New Parents Look To Loans To Help Reduce Financial Pressures

 

 

Starting a family may see the financial burden consumers are under rising dramatically, it has been suggested. The news comes as research released by MoneyExpert reveals that those parents who have children under the age of 18 are typically some 1,140 pounds in debt in the 12 months following the birth of their first child.

 

Homeowners may see that their day-to-day finances are set for a "shock", according to new reports. In research released by Moneygate, thousands of Britons may witness their mortgage repayments surging by as much as 50 per cent over the coming months as banks and building societies re-classify them as being high risk when judging their ability to make payments.

 

If you're currently renting or leasing a residence, you probably often think about how wonderful it will be to actually own a place of your own. You could finally paint the walls that shade of beige that you love, remove the shaggy carpet and replace it with laminate, and not have to worry about every scratch your cat makes in the paneling.