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More than 14m Britons are using their credit cards for everyday spending, with one in five carrying three or more cards. Despite high interest rates, card holders continue to use credit to pay for day to day expenses such as food shopping and petrol, according to a survey from moneysupermarket.com, the price comparison service. More men than [...] Asking prices by home owners soared by 3.2pc during February as a shortage of sellers left estate agents scrambling for business, research showed today. The jump seen during the four weeks to February 6 was the biggest increase in asking prices for homes in England and Wales since April 2007, according to property website Rightmove. It pushed [...] Chip and pin technology must be overhauled after it emerged that one in seven people could have already been a victim of a “fatal flaw” in the system. Experts at Cambridge University believe the system is “broken” after they tricked it into accepting transactions without using a valid personal identification number.They say the flaw is [...] The number of people being evicted from their homes has climbed to a 14 year high with an average of 126 repossessions a day in the last year. As many as 46,000 people had their home repossessed last year, the highest level since 1995 and 15 per cent more than the previous year. The figure from the [...] Tracker mortgage rates fell to a record low during January as competition continued to return to the mortgage market figures from the Bank of England show. The average interest rate charged on one of the deals dropped to 3.63pc from 3.92pc during the month, the lowest level since Bank of England records on the product [...] The recent snow and freezing temperatures almost brought the property market to a halt last month. The latest survey from the Royal Institution of Chartered Surveyors found a fifth more estate agents reported a fall rather than a rise in the number of new buyers during January. It is in sharp contrast to the 18 per cent [...] At least 10,000 Britons are being declared insolvent every month- the highest level on record new official figures reveal. Despite the recession being declared over, many households are still unable to live within their means. And experts warned insolvency numbers will rise further once interest rates begin to head above their current low level of just 0.5 [...] The labour Government’s free debt advice service is being forced to turn people away after being unable to cope with a 28pc jump in demand. MPs described the labour Government’s approach to advising people in debt as a “triumph of bureaucracy over practicality” and urged it to “shake up” its strategy to meet the increasing demand [...] The number of people who were declared insolvent in England and Wales hit a record high in the last quarter of 2009 and during the year in full. The figures from the Insolvency Service marked the depth of the recession, with 35,574 people declared insolvent in the last three months of the year. That was a rise [...] The availability of UK mortgages is on the rise again providing a glimmer of hope for first time buyers. The number of deals on offer is up 20% [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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