Daily Finance UK http://www.dailyfinance.co.uk Daily Finance UK http://www.blogsmithmedia.com/http://www.dailyfinance.co.uk/media/feedlogo.gif Daily Finance UK http://www.dailyfinance.co.uk en-us Copyright 2010 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Record numbers seek help for debt problemshttp://www.dailyfinance.co.uk/2010/03/10/record-numbers-seek-help-for-debt-problems/http://www.dailyfinance.co.uk/2010/03/10/record-numbers-seek-help-for-debt-problems/http://www.dailyfinance.co.uk/2010/03/10/record-numbers-seek-help-for-debt-problems/#commentsFiled under:

debtThe Citizen's Advice Bureau has confirmed that it dealt with a record number of debt-related problems in 2009.

The CAB's advisors handled 2.27 million debt problems last year, accounting for 60% of the organisation's enquiries. The firm also reports that it is dealing with 9,500 new debt and benefit problems every working day.

Continue reading Record numbers seek help for debt problems

Record numbers seek help for debt problems originally appeared on Daily Finance UK on Wed, 10 Mar 2010 04:55:00 EST. Please see our terms for use of feeds.

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]]>Debt management plansdebt problemsDebtManagementPlansDebtProblemshelp for debt problemsHelpForDebtProblemsperson debt problemsPersonal debt in the UKPersonalDebtInTheUkPersonDebtProblemsMoney ExpertWed, 10 Mar 2010 04:55:00 ESTAre we likely to see the return of mortgage rationing?http://www.dailyfinance.co.uk/2010/03/09/are-we-likely-to-see-the-return-of-mortgage-rationing/http://www.dailyfinance.co.uk/2010/03/09/are-we-likely-to-see-the-return-of-mortgage-rationing/http://www.dailyfinance.co.uk/2010/03/09/are-we-likely-to-see-the-return-of-mortgage-rationing/#commentsFiled under:

mortgageThe chances are if you're an aspiring first time buyer, you've never even heard of mortgage "rationing". That's because the last decade and more have seen banks and building societies bending over backwards to lend money, rather than check whether buyers have the means of repaying the vast sums they've been borrowing.

Whilst the housing market boomed, that wasn't a problem as both banks and borrowers thought the rising cost of property would ensure no-one would lose out.

Continue reading Are we likely to see the return of mortgage rationing?

Are we likely to see the return of mortgage rationing? originally appeared on Daily Finance UK on Tue, 09 Mar 2010 04:00:00 EST. Please see our terms for use of feeds.

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]]>first time buyerFirstTimeBuyermortgage rationingMortgageRationingMoney ExpertTue, 09 Mar 2010 04:00:00 ESTFirst-time buyers should head for oldhamhttp://www.dailyfinance.co.uk/2010/03/08/first-time-buyers-should-head-for-oldham/http://www.dailyfinance.co.uk/2010/03/08/first-time-buyers-should-head-for-oldham/http://www.dailyfinance.co.uk/2010/03/08/first-time-buyers-should-head-for-oldham/#commentsFiled under: ,

house buyingA recent report suggested first-time buyers should head to Oldham if they are looking to get on the property ladder. The report found that home buyers with a 25 per cent deposit could expect to pay the lowest monthly mortgage bill in any English city coming in at just £353 a month.

Housing hunt


To buy a property with a 25 per cent deposit in Oldham requires savings of £22,754 compared against £32,362 and £25,917 in other areas such as Leeds and Liverpool. The average 25 per cent deposit is now equal to £29,901 but this figure varies considerably from town to town. A 25 per cent deposit on the average London property for example is equal to £79,892.

Continue reading First-time buyers should head for oldham

First-time buyers should head for oldham originally appeared on Daily Finance UK on Mon, 08 Mar 2010 07:00:00 EST. Please see our terms for use of feeds.

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]]>best-buy mortgage ratesBest-buyMortgageRatesFirst-time buyersFirst-timeBuyershouse buying at oldhamHouseBuyingAtOldhamMoney ExpertMon, 08 Mar 2010 07:00:00 ESTFive easy ways to earn 6%+ on your savingshttp://www.dailyfinance.co.uk/2010/03/05/five-easy-ways-to-earn-6-on-your-savings/http://www.dailyfinance.co.uk/2010/03/05/five-easy-ways-to-earn-6-on-your-savings/http://www.dailyfinance.co.uk/2010/03/05/five-easy-ways-to-earn-6-on-your-savings/#commentsFiled under: , ,

savingsThere's been plenty of talk about a rise in interest rates. But it hasn't happened so far and if most economists are right, it still won't happen for some time yet.

And that means there are plenty of savers out there who have been waiting patiently (or not) for their savings situation to improve.

Continue reading Five easy ways to earn 6%+ on your savings

Five easy ways to earn 6%+ on your savings originally appeared on Daily Finance UK on Fri, 05 Mar 2010 01:35:00 EST. Please see our terms for use of feeds.

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]]>6 on your savings6 OnYourSavingsExchange traded fundsExchangeTradedFundsIndex Tracker FundsIndexTrackerFundsinterest ratesInterestRatesrise in interestRiseInInterestMoney ExpertFri, 05 Mar 2010 01:35:00 ESTMoney tight? Don't forget to tell your bank!http://www.dailyfinance.co.uk/2010/03/04/money-tight-don-t-forget-to-tell-your-bank/http://www.dailyfinance.co.uk/2010/03/04/money-tight-don-t-forget-to-tell-your-bank/http://www.dailyfinance.co.uk/2010/03/04/money-tight-don-t-forget-to-tell-your-bank/#commentsFiled under: , ,

budgetingIf you are a regular reader of this column, you'll be getting constantly updated with the best ideas of how to make your money work harder for you. That's vital if you don't have money to waste and want to make sure you have a financially comfortable life - both now and in retirement.

But what if you don't have a mortgage, savings or any investments? What if simply surviving on your salary feels like an almost impossible task?

Continue reading Money tight? Don't forget to tell your bank!

Money tight? Don't forget to tell your bank! originally appeared on Daily Finance UK on Thu, 04 Mar 2010 01:00:00 EST. Please see our terms for use of feeds.

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]]>Money ExpertThu, 04 Mar 2010 01:00:00 ESTAre low cash ISA rates getting you down?http://www.dailyfinance.co.uk/2010/03/03/are-low-cash-isa-rates-getting-you-down/http://www.dailyfinance.co.uk/2010/03/03/are-low-cash-isa-rates-getting-you-down/http://www.dailyfinance.co.uk/2010/03/03/are-low-cash-isa-rates-getting-you-down/#commentsFiled under: ,

savingsInterest rates have been stuck at 0.5% for almost a year now, and though many mortgage holders may be celebrating, savers and investors are not, especially those with pitifully low cash ISA deals. When cash ISAs were first launched in 1999, the average rate was 5.71%, now, it is just 2.12%, and if you want instant access to your cash, the average rate is a miserable 0.76%.

So what are the options?

Continue reading Are low cash ISA rates getting you down?

Are low cash ISA rates getting you down? originally appeared on Daily Finance UK on Wed, 03 Mar 2010 04:08:00 EST. Please see our terms for use of feeds.

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]]>low cash ISA ratesLowCashIsaRatesstocks and shares ISAsStocksAndSharesIsasSwitch cash ISAsSwitchCashIsasMoney ExpertWed, 03 Mar 2010 04:08:00 ESTBack in Blackhttp://www.dailyfinance.co.uk/2010/03/03/back-in-black/http://www.dailyfinance.co.uk/2010/03/03/back-in-black/http://www.dailyfinance.co.uk/2010/03/03/back-in-black/#commentsFiled under: , , ,

debtEveryone has enjoyed having a pop at the Greek Government's spending habits but figures released earlier this week suggest the UK is actually running up debt even faster.

The Government was reported to have borrowed a whopping £4.3 billion last month - just under £100,000 every minute - making January the worst month ever recorded, in terms of debt, for the UK.

Continue reading Back in Black

Back in Black originally appeared on Daily Finance UK on Wed, 03 Mar 2010 01:53:00 EST. Please see our terms for use of feeds.

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]]>current account marketCurrentAccountMarketkeep tabs of your financesKeepTabsOfYourFinancesmanaging overdraftsManagingOverdraftstop tips for overdraftTopTipsForOverdraftMoney ExpertWed, 03 Mar 2010 01:53:00 ESTConsumers keep spending low, as anxiety over debts remainhttp://www.dailyfinance.co.uk/2010/02/19/consumers-keep-spending-low-as-anxiety-over-debts-remain/http://www.dailyfinance.co.uk/2010/02/19/consumers-keep-spending-low-as-anxiety-over-debts-remain/http://www.dailyfinance.co.uk/2010/02/19/consumers-keep-spending-low-as-anxiety-over-debts-remain/#commentsFiled under: ,

New figures released today show that consumers are reluctant to increase their grocery budgets, despite the UK officially emerging from the recession.

According to mysupermarket.co.uk, special offers made up 41% of a customer's trolley in January - the highest percentage on record - compared to 32% during the same month last year. While one in 10 shoppers admitted to having changed their preferred supermarket in favour of a rival's latest deals, cutting an average £7.10 from their bill.

Continue reading Consumers keep spending low, as anxiety over debts remain

Consumers keep spending low, as anxiety over debts remain originally appeared on Daily Finance UK on Fri, 19 Feb 2010 02:58:00 EST. Please see our terms for use of feeds.

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]]>anxiety over debts remainanxiety over personal debtAnxietyOverDebtsRemainAnxietyOverPersonalDebtConsumers keep spending lowConsumersKeepSpendingLowdebt adviceDebtAdvicenumber of savers riseNumberOfSaversRisereluctant to increase their grocery budgetsReluctantToIncreaseTheirGroceryBudgetsMoney ExpertFri, 19 Feb 2010 02:58:00 ESTTracker mortgages look like a safe bethttp://www.dailyfinance.co.uk/2010/02/17/tracker-mortgages-look-like-a-safe-bet/http://www.dailyfinance.co.uk/2010/02/17/tracker-mortgages-look-like-a-safe-bet/http://www.dailyfinance.co.uk/2010/02/17/tracker-mortgages-look-like-a-safe-bet/#commentsFiled under: ,

mortgage rateWhilst there's plenty of talk about whether the Bank of England's base interest rate will rise, there's no indication of it doing so in the near future.

The talk, of course, has led to some lenders tentatively raising their rates recently. But unless the Bank makes a rapid change of course, further rises on the High Street look unlikely.

Continue reading Tracker mortgages look like a safe bet

Tracker mortgages look like a safe bet originally appeared on Daily Finance UK on Wed, 17 Feb 2010 01:25:00 EST. Please see our terms for use of feeds.

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]]>mortgage-rateMoney ExpertWed, 17 Feb 2010 01:25:00 ESTEnd of year figures show 14-year high for repossessionshttp://www.dailyfinance.co.uk/2010/02/16/end-of-year-figures-show-14-year-high-for-repossessions/http://www.dailyfinance.co.uk/2010/02/16/end-of-year-figures-show-14-year-high-for-repossessions/http://www.dailyfinance.co.uk/2010/02/16/end-of-year-figures-show-14-year-high-for-repossessions/#commentsFiled under: ,

New figures have revealed that the number of home repossessions reached a 14-year high in 2009, as personal debt levels in the UK hit almost £1.5 trillion.

The Council of Mortgage Lenders (CML) said 46,000 homes were repossessed last year - an increase of 6,000 on 2008. The figure was, however, 2,000 less than CML's most recent forecast and almost 30,000 less than the company predicted at the end of 2008.

Continue reading End of year figures show 14-year high for repossessions

End of year figures show 14-year high for repossessions originally appeared on Daily Finance UK on Tue, 16 Feb 2010 11:00:00 EST. Please see our terms for use of feeds.

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]]>14-year high for repossessions14-yearHighForRepossessionshome repossessions higherHomeRepossessionsHigherMoney ExpertTue, 16 Feb 2010 11:00:00 ESTOverpay playhttp://www.dailyfinance.co.uk/2010/02/16/overpay-play/http://www.dailyfinance.co.uk/2010/02/16/overpay-play/http://www.dailyfinance.co.uk/2010/02/16/overpay-play/#commentsFiled under:

insurance overpaySometimes paying more than you need to makes sense. If you have a credit card, paying off more than the minimum repayment means you will clear your debt more quickly and the same is true of mortgages which many people are currently clearing at record rates while interest rates are low.

But for other financial products paying more than you need to simply means overpaying.

Continue reading Overpay play

Overpay play originally appeared on Daily Finance UK on Tue, 16 Feb 2010 01:47:00 EST. Please see our terms for use of feeds.

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]]>car-insuranceMoney ExpertTue, 16 Feb 2010 01:47:00 ESTThe road to cheaper car insurancehttp://www.dailyfinance.co.uk/2010/02/15/the-road-to-cheaper-car-insurance/http://www.dailyfinance.co.uk/2010/02/15/the-road-to-cheaper-car-insurance/http://www.dailyfinance.co.uk/2010/02/15/the-road-to-cheaper-car-insurance/#commentsFiled under:

car insuranceCar insurance premiums are gearing up to race off with higher prices on the way and this year is heading for take-off after unprecedented rises in the past 12 months.

Figures from both the AA and market research firm Consumer Intelligence record average car insurance policies as having risen by around 20% over the last year.

Continue reading The road to cheaper car insurance

The road to cheaper car insurance originally appeared on Daily Finance UK on Mon, 15 Feb 2010 01:33:00 EST. Please see our terms for use of feeds.

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]]>car-insuranceMoney ExpertMon, 15 Feb 2010 01:33:00 ESTUnwrapping the packaged accountshttp://www.dailyfinance.co.uk/2010/02/15/unwrapping-the-packaged-accounts/http://www.dailyfinance.co.uk/2010/02/15/unwrapping-the-packaged-accounts/http://www.dailyfinance.co.uk/2010/02/15/unwrapping-the-packaged-accounts/#commentsFiled under: ,

packaged accountsThey're not too keen on handing out credit cards and loans but banks have been falling over themselves recently to entice customers to sign up for current accounts.

First Direct has taken the direct route by offering a neat £100 to customers who switched to their current account - they'll even throw you another £100 if you choose to switch again in six months time.

Continue reading Unwrapping the packaged accounts

Unwrapping the packaged accounts originally appeared on Daily Finance UK on Mon, 15 Feb 2010 01:17:00 EST. Please see our terms for use of feeds.

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]]>best-sellingMoney ExpertMon, 15 Feb 2010 01:17:00 ESTNew figures reveal £3bn increase for UK personal debt in 2009http://www.dailyfinance.co.uk/2010/02/11/new-figures-reveal-3bn-increase-for-uk-personal-debt-in-2009/http://www.dailyfinance.co.uk/2010/02/11/new-figures-reveal-3bn-increase-for-uk-personal-debt-in-2009/http://www.dailyfinance.co.uk/2010/02/11/new-figures-reveal-3bn-increase-for-uk-personal-debt-in-2009/#commentsFiled under:

personal debtTotal personal debt in the UK rose by £3 billion last year, according to the latest figures from charity Credit Action.

The figure stood at £1,460 billion at the end of December 2009, with the twelve-month growth rate remaining at 0.7%. Meanwhile, consumer credit lending rose by £0.1 billion - the first increase since June 2009.

Continue reading New figures reveal £3bn increase for UK personal debt in 2009

New figures reveal £3bn increase for UK personal debt in 2009 originally appeared on Daily Finance UK on Thu, 11 Feb 2010 04:22:00 EST. Please see our terms for use of feeds.

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]]>debt-calculatorMoney ExpertThu, 11 Feb 2010 04:22:00 ESTMotor insurance premiums are rocketinghttp://www.dailyfinance.co.uk/2010/02/10/motor-insurance-premiums-are-rocketing/http://www.dailyfinance.co.uk/2010/02/10/motor-insurance-premiums-are-rocketing/http://www.dailyfinance.co.uk/2010/02/10/motor-insurance-premiums-are-rocketing/#commentsFiled under:

rocketing car insuranceIf you have recently needed to renew your car insurance the chances are you've received a big shock.

That's because new research shows average premiums have rocketed by just under 20% over the past year. That's almost seven times the current rate of inflation and the largest-ever annual increase.

Continue reading Motor insurance premiums are rocketing

Motor insurance premiums are rocketing originally appeared on Daily Finance UK on Wed, 10 Feb 2010 03:38:00 EST. Please see our terms for use of feeds.

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]]>car-insuranceMoney ExpertWed, 10 Feb 2010 03:38:00 ESTIs your credit card sufficiently rewarding?http://www.dailyfinance.co.uk/2010/02/09/is-your-credit-card-sufficiently-rewarding/http://www.dailyfinance.co.uk/2010/02/09/is-your-credit-card-sufficiently-rewarding/http://www.dailyfinance.co.uk/2010/02/09/is-your-credit-card-sufficiently-rewarding/#commentsFiled under:

credit card dealsWe all know about the perils of spending too much on credit cards and suffering exorbitant interest rates while trying to pay it all back.

But if you are financially disciplined and avoid getting bogged down in debt - or even if you need some breathing space to get on top of your debts - there are some outstanding credit card deals thanks to stiff competition for our custom between the banks.

Continue reading Is your credit card sufficiently rewarding?

Is your credit card sufficiently rewarding? originally appeared on Daily Finance UK on Tue, 09 Feb 2010 07:00:00 EST. Please see our terms for use of feeds.

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]]>0-purchasesMoney ExpertTue, 09 Feb 2010 07:00:00 ESTBeware of small loans that will cost you dearhttp://www.dailyfinance.co.uk/2010/02/09/beware-of-small-loans-that-will-cost-you-dear/http://www.dailyfinance.co.uk/2010/02/09/beware-of-small-loans-that-will-cost-you-dear/http://www.dailyfinance.co.uk/2010/02/09/beware-of-small-loans-that-will-cost-you-dear/#commentsFiled under:

short term loansCommon sense would tell you that the less you borrow, the less you have to pay.

But in the banking world, common sense doesn't always apply.

New research from MoneyExpert.com has revealed that borrowers looking for a small personal loan are likely to pay a far higher interest rate than on more substantial loans.

Continue reading Beware of small loans that will cost you dear

Beware of small loans that will cost you dear originally appeared on Daily Finance UK on Tue, 09 Feb 2010 01:33:00 EST. Please see our terms for use of feeds.

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]]>short term loansMoney ExpertTue, 09 Feb 2010 01:33:00 ESTBigger is Better in the Loans Markethttp://www.dailyfinance.co.uk/2010/02/08/bigger-is-better-in-the-loans-market/http://www.dailyfinance.co.uk/2010/02/08/bigger-is-better-in-the-loans-market/http://www.dailyfinance.co.uk/2010/02/08/bigger-is-better-in-the-loans-market/#commentsFiled under:

loans
People who say the best things come in small packages don't know much about the current unsecured loans market.

MoneyExpert analysis shows that people borrowing up to £3,000 are likely to be paying almost double the interest rate of those taking out larger loans of above £7,000.

Continue reading Bigger is Better in the Loans Market

Bigger is Better in the Loans Market originally appeared on Daily Finance UK on Mon, 08 Feb 2010 04:00:00 EST. Please see our terms for use of feeds.

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]]>consolidation loanConsolidationLoanloans marketLoansMarketunsecured loans marketUnsecuredLoansMarketMoney ExpertMon, 08 Feb 2010 04:00:00 ESTDebt problems unlikely to see immediate reprieve, despite Britain's recession exithttp://www.dailyfinance.co.uk/2010/02/08/debt-problems-unlikely-to-see-immediate-reprieve-despite-britai/http://www.dailyfinance.co.uk/2010/02/08/debt-problems-unlikely-to-see-immediate-reprieve-despite-britai/http://www.dailyfinance.co.uk/2010/02/08/debt-problems-unlikely-to-see-immediate-reprieve-despite-britai/#commentsFiled under: ,

debtPersonal debt problems will not see an immediate improvement following the UK's exit from the recession, an expert has claimed.

The Office for National Statistics has announced that the recession ended in the last three months of 2009 with a recorded growth in gross domestic product of 0.1 per cent.

Continue reading Debt problems unlikely to see immediate reprieve, despite Britain's recession exit

Debt problems unlikely to see immediate reprieve, despite Britain's recession exit originally appeared on Daily Finance UK on Mon, 08 Feb 2010 01:50:00 EST. Please see our terms for use of feeds.

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]]>Britains recession exitBritainsRecessionExitdebt management plansDebt problems unlikely to see immediate reprieveDebtManagementPlansDebtProblemsUnlikelyToSeeImmediateReprievePersonal debt levelsPersonal debt problemsPersonalDebtLevelsPersonalDebtProblemsMoney ExpertMon, 08 Feb 2010 01:50:00 ESTCashing in on the Househttp://www.dailyfinance.co.uk/2010/02/05/cashing-in-on-the-house/http://www.dailyfinance.co.uk/2010/02/05/cashing-in-on-the-house/http://www.dailyfinance.co.uk/2010/02/05/cashing-in-on-the-house/#commentsFiled under: ,

mortgageUnless you are a Euromillions lottery winner then the chances are your house or flat will be the most valuable asset you have.

Halifax reckons the average UK house is currently worth £162,085 which means that if you have paid off your mortgage that you are literally sitting in a decent-sized fortune. Halifax says the average house in 1959 was worth just £2,507 so if you've lived in the same home for 50 years then you have seen house price growth of 273% in today's money after adjusting inflation.

Continue reading Cashing in on the House

Cashing in on the House originally appeared on Daily Finance UK on Fri, 05 Feb 2010 06:07:00 EST. Please see our terms for use of feeds.

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]]>mortgage-rateMoney ExpertFri, 05 Feb 2010 06:07:00 EST