The tradition of children borrowing from parents to cover costs such as mortgage deposits and paying off loan debts is starting to see a role reversal, with many parents now turning to their grown-up kids for loans in order to ensure financial security.
With widespread concerns over the stability of the housing market escalating in recent months, new statistics have shown that approval rates for mortgage loans fell by 50 per cent during March 2008.
Despite widespread concerns about the stability of the housing markets and widespread belt-tightening in the face of a gloomy financial environment, cash-strapped families are still reluctant to give up their summer holidays in order to save money.
A newly-published study has shown that as many as 6.8 million Britons are indebted to their energy suppliers, with the recent price hikes enacted by all major providers likely to further exacerbate the financial strain of running a home.
Millions of Britons are putting themselves at risk of financial difficulty in an effort to maintain middle class spending habits, a moneysupermarket study has suggested.
Consumers are coming under more pressure in an attempt to get on to the housing ladder, a new study shows.
Older Brits are increasingly looking to get away from it all, a new set of research indicates.
It is a sensible idea for drivers to regularly review car insurance policies, it has been claimed.
People should be careful not to automatically select the first cheap mortgage deal that comes along as the cost of fixed-rate products rises, a new study reveals.
Britons are splashing cash on their gardens, a new piece of research reveals.
Britons need to be wary of the impact that energy price rises can have on their finances, it has been stated.
The Bank of England’s monetary policy committee (MPC) has announced that it is to cut the base rate of interest, it has been revealed.
The expense of attending live games is impacting upon the finances of football-loving families, a new study shows.
Those looking to make improvements to their home should exercise a degree of caution, it has been claimed.
An increasing number of homeowners appear to be looking towards reducing pressure on their finances, new research shows.
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