Sell and Rent Back: The Christmas season will put a third of Britain into debt, says YouGov
A YouGov survey has said that around one out of three in the UK will be in debt due to the cost of Christmas. The survey states that 11% of people in the UK spend more money than they have, with 31% getting into debt to pay for Christmas costs. The survey also suggests that this figure includes the use of overdrafts. Intelligent Environments commissioned the survey.
Sell and Rent Back: Pension deficits soar to sky high level of £222bn
The total deficit of final-salary private sector pension schemes soared to a record high of £222bn last month. The Pension Protection Fund (PPF), which compiled the figures, claimed the deficit rose by £64bn from the end of September. It said that although the value of scheme assets had risen, this had been outweighed by the increasing cost of paying for pensions.
Sell and Rent Back: Britain’s inflation rate drops to 4.8% last month
Consumer Prices Index (CPI) inflation in the UK dropped to 4.8% last month, down from 5% in October, according to the Office for National Statistics (ONS). Retail Prices Index (RPI) inflation also fell to 5.2% from 5.4%. It is possible this was caused by a reduction in the rise of food and soft drink costs.
Sell and Rent Back: TV programme will discuss the large amount of empty homes in UK
Even though two million people are on housing waiting lists, a staggering one million houses are lying empty. This issue is discussed on Channel 4’s new ‘Great British Property Scandal’ series, which starts tonight.
Sell and Rent Back: Typical applicants are rarely seen by estate agents
Nine out of ten potential buyers are now only booking viewings online to see properties they are already interested in, instead of registering with agents beforehand. The unusual claims are based on statistics collected by Expert Agent from its 1,200 member branches.
- Sell and Rent Back: Public refuses to believe that property prices have decreased
Members of the public have voiced their opinions as to why property asking prices have been slow at declining. The majority actually do not believe house prices are going down. However, more than one in five does expect house prices to soar.
- Sell to Rent Back: Public Sector Job Losses Set to Rise
A forecasting group has said that the losses of public sector jobs are too conservative and will not meet government spending cuts. The Ernst and Young ITEM Club wants the Office for Budget Responsibility to increase public sector job loss estimates over the next five years by 100,000.
- Sell and Rent Back: BCC Cuts Forecast for UK Economy
The British Chambers of Commerce (BCC) has said economic growth will be “very weak” in the next 2-3 quarters. Though the business lobby group had expected growth to be as high as 2.1% for next year, it is now estimated at only 0.8% in the UK. The Eurozone has been named as one of the main causes to the economic downfall.
- Sell to Rent Back: House Prices Plummet in England and Wales
House prices in October were 3.2% lower than last year in England and Wales says the Land Registry. Out of 16 million house purchases, the report showed house prices fell £2,020 in one month. London’s house prices also dropped in October; however London is still the only region where prices have risen in 2011.
- Sell and Rent Back- Rising Poverty Set to Increase
UK’s poverty is set to increase further, the Institute for Fiscal Studies (IFS) has stated. It showed that over 2 million children and 2 million adult’s in2009/2010 were living in terrible poverty. Figures are set to rise by 600,000 children and 800,000 adults in 2012/2013.
- Sell and Rent Back- Childcare Costs too Pricey for Working Parents
Childcare costs are so high that one parent giving up work may prove to be cost effective, a family finances survey has stated. Already 32,000 women have quit their jobs since last year as the costs that come with working are just too high. As costs are rising, savings are falling.
- Sell and Rent Back- Firms Fear of High Impact Financial Events
A number of firms have shown a high concern of a “high impact event” hitting the UK. A survey of 68 firms stated that 54% thought there was a risk of events such as the EU breaking up or a fall of a financial institute. A further 76% of firms on a survey showed their top fears were economic downturn or a sovereign risk.
- Sell and Rent Back - Housing Market Crisis
Without government action addressing the chronic amount of under supplying homes, it is a possibility the housing market will plummet into a deep crisis.
- Sell and Rent Back - Unemployment Continues to Rise
Unemployment numbers in the UK have increased greatly by 38,000 to 2.49 million within the past few months.
- Sell and Rent Back - House Prices Tumbling
According to the IMF, higher prices for oil, economic turmoil in the eurozone, impact of spending cuts, and plummeting prices could throw the economy off course.
- Sell and Rent Back - Pension Costs Still Rising
Since the government expects to make changes with public sector pensions, people have expressed their concerns.
- Sell and Rent Back - First-Time Buyers Locked Out
A Halifax poll, which included 4,000 non-homeowners as the respondents, shows that two-thirds of young adults who do not own a home believe they will not be able to get on the property ladder.
- Sell and Rent Back - Barclays Profits Fall
Barclays, the UK bank has reported a 9% fall in pre-tax profits for the first three months of the year to £1.66bn.
- Sell and Rent Back - Dangerous Cocktail
According to shadow chancellor Ed Balls, the combination of rising fuel costs, increasing food prices, broad spending cuts and a decreasing standard of living has formed into a “dangerous cocktail” that is significantly affecting the economy.
- Sell and Rent Back - Student Loan Debts Revealed
According to a Freedom of Information request, the sum of the twenty largest student loan debts tops £1 million, with the largest student loan of all at £66,150.
- Sell and Rent Back - Pensioners' Winter Fuel Payments Cut
Winter fuel payments for older people are due to fall this year.
- Sell and Rent Back - Housing Market Stuck in a Rut
UK mortgage lending remained at low levels in February as the housing market remained "stuck in a rut", lenders have reported.
- Sell and Rent Back - Prescription Charges to Rise
If you're in Scotland, Wales, or Northern Ireland, feel grateful – MSPs have scrapped your prescription charges.
- Sell and Rent Back - Fears of Another Recession
There has now been no change to UK interest rates for two years, even though inflation is currently twice the Bank's target rate.
- Sell and Rent Back -Inflation 4% Higher Than Recorded
For twelve years, the Office for National Statistics (ONS) has got the inflation numbers wrong.
- Sell and Rent Back - Benefits Errors
A government strapped for cash is looking for new ways to levy civil penalties. One of the newest is fining people for errors in their benefits claims.
- Sell and Rent Back - UK Inflation Hits Savers
Relying on your savings to supplement your income puts you at risk of greater pain from the rising rate of inflation.
- Sell and Rent Back - Mortgage Lending 9-Year Low
Figures show that 2010 saw UK mortgage lending fall to the lowest level in nine years.
- Sell and Rent Back - Mortgages on Credit Cards
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.
- Sell and Rent Back - UK Debt Increases
R3, the Association of Business Recovery Professionals, estimates that there are 961,000 UK residents struggling with debt.
- Sell and Rent Back - Higher Interest Rates
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.
- Sell and Rent Back - VAT Masks Price Increases
Survey data released by the accountancy group KPMG shows that well over half of retailers plan to use the coming VAT increase to mask additional price increases.
- Sell and Rent Back - Misleading Loan Companies
Numerous customer complaints about Yes Loans resulted in a Newsbeat special investigation and an investigation by the Office of Fair Trading (OFT).
- Sell and Rent Back - Sky High Energy Costs
Leading energy company bosses told the Parliament’s Energy Committee that they expect increases in energy bills in the coming years.
- Sell and Rent Back - Construction Industry Job Cuts
The Royal Institution of Chartered Surveyors has released its most recent construction market survey, which shows sentiment turning significantly negative in the construction industry in the UK in the third quarter of this year.
- Sell and Rent Back - Energy Cost Investigations
The watchdog group Ofgem will be investigating recent increases in energy prices, which the group says has significantly increased energy supplier profit margins from £65 to £90 per average customer in the month of September.
- Sell and Rent Back - Rail Travellers Face Increases
Rail industry figures show that travellers will see an increase in rail fares in 2011.
- Sell and Rent Back - Early Winter Energy Costs
Energy bills may become an issue for many as the UK is expected to experience an extremely early start to winter this year.
- Sell and Rent Back - Home Owner Benefit Cuts
Approximately 250,000 UK homeowners receive Support for Mortgage Interest (SMI), which is a benefit that assists people who receive other benefits, such as job seekers’ allowance or income support, in paying their mortgage interest.
- Sell and Rent Back - Interest Rate Remains Low
Promising figures from the manufacturing sector and a better-than-expected increase of 0.8% in the gross domestic product (GDP) in the third quarter are two examples of how the economy has shown some growth.
- Sell and Rent Back - Loan Repayment Trends
According to recent figures, the number of homeowners in arrears at relatively low levels (behind by 1.5% to 2.5% of the outstanding amount) increased by 100 in October, bringing the number to 83,300.
- Sell and Rent Back- More Price Increases Expected
Oil prices appear to be on the rise and have hit their highest point in six months. This comes after data from the manufacturing industries in China and the US caused a boost in confidence in regards to the global recovery.
- Sell and Rent Back - Pension Cuts
Research shows that more than 1 in 10 (16%) workers who currently have a pension report that they have recently stopped contributing to their pension at all, or reduced their contribution amounts, due to the credit crunch and tough economy.
- Sell and Rent Back Record High Borrowing
November 2009 saw a record high in the UK’s public sector net borrowing, which reached £20.3bn.
- Sell and Rent Back - More Job Losses
- Sell Rent Back - Coping with the Escalating Cost of Living
Sell, rent-back schemes offer one way of coping with the escalating cost of living
- Sell Rent Back - Now is the time to Rent
Sell rent back schemes are in vogue as the popularity of renting booms
- Sell Rent Back Schemes Rise as House Prices Slide
Rent back schemes are in the press as more people opt to rent as house prices slide.
- Sell, Rent Back – Mortgage Approval Reaches Record Low
With so many struggling financially given the credit crunch the fact that the housing market has come to a standstill can be problematic. Many homeowners will use sell, rent back schemes to overcome this problem.
- Sell, Rent Back - Numbers Looking to Move Hits New Low
The number of homeowner seeking sell, rent back schemes is set to soar after a report by the Royal Institute of Chartered Surveyors (Rics) revealed that those looking to move house is at its lowest since records began.
- Sell, Rent Back - The New Build Nightmare
New build homes and flats were once seen as an indicator of the booming housing market but now they are amongst the hardest hit. Many will use sell, rent back schemes in order to release equity in their new build homes.
- Sell Rent Back as Buyers are Lured Away
Sell, rent back schemes may be an option if your finances are trapped in a plummeting housing market.
- Sell Rent Back as Middle Class Belts are Tightened
Sell and rent back schemes aren't just being snapped up by low income families.
- Sell Rent Back Avoid Estate Agents
Sell rent back schemes are increasingly popular during the credit crunch, but there's an additional bonus to sell rent back schemes – you get to avoid estate agents!
- Sell Rent Back Move Abroad
Sell, rent back schemes are offering more Brits the chance to consider a move abroad.
- Sell Rent Back - Save the pennies
Sell, rent back and release the cash – as Britain's consumers are forced to change their spending habits, it could be one way of upholding your lifestyle.
- Sell Rent Back - Food for Thought
Sell rent back schemes are increasingly popular as the cost of living escalates.
- Sell, Rent Back – 1 in 3 OAPs Burdened by Mortgage
The extent of the monetary problems is now so large that one in three OAPs will still be paying their mortgage after they retire. As such, many will aim to use sell, rent back schemes in order to release the equity from their home and enjoy their retirement.
- Sell, Rent Back – Banking Chaos Set to Increase Mortgage Costs
Just when homeowners hoped that there was light at the end of the housing tunnel, the collapse of numerous banks are set to compel thousands of homeowners to use sell, rent back schemes to step off the property ladder and avoid racking up massive mortgage debt.
- Sell, Rent Back Schemes – Examining the Benefits for Homeowners
In the current economic climate of record lows in the regular housing market, more and more homeowners are turning to sell, rent back schemes in order to realise the equity in their homes as quickly as possible to avoid a property languishing for months.
- Sell Rent Back – Deal with Your Debt
A sell rent back scheme offers the opportunity to deal with your debt once and for all.
- Sell Rent Back as House Prices Fall Fast
Sell rent back schemes could offer a way out for homeowners whose finances are quickly being flushed down the plughole.
- Sell Rent Back – Housing Recovery Long Way Off
Sell rent back schemes could be one way out of a housing market that's a long way off from a fast recovery.
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