Tag Archives: affordability

How to afford the mortgage rate rises

posted by in Archive 3 Comments

[If you’re having problems with rent arrears instead, read our rent arrears article]

Terraced houses

Mortgage rates are rising – what can you do?

After a few years in the doldrums mortgage interest rates are predicted to rise over the next few months (some have already started). What can you do to reduce the financial pain this can cause?

Many people will find their monthly mortgage payments will increase, and with high food and fuel costs, many households are already struggling to cover their priority payments. We recently reported that the number of over-60s who can’t afford their mortgage has jumped by nearly 50% in two years.

Others may be comfortably meeting their commitments at the moment but are worried about the impact of increasing mortgage interest rates on their household.

Today we’ve outlined the existing options available to mortgage holders who are already struggling to make mortgage payments and those worried about the future.

Continue reading »


Don’t panic buy this Christmas

posted by in Budgeting 1 Comment

panic at Christmas

Be less stressed this Christmas

A friend of mine who worked for a large electrical chain store tells a great story about a slightly inebriated man who entered a high street retailer on Christmas Eve and set about purchasing large, big ticket items apparently at random. The customer had sobered up by the time he brought all the items back on Boxing Day.

Another friend who has spent time working in retail always loves Christmas. He can tell endless tales of customers rushing into stores panic buying on Christmas Eve.

Continue reading »