Borrowers should be treated sympathetically, charity says by Finance News Bulletin

Published: 04/01/08

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents cover, warns NFU MutualAxa is launching My financial plan Day on November 21st in an attempt to encourage people to take control of their moneyBorrowers that fall behind in making repayments on their personal loans should be treated more understandingly by lenders, according to Citizens Advice

The charity has called for lenders and lending institutions to allow customers in difficulty to negotiateA spokesperson supposed that borrowers can often find that a previously manageable debt becomes a load when their situation changes"It can happen very quickly - a divorce, illness or losing a job income that a £300 payment a month suddenly becomes fairly a burden," she saidAccountancy firm PricewaterhouseCoopers recently told a recent BBC study into debt that loan repayments now take up around 19 per cent of the average UK family's disposable income

It has also emerged today that homebuyers - and in particular unparalleled buyers - are being forced to have a loan of more money to cope with rising house pricesAccording to figures released by centre-right thinktank Policy swap, the standard first-time buyer is paying £1,458 in stamp dutyThis is in stark contrast to a decade before, when the average first-time buyer did not disburse any stamp duty at

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