High house prices and mounting debt have left more than half of all graduates struggling to get a foot on the property ladder
Tag: Debt
Motley Fool: Make Your Child Wealthy
My daughter turned three this week, so I’ve been giving some thought to her future needs and finances, as well of those of her big brother.
MoneyExpert: ‘Most’ Young People Fear A Debt-ridden Future
While most of those over the age of 55 feel relatively financially secure, many of their younger counterparts fear for their financial future, according to a recent survey by Scottish Widows.
This Is Money: Borrowers Piling Up Debts They Can’t Repay
Almost two-thirds of lenders, from banks to building societies, say bad debts are at their highest since the recession of the early 1990s
Motley Fool: Charging Orders
We’re probably all familiar with the line “Your home may be at risk if you do not keep up with the repayments” which applies to debts secured against your home. A mortgage is just one example of a secured debt — it prevents you from selling your home without paying back what is owed and the lender can force the sale of your property if you fall behind with repayments. It’s why The Motley Fool favours unsecured loans because then you’re not risking losing the roof over your head.
MoneyExpert: UK Consumer Credit Dips, As Mortgages Rise
UK consumer credit rose less than predicted in August, with an increase of £755 million against a forecast £900 million, down from the previous month’s £1.1 billion rise.
MoneyExpert: Young Londoners Feel Mortgages Are Far Off
Over a third of young people in London do not expect to be able to leave home until they are over 25, new research from Engage Mutual Assurance reveals.
Scotsman: Doomed? Well, It May Not Be As Bad As That
TO STEAL a phrase from Dad’s Army, we’re all doomed… well, given some of the figures released on debt this week you might be starting to think so.
Motley Fool: Get Out Of Debt Podcasts
In our regular Money Talk podcasts, David Kuo and his guests discuss a wide variety of financial topics. Below we’ve listed the best debt-related podcasts we’ve done in recent months. Click on the “Streaming version” links to listen to each podcast or right click on “Download” and use Save Target As to download a file for later use.
MoneyExpert: Most Buyers £6,000 In Debt Before Home Purchase
Home deposit savers are neglecting their debts before making their first home purchase, according to an Alliance & Leicester report.