Personal Finance
| Use attributes for filter ! | |
| Google books | books.google.com |
|---|---|
| Originally published | February 3, 2012 |
| Authors | Kristy Walker |
| Robert B Walker | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2027432 |
About Personal Finance
Personal Finance, 2e by Walker/Walker offers students an engaging treatment of personal finance, while incorporating unique themes, an application-driven pedagogy, and a definitive action plan. . . .
Interest rates: Why there is more pain still to come
... While mortgage rates might be on the way down again, analysts say savings rates may also have peaked - including at Treasury-owned National Savings and Investments (NS& I)," Savers should brace themselves for rate cuts on NS& I accounts and for the Premium Bond prize fund to fall, as the government-backed provider has already exceeded its fundraising target for the tax year, " says Laura Suter, head of Personal Finance at investment platform AJ Bell...
The hidden tax rise in the Autumn Statement
... Sarah Coles, head of Personal Finance at Hargreaves Lansdown, said that while the 2% cut in NI " isn t to be sniffed at" by keeping NI and income tax bands frozen, " the Treasury has done nothing to protect us from the misery of fiscal drag, and means the lion s share of the damage done to our finances from these tax hikes will still continue to be felt years down the line"...
Minister's £11,000 iPad bill is legitimate expense - Humza Yousaf
... It has always been more expensive the moment you leave Europe, with some providers charging £7 a megabyte for data and nearly £4 a minute to make or receive a phone call, according to Personal Finance site...
Big banks accused of doing little for savers
... Alice Haine, Personal Finance analyst at investment platform Bestinvest, said: " The era of cheap money is well and truly over, so households should prioritise clearing expensive unsecured debt and building up a rainy day pot to withstand any unexpected expenses...
House price falls expected into new year, Halifax says
... Alice Haine, Personal Finance analyst from investment platform Bestinvest, said: " The housing market is expected to remain subdued into the next year as the drag effect from the Bank of England s 14 interest rate hikes delivers a heavy blow to affordability levels...
Freshers' week: Tips for surviving uni first year
... " Final-year student Pria, 21, agrees Personal Finance is an important aspect of uni life...
Premium Bonds: Chances rise of winning leading prizes
... " It was inevitable that NS& I would increase rates as rising competition in the savings market means it has fallen out of favour with savers who would prefer guaranteed rates elsewhere, " said Laura Suter, head of Personal Finance at investment platform AJ Bell...
New rules aim to end rip-off finance fees
... Eric Leenders, managing director of Personal Finance at UK Finance, the trade body for the banking sector, said he believed the changes would be more " evolution, not revolution" and that " most customers will probably not feel too much of a difference"...
House price falls expected into new year, Halifax says
By Kevin PeacheyCost of living correspondent
Falls In House prices will continue into next year, the UK's biggest mortgage lender has said, although the rate of reduction has slowed.
The Halifax, part of Lloyds Banking Group, said that property prices were 4. 7% lower in September than a year earlier.
Prices were down 0. 4% on the previous month, but that was a much shallower drop than previously.
The lender said high interest and mortgage rates would affect The Market .
" Homeowners inevitably become more realistic about their target selling price, reflecting what has increasingly become a buyer's market, " said Kim Kinnaird, director of Halifax Mortgages.
But the fact that interest rates would stay higher for longer than many had expected would constrain demand and put " downward pressure on house prices into next year" She Said .
Earlier in the week, rival lender Nationwide said buyers who were facing high mortgage rates were.
Both Halifax and Nationwide surveys use data based on their own mortgage lending, so do not include those who purchase homes with cash or buy-to-let deals. According to the latest available official data, cash buyers currently account for over a third of housing sales.
The Drop in prices during September was The Sixth consecutive monthly fall, the Halifax said, and meant the cost of a typical UK home was now £278,601. However, this is still £39,400 higher than in March 2020 when prices started to shoot up during the pandemic.
Nicky Stevenson, Managing Director at Estate Agent group Fine and Country, said: " The property market is offering a much stronger supply of homes than it did during 2021, when we saw frantic buying activity, and this is giving buyers much more choice and headroom to haggle - though it is also playing a part in pushing down prices during negotiations with sellers. "
While property prices were now about £14,000 below the August 2022 peak, they remained 1% higher than in December 2021, when The Bank of England started its run of base rate rises, the Halifax said.
Alice Haine, Personal Finance analyst from investment platform Bestinvest, said: " The housing market is expected to remain subdued into The Next year as the drag effect from The Bank of England's 14 interest rate hikes delivers a heavy blow to affordability levels.
" While some buyers have been forced to reduce the size and value of the home they purchase to afford mortgage repayments, others are abandoning moving plans altogether. "
She Said some first-time buyers would be happy to see prices fall, and could choose longer-term mortgages to spread out the cost, although that means paying more in the long-run.
What happens if I Miss A mortgage payment? Related TopicsSource of news: bbc.com