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Jobless Figures Rise
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18/12/2008
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Recession
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Hits:
3
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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:
3
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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:
3
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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:
3
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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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First Quarter Repossession Figures
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16/05/2008
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Debt
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Hits:
3
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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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Sell Home Fast- Student Debts set to Double for 2012
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28/11/2011
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Sell Home Fast
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Hits:
2
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University freshers in 2012 may face double the debt compared to last year. Student debts may rise to £53,000, a rise of 6.4%, even more than inflation, the Push University Guide has revealed. Ministers still say that future students should not be put off by these escalating figures....
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Sell House Fast – UK Economy Suffering
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02/02/2011
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Sell Home Fast
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Hits:
2
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When will the global economic crisis ever end? As the US suffers from record unemployment rates and various EU countries continue to struggle with their own fiscal disasters, recent figures in the UK show that the economy actually shrank in the last three...
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Sell Home Fast – House Prices Fall Again
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23/11/2010
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Sell Home Fast
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Hits:
2
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Official figures released by the government confirm the recent drop in housing prices, with the Department for Communities and Local Government (DCLG) monthly index showing a 0.7% drop in prices during the three months leading to September.
...
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Sell House Quick – More Government Borrowing
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29/10/2010
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Sell Home Fast
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Hits:
2
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New figures released by the Office for National Statistics reveal that government borrowing has increased, with a record £16.2 billion borrowed in September to close the public finances gap. This is the highest recorded borrowing for September, up from £14.8...
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Sell House Fast blow to Mortgage Lending
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26/10/2010
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Sell Home Fast
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Hits:
2
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Data gathered by the Council of Mortgage Lenders (CML) indicates that, while lending picked up some during the spring, it is now stagnating and remains subdued. The September lending total was £12 billion, which is the lowest lending has been in the month...
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Sell and Rent Back – Strike Warnings
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09/07/2010
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Sell and Rent Back
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Hits:
2
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Strikes could be on the horizon as threats of redundancy are on the rise. As part of the coalition’s ongoing effort to handle a record budget deficit, Treasury figures are suggesting that as many as 600,000 public sector jobs could disappear over the coming...
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Sell House Quick – Discount Vouchers
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04/06/2010
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Sell Home Fast
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Hits:
2
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Moneysupermarket.com has released figures showing an increase in the use of discount vouchers. These figures show that Britons have increased their use of discount vouchers by 25% over last year, which brings the use of discount vouchers for goods and services...
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Sell and Rent Back – Energy Bills Arrears
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25/05/2010
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Sell and Rent Back
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Hits:
2
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According to an estimate by uSwitch, UK consumers currently owe approximately £728 million on energy bills. While some figures seem promising, such as the numbers showing that 5.5 million households (21%) are currently in debt to their energy suppliers, compared...
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Sell and Rent Back – Sales Drop
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12/05/2010
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Sell and Rent Back
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Hits:
2
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According to reported figures, UK retail sales dropped significantly in April. These figures, reported by the British Retail Consortium (BRC), indicate that sales were down 0.2% from April of last year, with a like-for-like drop of 2.3%.
...
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Sell Home Fast – 2010 Unemployment Rise
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07/05/2010
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Sell Home Fast
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Hits:
2
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During the three-month period of December to February, UK unemployment increased by 43,000 to 2.5 million. Figures from the Office for National Statistics show that, during this period, both youth and older adults saw a rise in unemployment, with 4,000 additional...
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Sell House Quick – Record High Insolvencies
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18/03/2010
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Sell Home Fast
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Hits:
2
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Throughout 2009, and particularly in the last quarter, the number of residents in England and Wales declared insolvent rose to a record high. Figures released by the Insolvency Service show that 35,574 people were declared insolvent just in the last three...
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Sell Home Fast Mortgage latest
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05/06/2009
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Sell Home Fast
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Hits:
2
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Unfortunately for people who are looking to sell property fast, April's mortgage lending figures are not very encouraging. Indeed, the number of mortgages arranged to sell home fast are no better than they have been recently, despite high hopes they would...
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Sell Home Fast Unemployment misery
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21/05/2009
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Sell Home Fast
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Hits:
2
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News released this month was a further blow for homeowners wanting a fast property sale. National Statistic’s figures show 2.22 million officially unemployed (a rise by 244,000 in the first 3 months of 2009) shrinking the market looking to buy and...
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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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When to buy property in the UK?
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04/03/2009
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Purchasing Property
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Hits:
2
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As the recent property slump has caused havoc among the UK markets, there are people who are gearing up to buy what may be the best time in recent years to cash on an otherwise, the worst of times. Despite the reluctance of home owners to sell their properties...
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Recession - UK Property Sales Crash
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02/03/2009
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Recession
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Hits:
2
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The UK housing market has once again receded to reach the same levels as it stood in February 2006. It is still to be seen if the recent slump in the sales of UK property is just another cycle of recession that goes naturally with any economy or it is a fall...
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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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Bumpy Ride For House Prices
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20/02/2009
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Recession
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Bumpy Ride For House Prices
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20/02/2009
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Mortgages
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Read More »
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Bumpy Ride For House Prices
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20/02/2009
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House Prices
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Read More »
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Bumpy Ride For House Prices
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20/02/2009
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Sell Home Fast
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Read More »
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Debts and Bankruptcies Rise
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04/02/2009
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Debt
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Hits:
2
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Bankruptcies in England and Wales are rising steeply. The most recent figures from the Insolvency Service show an increase in personal bankruptcies of more than 9% during the third quarter of 2008 over the same quarter in the previous year. When business...
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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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Sobering Stats On Unemployment
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21/01/2009
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Repossession
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Hits:
2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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Sobering Stats On Unemployment
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21/01/2009
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Unemployment
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Hits:
2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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Low, Low, Low!
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08/12/2008
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Interest Rates
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Hits:
2
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The Bank of England announced on Thursday 4 December that another one per cent would come off the base rate, bringing rates down to two per cent, the lowest ever in the Bank’s history.
Whilst borrowers will undoubtedly be delighted at this news, savers...
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Low, Low, Low!
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08/12/2008
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Repossession
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Hits:
2
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The Bank of England announced on Thursday 4 December that another one per cent would come off the base rate, bringing rates down to two per cent, the lowest ever in the Bank’s history.
Whilst borrowers will undoubtedly be delighted at this news, savers...
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Read More »
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Mortgages remain in short supply
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14/11/2008
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Recession
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Hits:
2
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The dramatic 1.5% cut to base rates announced by the Bank of England last week has been welcomed by business, industry and homeowners. Yet despite this fall in interest rates and the money that has been pumped into the banking system by the government, there...
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Read More »
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Mortgages remain in short supply
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14/11/2008
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Mortgages
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Hits:
2
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The dramatic 1.5% cut to base rates announced by the Bank of England last week has been welcomed by business, industry and homeowners. Yet despite this fall in interest rates and the money that has been pumped into the banking system by the government, there...
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Read More »
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Mortgages remain in short supply
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14/11/2008
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Repossession
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Hits:
2
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The dramatic 1.5% cut to base rates announced by the Bank of England last week has been welcomed by business, industry and homeowners. Yet despite this fall in interest rates and the money that has been pumped into the banking system by the government, there...
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Repossession. Are you vulnerable?
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11/11/2008
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Sell and Rent Back
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Hits:
2
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In recent times, it seems as though we cannot turn on the news or open a newspaper without being further reminded about the dire situation our country finds itself in.
With the cost of inflation constantly rising, generally at a faster rate than the...
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Repossession. Are you vulnerable?
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11/11/2008
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Repossession
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Hits:
2
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In recent times, it seems as though we cannot turn on the news or open a newspaper without being further reminded about the dire situation our country finds itself in.
With the cost of inflation constantly rising, generally at a faster rate than the...
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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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Unemployment Rise Hits Homeowners
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20/10/2008
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Stop Repossession
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Hits:
2
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Unemployment figures released this week show 1.79 million people out of work in the UK (measured between May and August 2008); the highest number since the 1990s. This figure is expected to increase to 2 million by the end of the year, with many analysts predicting further rises during 2009. ...
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Read More »
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Unemployment Rise Hits Homeowners
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20/10/2008
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Sell and Rent Back
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Hits:
2
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Unemployment figures released this week show 1.79 million people out of work in the UK (measured between May and August 2008); the highest number since the 1990s. This figure is expected to increase to 2 million by the end of the year, with many analysts predicting further rises during 2009. ...
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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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Steep fall in house prices
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02/10/2008
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Housing Crash
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Hits:
2
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Figures just released show that house prices fell at a record level during the past year. From October 2007 prices are down 12.4%, bringing the average house price to around £162,000 and cutting a massive £20,000 off last year’s value.
This is the 11th consecutive month that prices have dropped, with Northern Ireland and East Anglia being particularly hard hit. The only place that has bucked the trend is the city of Durham, where prices have actually shown a slight increase.
...
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Read More »
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Steep fall in house prices
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02/10/2008
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House Prices
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Hits:
2
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Figures just released show that house prices fell at a record level during the past year. From October 2007 prices are down 12.4%, bringing the average house price to around £162,000 and cutting a massive £20,000 off last year’s value.
This is the 11th consecutive month that prices have dropped, with Northern Ireland and East Anglia being particularly hard hit. The only place that has bucked the trend is the city of Durham, where prices have actually shown a slight increase.
...
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Read More »
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Steep fall in house prices
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02/10/2008
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Equity release
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Hits:
2
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Figures just released show that house prices fell at a record level during the past year. From October 2007 prices are down 12.4%, bringing the average house price to around ?162,000 and cutting a massive ?20,000 off last year’s value.
This is the 11th...
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Read More »
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Tackling Rising Bills
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19/09/2008
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Debt
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Hits:
2
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The rate of inflation has risen to 4.7%; new unemployment figures released this week show 5.5% of the working population were without a job during the three months ending July 2008; those claiming Job Seekers’ Allowance have increased, the number of redundancies...
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Read More »
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Tackling Rising Bills
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19/09/2008
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Sell and Rent Back
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Hits:
2
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The rate of inflation has risen to 4.7%; new unemployment figures released this week show 5.5% of the working population were without a job during the three months ending July 2008; those claiming Job Seekers’ Allowance have increased, the number of redundancies...
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Read More »
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Latest Inflation Report
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19/08/2008
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Inflation
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Hits:
2
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The Bank of England released its latest inflation report this week. All eyes were on the Bank’s governor, Mervyn King, as he delivered the bad news that had been anticipated – that inflation is up (currently at 4.4%) and is likely to go up yet further, peaking...
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Read More »
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Latest Inflation Report
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19/08/2008
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Stop Repossession
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Hits:
2
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The Bank of England released its latest inflation report this week. All eyes were on the Bank’s governor, Mervyn King, as he delivered the bad news that had been anticipated – that inflation is up (currently at 4.4%) and is likely to go up yet further, peaking...
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Read More »
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Latest Inflation Report
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19/08/2008
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Sell Home Fast
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Hits:
2
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The Bank of England released its latest inflation report this week. All eyes were on the Bank’s governor, Mervyn King, as he delivered the bad news that had been anticipated – that inflation is up (currently at 4.4%) and is likely to go up yet further, peaking...
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Read More »
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Latest Inflation Report
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19/08/2008
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Sell and Rent Back
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Hits:
2
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The Bank of England released its latest inflation report this week. All eyes were on the Bank’s governor, Mervyn King, as he delivered the bad news that had been anticipated – that inflation is up (currently at 4.4%) and is likely to go up yet further, peaking...
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Read More »
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Mortgage Lending Drops to New Low
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28/07/2008
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Mortgages
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Hits:
2
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Figures released this week show that new mortgage approvals fell in June to a new low. Successful mortgage applications were down a staggering 23 per cent from May according to statistics released by the British Bankers’ Association (BBA), who say this is...
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Read More »
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Mortgage Lending Drops to New Low
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28/07/2008
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Housing Crash
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Hits:
2
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Figures released this week show that new mortgage approvals fell in June to a new low. Successful mortgage applications were down a staggering 23 per cent from May according to statistics released by the British Bankers’ Association (BBA), who say this is...
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Read More »
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Mortgage Arrears Climbing
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27/06/2008
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Mortgages
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Hits:
2
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The number of people who are struggling to meet their mortgage repayments is increasing. In February, the Council of Mortgage Lenders reported that there were 130,000 mortgages that were at least three months in arrears.
The figure for mortgages within...
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Read More »
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Mortgage Arrears Climbing
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27/06/2008
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Interest Rates
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Hits:
2
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The number of people who are struggling to meet their mortgage repayments is increasing. In February, the Council of Mortgage Lenders reported that there were 130,000 mortgages that were at least three months in arrears.
The figure for mortgages within...
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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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Read More »
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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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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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How To Sell Your Home
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27/05/2008
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Sell Home Fast
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Are you reading this article and wishing you were somewhere else? If so, you might be one of the thousands of people who have a ‘For Sale’ board outside their homes. You are desperate to move house but because the property market has slowed almost to a standstill...
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Sobering Stats On Unemployment
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21/01/2008
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Stop Repossession
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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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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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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Interest Rates On Hold
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09/11/2007
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Interest Rates
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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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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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Who's Feeling The Pinch?
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20/07/2007
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Mortgages
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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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Who's Feeling The Pinch?
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20/07/2007
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Interest Rates
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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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Fixed Rate Mortgages Could End in Tears
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08/06/2007
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Mortgages
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The UK’s biggest lender, The Halifax, announced that house prices grew at their slowest pace during May with an increase of just 0.3% from the previous month. The figures for April had shown a growth of 0.9%, so this is a significant drop.
Perhaps the...
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CCJs Double in Three Years
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01/06/2007
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Debt
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Personal debt in the UK is reaching new heights. The first three months of this year saw almost a quarter of a million County Court Judgements (CCJs) issued on unpaid debts such as mortgages and credit cards. Three years ago the number of CCJs stood at approximately...
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Stop Eviction
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11/05/2007
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Interest Rates
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Last week’s rise in interest rates will soon start to impact on mortgage repayments, especially here in the South East and East Anglia where property prices are high.
Some analysts warn that repossession figures could double this year as people are pushed to the brink of financial crisis by increasing repayments. The threat of yet another rise in the Bank of England’s base rate is looming on the horizon, making the situation even more gloomy for anyone who has a mortgage.
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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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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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Housing Crash?
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16/03/2007
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Housing Crash
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This week the financial news has been dominated by talk of a US housing price crash and the difficulty that poses to Americans who have taken out equity against the price of their homes. Not a problem in a market that is rising, but a very different story when property prices are tumbling.
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PERSONAL DEBT DISASTER?
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20/02/2007
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Debt
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Personal debt figures are always hitting the headlines. But what do these figures include and how many people in the UK do they affect?Personal debt can be divided into three basic categories – secured lending (i.e. a mortgage), unsecured consumer lending...
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REPOSSESSIONS ON THE UP
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23/01/2007
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Recession
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According to the Council of Mortgage Lenders, property repossessions are NOT fading into history.
The figures just released tell of a 9% rise in the second half of 2006. In real terms that means 8,860 individuals and families lost their homes and that the...
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Quick House Sale – Sellers Outnumber Buyers
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26/10/2010
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Sell Home Fast
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In recent months, there have been fewer buyers who are interested in purchasing a home and can qualify to do so than there have been sellers putting their properties on the market. This situation of sellers outnumbering buyers has resulted in a drop in housing...
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Sell House Fast – Pension Gaps
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12/03/2010
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Sell Home Fast
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It is well known that pension incomes have been falling; however, many are not aware of the fact that the gap between pension incomes received by men and those received by women is widening even more than in previous years.
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Sell Rent Back Market Economy Frail
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26/10/2009
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Sell and Rent Back
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News that the British Chambers of Commerce (BCC) has expressed skepticism about whether the economy in the UK got out of the recession during the third quarter of 2009 has reignited worries that end is not near yet in terms of financial troubles.
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Sell Home Fast or Sell and Rent Back
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26/06/2009
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Sell and Rent Back
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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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