Financial news

• Welcome to Grice Close, the cul-de-sac evicted by Fergus Wilson

  29-01-2019 18:04 via theguardian.com
  Mentions of the landlord tend to be met with a grimace on the Kent streets where he is evicting 700 householdsIf you want to live in Grice Close, a peaceful cul-de-sac built on a former Battle of Britain airfield, you have no choice but to pay rent to one family.The wife and daughter of Fergus Wilson, a 70-year-old buy-to-let tycoon, are the registered owners of all 15 houses in the road near Folkestone where mentions of Wilson’s name tend to be met with a grimace. Continue reading...
  
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• UK personal insolvencies hit seven-year high

  29-01-2019 17:54
  Jump in insolvencies follows period of rising inflation and lacklustre wage increasesA jump in personal insolvencies in the fourth quarter of 2018 sent the total number of people going bust last year in England and Wales to the highest level since 2011.Debt advisers blamed Brexit uncertainty, weak wages growth and tighter credit rules for forcing more people to declare themselves insolvent in the run-up to Christmas. Continue reading...
  
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• The new 100% mortgage won’t help low-income Generation Rent | Vicky Spratt

  29-01-2019 14:36 via theguardian.com
  By only lending to those whose families can cough up a lump sum, Lloyds Bank is reinforcing the ludicrous housing marketIf there’s anything more British than talking about the weather, it’s obsessing about house prices. This is a country where it’s taboo to ask someone their salary but perfectly acceptable to ask how much their house is worth (and look it up on Rightmove if they won’t tell you).In recent years, it’s been harder to avoid talking about house prices th
  
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• Mould, mice and mess: how to handle nightmare student housing

  29-01-2019 13:23 via theguardian.com
  If your flat is a disaster or owned by a rogue landlord, it’s important to know your rights. Here are six renting tips At Marina Stanimirovic’s seven-bed student house in Clapton, East London, shared living spaces had been turned into bedrooms, walls were damp and there were mushrooms growing from the corners of the floor. Stanimirovic was studying for a master’s at the Royal College of Art. She had moved from Paris and found the room on Gumtree for £600 per month, cash i
  
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• UK rail passenger satisfaction falls to lowest level since 2007

  29-01-2019 13:03 via theguardian.com
  Watchdog says fundamental change needed with more than one in five passengers dissatisfiedRail passenger satisfaction has fallen to the lowest level in more than a decade, according to the official national survey.Transport Focus, the passenger watchdog that conducts the biannual survey, said the results showed the need for fundamental change in rail services as overall satisfaction with journeys fell to 79%, meaning more than one in five passengers were not satisfied. Continue reading...
  
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• I was offered a refund to change a poor Trustpilot rating

  29-01-2019 07:59 via theguardian.com
  Rawlins Paints offered to pay the cost of our order in exchange for better feedbackI have been offered a “bribe” by Rawlins Paints to change my recent poor, one-star Trustpilot review. Paint I ordered took seven rather than the promised three days to arrive. I thought no more about it until an email offered me a full refund of the £111 I had paid. “If you wish to take us up on this offer all you need do is follow the instructions below to change your review to five stars
  
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