Home > News > Debt advice

Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive` School focuses on "curing Ireland`s debt disease" Debt: lending to fall this year Debt consolidation - time to check Offset mortgages could give more protection against debt than ISAs Growth of debt slows down in March Fifth of Brits admit their debt worries them Mortgage approvals rise; unsecured debt falls

Lenders `told to deliver contradictory objectives`

31/12/2008

Over recent weeks, banks and building societies have been under pressure to deliver contradictory policy objectives, it has been suggested.

According to the Council of Mortgage Lenders (CML), such organisations have been expected to pass on to consumers the recent interest rate cuts while also competing for deposits from savers.

Meanwhile, lenders have also been under pressure to uphold more risk-averse standards while at the same time offering greater forbearance to borrowers experiencing financial difficulties.

The CML also mentions that banks have been expected to pay fees for the government`s credit guarantee scheme and the Bank of England`s special liquidity scheme, while also servicing the government`s preference share capital at 12 per cent.

Recently, the Government revealed details of the Mortgage Support Scheme, under which people who fulfil certain criteria - such as having savings of less than £16,000 - and who are struggling to meet home loan repayments will be offered help.

Over 50s can`t afford to enjoy retirement because of debts 01/07/2010 - According to a study by Saga Equity Release, 17% of Budget: tackling the nation`s debt 22/06/2010 - Today, we can expect the details of the `toughest package Short-term debt: `no need for price control` 18/06/2010 - The Office of Fair Trading (OFT) has decided not to The cost of clearing debt 10/06/2010 - Figuring out the cost of clearing debt can be tricky,