Cost To Rent Increasing For Sixth Month

Cost To Rent Increasing For Sixth Month

The cost to rent in the uk has increased for the sixth month in a row according to new figures released by LSL Property Services.

The average cost to rent in the uk is now £705 pcm which has risen 0.6% when compared to July, while annual rent inflation is currently at 4.2%.

Rents are on an upward trajectory, and it is unlikely that tenants will gain respite any time soon,’ says David Newnes, of LSL Property Services.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Friday, August 26,2011
Debt Support Trust
read more

Young People Forced To Flatshare Because Cost To Rent

Young People Forced To Flatshare Because Cost To Rent

According to easyroommate.co.uk, 100,000 young people are being forced into flatsharing because of the rising cost of rent.

Currently the average price of rent across the UK is £705 a month which is up 0.6% compared to last month and is the sixth consecutive rise in three months according to LSL property service who run the buy-to-let index.

“The low level of mortgage lending to first-time buyers had been a bottleneck for buyer demand, driving thousands of frustrated first-timers into rented accommodation,” said Jonathan Moore, a director of easyroommate.co.uk

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Friday, August 26,2011
Debt Support Trust
read more

Paying Too Much For Gas & Electricity?

Paying Too Much For Gas & Electricity?

A new survey carried out by moneysupermarket.com has found that 40% of customers are “clueless” about their energy bills.

The suvey found that some people may be paying as high as £400 a year more than they need to because they are unsure about how they are paying in comparison to other providers.

Scott Byrom, utilities manager at moneysupermarket.com said, “With the current spate of price hikes taking the average bill to record highs, customers should be on their game and know exactly how much they are paying in gas and electricity charges each year,” said Scott Byrom, utilities manager at moneysupermarket.com.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Thursday, August 25,2011
Debt Support Trust
read more

Scottish Spend Less When Shopping

Scottish Spend Less When Shopping

According to new research carried out by the Scottish Retail Consortium Scots shopped more than their counterparts in England, Wales and Northern Ireland however they also spend less when shopping.

The retail group carried out a survey which found that between May and July the footfall in Scottish shops had risen 0.2% therefore it was higher than the UK average which was 1% down on the Quarter.

Richard Dodd, spokesman for the Scottish Retail Consortium, said: “Sales were up but by less than inflation so actually people were buying less stuff than twelve months ago even though slightly more of them were going out shopping.”

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Wednesday, August 24,2011
Debt Support Trust
read more

Scottish House Prices

Scottish House Prices

House prices in Scotland dropped 3.7% in the past three months which meant the average house price over the last quarter was £152,565.

The new figures which were released by Llyods TSB also found there was an increase of 27% in house purchases.

Donald MacRae, chief economist for Lloyds TSB Scotland, said: “The Scottish housing market has adjusted to the recession with a halving of sales and a period of volatile price movement over the last three-and-a-half years.”

If you live in Scotland and need Scottish debt advice then we can help;

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Tuesday, August 23,2011
Debt Support Trust
read more

Npower Increase Energy Prices

Npower Increase Energy Prices

Npower have now announced they will increased their energy prices by 15.7% for gas and 7.2% for electricity as from the 1st of October.

The price increases will mean the average dual fuel customer will pay an extra £134 a year which equates to 12.2% more.

Npower are the fifth energy company to announce they will be increasing their tariff as a price rise in the wholesale market is being blamed for the increase.

Debt Support Trust has partnered with uswitch to help our readers/clients save money on their energy bills. Simply complete a comparison and switch energy provider through this link  http://www.uswitch.com/gas-electricity/?ref=debtsupporttrust and you will recieve an energy saving enviroplug which can help save you £40 a year on average.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Friday, August 19,2011
Debt Support Trust
read more

Average Rent Increases In England and Wales

Average Rent Increases In England and Wales

The cost to rent in England and Wales has increased 0.6% in July to reach £705 a month according to a new survey by LSL Property Services.

The recent increase is the 6th rise in a row and means that the average cost to rent is now £29 higher than the same period last year.

David Newnes of LSL said: “Rents are on an upward trajectory, and it is unlikely that tenants will gain respite any time soon.”

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Friday, August 19,2011
Debt Support Trust
read more

Unemployment Rises As Working Hours Decrease

New statistics released by the Office for National Statistics have shown an increase in the number of people unemployed in the UK however they also found that weekly working hours had decreased.

The new figures show that weekly working hours dropped 0.4% to 31.2 hrs in the three months to June compared to the previous quarter.

While unemployment has increased there is a decrease in the number of hours available to people in employment.

A spokespersons for Debt Support Trust said, “It’s an employers market with employees being asked to become more flexible. The saving employers make may help their business survive, however, people will be taking home less in their pay packet. This will be placing them under increased financial pressure which has the potential to result in long term problems and an increased level of debt solutions such as IVAs and Bankruptcy.”

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Wednesday, August 17,2011
Debt Support Trust
read more

UK Unemployment Increases

UK Unemployment Increases

New statistics released today show an increase of 0.1% in the overall number of people unemployed for the UK to reach 38,000 for the quarter.

The new figures were released by the Office for National Statistics who also found the number of people claiming jobseekers allowance increased 37,000.

A spokesman for Debt Support Trust said, “The unemployment level has risen slightly but the overall picture for the UK is still extremely bleak as 2.49 million people continue to be unemployed. There is unlikely to be a large increase in the number of jobs in the near future as businesses still struggle to rebuild after the financial collapse.”

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Wednesday, August 17,2011
Debt Support Trust
read more

UK Inflation Increases 0.2%

UK Inflation Increases 0.2%

New figures released by the office for national statistics show their was an increase in the Consumer Price Index inflation (CPI) by 0.2%.

The Retail Price Index (RPI) has remained unchanged however clothes and footwear increased by the biggest percentage since records began.

“The big picture is still that rises in energy prices and in particular the VAT hike at the start of the year are still keeping inflation high,” said Colin Ellis, chief economist at the British Private Equity and Venture Capital Association.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Tuesday, August 16,2011
Debt Support Trust
read more