Around 100,000 of the UK's poorest families will be crippled with £82 million of debt during 2010 after borrowing money from loan sharks to fund Christmas, research claims today.
Buckinghamshire Building Society has launched a new fixed-term savings account, which pays the top rate available over a year, and unusually could rise further during the lock-in period.
First-time buyers (FTBs) who've got on the housing ladder are spending less of their income on servicing mortgage debt but many other wannabe homeowners are still struggling to buy.