Bad Credit Maryland Mortgage N

Graduates putting off house purchases

Thomas Charles ( www.thomascharles.com), the leading debt solutions consultancy, today revealed the results of a survey amongst graduates to establish the impact of their levels of debt on their ability to buy a property. In conjunction with the UK's No 1 student accommodation website, Accommodation for Students(www.accommodationforstudents.com), the company surveyed 950 people across the UK who have graduated since 2001. 85% are under 30 and 65% are aged between 23 and 28, a prime age range for young professionals wishing to buy their first property.

The survey suggests that the current levels of unsecured debt amongst graduates is having a major impact on the property market with fewer graduates being able to afford to buy a property and having to postpone getting on the property ladder by several years.

20/20 Take: When to Start Tracking Your Credit Score

Editor's Note: 20/20 Take is an Online Journal feature looking at how an issue in the news relates to people in their twenties. This installment looks at credit scores. Write to Elizabeth Levin or Megan Ballinger.

The stress of SAT scores is well in the past and worries about cholesterol counts are still years away. In between, another number looms large for twentysomethings: your credit score.

Many twentysomethings have at least a rough understanding of credit scores and the ill effects bad credit can have on loan terms. Scores typically range from 300 to 850 -- scores above 760 qualify ...

Borrowers warned not to rush in wake of interest rate hike

Leading mortgage lenders have warned against the temptation of fixed rate deals, in the wake of the Bank of England's interest rate rises.

Those seeking bad credit mortgages or lifetime mortgages might opt for a deal where interest rates were guaranteed to remain the same over time. This is as opposed to a tracker mortgage, which would correspond to changes in base rate as governed by the Bank of England.

Interest rates went up to 4.75 per cent last Thursday, but Ray Boulger, spokesman for independent mortgage provider Charcoal, told Reuters that this it was not necessarily a good idea to go for a fixed rate loan: "If base rates are going to go above five percent and stick there for a while, then it makes sense to take a fixed mortgage.

"But if it is not going to go over five percent, and I don't think it will, then a tracker mortgage makes far more sense," he continued.

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