Woolwich predicts sellers’ market
May 11, 2007 | Leave a Comment
Wise home sellers have managed to save on the cost of moving home in spite of an 11.1 per cent increase in property prices over the last year. The findings come from the Cost of Moving Survey from the Woolwich. Andy Gray, head of mortgages for the Woolwich, says that sellers are in a strong position, which they are using to cut the cost of moving. He says: ‘The market definitely favours sellers at the moment and the lack of property on the market is helping them negotiate deals with estate agents, and to a lesser degree solicitors, as agents are desperately trying to find enough good quality property to satisfy the increasing demand. As a result the cost of moving for sellers has decreased by approximately 10 per cent since last year - it now costs on average £4,666 to sell a home compared to £5,181 last year.’
Post Office welcomes PPI research
May 10, 2007 | Leave a Comment
The Post Office has welcomed the research by Which? Magazine which has highlighted the use of underhand sales tactics to automatically add payment protection insurance (PPI) to a loan), even though it is not compulsory. Head of communications Claire Oldstein said: ‘Many customers have little understanding of PPI and some do not even realise they have this insurance in force. Others, who have been at the hands of aggressive sales tactics, can feel they have no choice but to take the expensive policy tied to a loan or credit card if they want their application to be accepted.’
How to make the best use of a bad credit loan
May 9, 2007 | Leave a Comment
The number of people taking out bad credit or debt consolidation loans has increased, however it is generally believed that people are making mistakes with them.
Midlanders most comfortable with debt
May 9, 2007 | Leave a Comment
The latest Personal Credit Index survey from Experian’s Credit Expert service shows that people in the Midlands have seen a big rise in credit confidence. While levels of confidence were low in September 2006 at 92, the last two quarters have seen a rise to 109.
Consumers get comfy with debt
May 8, 2007 | Leave a Comment
Consumers are becoming more comfortable with high levels of debt. That’s according to the Personal Credit Index survey from Experian’s Credit Expert service. Some six million Brits would not worry about their debts, excluding their mortgage, unless they exceeded £15,000. Included in this figure are 1.4 million people (5 per cent) who would only worry if their debts were more than £50,000.