Amber speaks to customers and decides whether or not she believes that they have a PPI complaint to process. She will talk them through the process and explain all areas involved, as well as answer any questions that the individual may have. Packs will be sent out for them to fill in and return. Amber …
Household debt in the UK has risen to a record £1.5 trillion – that is £1,500,000,000,000 – and it’s still rising. The rate of growth is faster than at any time since the financial crisis of 2008, rising by £52 billion since September 2015 with the average adult owing £30,000.
A new ruling by the UK financial regulator means hundreds of thousands of people in arrears with their mortgage may be owed compensation from their lender. The Financial Conduct Authority (FCA) conducted a review of the mortgage market and found some lenders have been automatically including mortgage arrears when recalculating regular monthly payments.
Britain’s credit card debt rose by £500 million last month – the fastest growth since the financial crash of 2008. Latest figures released by the Bank Of England show our national credit card debt now stands at £66 billion – the equivalent of £2,400 per household.
As personal debt in the UK rises to a record £1.5 trillion, experts are asking if Britain is on a debt binge. The debt mountain has risen by £50 billion in the last year, according to figures from The Money Charity.
Latest figures show we British owe more personal debt than ever before – but have you ever wondered what happens to that debt when you die? Does it die with you or is left behind for your loved ones to deal with as best they can?
Latest Bank Of England figures show that mortgage acceptance levels dropped to their lowest level for 18 months following the Brexit vote in June. The Bank says approvals are now at their lowest level since November 2014, down 16% year on year.
A major part of Help To Buy – the government’s flagship housing policy – is to be dropped says Chancellor Philip Hammond. In a letter to the Bank Of England he has confirmed the mortgage guarantee scheme will not extend past the end of the year.
Mortgage approvals are down 21% in the year to August while consumer credit has risen by 6.4% in the same timeframe. New figures from the British Bankers’ Association (BBA) show that 36,997 home loans were approved in August – more than a fifth down on the same month last year and the lowest monthly total …
The Bank Of England has issued a stark warning to the government that thousands of households with high debts could be ‘plunged into crisis’ in the event of a post Brexit economic slowdown. News reports claim the banks Financial Policy Committee has issued an analysis which says any drop in growth could see indebted families …