Wealthy buyers often see properties located in London and other desirable areas of the UK as a safe haven for their money.
Data released recently by the ONS (Office for National Statistics) showed annual Consumer Price Index (CPI) inflation at 2.7% in January.
The savings gap between men and women has reached £512, with women overcoming the obstacle of lower average earnings to lead the savings charge.
Research by a debt advice charity has revealed that over 22,000 adults aged under 25 sought its help in 2012, demonstrating the “acutely vulnerable economic position” of young people.
A new Experian survey of more than 3,000 Britons reveals that one in seven Britons (14%) have had a romantic relationship which had a negative impact on their financial situation or credit rating.
New research has revealed that buying a house is more affordable than renting in all 12 UK regions, with the difference most salient in London.
According to the CML (Council of Mortgage Lenders), more first-time buyers got a foot on the property ladder last year than at any time since the financial crisis began.
Experian CreditExpert has warned those looking for love online to be careful they do not fall foul of ‘sweetheart scammers’, unscrupulous fraudsters who use dating sites as a means to gain your trust, your personal information and potentially your money.
A steep increase in first-time buyers teamed with a modest increase in lending at higher loan-to-value ratios has led to hopes that the property market is undergoing a long-awaited recovery.
House prices have witnessed a 1.9% average rise in the three months to January, marking the strongest increase for three years.
Despite the fact that they are already “at financial breaking point”, UK households collectively need to come up with an extra £17.7bn a year in order to maintain the same standard of living they enjoyed 12 months ago.