July 2004 Archive
Trillion-pound debt advice offered
Following the Bank of England's announcement that UK debt has topped £1 trillion, Citizens Advice has issued guidance for concerned spenders. |
UK houses 30 per cent over-valued
Houses in the UK are currently being overvalued by 30 per cent according to the National Institute of Economic and Social Research (NIESR). |
Calls to curb "reckless lending"
The Liberal Democrat shadow chancellor has been on the offensive again, this time urging Gordon Brown to tackle reckless lending. |
New ways to save with Portman
Portman Building Society has launched two new savings accounts which it feels will help people looking to put away a few pennies. |
More than half forced to save for wedding costs
The long-term commitment of marriage no longer just extends to the vows - people now need to think about the financial side of things too. |
Alliance & Leicester launch new mortgages
Low start discounted-rates, five-year discounts and five-year fixed rates are the new watch-words at Alliance & Leicester, following the launch of its new mortgage range. |
Mortgage approvals dropping
Growth in mortgage lending seems to be slackening with the number of new loan approvals easing off in June. |
Cloud remains over pensions and ISAs
Bestinvest has attacked the government's stakeholder pension schemes and Individual Savings Accounts (ISA), feeling people are failing to save enough for retirement. |
Debt fears dismissed
The Bank of England's chief economist has dismissed speculation that UK households are sitting on a debt "time bomb" caused by a consumption binge. |
UK debt tops £1 trillion
British consumers now owe more than £1 trillion. |
Demand for new credit drops
Recent interest rate hikes may at last be taking effect as consumer spending slackens for the second month running. |
Over-mortgaging encouraged
Despite the threat of more interest rates hikes, homebuyers are being encouraged to over-mortgage by up to one in ten mortgage consultants. |
Property prices jump again
House prices rose by 2.1 per cent during July, the biggest monthly gain since February, new figures reveal. |
Tax forms face investigation
The National Audit Office (NAO) has launched an investigation into the failure by the Inland Revenue to prevent millions of taxpayers filing late or inaccurate self- assessment tax returns. |
More making mortgage payments
The number of mortgages falling into arrears for longer than six months has declined in the first half of the year, according to new data. |
Is your bag covered, ask insurers
Legal & General are warning people to make sure they are adequately insured, following research showing that handbag contents are worth around £1,000. |
Debt culture weighing on UK
People are spending their working life racking up debt when they should be paying into savings accounts and pensions, an industry expert has warned. |
Letting market picks up
In what is undoubtedly good news for buy-to-let landlords, the London lettings market recovered in the second quarter of 2004 to display its first positive annual growth since 2001. |
Tax-free savings dodge £116m bill
National Savings and Investments has applauded savers who over the last year have saved more than £100 million in tax. |
Chelsea's new mortgages promote security
The Chelsea Building Society is to introduce a new two-year fixed rate mortgage with an interest rate of 5.39 per cent. |
Savings industry "complex and opaque"
An influential committee of MPs has accused the UK savings industry of having "failed to adapt to the modern world". |
Brits leave £12bn uninsured on holiday
Holidaymakers are set to spend a staggering £104.8 billion on their holidays this year, the equivalent of around £3,317 each. |
Children confused by finances
A new study into financial literacy has proved that children, in fact, do say the funniest things. |
No pet insurance costs UK £1.1bn
The UK may be a nation of pet lovers but new research shows 72 per cent of Scottish dog and cat owners do not have insurance for their pets. |
Yorkshire's reduction of fixed mortgages rates
Yorkshire Building Society has announced it is to launch a new range of fixed rate mortgages with lower fees. |
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