Phil Benson's Articles in Debt & Mortgage - Right Article

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Phil Benson's Articles in Debt & Mortgage

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Lenders Defy Government Attempts To Ease Mortgage Market Pressures Government efforts to ease the financial strain on the mortgage market were ignored by building society Nationwide, as they announced plans severely tighten its lending criteria for new customers. Declining Housing Market Set To Affect Mortgages Lenders A dwindling house market in the UK could stretch the financial situation for some mortgage lenders according to credit ratings agency, Fitch. Debt Problems Set To Double In 2008 As Loan Repayments Become Harder To Manage An estimated one million people in the UK have ‘problem’ unsecured debts according to a report entitled UK Debt Problems – consumer crisis or efficient market? Published by debt management solutions firm, TDX Group, the findings showed that these arrears totalled up to £25 billion, which equates to an average of £25,000 for each of these identified borrowers.

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