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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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Purchasing Property Overseas
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18/02/2009
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Purchasing Property
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Hits:
2
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Many expatriates are purchasing property overseas instead of on their native soil. Whether the properties are being purchased as an investment or as a home, there are many benefits and deterrents surrounding the subject of purchasing property overseas. Let...
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Purchasing Property Overseas
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18/02/2009
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House Prices
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Hits:
2
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Many expatriates are purchasing property overseas instead of on their native soil. Whether the properties are being purchased as an investment or as a home, there are many benefits and deterrents surrounding the subject of purchasing property overseas. Let...
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Buying Property in the UK
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12/02/2009
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Home Information Packs
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Hits:
2
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In spite of the current turmoil in property markets all the world, the UK property market still remains one of the most buoyant property markets in the world. This could, at least in part, be attributed to the introduction of home information packs sometimes...
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Unemployment Total Close To 2 Million
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12/02/2009
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Unemployment
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2
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The total of people out of work in the UK is now close to 2 million and rising steeply; the Bank of England warns that the recession is likely to be longer and deeper than previously anticipated, and that no matter what actions the government takes the overall...
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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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Recession - The Big Freeze!
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08/01/2009
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Recession
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Hits:
2
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Happy New Year from everyone at Property Rescue. We wish you a successful year but remind you that we are here to help should you find yourself in financial difficulties and need to sell your home fast.
As we start 2009 the financial climate is very similar...
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Recession - The Big Freeze!
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08/01/2009
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House Prices
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Hits:
2
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Happy New Year from everyone at Property Rescue. We wish you a successful year but remind you that we are here to help should you find yourself in financial difficulties and need to sell your home fast.
As we start 2009 the financial climate is very similar...
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Read More »
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Paying for Christmas
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12/12/2008
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Stop Repossession
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Paying for Christmas
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12/12/2008
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Sell Home Fast
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Paying for Christmas
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12/12/2008
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Sell and Rent Back
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Hits:
2
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It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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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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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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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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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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The Divorce Trap
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18/09/2008
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Housing Crash
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Hits:
2
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A rather surprising side effect of the current economic slowdown is that the numbers of couples getting divorced has dropped by about 3%. It seems that people who would like to sell the family home and move on to a new life find they can’t sell and therefore...
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The Divorce Trap
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18/09/2008
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House Prices
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Hits:
2
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A rather surprising side effect of the current economic slowdown is that the numbers of couples getting divorced has dropped by about 3%. It seems that people who would like to sell the family home and move on to a new life find they can’t sell and therefore...
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Read More »
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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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The Divorce Trap
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18/08/2008
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Sell Home Fast
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Hits:
2
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A rather surprising side effect of the current economic slowdown is that the numbers of couples getting divorced has dropped by about 3%. It seems that people who would like to sell the family home and move on to a new life find they can’t sell and therefore...
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Read More »
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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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Avoid Repossession
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28/07/2008
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Debt
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Hits:
2
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To have your home repossessed is one of the most stressful things that can happen to a family, putting adults and children alike under enormous pressure. The financial impact is often severe and long lasting, affecting individuals' ability to obtain loans,...
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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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Biggest Threat in 20 Years
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23/06/2008
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Interest Rates
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Hits:
2
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Those were the words of Mervyn King, the Governor of the Bank of England, during his speech to Bankers in the City on Wednesday. The picture painted by Mr King was dire, but however we like to look at it, the changing economic landscape means we’ll all have...
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Biggest Threat in 20 Years
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23/06/2008
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Stop Repossession
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Hits:
2
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Those were the words of Mervyn King, the Governor of the Bank of England, during his speech to Bankers in the City on Wednesday. The picture painted by Mr King was dire, but however we like to look at it, the changing economic landscape means we’ll all have...
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Read More »
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How To Sell Your Home
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27/05/2008
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Sell Home Fast
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Hits:
2
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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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House prices continue to slide
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01/05/2008
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Mortgages
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Hits:
2
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House prices have now been falling steadily for more than six months, according to statistics published this week. In April, prices were more than one per cent down, bringing the average UK house price to approximately £178,500.
There is a mixed reaction...
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Turn The Dream Home into Reality
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16/04/2008
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Sell Home Fast
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Hits:
2
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Getting on the housing ladder is like beginning a journey on which you are not quite sure of the destination. Initially, the object of the exercise is to have somewhere to call your own and, perhaps, to start married life or a long term relationship with the person you love. If the rose-coloured spectacles of love are really working, you might not be too particular about where or what that home turns out to be – so long as it’s yours it is sure to be your castle!
...
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Moving Home and Cutting Costs
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11/04/2008
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Mortgages
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Hits:
2
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Interest rates have seen a further cut today with the announcement by the Bank of England that the base rate will be lowered to 5%. But the recent series of cuts is not filtering through to the mortgage market, where loans are in short supply.
If you...
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Read More »
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Moving Home and Cutting Costs
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11/04/2008
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Interest Rates
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Hits:
2
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Interest rates have seen a further cut today with the announcement by the Bank of England that the base rate will be lowered to 5%. But the recent series of cuts is not filtering through to the mortgage market, where loans are in short supply.
If you...
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Read More »
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Property Market Round Up
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02/01/2008
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Home Information Packs
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Hits:
2
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As we approach the end of the year it is a good time to look back at the property market during 2007 and look at the current situation.
The year began with what had become a familiar trend of rising prices, which, it seemed, would go on for ever. But...
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Property Market Round Up
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02/01/2008
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Equity release
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Hits:
2
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As we approach the end of the year it is a good time to look back at the property market during 2007 and look at the current situation.
The year began with what had become a familiar trend of rising prices, which, it seemed, would go on for ever. But...
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Read More »
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Struggling To Sell Your Property?
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02/11/2007
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Interest Rates
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Hits:
2
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This week figures have been announced that show the first drop in house prices for two years. Is this the start of a real slow down and is the housing market in crisis?
Northern Rock’s recent difficulties have shaken the market considerably, showing...
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The Cost of Bad Debts
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25/07/2007
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Repossession
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Hits:
2
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We’ve all heard the regulatory statement that by law has to be read out at the end of commercials or added to newspapers ads….”your home may be at risk if you do not keep up repayments on your mortgage or other loans secured upon it”.
It’s pretty obvious...
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Mortgage Rates? Peaked or Still to Rise?
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15/06/2007
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Interest Rates
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Hits:
2
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At its last review the Bank of England decided to keep interest rates where they were, but does this mean we are at the top of the rate rise or do we still have some way to go?
Recent rate rises have been small but consistent and financial commentators...
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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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Hits:
2
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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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Hits:
2
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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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Eviction? It Doesn't Have to Happen toYou!
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25/05/2007
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Repossession
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Hits:
2
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Repossession Orders rose by almost 30% last year. That’s a massive increase in people who have come under threat of losing their homes because they have been unable to meet their mortgage repayments.
As the average house price increases so too does the average home loan. New loans are being made at many multiples of salary, far in excess of what lenders were prepared to offer a few years ago. Added to the recent interest rate rises and the possibility of more rises on the horizon, it is hard to see how home-owners already on the brink of financial viability will be able to remain solvent.
...
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More Than a Financial Matter
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11/04/2007
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Repossession
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Hits:
2
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When a family is facing the possibility of having their home repossessed the focus is very much on how they will survive the financial impact and get themselves back on the road to economic stability. It’s clear that such a period of stress will affect every...
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Sell Home Fast – Insufficient Medical Cover
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27/07/2010
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Sell Home Fast
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Hits:
1
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The most recent British Behavior Abroad annual report, which is based on cases reported to the staff of the Foreign Office between April 2009 and March 2010, shows that elderly Britons traveling abroad often face costly bills for medical treatment and repatriation...
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