According to a recent Alliance and Leicester survey of 16 to 21 year olds in the UK, the ideal occupation would be a professional, and very famous, musician.
Over a thousand young people were surveyed to gain a better understanding of this valuable market segment, since the Alliance and Leicester current account is perfectly suited to the needs of young people. It seems that the youth of today aspire to be famous, seeing wealth come as part of the package.
As said, musician tops the list, followed by a role in the media, a socialite – which means no career at all most people over 21 would argue – and then fashion designer. As a top 4 it bears little resemblance to what is likely to be the reality for 99.9 percent of them, but it is always good to dream and maybe the Alliance and Leicester can help them manage their money so they can feel like they are rich.
The first six months of the year has seen Northern Rock record a loss of GBP585 million, primarily through their customers being unable to meet the payments on their mortgage.
The figures provided by Northern Rock show 1.18 percent of customers are regularly missing mortgage payments, which is an increase of 300 percent compared with 12 months ago. The upshot of missed payments is arrears, with the number of people now in this state also up by around 300 percent.
The worry for everyone looking at the housing situation, not just Northern Rock, is that these arrears can turn into repossessions, especially where negative equity becomes a problem, such a situation will be affecting many homeowners who bought their house within the last two years.
The Halifax is weighing in to the student bank account market with an offer that includes a GBP3,000 interest free overdraft, reduced cost card insurance and discounted AA membership.
An important aspect of this offer from the Halifax is that the overdraft is valid for up to five years, giving students a full year after graduation to find employment and be in a position to pay off the borrowing. Account holders will also find that, should they be in credit on their account the Halifax will even pay them interest of two percent.
Management of the Halifax student account can be done through branch, phone or online, making it easy for students to access and manage their finances at any time.
