sell and Rent Back - Home Repossession Scheme
Funding for the government’s home repossession scheme is poised to be cut, according to the housing minister.
- Sell and Rent Back - Shocking Borrowing
Official figures show that new public sector borrowing in the month of June was higher than expected.
- Sell and Rent Back - Equity to release cash
More and more pensioners are being forced to unlock equity from their homes as a last resort option for paying off debts and other bills.
- Sell and Rent Back - Summer Drop UK House Prices
The Halifax reported a slight drop in housing prices for the early summer, as compared to the beginning of the year.
- Sell and Rent Back - Pension Changes
The UK government has proposed changes to how some private sector pensions are calculated.
- Sell and Rent Back - Banks Selling Private Equity
After the round of bailouts by the UK government that occurred last year, the European Commission ordered groups like Royal Bank of Scotland and Lloyds Banking Group to sell off assets as part of efforts to safeguard against competition concerns.
- Sell and Rent Back - Royal Family Budget Cuts
The economic crisis has touched us all in one way or another, which was evidenced, once again, when it was learned that even the Royal Family has faced budget cuts.
- Sell and Rent Back - Strike Warnings
Strikes could be on the horizon as threats of redundancy are on the rise. As part of the coalition’s ongoing effort to handle a record budget deficit, Treasury figures are suggesting that as many as 600,000 public sector jobs could disappear over the coming five years.
- Sell and Rent Back - Housing Benefits Cuts
Starting in April 2013, unemployed people who claim Jobseekers Allowance for more than 12 months will experience a 10% cut in their Housing Benefit after the 12-month mark.
- Sell and Rent Back - VAT Rise
In a move that did not come as a surprise to most UK residents and retailers, the chancellor’s decision to increase the standard rate of the Value Added Tax (VAT) will bring the UK’s VAT closer to rates found elsewhere throughout Europe.
- Sell and Rent Back - Record High Unemployment
The rate of unemployment in the UK continues to rise, with 2.47 million UK residents unemployed as of April.
- Sell and Rent Back - Housing Benefits Limited
As part of the new Budget, there will be new limits to Housing Benefits, which has been significantly reduced. The maximum level will now be £400 per week, which is only for properties having three or more bedrooms.
- Sell and Rent Back - Public Sector Pay Freeze
Part of the new Budget includes a two-year pay freeze for those working in the public sector. This will affect all workers earning more than £21,000 per year.
- Sell and Rent Back - Rising Pension Age
UK residents can expect to see many changes as the government undertakes its reforms. One of the first reforms includes a change in the pension age, which is scheduled to go from 65 to 68.
- Sell and Rent Back - Schools Under Pressure
The College and University Support Network have been fielding more calls from higher and further education lecturers of late, largely due to existing funding crisis.
- Sell and Rent Back - High Street Sales Drop
A survey conducted by the CBI business group found that UK High Street sales hit their lowest point in 14 months this May.
- Sell and Rent Back - Financial pressure on families due to Credit Crunch
In further evidence of the way money troubles are affecting every aspect of life, a recent survey shows that money troubles are creating a barrier to parents spending time with their children.
- Sell and Rent Back - Free NHS Prescriptions on hold
The effects of the recent recession are still being felt as financial pressures force the NHS to put a hold on proposals to provide no-cost prescriptions to England residents.
- Sell and Rent Back - Interest Rate Rise
Both new and current borrowers are seeing higher interest rates on mortgages as of 1 June 2010.
- Sell and Rent Back - Bank Fines
The Financial Services Authority (FSA), which is the financial regulator that oversees banking practices, has fined JP Morgan Securities £33.32 million, which is a record in the world of banking fines.
- Sell and Rent Back - Unemployment Rate Peakes
During the first three months of 2010, unemployment in the UK increased by 53,000; bringing the total to 2.51 million.
- Sell and Rent Back - Royal Mail Pension Deficit
The Royal Mail pension fund deficit has hit £8 billion with an even greater deficit expected after the full three-yearly valuation is completed and published sometime over the next two months.
- Sell and Rent Back - Job Stats Latest
The latest job stats show that the rate of unemployment is still on the rise, as well as the number of people who are registered as economically inactive.
- Sell and Rent Back - Pay Freezes
We may have started hoping that pay freezes and redundancies would now come to an end as the economy struggles to recover; however, this is unfortunately not the case.
- Sell and Rent Back - Loan Shark Warnings
New warnings about the dangers of borrowing from loan sharks will soon be disseminated. The Office of Fair Trading and trading standards officers are stepping up a campaign against loan shark lending and will be handing out approximately 200,000 leaflets and posters warning people of the dangers involved when borrowing from illegal lenders who can sometimes be violent.
- Sell and Rent Back your Property- Child Trust Fund Scrap
As we continue to see cuts in government spending, the latest program on the chopping block appears to be the Child Trust Fund. Currently, parents receive a voucher for at least £250 to invest for each newborn child, with an additional payment made after the child reaches the age of seven.
- Sell and Rent Back - Enery Bills Arrears
According to an estimate by uSwitch, UK consumers currently owe approximately £728 million on energy bills. While some figures seem promising, such as the numbers showing that 5.5 million households (21%) are currently in debt to their energy suppliers, compared to 6.5 million (25%) last year, this does not show the entire picture.
- Sell House and Rent Back - House hold debts rising?
Household debts are on the rise in the UK, partially due to many families relying on credit cards and loans to make ends meet during the recent recession and continuing to do so during the slow recovery the economy is now experiencing.
- Sell Home and Rent Back as monthly travel costs keep rising
Some of the UK’s major train operators have recently been accused of surreptitiously increasing train fares by extending what are considered peak hours.
- Sell and Rent Back - Redundancy around the corner?
The Royal Bank of Scotland (RBS) has announced that more job cuts are on the horizon. After a massive 2007 government bail-out saved the back from collapse and resulted in RBS being 84% taxpayer owned, the bank began to look for ways to cut costs.
- Sell and Rent Back - Slow Economy Recovery
The UK economy is recovering from the recent recession at a rate that is slower than experts predicted.
- Sell and Rent Back - Retail Sales Drop
According to reported figures, UK retail sales dropped significantly in April. These figures, reported by the British Retail Consortium (BRC), indicate that sales were down 0.2% from April of last year, with a like-for-like drop of 2.3%.
- Sell and Rent Back - Little change in the Housing Market expected
Experts anticipate little change occurring in the housing market over the next few months. During the first three months of the year, the demand for mortgages fell, due largely to the end of the temporary stamp duty holiday, as well as the poor weather.
- Sell and Rent Back - Are you having trouble getting a Personal Loan?
As many consumers have discovered, there have been several recent changes in the mortgage and personal loan industries.
- Sell and Rent Back - Are you worried about the rising Consumer Prices?
As most UK residents are well aware, consumer prices are on the rise. Not only must consumers contend with increasing prices on food, non-alcoholic beverages, clothing and footwear, but they are also feeling the continuing impact of the increase in VAT, which returned to 17.5% in January of this year.
- Sell and Rent Back - Government Debt Help Failures
Over the past several years, the government has proposed and implemented an array of projects supposedly intended to assist people in debt.
- Sell and Rent Back - Will new credit rules have any effect on you?
Several new rules and guidelines have recently come into play regarding consumers, credit and debt.
- Sell and Rent Back - Hidden Debts
Research conducted for the Post Office by OnePoll shows that an astonishingly high number of UK residents hide the truth about their personal debt from their family members and loved ones.
- Sell and Rent Back - Record High Oil Prices
As if UK residents were not already facing enough financial woes, petrol prices are on the rise yet again.
- Sell and Rent Back - Housing Market Slow Down
Borrowers will now be offered greater protection regarding credit card debts, including changes that will affect monthly repayment amounts and the ability to reject interest rate changes.
- Sell and Rent Back - Struggling to pay your interests?
Personal debt has been on the rise in Britain for some time now, but new research shows that the rising cost of interest payments is poised to become an even greater burden on many households.
- Sell and Rent Back - Mortgage market still subdued
According to the British Bankers’ Association (BBA), the rush of buyers trying to beat the end of the stamp duty holiday was at least partly responsible for the continued depression of the mortgage market in February.
- Sell and Rent Back - Home Loan Fall
The Council of Mortgage Lenders has released a report showing a slowdown in mortgage lending in recent months.
- Sell and Rent Back - Housing Market Slow Down
A recent Halifax report states that there has been a significant slowdown in the UK housing market and mortgage lending sectors in recent months.
- Sell and Rent Back - Damaging Tax Rises
Most concur that the UK simply cannot afford having political parties play games with public finances during this challenging economic climate and just before the upcoming elections; however, the Budget to be released on 24 March – which is the last Budget prior to the coming general election – may include damaging tax rises.
- Sell and Rent Back - House Prices Drop
According to research conducted by Halifax, the UK housing market has recorded its first monthly fall in home prices since June 2009.
- Sell and Rent Back - High Deposits
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%.
- Sell And Rent Back - Public Spening Cuts
In order to address the UK’s £178 billion deficit and to begin to re-establish credibility in public finances, the government must start implementing public spending cuts this year.
- Sell and Rent Back - Fraudulent Brokers
The Financial Services Authority (FSA) Mortgage Market Review September 2009 included a proposal calling for the ban of self-certified mortgages, asserting that all borrowers should be required to demonstrate their ability to afford repayment of their home loans.
- Sell and Rent Back - Aggressive Repossessions
As if the economic crisis did not place enough pressure on hardworking UK residents, a study conducted by the Financial Services Authority (FSA) has found that mortgage lenders have engaged in overly aggressive treatment towards borrowers in arrears.
- Sell and Rent Back - Mortgage Protection
In September 2009, nearly 200,000 mortgages had fallen into arrears by at least 2.5% of the outstanding balance.
- Sell and Rent Back - Cash Flow Problems
As the economic crisis continues, cash flow problems continue to rise, with recent information showing that 32% of people made redundant would not be able to meet their current living expenses within the first month of unemployment.
- Sell and Rent Back - Later Retirement
Just two years ago, the rate of people 55 and over who were planning to work beyond the state pension age was at 40%.
- Sell and Rent Back - Debt Problems higher than ever
UK residents are currently struggling with debt and unemployment at levels that most have not previously experienced in their lifetime.
- Sell House Rent Back Helps Unemployed
Just one day after learning that the Borders UK book chain went into administration, which could result in the loss of 1,150 jobs.
- Sell House Rent Back - Middle England Feel the Squeeze
Could a sell house rent back scheme be the solution to the high lifestyle costs of Middle England during the credit crunch?
- Sell House Rent Back as Repossessions 'Swamp' Lawyers
Sell house rent back schemes are an attractive alternative as lawyers are turning away homeowners looking for repossession help.
- Sell House, Rent-Back - House Market Misery Increases
Sell house rent back schemes look more inviting as the housing market misery intensifies.
- Sell House, Rent Back - 1 in 5 Fear Repossession
The extent of the housing and credit crisis in the UK is now so extensive that 20% of homeowners fear repossession. As such, many are expected to seek out sell house, rent back schemes in 2008/9.
- Sell House, Rent Back – London’s Falling
According to a report by Rics, the property prices in London are set to fall by a further 10% before they hit rock bottom. As such, many will decide to utilise a sell house, rent back scheme in order to release their equity.
- Sell House, Rent Back - No End in Sight
The number of homeowners seeking sell house, rent back schemes in the second half of 2008 is set to skyrocket amidst reports that house prices are falling at their fastest rate in the last 50 years.
- Sell House, Rent Back - Property Prices Plummet £3,600 in June
The housing market has been weathering a storm of late and it shows no immediate signs of abating as prices dropped by £3,600 in June. Many will use a sell house, rent back scheme in order to release the equity from their homes.
- Sell House Rent Back for Mortgage Victims
Sell house rent back schemes may be an option for home owners who were mis-sold their mortgage.
- Sell House Rent Back as Buyers Back Off
Sell house rent back schemes are an added option for beleaguered households.
- Sell House Rent Back - Can't Afford to Move
Crippling mortgage fees are forcing more struggling homeowners to consider sell house rent back schemes.
- Sell House Rent Back - Affording Divorce
If you are going through a divorce, a sell house rent back scheme could provide some temporary answers.
- Sell House Rent Back as Crunch Continues
Sell house rent back schemes could soar as the credit crunch is expected to drag on.
- Sell House, Rent Back, Get Real
More homeowners may have to opt for a sell house rent back scheme as they wake up to the reality of the housing market.
- Sell House, Rent Back – B&B Collapse Brings Cheap Mortgages to an end?
The collapse of the Bradford and Bingley recently is expected to all but end any hopes for cheaper mortgages that homeowners had. Many are expected to turn to sell house, rent back schemes to realise the equity from their homes if they are struggling with mortgages.
- Sell House, Rent Back – House Price Drops are Accelerating
In what will come as alarming news to homeowners up and down the country, the drops in house prices are actually accelerating. Many will opt to make use of a sell house, rent back scheme to avoid any further repercussions from the massive malaise in the housing market.
- Sell House, Rent Back – Uncertainty Causing Housing Market Malaise
If one word could be used to describe the housing market, 'uncertain' would rank highly. Many homeowners expect to make use of sell house, rent back schemes in 2009 to overcome the property market malaise that reigns due to the uncertainty shrouding it.
- Sell House, Rent Back as Open Market Grinds to Halt
Sell house, rent back companies could fill the housing gap as the open market grinds to a halt.
- Sell House Rent Back – Stuck in an Expensive Mortgage
Is your mortgage too expensive? A sell house rent back scheme could offer a way out of the mortgage trap.
- Sell House Rent Back to Cope with Crunch
Sell house, rent back schemes could be one way to sail through the credit crunch.
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