finances

finances

Want a mortgage? Don’t eat steak!

12 May, 20140 Comments
It emerged last night that mortgage applicants are being asked ‘Spanish inquisition’ style questions, including whether they play golf or eat steak. Some interviews have lasted up to 3 hours where applicants have been quizzed over the price of haircuts, their plans for more children and even their hopes of a pay rise. These questions
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Lifestyle quiz to secure a mortgage comes into force today

26 April, 20140 Comments
From today, new rules come into force that mean borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment. According the the Financial Conduct Authority (FCA) the Mortgage Market Review (MMR) will ‘put common sense at the heart of the mortgage market and prevent borrowers ending up with a
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Government says benefit claimants more responsible than workers

31 March, 20140 Comments
The majority of the Mortgage Market Review changes will come into effect on 26th April 2014, where new rules will mean that borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment. Please read : Mortgage Market Review explained by the FCA. Please read : How will the Mortgage
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Be a premier performer at tackling debt

21 October, 20130 Comments
Millions of people all over the world understand the burden of overwhelming debt. From having trouble paying off credit card debt or take out personal loans to help with everyday finances such as something as simple as paying rent, everyone has felt the effects of a global financial crisis and slow economic recovery. As a
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January 2013 | More families opt to rent

28 January, 20130 Comments
A report has revealed that an increasing number of families are opting to reside in private rented accommodation in January 2013. According to the latest Aviva Family Finances Report 25% of families are residing in private rented accommodation, compared with 19% in November 2011. The biggest rise has been among younger couples who plan to
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Universal Credit will fail to encourage full-time work?

30 October, 20120 Comments
A new report by the Joseph Rowntree Foundation today suggests Universal Credit (UC) could see people worse off in work and struggling to manage their finances, with many left to deal with a more complex benefits system than before. Key points found by the report include: Switching to monthly single payments to households is a
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