By Sell_and_Rent_Back on
03/07/2009
The Council of Mortgage Lenders have released the latest numbers on repossessions, and the news is still not favourable. In the UK, an estimated 65,000 repossessions will occur this year; that estimate is down by 10,000 from December, but up in actual numbers by 25,000 year on year.
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By Sell_Home_Fast on
02/07/2009
According to Moneyfacts, there has been a large jump in the cost of fixed rate mortgages to brand new borrowers; interest rates for a two-year deal have increased by 0.16% to 4.9%. Five year fixed rate mortgages have gone up by 0.21% to 5.82%.
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By Sell_and_Rent_Back on
01/07/2009
With the staggering number of people predicted to be in arrears of their mortgage in 2009 - the Council of Mortgage Lenders estimates that 360,000 mortgages in the UK will be in arrears at approximately 2.5% of their outstanding balances - sell and rent back services are becoming more and more popular.
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By Sell_Home_Fast on
29/06/2009
The CML (Council of Mortgage Lenders) has announced that mortgage lending in May was 2% lower than in April - at approximately £10.3bn - and 58% lower than May 2008.
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By Sell_and_Rent_Back on
26/06/2009
These days you can literally sell your home fast and exchange within two days, without chains and without estate agency fees. This is all made possible with specialist Sell home fast agencies and many give you the option to sell and rent back too.
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By Sell_Home_Fast on
25/06/2009
As further evidence showing that the UK is hardly alone in the current economic crisis, reports indicate that home prices around the world have dropped in the first quarter of 2009.
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By Sell_and_Rent_Back on
24/06/2009
Recent news from the Bank Of England acknowledged that approximately 7 - 11% of UK property owners have negative equity; a further blow to a poor property market.
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By Sell_and_Rent_Back on
23/06/2009
Relaxed lending practices from Building Society has put many people into mortgages that they cannot afford, worsening the property market and causing high numbers of repossessions int he UK. The trouble is so bad that many building societies are themselves at risk; many have gone bust in the last twelve months and the eight remaining building societies have gone into the red at one point or another.
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By Sell_Home_Fast on
22/06/2009
People looking to sell homes fast aren't the only ones taking a hit in this current economy. Despite its initial estimate of a construction industry slowdown of about 2.4%, construction output in the UK has fallen by an incredible 9% during the first quarter, according to the Office for National Statistics.
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By Sell_and_Rent_Back on
19/06/2009
The much talked about, £285m mortgage rescue scheme offered by the Government does not appear to be making much of an impact; in fact, the sell and rent back industry appears to be assisting far more homeowners thus far.
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