Steve Smith
Steve Smith writes for 1 Stop Finance Shop, where our visitors have access to all types of finance from payday loans and unsecured tenant loans, to self employed loans for homeowners. http://www.1stopfinanceshopuk.biz
Articles by this Author
Property is becoming increasingly unaffordable for prospective first-time buyers in rural areas, it has been indicated.
According to figures released by the Commission for Rural Communities for the National Housing Federation (NHF), the average price for a home in the country stood at some 240,222 pounds during 2006. Meanwhile, the typical cost of property in an urban area was 196,700.
According to figures released by the Commission for Rural Communities for the National Housing Federation (NHF), the average price for a home in the country stood at some 240,222 pounds during 2006. Meanwhile, the typical cost of property in an urban area was 196,700.
Property prices "stalled" over the course of this month, new statistics reveal.
In research carried out by Nationwide, house prices increased by 0.1 per cent during July - the lowest rate of growth recorded since April 2006. Following three previous months witnessing double-digit increases, the latest figures were said to bring the annual rate of property inflation down to 9.
In research carried out by Nationwide, house prices increased by 0.1 per cent during July - the lowest rate of growth recorded since April 2006. Following three previous months witnessing double-digit increases, the latest figures were said to bring the annual rate of property inflation down to 9.
An increasing number of graduates are unable to afford to take the first steps on the property ladder, new figures report.
In research carried out by Scottish Widows, some 56 per cent of those who have finished higher education are yet to buy their first property - an increase of three per cent from the same study carried out last year. Meanwhile, an estimated one in four people who graduated ten years ago are reported to not be on the housing ladder.
In research carried out by Scottish Widows, some 56 per cent of those who have finished higher education are yet to buy their first property - an increase of three per cent from the same study carried out last year. Meanwhile, an estimated one in four people who graduated ten years ago are reported to not be on the housing ladder.
Millions of Britons are incurring debt problems as a result of going on holiday, new figures reveal.
According to MoneyExpert, 1.4 million consumers are still paying back money owed from going away last summer. Despite 3.8 months reported to be the average amount of time it takes for Britons to complete repayments on borrowing to fund their holiday, some 926,000 of those surveyed claimed that it took them at least a year to clear off their debts.
According to MoneyExpert, 1.4 million consumers are still paying back money owed from going away last summer. Despite 3.8 months reported to be the average amount of time it takes for Britons to complete repayments on borrowing to fund their holiday, some 926,000 of those surveyed claimed that it took them at least a year to clear off their debts.
Views on Britain's financial outlook remained steady over the course of last month, according to new figures.
In Nationwide's latest Consumer Confidence Index, the public's optimism during July rose by one point from the same month last year to 96. The news comes despite concerns that recent flooding and attempted terror attacks in London and Glasgow, in addition to an interest rate increase by the Bank of England's monetary policy committee (MPC), would have a negative effect on consumer outlook.
In Nationwide's latest Consumer Confidence Index, the public's optimism during July rose by one point from the same month last year to 96. The news comes despite concerns that recent flooding and attempted terror attacks in London and Glasgow, in addition to an interest rate increase by the Bank of England's monetary policy committee (MPC), would have a negative effect on consumer outlook.
House prices are predicted to fall next month as the impact of the Bank of England's series of interest rate rises begins to be felt.
According to Your Move, the effect of five hikes by the Bank's monetary policy committee (MPC) during the past year will see property values decrease in August. The estate agent network predicted that house exchange prices over the course of July will increase by 0.
According to Your Move, the effect of five hikes by the Bank's monetary policy committee (MPC) during the past year will see property values decrease in August. The estate agent network predicted that house exchange prices over the course of July will increase by 0.
The Bank of England has voted to maintain interest rates for this month.
Under the move, the Bank's monetary policy committee (MPC) has decided to keep the base rate at 5.75 per cent. Although the news is likely to be welcomed by those homeowners with variable-rate mortgages as their mortgage repayments will stay consistent over the remainder of August, a number of industry experts have warned that consumers could face increased pressures on their finances over coming months as the MPC may increase the base rate again before the end of this year.
Under the move, the Bank's monetary policy committee (MPC) has decided to keep the base rate at 5.75 per cent. Although the news is likely to be welcomed by those homeowners with variable-rate mortgages as their mortgage repayments will stay consistent over the remainder of August, a number of industry experts have warned that consumers could face increased pressures on their finances over coming months as the MPC may increase the base rate again before the end of this year.
The publication of a new set of figures has uncovered an increase in the number of Britons becoming insolvent.
Figures from the Insolvency Service have indicated that some 26,956 individuals developed unmanageable debt difficulties during the second quarter of 2007. Although the latest data revealed an 8.1 per cent fall from the first three-month period of this year, insolvencies were show to have risen by 4.
Figures from the Insolvency Service have indicated that some 26,956 individuals developed unmanageable debt difficulties during the second quarter of 2007. Although the latest data revealed an 8.1 per cent fall from the first three-month period of this year, insolvencies were show to have risen by 4.
he average British house price is to increase by 40 per cent over the next five years, according to a new set of figures.
In research carried out by the National Housing Federation (NHF), the typical home is set to cost 302,400 pounds by 2012. Meanwhile, property prices in London are reported to almost reach the half a million pound barrier (478,300 pounds) in the year the city hosts the Olympic Games, up from current prices of 318,864 pounds, which could well place further financial pressure on residents living in the capital.
In research carried out by the National Housing Federation (NHF), the typical home is set to cost 302,400 pounds by 2012. Meanwhile, property prices in London are reported to almost reach the half a million pound barrier (478,300 pounds) in the year the city hosts the Olympic Games, up from current prices of 318,864 pounds, which could well place further financial pressure on residents living in the capital.
Millions of Britons are borrowing money to go gambling, new figures indicate.
In research carried out by MoneyExpert, some 21 per cent of the money put on various bets and wagers across the country every month is sourced by going into debt or dipping into savings accounts. Overall, 14.3 million adults - about one in three - claim to gamble at least once every month, with an average stake of 21 pounds 37p.
In research carried out by MoneyExpert, some 21 per cent of the money put on various bets and wagers across the country every month is sourced by going into debt or dipping into savings accounts. Overall, 14.3 million adults - about one in three - claim to gamble at least once every month, with an average stake of 21 pounds 37p.