Some students would find themselves with debts of £50,000 which they could be paying off into their 50s.
Middle-income families would be worst hit, as they would just miss out on financial support from bursaries, grants or means-tested loans. The costings, prepared by university chiefs, will be hugely influential as the Government prepares to review […]
The average cost of a home in the UK rose by 0.2% during the month to stand at £195,724, according to the Department of Communities and Local Government.
But properties lost a record 11.5% of their value during the year to the end of January - the 15th month in a row that the annual […]
The two major markets, stock market and the property market have tumbled tremendously as a result of the financial crisis. Bank has adopted strict policies that have tightened the outgoing loans and it has aggravated the whole economy with its credit crunch. Most of the people’s 401K accounts have started shrinking and they are getting […]
Their combined current value is now only £49,000 and decreasing.
Should we pull out what is left and reinvest elsewhere or sit it out until the five-year term is up? M.B., Folkstone, Kent
Danny Cox, head of financial planning strategy at independent financial adviser Hargreaves Lansdown, replies: You are right to review your investments and […]
Experts are battling to interpret data and use it to predict the next turn of events, but few, if any, foresee a swift return to stability and growth.
However, a rift is forming between those who fear a resurgence of inflation, sparked by rampant government spending, and those who fear the opposite - a long […]
But Nationwide, the country’s biggest building society, stands accused of hypocrisy and acting just like a bank over its plans to pull out of Bagshot, Surrey, depriving villagers of their only bank or building society branch.
Nationwide announced the closure of the branch at the beginning of the month by putting up a poster […]
Financial Services Authority officials have been taking particular interest in exposure to Irish institutions.
This is over and above the usual regulatory monitoring requirements, suggesting it has particular concern about the security of these loans - made with the savings of society members.
The FSA’s anxieties centre on the building society sector, which lost a collective £200m […]
Selling a home is a tough task at the moment. Buyers are hunting for bargains and with banks and building societies reluctant to lend many potential homebuyers are struggling to raise finance.
But while sellers could be forgiven for thinking that doom and gloom headlines mean they have no chance of ever shifting a property, […]
The squeeze has become so tight that some middle-class families are pawning diamonds and cars to pay school fees, it has been claimed.
But with some medium term financial planning, there should be no need to take the engagement ring or BMW down to the pawnbrokers.
So what are the best ways to save and pay […]
As the level of compensation offered in Ireland is now higher than the UK, the vast majority of Irish banks are covered solely by the Irish system, not the UK’s Financial Services Compensation Scheme (FSCS).
Many savers are worried about this. Here Richard Dyson addresses the issue…
There are two Irish banks falling outside the UK’s FSCS: […]
© 2008 Daily Financial News