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Unsecured consumer credit grows at fastest rate in more than 11 years

05 January, 20170 Comments
As the UK credit binge approaches levels unseen since the 2008 financial crash, this should set alarm bells ringing for residential landlords to get their affairs in order and safeguard their rental income as soon as possible. The latest figures from the Bank of England show unsecured consumer credit, which includes credit cards, car loans and second
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Brits should get scores in shape now to avoid Christmas credit hangover

16 December, 20160 Comments
One in five (21%) British households are already worrying about festive expenses and nearly a quarter (24%) say they will take out a new financial product – such as a credit card – to help manage the cost of Christmas.  But while 70% will visit a price comparison site before applying for a new card,
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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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Due Diligence for Live in Landlords, including the Immigration Bill.

18 April, 20140 Comments
The biggest worry facing a live in landlord is the kind of person their lodger might be (aside from whether they’re simply compatible) – are they a criminal, likely to be violent or damage your home?  Will they pay the rent on time?  Will they respect you and your home? It’s a staggering fact that
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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 open about your financial past before embarking on home ownership ” urge Equifax

04 February, 20140 Comments
Leading online credit information provider, Equifax, is urging couples looking to purchase their first home together to reveal any financial commitments they may have kept hidden from each other, before entering a new shared financial agreement such as a mortgage to buy a property. The warning comes as tougher affordability rules are set to be
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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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