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Buyer Confidence Drops in Housing Market
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16/11/2007
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House Prices
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Hits:
3
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This week the financial commentators have reported on several factors that are hitting the housing market via a lowering of buyer confidence.
Property prices are slowing almost everywhere and in some areas of the country they are falling. One...
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Recession - Keeping The Pound In Your Pocket
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18/03/2009
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Unemployment
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Hits:
2
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The annual growth in take home pay has dropped to an all time low of 1.8% and saw an unprecedented fall of 0.2 per cent during January as employers make drastic cuts to save their businesses from collapse.
Honda is just one of the companies that has stopped...
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Another Kick Start To End The Recession
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11/03/2009
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Debt
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Hits:
2
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Today the Bank of England releases the first tranch of cash into the economy under its new policy called quantitative easing, whereby it is buying up government assets and debts so that it can inject more money into the economy.
The Bank plans to raise...
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UK Property Prices
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27/02/2009
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Housing Crash
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Hits:
2
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UK property prices are being driven down by pent-up supply and decreased demand. Since 2007, the UK property market has been struggling. These difficulties are expected to continue through 2009.
The Rightmove House Price Index saw UK residential property...
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Are You Facing Negative Equity?
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27/02/2009
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Housing Crash
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Hits:
2
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The dramatic falls in property prices over recent months have left many homeowners in negative equity – in other words, owing more on their mortgage than their property is worth.
The Financial Services Authority certainly agrees that negative equity is a real problem. It states that as many as one in five households could face negative equity by the time the market bottoms out, with an estimated overall fall in prices of 30% from their 2007 peak. These figures mean that some 2.5 million loans will be in excess of the value of the property against which they are secured. ...
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House Prices Continue Downward
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29/01/2009
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Recession
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Hits:
2
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The Nationwide Building Society has released figures showing that house prices continue to fall in 2009, although the rate of decline has slowed. In January, prices dropped a further 1.3%, whereas December’s fall was 2.5%. This is the 15th consecutive month...
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House Prices Continue Downward
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29/01/2009
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House Prices
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Hits:
2
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The Nationwide Building Society has released figures showing that house prices continue to fall in 2009, although the rate of decline has slowed. In January, prices dropped a further 1.3%, whereas December’s fall was 2.5%. This is the 15th consecutive month...
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Read More »
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Mortgage - Buy To Let Owners In Trouble
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14/01/2009
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Mortgages
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Hits:
2
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Over recent years the buy to let market has been buoyant. People who either had the cash or access to mortgage lending saw property as a failsafe means of making money and a solid long term investment. But as property prices have crashed the buy to let market...
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Recession - The Big Freeze!
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08/01/2009
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Recession
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Hits:
2
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Happy New Year from everyone at Property Rescue. We wish you a successful year but remind you that we are here to help should you find yourself in financial difficulties and need to sell your home fast.
As we start 2009 the financial climate is very similar...
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Recession - The Big Freeze!
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08/01/2009
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House Prices
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Hits:
2
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Happy New Year from everyone at Property Rescue. We wish you a successful year but remind you that we are here to help should you find yourself in financial difficulties and need to sell your home fast.
As we start 2009 the financial climate is very similar...
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Read More »
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Jobless Figures Rise
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18/12/2008
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Recession
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Hits:
2
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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Jobless Figures Rise
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18/12/2008
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Debt
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Hits:
2
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to...
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Read More »
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Jobless Figures Rise
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18/12/2008
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House Prices
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Hits:
2
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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Read More »
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Jobless Figures Rise
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18/12/2008
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Repossession
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Hits:
2
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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Read More »
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Paying for Christmas
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12/12/2008
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Stop Repossession
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Paying for Christmas
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12/12/2008
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Sell Home Fast
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Read More »
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Paying for Christmas
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12/12/2008
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Sell and Rent Back
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Read More »
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The Big Spend?
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02/12/2008
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Sell and Rent Back
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Hits:
2
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The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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The Big Spend?
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02/12/2008
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Repossession
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Hits:
2
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The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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Read More »
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When will the fall end?
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19/11/2008
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Recession
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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Read More »
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When will the fall end?
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19/11/2008
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Mortgages
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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Read More »
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When will the fall end?
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19/11/2008
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Interest Rates
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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Read More »
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When will the fall end?
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19/11/2008
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Stop Repossession
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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Read More »
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Dramatic Bank Rate Cut
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07/11/2008
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Interest Rates
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Hits:
2
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As anticipated, the Bank of England’s Monetary Policy Committee (MCP) has cut interest rates today. What was not anticipated, however, is the size of that cut. Half of one per cent was expected, maybe one per cent if the bank was feeling brave, but very few foretold the massive one and a half per cent that the MPC obviously feels is required if it is to have any effect on inflation and the threat of recession....
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Read More »
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Dramatic Bank Rate Cut
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07/11/2008
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Stop Repossession
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Hits:
2
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As anticipated, the Bank of England’s Monetary Policy Committee (MCP) has cut interest rates today. What was not anticipated, however, is the size of that cut. Half of one per cent was expected, maybe one per cent if the bank was feeling brave, but very few foretold the massive one and a half per cent that the MPC obviously feels is required if it is to have any effect on inflation and the threat of recession....
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Read More »
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World Interest Rate Drop
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17/10/2008
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Interest Rates
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Hits:
2
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Looking back a few months no one would have predicted that an interest rate cut would be made on a global scale, but that’s exactly what happened this week as world financial leaders reacted to the ever deepening crisis in this dramatic move.
The rate cut...
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Read More »
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Dramatic Bank Rate Cut
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07/10/2008
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Recession
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Hits:
2
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As anticipated, the Bank of England’s Monetary Policy Committee (MCP) has cut interest rates today. What was not anticipated, however, is the size of that cut. Half of one per cent was expected, maybe one per cent if the bank was feeling brave, but very few foretold the massive one and a half per cent that the MPC obviously feels is required if it is to have any effect on inflation and the threat of recession....
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Read More »
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Repossession - the process explained
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26/09/2008
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Debt
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Hits:
2
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This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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Repossession - the process explained
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26/09/2008
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Stop Repossession
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Hits:
2
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This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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Repossession - the process explained
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26/09/2008
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Equity release
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Hits:
2
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This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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Repossession - the process explained
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26/09/2008
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Repossession
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Hits:
2
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This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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The Divorce Trap
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18/09/2008
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Housing Crash
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Hits:
2
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A rather surprising side effect of the current economic slowdown is that the numbers of couples getting divorced has dropped by about 3%. It seems that people who would like to sell the family home and move on to a new life find they can’t sell and therefore...
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The Divorce Trap
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18/09/2008
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House Prices
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Hits:
2
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A rather surprising side effect of the current economic slowdown is that the numbers of couples getting divorced has dropped by about 3%. It seems that people who would like to sell the family home and move on to a new life find they can’t sell and therefore...
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Read More »
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The Divorce Trap
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18/08/2008
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Sell Home Fast
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Hits:
2
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A rather surprising side effect of the current economic slowdown is that the numbers of couples getting divorced has dropped by about 3%. It seems that people who would like to sell the family home and move on to a new life find they can’t sell and therefore...
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Read More »
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Biggest Threat in 20 Years
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23/06/2008
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Interest Rates
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Hits:
2
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Those were the words of Mervyn King, the Governor of the Bank of England, during his speech to Bankers in the City on Wednesday. The picture painted by Mr King was dire, but however we like to look at it, the changing economic landscape means we’ll all have...
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Biggest Threat in 20 Years
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23/06/2008
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Stop Repossession
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Hits:
2
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Those were the words of Mervyn King, the Governor of the Bank of England, during his speech to Bankers in the City on Wednesday. The picture painted by Mr King was dire, but however we like to look at it, the changing economic landscape means we’ll all have...
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Read More »
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The Return of Negative Equity
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13/06/2008
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Sell Home Fast
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Hits:
2
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The words ‘negative equity’ have not been heard much over the past ten years but back in the early 90s they were on the tip of everyone’s tongue. Could it be that we’ve had it so good over the past decade that we’ve forgotten what true economic slowdown is...
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Read More »
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The Return of Negative Equity
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13/06/2008
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Sell and Rent Back
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Hits:
2
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The words ‘negative equity’ have not been heard much over the past ten years but back in the early 90s they were on the tip of everyone’s tongue. Could it be that we’ve had it so good over the past decade that we’ve forgotten what true economic slowdown is...
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Read More »
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Another Hold On Interest Rates
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06/06/2008
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Debt
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Hits:
2
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Today's meeting of the Bank of England's Monetary Policy Committee decided that bank rates should stay at 5.0%. This means there has been no movement in the Bank rate since the 0.25% cut on 10 April.
The Bank is concerned about the level of inflation,...
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Read More »
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Another Hold On Interest Rates
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06/06/2008
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Interest Rates
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Hits:
2
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Today’s meeting of the Bank of England’s Monetary Policy Committee decided that bank rates should stay at 5.0%. This means there has been no movement in the Bank rate since the 0.25% cut on 10 April.
The Bank is concerned about the level of inflation,...
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Read More »
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First Quarter Repossession Figures
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16/05/2008
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Debt
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Hits:
2
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Recent repossession statistics show that there is no slow down in the housing crisis.
The current figures must be seen against the backdrop of 2007, which had been forecast to be a bad year by the Council of Mortgage Lenders even before the credit crunch...
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House prices continue to slide
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01/05/2008
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Mortgages
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Hits:
2
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House prices have now been falling steadily for more than six months, according to statistics published this week. In April, prices were more than one per cent down, bringing the average UK house price to approximately £178,500.
There is a mixed reaction...
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10p Tax Rate cut looks set to add to debt problems
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24/04/2008
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Mortgages
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Hits:
2
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Gordon Brown and Allistair Darling are facing opposition from their own back benchers over the controversial removal of the 10p tax rate band. By no means will everyone lose out from this cut, but some could have debt problems exacerbated by unexpected reductions...
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10p Tax Rate cut looks set to add to debt problems
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24/04/2008
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Debt
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Hits:
2
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Gordon Brown and Allistair Darling are facing opposition from their own back benchers over the controversial removal of the 10p tax rate band. By no means will everyone lose out from this cut, but some could have debt problems exacerbated by unexpected reductions...
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Read More »
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It's a Buyers Market
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25/03/2008
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Sell Home Fast
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Hits:
2
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House sales are in a slump and prices are falling. So say the latest reports on house price trends throughout the country.
The key reason appears to be the disparity between the number of buyers and the number of sellers. The credit crunch has made...
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Budget Brief
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13/03/2008
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Interest Rates
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Hits:
2
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Alistair Darling gave his first budget on 12 March. Although no longer the event it used to be, the budget still attracts the attention of the media and, to a lesser extent, the average man or woman in the street. Few surprises are unveiled in budget speeches...
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Budget Brief
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13/03/2008
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Sell Home Fast
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Hits:
2
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Alistair Darling gave his first budget on 12 March. Although no longer the event it used to be, the budget still attracts the attention of the media and, to a lesser extent, the average man or woman in the street. Few surprises are unveiled in budget speeches...
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Read More »
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Property Market Round Up
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02/01/2008
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Home Information Packs
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Hits:
2
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As we approach the end of the year it is a good time to look back at the property market during 2007 and look at the current situation.
The year began with what had become a familiar trend of rising prices, which, it seemed, would go on for ever. But...
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Read More »
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Property Market Round Up
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02/01/2008
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Equity release
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Hits:
2
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As we approach the end of the year it is a good time to look back at the property market during 2007 and look at the current situation.
The year began with what had become a familiar trend of rising prices, which, it seemed, would go on for ever. But...
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Read More »
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Is Your Credit In Crisis?
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14/12/2007
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Debt
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Hits:
2
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As Christmas approaches more and more of us turn to our credit cards to provide the funds we need to finance our seasonal purchases. Despite the concern emanating from retailers it looks as if we are set to spend record amounts again this year. During the...
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Interest Rates On Hold
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09/11/2007
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Interest Rates
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Hits:
2
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Yesterday the Bank of England chose to leave interest rates unchanged for the fourth consecutive month. The decision came as no surprise, despite the call from leading economists for a reduction in rates to ease the property blues currently gripping the UK’s...
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Struggling To Sell Your Property?
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02/11/2007
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Interest Rates
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Hits:
2
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This week figures have been announced that show the first drop in house prices for two years. Is this the start of a real slow down and is the housing market in crisis?
Northern Rock’s recent difficulties have shaken the market considerably, showing...
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The Open Market - The Slow Market!
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25/10/2007
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House Prices
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Hits:
2
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There has been a debate raging amongst sellers, buyers, estate agents, lawyers, developers and others involved in the property sector as to how the process of buying and selling property in England might be speeded up, clarified and made less vulnerable...
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Read More »
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The Open Market - The Slow Market!
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25/10/2007
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Sell Home Fast
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Hits:
2
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There has been a debate raging amongst sellers, buyers, estate agents, lawyers, developers and others involved in the property sector as to how the process of buying and selling property in England might be speeded up, clarified and made less vulnerable to...
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Read More »
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Is Renting The Best Option?
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17/10/2007
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Housing Crash
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Hits:
2
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Early October saw the publication of a survey that announced renting is now a cheaper option than buying!
The survey looked at rentals from private landlords during 2006 (i.e. not including local authority or housing association tenancies) and found...
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Read More »
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Property Crash Talk On The High Street
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05/10/2007
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Interest Rates
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Hits:
2
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There has been so much media speculation this year about a forthcoming UK property crash that you couldn’t be blamed for switching to a different channel every time a commentator comes on the box.
The Bank of England has, to date, failed to respond to pressure to cut rates and decided at its meeting on 4 October to keep interest rates unchanged at 5.75%. For home owners, the rises that have taken place during 2007 have increased their mortgage repayments dramatically – a good reason, say some experts, to look at cutting interest rates before we reach economic meltdown and the market crashes.
...
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Read More »
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Property Crash Talk On The High Street
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05/10/2007
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House Prices
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Hits:
2
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There has been so much media speculation this year about a forthcoming UK property crash that you couldn’t be blamed for switching to a different channel every time a commentator comes on the box.
The Bank of England has, to date, failed to respond to pressure to cut rates and decided at its meeting on 4 October to keep interest rates unchanged at 5.75%. For home owners, the rises that have taken place during 2007 have increased their mortgage repayments dramatically – a good reason, say some experts, to look at cutting interest rates before we reach economic meltdown and the market crashes.
...
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Read More »
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Property Crash Talk On The High Street
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05/10/2007
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Housing Crash
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Hits:
2
|
There has been so much media speculation this year about a forthcoming UK property crash that you couldn’t be blamed for switching to a different channel every time a commentator comes on the box.
The Bank of England has, to date, failed to respond to pressure to cut rates and decided at its meeting on 4 October to keep interest rates unchanged at 5.75%. For home owners, the rises that have taken place during 2007 have increased their mortgage repayments dramatically – a good reason, say some experts, to look at cutting interest rates before we reach economic meltdown and the market crashes.
...
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Read More »
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Who's Feeling The Pinch?
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20/07/2007
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Mortgages
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Hits:
2
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There has been much in the media about the effect of interest rate increases on mortgages and, combined with ever inflating house prices, the fact that repossession numbers are expected to increase over the coming months.
Commentators and analysts...
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Read More »
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Who's Feeling The Pinch?
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20/07/2007
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Interest Rates
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Hits:
2
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There has been much in the media about the effect of interest rate increases on mortgages and, combined with ever inflating house prices, the fact that repossession numbers are expected to increase over the coming months.
Commentators and analysts...
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Read More »
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Interest Rates Go Up Again
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11/05/2007
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Interest Rates
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Hits:
2
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The Bank of England has just announced a quarter of one per cent rise in interest rates and the mortgage companies look set to follow suit. Bank rates now stand at 5.5%.
Despite having one of the highest rates of interest amongst the prosperous countries...
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Read More »
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Loans of Six Times Salary
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20/04/2007
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Mortgages
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Hits:
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A recent announcement from some of the major mortgage lenders that they are prepared to offer six times salary will surely be copied by the majority of lenders as housing costs become less and less affordable to those with average pay-packets.
Despite...
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Sell House Quick – Housing Market Stifled
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04/01/2011
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Sell Home Fast
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The Royal Institution of Chartered Surveyors conducts a monthly survey to check the health of the residential housing market. For November, the group found that prices fell – much like the month before – along with average sales per surveyor, newly agreed...
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Sell And Rent Back Landlord List
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08/06/2009
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Sell and Rent Back
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News of a "best landlord list" proposal has many UK residents breathing sighs of relief these days. The list will offer more protection to tenants, who are facing increasing problems regarding landlords' properties being repossessed - and ending up homeless.
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