Personal Finance

Personal Finance

One in four waiting for an inheritance before they can buy a house

ONE in four young people are pinning their hopes on an inheritance to get a foothold on the property ladder, research out today reveals.

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Do you know how much your overdraft is costing you?

Are you struggling to stay out of your overdraft? Do you know how much you’ll be charged if you do use it? If you’re not careful, you can end up paying a lot for going overdrawn.

Personal Finance
Mike O'Connor, chief executive of Leeds-based debt charity Stepchange.

Consumers still suffer from irresponsible lending, says Leeds debt charity boss

THE boss of a Leeds debt charity has warned that some consumers are still suffering at the hands of “irresponsible lending” after new figures revealed a worrying rise in complaints about payday loans in Yorkshire.

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Exclusive: Payday loans epidemic in Yorkshire as complaints soar

COMPLAINTS about payday lending companies rose by more than a third in Yorkshire over the last six months of 2016, according to the head of the financial ombudsman service.

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Mums are still 'lending' money to their adult children.

Bank of Mum: 17% of mothers still lend money to their adult children, survey finds

Mothers are more likely than fathers to continue giving their children cash handouts after they have grown up, a survey has found.

Personal Finance
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What to do if the bailiffs come knocking - and how to keep them at bay

THE fear of bailiffs coming round to your home and trying to remove some of your possessions is enough to worry anyone who has ever fallen behind with a bill.

Personal Finance
Andrew Shepherd, Deputy Chief Executive, Brooks Macdonald.

Wealth management firm gears up for growth in Yorkshire

Wealth management firm Brooks Macdonald is gearing up for strong growth in Yorkshire, after posting a rise in half year revenue and profits.

Personal Finance
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More people are getting county court judgements – here’s how to avoid them

The number of people getting County Court Judgments (CCJs) has gone up, so what should you do if you’re worried about getting one yourself? The important thing to remember about CCJs is that they are almost always avoidable. Here’s what you need to know about them and how to make sure your debts don’t get to that stage.

Personal Finance
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Only one in three think they’re saving enough for retirement

ONLY ONE worker in three in Sheffield and Leeds is confident that they are saving enough to enjoy a comfortable retirement, according to a survey.

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How to handle your Council Tax bill this month

Are you struggling to keep up with all your household bills, like your Council Tax? According to Citizens Advice, you’re certainly not alone if you are. Earlier this year it highlighted the financial pressure that household bills are putting on the people who seek them out for help.

Personal Finance
Sir Steve Webb

Millions may face working into their late 70s

MILLIONS of pension savers hoping to gradually phase in their retirement could find themselves working into their late 70s or beyond to achieve the lifestyle enjoyed by previous generations, research published today warns.

Personal Finance
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How to cope if your income suddenly shrinks

Have you found yourself dealing with a short term loss of income? Maybe you’ve recently been made redundant, or found that illness has forced you to take time off or work fewer hours. Suddenly finding that your income has taken a hit can cause a lot of worry about how you’re going to cope financially and the situation can become a lot more complicated if you’ve also got debts you need to pay off.

Personal Finance
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One person in five retiring this year will still have debts to pay

THE GROWING debt crisis gripping the nation will mean one in five people in Yorkshire who are retiring this year will still have debts to pay off with many financially-stricken households fearing they will never clear what they owe.

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Home repossession ‘at 35-year low’

At last. some good news: Thanks to the very low interest rates over the past few years, the number of people having their homes repossessed last year was the lowest for 35 years.

Personal Finance
Money expert Martin Lewis gives his advice on hunting down the cheapest train tickets.

Martin Lewis: Expert tips on how to find the cheapest train fares

The only way to find the cheapest rail ticket is to throw all logic out of the window. Ask at a station or online, “What’s the cheapest train ticket from Pennyhill to Walletsworth?” And sadly you can’t rely on the answer. In many cases there are far cheaper options than the answer given.

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How to spring clean your household budget

Most of us know we should have a budget plan in place to ensure we stay in control of our money. With a budget, it’s easy to see what you’ve got coming in and what you need to spend it on – so you shouldn’t run out of money before the end of the month.

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‘Punishing’ banks can be even more expensive than payday lenders

BORROWERS NEEDING as little as £100 could be charged up to £156 more by their bank than it would cost at a payday lender, Which? has found.

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Is it a good idea to consolidate your debts?

For many of us, January’s payday just can’t come soon enough. If you overspent at Christmas, or borrowed more than you can afford, you might be thinking that you just can’t afford to pay all your bills this month. But are there certain bills you should never miss?

Personal Finance
Will investors take flight from China?

Investors could take flight from China in the Year of the Rooster

Today China celebrates its new year. The firecrackers that welcome in the Year of the Rooster may not be popular with all investors as astrologists say the signs foretell disharmony and global conflict.

Personal Finance
Leeds tops national table for Help to Buy take-up

Leeds tops national table for Help to Buy take-up

A GOVERNMENT savings scheme to help young people on to the housing ladder has proved more popular in Leeds than anywhere else in the UK.

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