Jul 30
A decline in housing prices and home loans has improved the outlook of the housing market and fears of a new housing slump, according to new figures.
The figures from Nationwide show a reduction of 0.5% in the prices of houses in the UK during July, after the preceding months saw a slow decline in home prices, before remaining stable in June.
The average house price is only 6.6% higher than one year ago, a decline from 8.7% in June, and costs an average of £169,347 according to Nationwide’s figures.
Nationwide’s research is supported by other figures from within the housing industry including the first successive fall month-by-month according to Halifax’s Price Index, while the Royal Institution of Chartered Surveyors has reported the lowest buyer demand for homes in two years.
The slowdown in mortgage lending and the prices of homes has been attributed to reduced consumer demand for homes, as well as an increased supply in homes up for sale.
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Jul 26
As compared to other people, students are much better positioned in finding a loan despite carrying a bad credit tag. This is because; there are many options for student to explore while searching for bad credit loans. But the borrower must take into his or her circumstances in mind before applying for these loans. First, the students should explore the possibilities of getting these loans from the Federal government. The Federal Stafford loans do not take into account a history of late payments, arrears or defaults of the student in approving the loan. But these loans are made available to only those students who are in a financially weak condition. Read more…
Jul 25
New figures have shown that the number of insolvencies amongst women in the UK has soared in the past ten years, with credit cards being the main cause of debt problems.
The research by the Insolvency Service revealed that 40% of all bankruptcies are attributed to women, with 29,680 cases in 2009. This is a huge jump from the year 2000 when there were only 6,042 female bankruptcy cases.
According to the research younger women find it harder to manage their finances, with the majority of bankruptcy cases occurring in the 25-44 age group.
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Jul 22
Business needs apt cash flow to run properly. People look for business loans when they lack enough finances to support this cash flow. They prefer banks and financial institutions to apply for the loan. But repaying these loans becomes a trouble for them as the interest rate makes their repayment unaffordable ultimately results in loss of reputation as well as affects your credit status. On the other hand, if you go for private lenders available in the loan market, you will surely be able to get a good loan deal for your business in form of low rate business loan.
A low rate business loan is the loan with lower and affordable interest rates.
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Jul 22
A new study has revealed that debt problems are having a ‘severe impact’ on people’s lives and can affect their health, job performance and relationships.
The survey, which was carried out by the Consumer Credit Counselling Service (CCCS), found that 83% of people who had sought out financial assistance said that their debt problems had has a negative impact on many aspects of their lives.
Relationships were the most affected area with more than one third saying that their relationship with their partner had been affected by debt worries, while a further 22% said that their financial problems had affected relationships with their children.
According to the research only 34% of people surveyed said that they had revealed the extent of their debt problems to their partner. 20% o
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