Are house prices moderating?

New figures from Nationwide show house prices continuing to rise, but is the rate of increase starting to moderate? Prices rose by 0.7% in May compared with a 1.2% rise in April, but the annual rise is still edging higher – up to 11.1% from 10.9%.

Tax expensive homes more says European Commission

The European Commission has urged Britain to raise taxes on more expensive homes, build more houses overall and adjust the terms of the Help To Buy scheme. The suggestions come in a far reaching report into the economic recovery across Europe which was described as ‘fragile’ by Commission president Jose Manuel Barroso.

Loan adverts – 1 in 5 break FCA rules

One in five adverts from loan and credit companies are breaking advertising rules say the Financial Conduct Authority (FCA). The regulator examined more than 550 adverts during an investigation to see if they met the criteria of being ‘fair, clean and not misleading.’

One in ten British adults is now a millionaire

One in ten British adults now own assets – property, pensions, savings and physical objects – which added together make them a millionaire. Figures from the Office for National Statistics (ONS) also show that 20% of people with at least one university degree – more than two million people – become millionaires.

Millions in debt to energy firms as bills rocket and complaints triple

Millions of consumers are in debt to energy firms as the price of gas and electricity rockets, according to new research by price comparison site uSwitch. Research on their website showed 299 out of 2,000 customers owed money to their supplier and applying those results nationally suggests that 3.6 million of us are in the …

Debt worries linked to mental health problems

Debt worries have been linked to mental health problems in new research. A survey linked to Mental Health Week found that 76% of people worry about their debts at least some of the time, but 15% worry about them all the time.

Mortgage holders with repayment problems in ‘debt denial’

There are rising numbers of mortgage holders finding themselves with repayment problems but are in debt denial and failing to seek help for their problem. The Financial Ombudsman Service (FOS) says it has received a record number of complaints about mortgages in the last 12 months, despite the fact that the number of repossessions is …