Thrifty Loans

Consumer Confidence Takes A Dive

British consumer confidence has plummeted to its lowest level for almost five years, which will add to the downwards spiral fears for the economy. A key indicator of future spending, the GfK index of consumer confidence, continued its recent downward trend to its lowest mark since March 2003. Indeed consumer desire to spend on major [...]

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UK Borrowing Higher Than Ever

Brits are clearly relying on borrowed money more than ever before The average Briton now owes £33,000 compares with £17,000 in 2000. That’s nearly a doubling of debt in seven years. The main reason for the increase in debt is because of rising house prices and increased mortgages. Gloomily, experts are predicting that tough times [...]

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Equity Release Or Downsizing?

For some, equity release might work better than downsizing to give them extra cash for their later years. The managing director of home reversion specialist Home & Capital Advisers, Nigel Hare-Scott, says that downsizing may not be an attractive choice for some older people as it might mean moving away from family and friends, as [...]

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