- Saturday, February 6, 2010, 18:29
- Debt Management, Featured
The latest figures from the Insolvency Service have revealed that there were 35,574
individual insolvencies in England and Wales in the fourth quarter of 2009. This was an increase of 24.9% on the same period a year ago.
This was made up of 17,007 bankruptcies (which were down 5.5% on the corresponding quarter of the ...
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- Thursday, February 4, 2010, 14:40
- Featured, Mortgages
Both residential and buy-to-let borrowers are more inclined to take a
tracker rate mortgage, according to Legal & General's latest quarterly ‘Mortgage Purchase Index'.
The Index analyses trends from thousands of
mortgage applications made through its 'Mortgage Club'. For Q4 2009, the data reveals a big shift towards tracker rate mortgages. In ...
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- Thursday, February 4, 2010, 14:34
- Energy, Household Finances
Residential energy supplier British Gas has today cut its standard gas prices by an average 7%.
The price cut, which is claims will benefit 8 million households, takes effect immediately and makes British Gas currently, on average, the cheapest supplier of standard gas and electricity right across Britain. The change will save the average gas customer ...
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- Thursday, February 4, 2010, 14:25
- Mortgages, Oddly Enough
The National Landlords Association (NLA) has warned that landlords' properties are being targeted by criminal gangs as a cover for illegal activity.
According to the representative body for private-residential landlords in the UK, privately-rented homes across the UK are being used as a smokescreen to grow cannabis in homemade ‘factories', and produce the harmful drug crystal ...
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- Thursday, February 4, 2010, 13:53
- Household Finances, Interest Rates
The OFT has today launched a market study to examine when, how and why contracts may cause difficulties for consumers.
The OFT intends to look at how well consumers understand typical contracts and how this varies when contracts are, for example, presented online, over the phone, or during a face-to-face sales pitch.
The OFT will also look ...
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- Thursday, February 4, 2010, 13:50
- Personal Finance
Figures released by broker AA Insurance suggest that the number of
insurance claims for pothole-related damage to cars has risen sharply.
Simon Douglas, director of AA Insurance said:
"We're seeing a four-fold increase in the number of claims for pothole damage compared with the same period last year. But with loss of no-claim bonus and ...
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The Bank of England has maintained the
base rate of interest at 0.5% and has made no changes to the size of the Asset Purchase Programme (the stock of asset purchases financed by the issuance of central bank reserves) at £200 billion
In a statement, the Bank of England said:
"CPI inflation has risen ...
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