My pick of last week’s news are the mortgage articles.
Debt news
Millions are struggling with debt – but beware who you ask for help Mirror: People already in deep money trouble can be hit with big ‘budgeting’ firm fees – if anyone reading this has come across the firm mentioned here Clear Start Accountants (not the old IVA firm of the same name) please leave a comment below or email me.
Consumer warning on Promethean Finance Limited FCA: FCA removes more than 20 trading names from Promethean’s FCA register entry saying “The third-party firms who owned or controlled these trading names were not authorised to carry out regulated activities.”
Are you still paying fees on an old Gregory Pennington DMP? my article
5.5 million people behind on energy bills, as charities call for Help To Repay scheme Money Advice Trust calling for: A dedicated government ‘Help To Repay’ scheme for energy arrears, to provide repayment matching and the option to write off energy debts for people dealing with unaffordable arrears.
Mortgages:
The Mortgage Crunch Resolution Foundation: Recent signs that inflation is proving ‘stickier’ than hoped has raised the prospect of even more rate rises from Bank of England, and a deeper mortgage crunch for households.
Average two-year mortgage rate close to 6% BBC
UK homeowners face huge rise in payments when fixed-rate mortgages expire Guardian: More than 2.4m deals are ending in 2024, raising fears of financial timebomb
‘I live in fear of debt collectors’: disabled people in England tell of toll of soaring care costs Guardian: Readers explain how they are being forced to give up essential social care or forgo meals and sanitary products
Gambler who took his own life made up to 100 bets a day, coroner told Guardian: First inquest to formally involve a gambling operator hears that Luke Ashton at one point had debts of £18,000
Are you married, where else do you bank, what’s your income…? Mail: Why did First Direct grill me to open a basic savings account?
Bank branch closures and poor websites risk excluding disabled people Which? “TSB and banks in general have no concept of their effect on those who don’t bank online. Our needs are secondary to the need to “streamline services” and make money.”
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