Chiltern Debt Monitor September 07 Average level of debt: £26,608 Average age of debtor: 43 Yearly gross income: £23,535 Male: 42% Female: 58% Average number of creditors: 8 Affordable payments as a % of contractual payments: 26% Monthly living costs: £1,083 Monthly disposable income: £231 No of months to be debt free: 145 The first [...]
September, 2007
Unfair mortgage charges penalising those in need
Lenders are making it even more difficult for customers to clear their arrears on their mortgage payments Lenders are making it even more difficult for customers to clear their arrears on their mortgage payments by charging unfair fees according to new research. The study by moneysupermarket found that a selection of leading mortgage lenders were [...]
Repossessions fuel home auction numbers to highest level in years
Chiltern is urging people who face losing their home through repossession to seek help Chiltern is urging people who face losing their home through repossession to seek help after figures from the Royal Institute of Chartered Accountants (RICS) showed the number of homes sold at auction had reached its highest level in two years. RICS [...]