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Jobless Figures Rise 18/12/2008
Recession Hits: 3
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 18/12/2008
Debt Hits: 3
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...
Read More »

Jobless Figures Rise 18/12/2008
House Prices Hits: 3
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. 

...
Read More »

Jobless Figures Rise 18/12/2008
Repossession Hits: 3
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. 

...
Read More »

First Quarter Repossession Figures 16/05/2008
Debt Hits: 3
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...
Read More »

Sell House Fast – UK Property Market Slide Continues 03/05/2012
Sell Home Fast Hits: 2
New figures show that the slide in the UK property market continued in April, with a 0.2% fall, making it four months out of five that house prices have dropped.
Read More »

Sell and Rent Back - Mortgage Fees Rise by 30% in Three Years to £1,500 17/04/2012
Sell and Rent Back Hits: 2
New figures from analysts Moneyfacts have revealed that mortgage fees have rocketed in the three years since the Bank of England base rate dropped to 0.5%.
Read More »

Sell and Rent Back - UK Manufacturing Output Fell in February 10/04/2012
Sell and Rent Back Hits: 2
According to figures from the Office for National Statistics, UK manufacturing output fell by 1% in February, its biggest monthly fall for 10 months, throwing doubt on the country’s economic recovery.
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Sell House Quick – Households Hit by Big Fall in Disposable Income 05/04/2012
Sell Home Fast Hits: 2
Families were hit by a bigger fall in their disposable income in 2011 than in any other year since 1977, new figures from the Office for National Statistics have revealed.
Read More »

Sell and Rent Back - Continued Lack of Activity in Housing Market 03/04/2012
Sell and Rent Back Hits: 2
According to new figures from the Bank of England, housing equity withdrawal remained negative in the last three months of 2011 reflecting the prolonged lack of activity in the housing market.
Read More »

Sell and Rent Back – UK Retail Sales Fell in February 28/03/2012
Sell and Rent Back Hits: 2
Figures from the Office for National Statistics show that UK retail sales for February fell by 0.8%.
Read More »

Sell and Rent Back – Britain’s Rate of Inflation Still Above Government Target 21/03/2012
Sell and Rent Back Hits: 2
New government figures have revealed that Britain’s inflation rate has fallen slightly but remains above the Bank of England’s target rate.
Read More »

Sell House Fast - UK Unemployment Continues to Rise 19/03/2012
Sell Home Fast Hits: 2
According to figures from the Office for National Statistics, UK unemployment rose by 28,000 to 2.67 million during the three months to January, with the unemployment rate at 8.4%.
Read More »

Sell House Fast – Pay Rises Fail to Match Inflation 23/02/2012
Sell Home Fast Hits: 2
Latest figures show that the average pay, rising by 2% a year, is failing to keep pace with inflation.
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Sell and Rent Back – Property Sales in New Year Slump 22/02/2012
Sell and Rent Back Hits: 2
According to figures from HM Revenue and Customs (HMRC) property sales recorded a new year slump in January 2012.
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Sell House Fast – UK Unemployment Continues to Increase 15/02/2012
Sell Home Fast Hits: 2
Official figures from the Office for National Statistics have shown that UK unemployment has risen by 48,000 to 2.67 million in the three months to December.
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Sell House Fast - Bank Lending Fell in 2011 13/02/2012
Sell Home Fast Hits: 2
Total net lending from the five main UK banks fell in each quarter of 2011 according to figures from the Bank of England.
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Sell House Quick – UK Economic Activity Shrinks 06/02/2012
Sell Home Fast Hits: 2

UK economic activity shrank by 0.2% in the last three months of last year according to official figures.

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Sell House Quick – Third of Adults to Cut Spending 30/01/2012
Sell Home Fast Hits: 2
Just days after official figures showed the UK’s unemployment rate had risen to its highest level for 16 years, an increasing number of people in the UK are planning to cut back on their spending this year.
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Sell Home Fast – Mortgage Outlook Remains Gloomy 30/01/2012
Sell Home Fast Hits: 2
Latest figures show that the Eurozone crisis has created uncertainty in the UK mortgage market as UK gross mortgage lending fell in December, down 12% on November.
Read More »

Sell and Rent Back – Unemployment On Downward Spiral 26/01/2012
Sell and Rent Back Hits: 2
Official figures show that the UK unemployment rate has reached just shy of 2.7 million.
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Sell and Rent Back: Pension deficits soar to sky high level of £222bn 19/12/2011
Sell and Rent Back Hits: 2
The total deficit of final-salary private sector pension schemes soared to a record high of £222bn last month. The Pension Protection Fund (PPF), which compiled the figures, claimed the deficit rose by £64bn from the end of September. It said that although...
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Sell House Quick: Record High Youths out of Education and Work in UK 09/12/2011
Sell Home Fast Hits: 2
The number of young people not in education, training or work has risen to a record level in England.  Official figures for the third quarter of this year say there were 1,163,000 people aged from 16 to 24 not in education, employment or training. That is...
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Sell Home Fast- Student Debts set to Double for 2012 28/11/2011
Sell Home Fast Hits: 2
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 and Rent Back- Rising Poverty Set to Increase 28/11/2011
Sell and Rent Back Hits: 2
UK’s poverty is set to increase further, the Institute for Fiscal Studies (IFS) has stated. It showed that over 2 million children and 2 million adult’s in2009/2010 were living in terrible poverty. Figures are set to rise by 600,000 children and 800,000 adults...
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Sell Home Quick - Pension Schemes Deteriorated 07/09/2011
Sell Home Fast Hits: 2

Figures from the Pension Protection Fund reported the deterioration of UK pension schemes in July 2011.

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Sell and Rent Back – Fuel Poverty Hits Households 23/08/2011
Sell and Rent Back Hits: 2

Government figures show that more than one-fifth of UK households experienced fuel poverty in 2009.

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Sell and Rent Back – Annual Savings Down 16/08/2011
Sell and Rent Back Hits: 2

Figures suggest that some UK residents are saving less these days, due to increased outgoings, such as higher household bills.

Read More »

Homebuyers – UK Retail Sales Drop in May 23/06/2011
Sell Home Fast Hits: 2

Recent figures have shown that UK retail sales fell 1.4% in May.

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Sell Home Fast – Money Problems linked to Depression 07/04/2011
Sell Home Fast Hits: 2

Recent figures suggest that economic problems may be leading to a rise in depression in England.

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Sell House Fast - New Car Sales Fallen 06/04/2011
Sell Home Fast Hits: 2

According to new figures from industry body SMMT, sales of the new 11-plate cars were down in March in comparison to the same month last year

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Sell and Rent Back - Consumer Borrowing on the Rise 04/04/2011
Sell and Rent Back Hits: 2

Recent figures show that consumers got a bit bolder in terms of unsecured borrowing and mortgages in the month of February.

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Sell House Fast –UK GDP Down 25/02/2011
Sell Home Fast Hits: 2

The UK economy shrank by more than previously thought during the last three months of 2010, revised figures show.

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Sell and Rent Back – UK Property Market Subdued 23/02/2011
Sell and Rent Back Hits: 2

Figures from the British Bankers' Association indicate that the stagnation in the UK property market is continuing.

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Sell Home Quick – Contraction in UK Economy 15/02/2011
Sell Home Fast Hits: 2

According to recently released figures, the UK GDP shrank 0.5% in the last three months of 2010, partially due to the significant economic impact of  December’s freezing weather.

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Sell Home Fast – UK Inflation Rising 03/02/2011
Sell Home Fast Hits: 2

The economic situation in the UK remains grim. Recent unemployment figures show that joblessness continues to hover around 8%, jumping to 20% for 16 – 24 year-olds

Read More »

Sell and Rent Back – Debt Divides 03/02/2011
Sell and Rent Back Hits: 2

Figures show that bankruptcies among men are on the rise at a higher rate than those among women; however, men seek help with their debts less often.

Read More »

Sell House Fast – UK Economy Suffering 02/02/2011
Sell Home Fast Hits: 2
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 and Rent Back – UK Unemployment Rises 02/02/2011
Sell and Rent Back Hits: 2
According to figures released by the Office for National Statistics (ONS), unemployment in the UK increased by 49,000 in the three-month period culminating at the end of November, which brought the total figure to nearly 2.5 million.

...
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Sell and Rent Back – Mortgage Lending 9-Year Low 28/01/2011
Sell and Rent Back Hits: 2

Figures show that 2010 saw UK mortgage lending fall to the lowest level in nine years.

Read More »

Sell and Rent Back – Retirement Savers Decline 17/12/2010
Sell and Rent Back Hits: 2
A recent report notes that starting early is the best choice when it comes to saving for retirement; however, figures show that young adults in the UK could be facing poverty when they reach retirement, due to many of them not setting aside enough in savings....
Read More »

Sell and Rent Back – Rail Travellers Face Increases 30/11/2010
Sell and Rent Back Hits: 2

Rail industry figures show that travellers will see an increase in rail fares in 2011. The average fare increase will be 6.2%, with some fares increasing by as much as 10.8%.

Read More »

Sell Home Quick – Tough Mortgage Lending Ahead 29/11/2010
Sell Home Fast Hits: 2
Recent figures show that new mortgages were at a decade low last month at just £12.4bn. According to Simon Gompertz, BBC personal finance correspondent, mortgage lending is now at just a third of the level it was at three years ago.

...
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Sell Home Fast – House Prices Fall Again 23/11/2010
Sell Home Fast Hits: 2
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 and Rent Back – Interest Rate Remains Low 17/11/2010
Sell and Rent Back Hits: 2
Promising figures from the manufacturing sector and a better-than-expected increase of 0.8% in the gross domestic product (GDP) in the third quarter are two examples of how the economy has shown some growth.

...
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Sell and Rent Back – Loan Repayment Trends 12/11/2010
Sell and Rent Back Hits: 2
According to recent figures, the number of homeowners in arrears at relatively low levels (behind by 1.5% to 2.5% of the outstanding amount) increased by 100 in October, bringing the number to 83,300.

...
Read More »

Sell Home Fast – VAT Rise Causes Job Losses 10/11/2010
Sell Home Fast Hits: 2
Figures released by the Chartered Institute of Personnel and Development (CIPD) show a much higher number of job cuts as a result of the rising VAT and government spending cuts than previously estimated.

...
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Sell House Quick – More Government Borrowing 03/11/2010
Sell Home Fast Hits: 2

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.

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Sell House Quick – More Government Borrowing 29/10/2010
Sell Home Fast Hits: 2
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...
Read More »

Sell House Fast blow to Mortgage Lending 26/10/2010
Sell Home Fast Hits: 2
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 Home Quick – First-time Buyers Loans Drop 21/10/2010
Sell Home Fast Hits: 2

Figures showing August mortgage activity have been released and show that lending was down 5% from July and down 3% from August 2009 in regards to loans granted to first-time homebuyers.

Read More »

Sell Home Fast – Mortgage Lending Dropped Again 27/09/2010
Sell Home Fast Hits: 2

Mortgage lending in the UK has dropped for the third consecutive month with new figures underlining just how subdued the property market is.

Read More »

Sell House Quick – Mortgage Lending Drop 03/08/2010
Sell Home Fast Hits: 2

According to figures released by the British Banker’s Association (BBA), the total number of home mortgages approved in June had dropped from the month before to 34,813.

Read More »

Sell House Fast – High Living Costs 28/07/2010
Sell Home Fast Hits: 2

The Joseph Rowntree Foundation (JRF) has released figures regarding the minimum income needed to have an acceptable standard of living in the UK.

Read More »

Sell and Rent Back – Shocking Borrowing 27/07/2010
Sell and Rent Back Hits: 2

Official figures show that new public sector borrowing in the month of June was higher than expected.

Read More »

Sell House Fast – Rising Bankruptcies 19/07/2010
Sell Home Fast Hits: 2

Bankruptcies in the UK are on the rise, with figures showing a distinct increase in the first quarter of this year in the number of residents of England and Wales trying to be declared bankrupt.

Read More »

Sell and Rent Back – Strike Warnings 09/07/2010
Sell and Rent Back Hits: 2
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 Fast – House Prices Inflation 21/06/2010
Sell Home Fast Hits: 2

Figures reported by the Land Registry show that house prices in Wales and England continue to steadily increase.

Read More »

Sell House Quick – Discount Vouchers 04/06/2010
Sell Home Fast Hits: 2
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...
Read More »

Sell Home Quick – Personal Finances Pressure 02/06/2010
Sell Home Fast Hits: 2

According to figures released by HM Revenue & Customs (HMRC), the amount paid into stakeholder and personal pension plans dropped by £1.1 billion (5%) during the recent recession.

Read More »

Sell and Rent Back – Energy Bills Arrears 25/05/2010
Sell and Rent Back Hits: 2
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...
Read More »

Sell and Rent Back – Sales Drop 12/05/2010
Sell and Rent Back Hits: 2
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 House Fast – UK Inflation Rises 10/05/2010
Sell Home Fast Hits: 2

Official figures show a significant increase in UK inflation in March 2010. In the previous month, the rate of inflation was at 3%, sharply rising to 3.4% in March.

Read More »

Sell Home Fast – 2010 Unemployment Rise 07/05/2010
Sell Home Fast Hits: 2
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...
Read More »

Sell House Quick – Record High Insolvencies 18/03/2010
Sell Home Fast Hits: 2
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...
Read More »

Sell House Fast – Unemployment Rises 24/02/2010
Sell Home Fast Hits: 2

It will likely come as no surprise that long time unemployment figures, which includes those who have been out of work for at least one year, are now the highest they have been since 1997.

Read More »

Sell House Quick Unemployment Figures 07/01/2010
Sell Home Fast Hits: 2
Between the months of August and October 2009, the number of unemployed people in the UK rose 21,000, bringing the overall unemployment figure to 2.49 million, which is an unemployment rate of 7.9%.

...
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Sell House Fast Expensive Petrol 30/12/2009
Sell Home Fast Hits: 2

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

Read More »

Sell and Rent back debt figures 03/08/2009
Sell and Rent Back Hits: 2
With recent news that the UK government's debt has reached £799bn - or approximately 56.6% of UK GDP. Additionally, new borrowing was £13bn in June - double what it was a year ago.

...
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Sell Home Fast Mortgage latest 05/06/2009
Sell Home Fast Hits: 2
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...
Read More »

Sell Home Fast Unemployment misery 21/05/2009
Sell Home Fast Hits: 2
 

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...
Read More »

More homeowners unable to Sell home fast 18/04/2009
Sell Home Fast Hits: 2

New blow for those wanting a fast property sale with latest negative equity figures announced.

Read More »

Recession - Keeping The Pound In Your Pocket 18/03/2009
Unemployment Hits: 2
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...
Read More »

When to buy property in the UK? 04/03/2009
Purchasing Property Hits: 2
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 02/03/2009
Recession Hits: 2
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...
Read More »

UK Property Prices 27/02/2009
Housing Crash Hits: 2
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? 27/02/2009
Housing Crash Hits: 2
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.  ...
Read More »

Bumpy Ride For House Prices 20/02/2009
Recession Hits: 2
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...
Read More »

Bumpy Ride For House Prices 20/02/2009
Mortgages Hits: 2
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...
Read More »

Bumpy Ride For House Prices 20/02/2009
House Prices Hits: 2
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...
Read More »

Bumpy Ride For House Prices 20/02/2009
Sell Home Fast Hits: 2
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...
Read More »

Debts and Bankruptcies Rise 04/02/2009
Debt Hits: 2
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...
Read More »

House Prices Continue Downward 29/01/2009
Recession Hits: 2
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...
Read More »

House Prices Continue Downward 29/01/2009
House Prices Hits: 2
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...
Read More »

Sobering Stats On Unemployment 21/01/2009
Repossession Hits: 2
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...
Read More »

Sobering Stats On Unemployment 21/01/2009
Unemployment Hits: 2
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...
Read More »

Low, Low, Low! 08/12/2008
Interest Rates Hits: 2
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! 08/12/2008
Repossession Hits: 2
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...
Read More »

Mortgages remain in short supply 14/11/2008
Recession Hits: 2
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...
Read More »

Mortgages remain in short supply 14/11/2008
Mortgages Hits: 2
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...
Read More »

Mortgages remain in short supply 14/11/2008
Repossession Hits: 2
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...
Read More »

Repossession. Are you vulnerable? 11/11/2008
Sell and Rent Back Hits: 2
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? 11/11/2008
Repossession Hits: 2
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...
Read More »

Dramatic Bank Rate Cut 07/11/2008
Interest Rates Hits: 2
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....
Read More »

Dramatic Bank Rate Cut 07/11/2008
Stop Repossession Hits: 2
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....
Read More »

Unemployment Rise Hits Homeowners 20/10/2008
Stop Repossession Hits: 2
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.  ...
Read More »

Unemployment Rise Hits Homeowners 20/10/2008
Sell and Rent Back Hits: 2
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.  ...
Read More »

Dramatic Bank Rate Cut 07/10/2008
Recession Hits: 2
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....
Read More »

Steep fall in house prices 02/10/2008
Housing Crash Hits: 2
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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Steep fall in house prices 02/10/2008
House Prices Hits: 2
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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Steep fall in house prices 02/10/2008
Equity release Hits: 2
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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Tackling Rising Bills 19/09/2008
Debt Hits: 2
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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Tackling Rising Bills 19/09/2008
Sell and Rent Back Hits: 2
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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Struggling home-owners should sell equity to avoid repossession, say Lib Dems 03/09/2008
Inflation Hits: 2
Homeowners struggling to pay their mortgages should be able to sell part of the equity in their homes to avoid repossession, the Liberal Democrats have said.

James Kirkup, Political Correspondent, The Guardian

The equity sale scheme is part of...
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Struggling home-owners should sell equity to avoid repossession, say Lib Dems 03/09/2008
Housing Crash Hits: 2
Homeowners struggling to pay their mortgages should be able to sell part of the equity in their homes to avoid repossession, the Liberal Democrats have said.

James Kirkup, Political Correspondent, The Guardian

The equity sale scheme is part of...
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Struggling home-owners should sell equity to avoid repossession, say Lib Dems 03/09/2008
Equity release Hits: 2
Homeowners struggling to pay their mortgages should be able to sell part of the equity in their homes to avoid repossession, the Liberal Democrats have said.

James Kirkup, Political Correspondent, The Guardian

The equity sale scheme is part of a...
Read More »

Struggling home-owners should sell equity to avoid repossession, say Lib Dems 03/09/2008
Stop Repossession Hits: 2
Homeowners struggling to pay their mortgages should be able to sell part of the equity in their homes to avoid repossession, the Liberal Democrats have said.

James Kirkup, Political Correspondent, The Guardian

The equity sale scheme is part of...
Read More »

Struggling home-owners should sell equity to avoid repossession, say Lib Dems 03/09/2008
Sell and Rent Back Hits: 2
Homeowners struggling to pay their mortgages should be able to sell part of the equity in their homes to avoid repossession, the Liberal Democrats have said.

James Kirkup, Political Correspondent, The Guardian

The equity sale scheme is part of...
Read More »

Latest Inflation Report 19/08/2008
Inflation Hits: 2
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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Latest Inflation Report 19/08/2008
Stop Repossession Hits: 2
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...
Read More »

Latest Inflation Report 19/08/2008
Sell Home Fast Hits: 2
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...
Read More »

Latest Inflation Report 19/08/2008
Sell and Rent Back Hits: 2
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...
Read More »

Mortgage Lending Drops to New Low 28/07/2008
Mortgages Hits: 2
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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Mortgage Lending Drops to New Low 28/07/2008
Housing Crash Hits: 2
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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Mortgage Arrears Climbing 27/06/2008
Mortgages Hits: 2
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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Mortgage Arrears Climbing 27/06/2008
Interest Rates Hits: 2
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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Biggest Threat in 20 Years 23/06/2008
Interest Rates Hits: 2
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 23/06/2008
Stop Repossession Hits: 2
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...
Read More »

Another Hold On Interest Rates 06/06/2008
Debt Hits: 2
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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Another Hold On Interest Rates 06/06/2008
Interest Rates Hits: 2
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 27/05/2008
Sell Home Fast Hits: 2
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 21/01/2008
Stop Repossession Hits: 2
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 16/11/2007
House Prices Hits: 2
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 09/11/2007
Interest Rates Hits: 2
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? 02/11/2007
Interest Rates Hits: 2
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? 20/07/2007
Mortgages Hits: 2
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? 20/07/2007
Interest Rates Hits: 2
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 08/06/2007
Mortgages Hits: 2
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 01/06/2007
Debt Hits: 2
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 11/05/2007
Interest Rates Hits: 2
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 20/04/2007
Mortgages Hits: 2
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? 16/03/2007
Housing Crash Hits: 2
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? 20/02/2007
Debt Hits: 2
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 23/01/2007
Recession Hits: 2
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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Sell and Rent Back – UK Economy Expected to Flatline for Another 6 Months 11/05/2012
Sell and Rent Back Hits: 1
According to a new report by the National Institute of Economic Research (NIESR) the British economy is expected to flatline for at least another six months.
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Sell House Fast - UK Economy in Double-Dip Recession 26/04/2012
Sell Home Fast Hits: 1
The UK economy has shrunk by 0.2% in the first three months of 2012 meaning a return to recession.
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Sell and Rent Back - Mortgage Rate for New Borrowers Continue to Rise 23/04/2012
Sell and Rent Back Hits: 1
At least 10 lenders, including some of the UK’s biggest, have announced rate rises in the past week for borrowers taking out new deals.
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Sell House Fast - Shop Failures Cost 10,000 Jobs in First Quarter of 2012 11/04/2012
Sell Home Fast Hits: 1
The number of retailers entering administration in England and Wales in the first quarter of 2012 is up 15% compared to the first quarter of 2011.
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Sell House Fast - Worried Consumers Decrease Borrowing 28/03/2012
Sell Home Fast Hits: 1
New borrowing is being outstripped by repayments on credit cards, loans and overdrafts by £305m in February.
Read More »

Sell House Fast - Britain’s Service Sector Weakens 29/02/2012
Sell Home Fast Hits: 1
According to the most recent report from the CBI, Britain’s service sector has weakened in the last quarter, covering the three months to the end of January.
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Sell and Rent Back - More Staff Working Unpaid Overtime 27/02/2012
Sell and Rent Back Hits: 1
The TUC has reported that compared to 10 years ago, a quarter of a million more people aged in their late 50s and early 60s are now working unpaid overtime.
Read More »

Sell House Quick - Shoppers Stay Away from High Street 20/02/2012
Sell Home Fast Hits: 1
According to a report by the British Retail Consortium the situation on UK High Streets remains bleak as customer numbers fall.
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Sell and Rent Back – Rise in Empty Shops in 2012 09/02/2012
Sell and Rent Back Hits: 1
UK High Streets are set to suffer a further blow with the number of empty shops set to rise in 2012 according to a new report.
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Sell and Rent Back – More Job Cuts Announced 06/02/2012
Sell and Rent Back Hits: 1
Drugs company AstraZeneca has just announced plans to cut another 7,300 jobs over the next two years.  The cuts come on top of 21,600 jobs axed since 2007. 

 

 

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Sell House Fast – UK industrial output falls 06/02/2012
Sell Home Fast Hits: 1
Concerns of a wider recession in the UK economy increased as the Office of National Statistics announced a sharp fall in UK industrial output in November 2011.
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Sell Home Fast - Active Pension Savings Halved 17/09/2011
Sell Home Fast Hits: 1

Since 1991, the amount of consumers actively saving in corporate pension schemes within the UK's private sector has been halved.

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Sell House Fast - Private/Public Gap Widens 08/09/2011
Sell Home Fast Hits: 1

Average pay gaps between employees in the private sector and those of the public sector have widely increased a great deal.

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Sell and Rent Back - Pay Freezes Continue 07/09/2011
Sell and Rent Back Hits: 1

Average pay settlements are around 2.5% during July and because of this many consumers have to endure cut backs in their outgoings and struggle to pay off personal loans and mortgages.

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Sell House Quick – More Home Repossessions 31/08/2011
Sell Home Fast Hits: 1

It is predicted by the CML that 40,000 people will lose their homes this year.

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Sell House Quick - Mortgage Lending Still Subdued 26/08/2011
Sell Home Fast Hits: 1

In June, mortgage lending has increased, but the market is still subdued.

Read More »

Sell Home Quick – Sky High Inflation Figures 23/08/2011
Sell Home Fast Hits: 1

New data shows that UK Consumer Prices Index inflation remained unchanged in May, holding steady at 4.5%.

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Sell and Rent Back – Property Sales ‘Sluggish’ 18/08/2011
Sell and Rent Back Hits: 1

So far in 2011, 382,000 UK homes have sold, which is down from 407,000 homes sold in the first six months of 2010.

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Sell House Quick – Cash Buyers Drive Housing Market 05/05/2011
Sell Home Fast Hits: 1

There has been a huge rise in the number of home buyers paying for their new homes in cash.

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Sell House Quick – UK Retail Sales Suffer Worst Fall 12/04/2011
Sell Home Fast Hits: 1

The British Retail Consortium (BRC) has recorded its worst fall in sales since records began in 1996, which is a further signal of difficult times on the High Street.

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Sell and Rent Back – Inflation 4% Higher than Recorded 04/03/2011
Sell and Rent Back Hits: 1

For twelve years, the Office for National Statistics (ONS) has got the inflation numbers wrong.

Read More »

Sell and Rent Back – Bank Mortgage Approvals Drop 10% 27/01/2011
Sell and Rent Back Hits: 1

The number of mortgages approved for house buyers by the UK's main banks fell by 10% in 2010.

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Sell Home Quick – Declining Incomes and Pay Freezes 19/01/2011
Sell Home Fast Hits: 1

Research conducted by Incomes Data Services (IDS) suggests that a majority of workers in the UK are facing a real possibility of declining incomes in 2011.

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Sell House Quick – Unemployment Increases 22/12/2010
Sell Home Fast Hits: 1

Unemployment is on the rise in the UK once again, reaching 2.5 million (7.9%) in October. This resulted from an increase of 35,000 during the previous three months.

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Sell Home Quick – Squeezing Household Budgets 07/12/2010
Sell Home Fast Hits: 1
Many UK residents are using the money they have in savings to pay off debts or supplement their income as the employment market continues to struggle and consumer price inflation continues to outpace growth in earning averages.

...
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Sell House Quick – Mortgage Approvals Still Falling 06/12/2010
Sell Home Fast Hits: 1

Hometrack, a property website, has stated that homes for sale are spending an average of almost 10 weeks on the market, which is the longest for the past 17 months.

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Sell House Quick – Weak Borrowing Trend 19/11/2010
Sell Home Fast Hits: 1

The month of September saw a continuing weak appetite among consumers when it came to borrowing.

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Sell and Rent Back – Negative Lending Forecast 02/11/2010
Sell and Rent Back Hits: 1

Aside from drops in overall lending, there has also been a drop in recent months in new mortgages that are approved but have not yet been lent.

Read More »

Sell and Rent Back – Reverse Trend Seen in Debt 01/11/2010
Sell and Rent Back Hits: 1

According to the Bank of England, UK consumers paid back more unsecured debt than they borrowed in the month of August

Read More »

Quick House Sale – Sellers Outnumber Buyers 26/10/2010
Sell Home Fast Hits: 1
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 Quick – Job Market Slows Down 13/10/2010
Sell Home Fast Hits: 1

A recent survey of recruitment firms conducted by the Recruitment and Employment Confederation (REC) suggests that the UK employment market continues to weaken.

Read More »

Sell Home Quick – Mortgage Lending Remains Tight 23/09/2010
Sell Home Fast Hits: 1

the month of July, first-time home buyers found their share of the mortgage market at the lowest level seen in three years.

Read More »

Sell House Fast –Fraudulent Insurance Claims 10/08/2010
Sell Home Fast Hits: 1

According to insurance companies, the UK saw a significant increase in the number of fraudulent claims in 2009, resulting in a record high.

Read More »

Sell House Fast – State Pension Reliance 12/07/2010
Sell Home Fast Hits: 1

According to official statistics, one third of pensioners in the UK rely entirely on the state for their income during their retirement.

Read More »

Sell House Quick – UK’s Trade Deficit 01/07/2010
Sell Home Fast Hits: 1

The volcanic eruption in Iceland had a larger effect than simply annoying travelers when flights in the UK were grounded for approximately six days.

Read More »

Sell Home Quick – High Energy Bills 23/06/2010
Sell Home Fast Hits: 1

The UK experienced rather cold weather during the months of December and January, which brought the issue of high energy bills back to our attention.

Read More »

Sell House Quick – Mortgage Lending Drops 10/06/2010
Sell Home Fast Hits: 1
Home sales and mortgage lending both experienced a drop in April 2010. The Council of Mortgage Lenders (CML) reported that lending to home buyers, as well as other borrowers, totaled £10.2 billion.

...
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Sell and Rent Back – Unemployment Rate Peaks 08/06/2010
Sell and Rent Back Hits: 1

During the first three months of 2010, unemployment in the UK increased by 53,000; bringing the total to 2.51 million.

Read More »

Sell House Fast – Savings Decreased 07/06/2010
Sell Home Fast Hits: 1

According to a savings survey conducted by the NS&I, UK residents are putting less money in savings, resulting in a decrease in savings that is the lowest it has been in over two years.

Read More »

Sell and Rent Back – Job Stats latest 03/06/2010
Sell and Rent Back Hits: 1

The latest job stats show that the rate of unemployment is still on the rise, as well as the number of people who are registered as economically inactive.

Read More »

Sell and Rent Back – Rising Household Debts 24/05/2010
Sell and Rent Back Hits: 1
Household debts are on the rise in the UK, partially due to many families relying on credit cards and loans to make ends meet during the recent recession and continuing to do so during the slow recovery the economy is now experiencing.

...
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Sell and Rent Back – Subdued Mortgage Lending 24/03/2010
Sell and Rent Back Hits: 1
According to the British Bankers’ Association (BBA), the rush of buyers trying to beat the end of the stamp duty holiday was at least partly responsible for the continued depression of the mortgage market in February.

...
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Sell Home Fast – Recession Comparison 22/03/2010
Sell Home Fast Hits: 1

It is no secret that personal debt has been steadily increasing for over a decade and that the number of people going bankrupt or being declared insolvent has risen alongside it.

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Sell House Fast – Pension Gaps 12/03/2010
Sell Home Fast Hits: 1
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 Home Quick – Debts Write-Offs 05/03/2010
Sell Home Fast Hits: 1
As yet another indicator of tough financial times, according to the Bank of England, there has been a significant rise in the amount being written off by banks as bad debts on credit cards and unsecured loans.

...
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Sell Rent Back Market Economy Frail 26/10/2009
Sell and Rent Back Hits: 1
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 26/06/2009
Sell and Rent Back Hits: 1
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....
Read More »

Sell Home Fast despair hits construction industry 22/06/2009
Sell Home Fast Hits: 1
People looking to sell homes fast aren't the only ones taking a hit in this current economy. Despite its initial estimate of a construction industry slowdown of about 2.4%, construction output in the UK has fallen by an incredible 9% during the first quarter,...
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