09/14/2017 - 17:15

In all probability, the way interest is charged on student loans will be changed.

09/08/2017 - 13:11

While lending requirements are becoming much stricter and consumers are finding it increasingly more difficult to get the loan according to their needs, the number of fraudulent loan applications has risen by about 2% in the first half of 2010.

09/07/2017 - 17:45

The house building market experienced a steep decline in activity in September, as reported by the Purchasing Managers’ Index (PMI).


09/06/2017 - 11:29

Demand for rental property in the UK is reaching the peak now, with many people being forced to  put off their plans to step onto the property ladder because of a lack of loan deals on offer and deposit requirements.

09/05/2017 - 12:04

House prices dropped 3.6 per cent last month as reported by the Halifax, which is the unprecedented decline since the bank started to keep records in 1983.

08/31/2017 - 17:01

It appears that an increasing number of people would tell their children that it’s more reasonable to invest their money into property than in a pension.

08/30/2017 - 16:57

Before the banking crisis, Paragon Mortgages use to be one of the biggest lenders offering buy to let loans in the UK. However, this provider ceased to offer new loans in 2008 because of insufficient funding, and started to focus on managing its existing loan book.

08/29/2017 - 14:18

A huge number of borrowers in the UK find it hard to repay their personal debts, which has brought about the emergence of debt management companies.

08/28/2017 - 12:07

The Bank of England has announced that demand for property purchase mortgages has seen a slight drop in the three months to the beginning of September.

08/25/2017 - 14:24

A new scheme designed for people with a bad credit profile or people with an insufficient income has been launched by the coalition Government in collaboration with the Royal Bank of Scotland.

08/23/2017 - 16:01

According to the latest survey, 25 per cent of consumers say they could’t imagine their life without their overdraft and 20 per cent of consumers say that they are constantly in debt.

08/22/2017 - 12:18

A recent study carried out by Hiscox has shown that many British students are going to be self-employed after the graduation in order to avoid debt problems.

08/21/2017 - 17:19

Michael Coogan, of the Council of Mortgage Lenders (CML), has announced that the Financial Services Authority's (FSA) Mortgage Market Review has numerous flaws and, therefore, needs to be re-evaluated, otherwise it the whole mortgage market could suffer the consequences for years to come. He claims that the risk of negative lending in the next year as a result of funding problems is very high.

08/18/2017 - 13:49

Despite the improving availability of mortgages on the UK housing market, no increase in consumer confidence has been observed so far. 

08/17/2017 - 11:10

It turns out that 92 per cent of British consumers who are going to obtain a mortgage in 2011 don't know the difference between the types of mortgages available on the market.

08/15/2017 - 12:03

More British people than ever have aspirations to have their own property.

08/14/2017 - 15:26

18 million British consumers are planning to make home improvements within then period of the next 12 months.

08/11/2017 - 11:43

According to the projection by Lovemoney.com, an increasing number of UK citizens will be resorting to debt relief advice in 2010.

08/10/2017 - 16:38

Nationwide Building Society has informed that its customers can make advantage of cheaper personal loans.

08/09/2017 - 12:46

The Government has an intention to stop consumers from gathering more credit card debt by forbidding credit card institutions to stretch credit card limits, and by prohibiting unrequested credit card cheques.


The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.