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Financial education charity, the ifs School of Finance, is continuing to lobby the government over its hopes to introduce exam-grade education on personal finance to the national curriculum.
“There are lots of other different financial education programmes being offered in schools, workplaces and online but, as FSA research highlighted last month, there is little or no […]

The citizens advice is warning that UK homeowners are “doomed to fail from the start” if they are sub-prime mortgage borrowers – i.e. those with a history of bad debt, repayments or a troubled financial past.
There are a variety of factors that, when combined, are making it more and more difficult for sub-prime borrowers in […]

1.4m borrowers are going to come off cheap two year fixed rate deals in the coming few months. If you were to believe everything you read these days then you couldn’t be blamed for thinking things are going to get a lot worse in 2008.
While this picture is partially true it only paints a half […]

Many lenders are now warning homeowners that in the wake of the credit crunch home loan costs are going to be much higher as lenders pass on the much higher cost of borrowing. Homeowners who have poor credit histories could find that the cost of mortgages for them could go up by even more.
Whilst there […]

Economists are doubtful that the Bank of England will cut the base rate in July after leaving it standing at 5% when the committee met earlier this month.
Reuters news agency took a poll of what economists were predicting would happen with interest rates and the majority are expecting rates to be held following the next […]

If you are having trouble meeting your monthly loan repayments and you are looking to switch lenders then there are a few tips you should follow in order to avoid being caught out.
First of all there are some lenders you should be very wary of. For instance some lenders give loans to anyone, regardless of […]

Banks are desperately trying to weed out bad debts and as a result some borrowers are facing the prospect of having to repay their debts early and suffer pre-emptive cuts in their borrowing.
It has become increasingly apparent in recent months that banks have become extremely wary of bad debt and in response to this fear, […]

The past few months have seen considerable cooling off of the UK housing market. Estate agents across the UK have been reporting that house prices have been falling while mortgage lender snapshots of the property market have shown another decrease in house prices over the last month.
While five consecutive interest rate rises by the Bank […]

New research released recently shows that the gap between how much people are earning and the cost of buying a new home is becoming increasingly wide, with the average home now costing more than five times that of the average first time buyer’s income.
The study released by the University of York has shown how the […]

As the credit crunch currently wreaks havoc on the financial markets for years of heavy lending it is widely expected that years of heavy borrowing by individuals will also come back around to cause pain.
The credit crunch has so far wiped millions off the value of some the world’s largest companies and the effects are […]