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Brits waste two years worrying about debt

The average Briton wastes about two years or 16,848 hours of their lifetime worrying about debt, research out from The Co-operative Bank claims.

As a nation that equates to some 13 billion hours every year spent fretting whether we’re going to go into the red.
Some 48% of the 3,000 UK adults surveyed on behalf of The Co-operative Bank say they’re either concerned or deeply concerned about their increasing levels of debt. And 80% of people confessing to being troubled about their lack of savings.

Scott McPhail, savings product manager at The Co-operative Bank, says: “It is worryingly clear from the research that the vast majority of UK adults are deeply concerned about their finances, with rising levels of debt and inadequate saving provisions responsible for countless sleepless nights nationwide. 
He adds: “At The Co-operative Bank we would like to stress to people that it’s never too late to regain control of your finances – taking full advantage of your tax-free savings allowance before April and investing as little as a pound in a cash ISA is one way that you can help to ease the strain.”


RBS IP ups remortgage rate by 0.15%

RBS Intermediary Partners is increasing the rate on its First Active five-year fixed remortgage rate from 5.60% to 5.75%.The applies until April 30 2013 and has a £799 arrangement fee.

Sourcing system to take on big boys

The developer of packager software system Gravity is looking to set up a whole of market sourcing system to rival Mortgage Brain and Trigold.

Complete launches The Complete Deal

Complete Mortgage and Loan Services has launched The Complete Deal with LMS Conveyancing.The deal offers free valuations when used in conjunction with LMS however brokers not wishing to use the combined offer can still benefit from reduced cost valuations.Charges for legal and valuation services are on a sliding scale. Tristan Pile, head of sales and […]

MfB partners with Commercial 1

Mortgages for Business has appointed specialist brokerage Commercial 1 its exclusive broker for secured loans and bridging finance.The move sees MfB’s growing their proposition to work with introducers.The deal gives MfB’s customers access to Commercial 1’s advice team for secured loans and bridging finance.Nick Blunt, head of business partner development at MfB, says “Commercial 1’s […]

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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