Students splash more cash on rent
Average rent rates for students in the UK have risen by seven per cent compared to last year, according to a new report by Accommodation for Students.Social housing website 24dash published the report findings showing that an average UK student would pay £60 per week for their digs in 2007, which is four pounds more than 2005. Yet this figure does not reflect the experience of all students, as rents vary dramatically depending on which university is attended and its location.London remains the most expensive place to study, where spending £102 per week on rent is the norm, at 71 per cent above the overall UK average. Oxbridge students also pay more with those attending Cambridge expecting to shell out £84 per week, 42 per cent above the national average.Accommodation tends to be cheaper around less popular universities such as Crewe, Middlesbrough and Stoke, where the average weekly rent bills are £37, £38 and £40 respectively.Simon Thompson, co-founder and director of Accommodation for Students, commented: "Now that students are accumulating large borrowings to subsidise their study the cost of accommodation has become a critical factor in their choice of university."
Popular stock market terms explained (part 2)
This is part two of the summary of City terms :-
This is the name given to the main American equity stock market and is the index which you will see mentioned on all of the news bulletins and in the financial press. Again, like the FTSE100 it is an index of the largest companies in the US.
A share is basically a part of a...
Reader's Digest book could be closed after 70 years
In yet another reflection of the ever-growing pension funding problem in the UK, the British arm of Reader's Digest is seething on the verge of collapse with a £125 million pension fund deficit seemingly to blame. The American parent company Reader's Digest Association recently filed for bankruptcy protection in America and has been in discussions with the British Pensions Regulator for some time...Read More
Mortgage lenders starting to tighten their belts again
A report out this week has confirmed that mortgages taken out by first-time buyers in the UK fell by 2% in July compared to the previous month. While a total of 19,400 mortgages were still arranged in July there was a surprise increase in the level of deposit required which now stands at 24% after falling to 21% in the spring period. So are UK mortgage lenders starting to tighten their belts again...Read More
Simple mistakes which are handing money to the banking industry
In these times of economic concerns it is vital that the UK public review their banking arrangements on a regular basis and ensure they are getting value for money and services which they actually require. While there are a number of common errors which increase the overall cost of UK banking services, we would like to highlight the following issues: -
Will Alistair Darling Kill The Housing Market?
Earlier this week we heard strong rumours suggesting that the government was about to suspend stamp duty on house purchases in a moved aimed at giving the market a kick start. However as seems normal for the current Labour government things may not be as clear as first thought.
Firstly there is no guarantee that stamp duty will be changed, secondly there is a suggestion that it m...