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17th of October 2010
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News Tag: change

September 30, 2010

Nationwide: house prices steady in September

by Gill Montia
Nationwide has reported a 0.1% rise in the average UK house price in September (compared to August), taking the value of the typical home to £166,757. The movement left the annual rate of gain at 3.1%, down from 3.9% in August and 6.6% in July. Meanwhile, the three-month-on-three-month rate of change, which is a more reliable indicator or near-term price trend, fell ...

July 20, 2010

Debt charity warns of impending repossessions rise

by Gill Montia
A leading debt charity has warned that repossessions could increase, despite a rallying of the UK economy. The Consumer Credit Counselling Service (CCCS) believes that a recovering housing market could make lenders less lenient and more likely to repossess. The charity is aware that a "large number" of its clients have suspended repossession orders on their homes, which lenders have chosen not ...

June 23, 2010

Budget change to Support for Mortgage Interest scheme

by Gill Montia
Yesterday's emergency Budget contained a change to the Support for Mortgage Interest (SMI) scheme, which aims to give homeowners in financial difficulties time to find new employment or recover income, without the added stress of potentially losing their homes. The scheme involves lenders reducing a borrower's monthly mortgage payments by deferring interest, which can be settled at a later date ...

January 11, 2010

New Government proposals to see flexible hours for over 65s

by Kay Murchie
New Government proposals to see flexible hours for over 65s
Minister for Women and Equality, Harriet Harman, is calling for a major shake-up in the retirement law which will see workers no longer forced to retire at 65. Miss Harman believes a radical change in the law is needed in order to smash the notion that people are 'past it' once they hit 65. The proposals will mean ...

October 28, 2009

Nationwide welcomes crackdown on credit and store cards

by Kay Murchie
Nationwide Building Society has welcomed Government proposals to crackdown on credit and store companies. Earlier this week, a set of proposals by the Government, which are being put out to consultation by the Department for Business Innovation and Skills (BIS), will see a change in the order of priority for credit card repayments, so that the most expensive debts are ...

October 26, 2009

Unemployed lone parents not receiving support, says charity

by Kay Murchie
Lone-parent campaign group Gingerbread has said new rules mean unemployed single parents are facing severe pressure to return to work by the Government. According to the charity, new regulations means almost 70,000 single parents with a child aged 10 to 16 will now receive jobseekers' allowance instead of income support. Currently, single parents aged over 18 whose youngest child is aged ...

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