The UK’s Personal Debt Hotspots Revealed

London and Northern Ireland have been identified as personal debt hotspots, according to a recent study.

Those who have taken out loans or credit cards to help manage their debts are urged to checkRead More

Growing Unemployed to Claim on Mortgage Payment Insurance

The Chancellor’s Budget has outlined measures to help families meet the high cost of living, stating that the previous model was based on providing a stable base for the economy to grow.

The measures that were announced by George Osborne include funding for first time buyers to help get them onto the property ladder, a fuel duty cut and a personal income level rise.

The problem of unemployment however is expected to remain bad causing many to claim on their mortgage payment protection insurance to cover their repayments if they have lost their jobs.
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Unemployment May Highlight More Cases of Mis-Sold PPI

Latest unemployment figures paint a bleak picture for the state of the economy as 2.53 million were revealed to be out of work in the UK.

For many with financial commitments, now may be the time after being made redundant that they claim on their Payment Protection Insurance (PPI), however, cases of mis-sold PPI may leave them out of pocket and inline to claim compensation for mis sold PPI.

The figures released by the Office for National StatisticsRead More

Mortgage Lending Falls Following Spending Cuts

Latest figures show mortgage lending was down to lower than expected levels in January, indicating the cautious nature of potential home owners.

While December and January are expected to show a decrease in lending to potential house buyers, the beginning of 2011 showed lending was down by 26 percent, Council of Mortgage Lenders (CML) research shows.

The experts suggest this is due to the Government’s spending cuts which are causing less peopleRead More