Property Rescue Blog

The High Court blocked a planned 12-day strike by British Airways cabin crew over the Christmas holiday and has deemed the action unlawful; however, the Unite union has made it clear that this will not be the end of their actions in response to changes being made at BA.

Official figures show that inflation in the UK rose higher than expected in November, due in large part to higher petrol prices.

Newspapers around the world were experiencing declining readerships long before the global recession hit and began to take a significant toll on the newspaper publishing industry.

The Financial Services Authority (FSA) has published new plans that bring mortgages under closer scrutiny. This has come about in response to the £1.23 trillion residential mortgage market and dizzying effect the financial crisis has had on the UK economy.

Borders, a major bookseller in the UK, announced they will be closing up shop and attempting to sell their group of 45 stores.

Folks who may have already been looking into ways to sell house fast due to falling into arrears or threat of repossession may be even more determined to sell home fast after hearing Chancellor Alistair Darling’s December 9th Pre-Budget Report.

News that National Insurance will increase in 2011 by 0.5% for both firms and employees is predicted to increase job losses, further bad news for those needing a quick house sale.

According to the property group, Savills, home values in the UK will likely fall by 6.6% in the year 2010. After that, the group predicts that prices will rise and fall in a tumultuous way over the next five years.

As a part of the ongoing housing market crisis, it is being reported that the number of mortgages that require a 15% deposit has risen in the last month from 189 to 226; this is the highest number in over a year. House Buyer's Mortgages requiring a 25% deposit have fallen, but still account for 66% of mortgages in all.

According to the accountancy firm PricewaterhouseCoopers (PwC), 9% of all total outstanding debt balances will be made up out of credit card debt by the end of the year 2010.