« Back to articles
This article is for information only. It does not constitute advice. Chase Saunders Ltd does not provide services for savings, investments, mortgages or insurance. You should seek advice on these areas from a qualified financial advisor.

Worried Brits fix repayments

Article Category: Debt Management Help and Advice

Homeowners worried about the state of the economy and the future of the housing market are fixing their repayments.

According to MoneyExpert.com, a personal finance website, fixed-rate mortgages are getting longer as demand for deals upwards of ten years grows.

Many homeowners are struggling to make ends meet as mortgage costs and household bills rise.

"Even though there is now more choice for homeowners, that choice also comes at a higher cost," said Sean Gardner of MoneyExpert.com.

"Average rates on long term deals are up, meaning the consequences of making such a big decision are even more severe.

"If interest rates start to spiral, you’ll be laughing. But if they continue to drop then you could have saved money sticking to shorter term arrangements," he added.

The economic slowdown and the rising cost of living are combing to put growing pressure on households.

Debt management experts are expecting an upturn in business this year as conditions worsen.


For more information about debt management call our advisors on 08000 122 118 for FREE, no obligation help and advice.


Created on 13/06/2008 10:16:20
Arrange A Call Back
Title
Surname
First Name
Contact Number
Debt Level
No. Of Creditors
Please agree to our Privacy Policy

Debt News

Lower mortgage rates 'help debt consolidation for Brits'

11 March 2010

Mortgage borrowers could now have the perfect opportunity to improve their debt management.

Monthly charges 'could help improve debt management'

10 March 2010

People could have a better understanding of their debt management through a clearer fees structure for their current accounts.

Debt management 'far from the minds of FTBs'

09 March 2010

Debt management is not the highest priority for FTBs across the UK at present.

Savers 'not making the most of Isa investments'

08 March 2010

Brits should make the most of Isa savings to improve their debt management.

Attitudes to credit cards 'need to change'

05 March 2010

Consumer attitudes to credit cards and debt management need to change, it has been stated.

Imperative 'for rates to remain low'

04 March 2010

It is vital the Bank of England does not move to increase rates too soon for the sake of the debt management of millions of Brits.

Recession 'has created a financially excluded generation'

04 March 2010

Many people are struggling with debt management as a result of the economic downturn.

Low earners 'much more vulnerable'

03 March 2010

Low earners could be having a more difficult time with debt management as a result of the recession.

Identity fraud 'causing headaches for debt management'

02 March 2010

Many Brits are finding debt management to be a struggle as a result of identity fraud.

First-time buyers 'gaining access to greater LTV mortgages'

01 March 2010

UK first-time buyers are being granted greater access to higher LTV loans, a situation that could be a slippery slope to debt management difficulties.

Debt News Archive

Latest News

Get the latest financial news/ tips here

Also Try:

Pages similar to this one:

Forum News

Join our online debt forum

Forum Coming Soon