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August, 2007

• House prices `suffer` in financial instability [31/08/2007]
  The average price of a house in the UK has fallen slightly due to uncertainty in the financial markets, according
• Popular buy-to-let mortgages `may decrease property prices` [31/08/2007]
  Another increase in interest rates may send prices of rental properties falling by as much as 20 per cent, one
• Homebuyers `do not rush into the market` [30/08/2007]
  A leading housing industry expert has claimed that homebuyers do not make snap decisions on which house they want to
• Consumers `should be careful` of remortgaging fees [29/08/2007]
  Homeowners who are looking at remortgaging their property should take into account all the costs involved in the process, an
• Offshore accounts "can structure" debt consolidation [28/08/2007]
  A lack of regulation in the offshore investment market could make alternative debt consolidation practices become more readily available, an
• Mortgage demand `up 12% in July` [28/08/2007]
  Gross mortgage lending figures rose by 12 per cent in July, compared with the same period last year, new statistics
• Debt "less likely" through store card credit [24/08/2007]
  Consumers are "less likely" to find themselves in debt if they use store cards over credit cards, according to the
• Record fixed-rate mortgage take-up `due to rising interest rates` [22/08/2007]
  Consumers are said to be "erring on the side of caution" when it comes to choosing mortgages, according to the
• New July high for mortgage lending [21/08/2007]
  Mortgage lending reached a record high for the month of July, according to figures released yesterday.
• Banks under fire over IVAs [21/08/2007]
  The attitude of banks to the individual voluntary arrangement (IVA) process has been attacked by leading industry figures after falling
• Borrowers have `unrealistic expectations` [20/08/2007]
  Two-thirds of borrowers have unrealistic expectations about when they will pay off their debts, a new survey has found.
• Many `don`t know how much they are in debt` [20/08/2007]
  Almost half of British people have saved up enough money to help them if they were to fall into financial
• Peer pressure purchases `can lead to debt` [17/08/2007]
  Pressure to keep up with their friends is one of the main reasons that Britons overspend, according to new research.
• North Yorkshire sees `highest bankruptcy rise` [16/08/2007]
  Of all the regions in the UK, bankruptcy increased the most in North Yorkshire during the second quarter of 2007,
• Insolvencies `peak in the new year` [15/08/2007]
  The "peak times" for insolvencies are early in the new year, around February and March, an independent financial adviser has
• First-time buyers `take on record mortgage debt` [15/08/2007]
  First-time buyers took on a record amount of mortgage debt during June, data from the Council of Mortgage Lenders (CML)
• Lenders `should allow debtors to take out IVAs` [14/08/2007]
  Banks and other lenders should be more understanding regarding their customers` proposed debt solutions, the Debt Resolution Forum (DRF) has
• Millions of Britons `take on debt for holidays` [14/08/2007]
  Some 8.3 million British holidaymakers get into debt while funding their summer holidays, according to new research.
• `Record number of debtors` declare themselves bankrupt [13/08/2007]
  The number of people who decided to declare bankruptcy hit a record high during the last 12 months, government figures
• Pensioners `owe thousands in debt` [13/08/2007]
  Millions of retired Britons owe thousands of pounds in debt, according to new figures from Scottish Widows UK.
• Lifetime balance transfer deals `could help debtors` [10/08/2007]
  Those who want to pay off their credit card debt as quickly as possible may benefit from a lifetime balance
• Young people `more open to insolvency` [09/08/2007]
  People between the ages of 18 and 34 are more likely to feel comfortable with bankruptcy or taking out an
• Consumers `should be wary of credit card debt` [09/08/2007]
  People who are offered deals on credit card deals which seem too good to be true should read the fine
• Debt consolidators `should commit to paying off capital` [09/08/2007]
  People who are taking out a debt consolidation loan should give up using their credit cards if they want to
• Overstretched families `may face repossession` [08/08/2007]
  Financially-overstretched families are at risk for their properties being repossessed by lenders, according to an expert.
• Debt consolidation `protects credit score` [08/08/2007]
  Taking out a debt consolidation loan can help consumers avoid a bad credit rating, according to an independent financial advisor.
• Some Britons `gambling with debt` [07/08/2007]
  Many of Britain`s gamblers fund their hobby through debt put on credit cards, overdrafts and personal loans, according to new
• `Nearly 14,000` Scots insolvent [06/08/2007]
  Almost 14,000 people in Scotland have been declared insolvent during the past 12 months, new figures indicate.
• Consumers "should`t be pushed to take on more debt" [03/08/2007]
  Lenders should not "incentivise" consumers to take on more debt than they can repay, an expert has claimed.
• `Sharp rise` in repossessions [03/08/2007]
  Property repossessions saw a steep increase during the second half of 2006, according to new figures.
• `More than 10,000 Britons` choose IVAs [03/08/2007]
  More than 10,000 people in the UK chose to take out an individual voluntary arrangement (IVA) during the second quarter
• Debt and stress `leading to health problems` [02/08/2007]
  A combination of high levels of debt and stress at work have been leading to an increase in mental health
• Serious debt problems `affect one in five` [02/08/2007]
  Almost one in five Britons (17 per cent) have debt problems that cause them financial difficulties, according to new research.
• First-time buyers `increase mortgage debt` [01/08/2007]
  First-time buyers are paying almost twice what they did four years ago for their mortgages, according to new figures.
• Debt warning for those without Christmas savings [01/08/2007]
  British consumers who do not save for Christmas open themselves to the possibility of amassing debt during the festive period,

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Bachelors `forced to spend more` 17/11/2008 - People who live by themselves find it more difficult to Bankruptcy `increases by 7%` 17/11/2008 - The number of consumers in England and Wales facing bankruptcy Finances `causing women sleepless nights` 14/11/2008 - Financial concerns, potentially including debt problems, are causing women sleepless Christmas spending slowdown expected 13/11/2008 - Christmas spending is expected to stagnate this year, as consumers