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Debt: Is it ever a good idea?
Debt is something that most people will have to deal with at some time or another. For many people, this is a normal part of life and something that doesn’t cause them any difficulty, but getting yourself into debt without a good reason and without a means of paying it back is never a good idea.
Mortgage lending falls in April
The number of mortgages approved fell by 4% to 45,166 in April, according to the Bank of England. Since records began in 1992, that’s the smallest number for any April. There was also a 10% month-on-month drop in the number of remortgages approved. For many economists, these figures are illustrative of an on-going depression in the housing market. Some have been more upbeat, suggesting that the drop had more to do with bank holidays and the royal wedding.
How parents can help their children get on the property ladder
In today’s climate of high house prices, where credit is increasingly difficult to obtain, first time buyers often struggle to get a mortgage and a place for themselves. Should they wish to, there are a number of ways in which parents can help their kids take this step. There are also risks involved in each option which parents should be aware of.