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Sell and Rent Back – UK Lending Moribund
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02/11/2010
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Sell Home Fast
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Hits:
3
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As building societies and banks continue to severely restrict their lending to potential home buyers and consumers become more focused on not borrowing beyond what they can afford, all sides of lending have become more conservative, causing stagnation in the...
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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:
3
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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 Home Fast Lending Restraints
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02/11/2009
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Sell Home Fast
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3
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Compared with earlier this year, late summer saw a lift in mortgage lending according to the Council of Mortgage Lenders (CML). Gross mortgage lending reached £38.9bn in the third quarter which was an 18% rise on the three prior months. Despite lending being...
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Property Prices and Bank Lending
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10/02/2009
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House Prices
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Hits:
3
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The state of the world’s economy is in crisis and its effects are being felt by the lenders and home owners. The average price of a home in the UK has been falling continuously since the autumn of 2007. Although, the lending institutions are trying their best...
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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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3
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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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Mortgage Lending Drops to New Low
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28/07/2008
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Housing Crash
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Hits:
3
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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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Sell and Rent Back – Loan Shark Warnings
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01/06/2010
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Sell and Rent Back
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2
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New warnings about the dangers of borrowing from loan sharks will soon be disseminated. The Office of Fair Trading and trading standards officers are stepping up a campaign against loan shark lending and will be handing out approximately 200,000 leaflets and...
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Sell Home Fast Mortgage Debt Grows
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14/10/2009
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Sell Home Fast
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2
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Although consumer debt - including debt from credit cards and personal loans - fell by £300m last month, mortgage loan debt increased by £1bn in August. Lending is expected to remain slow due to the weak economy and the lowered ability to lend in general....
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Sell Home Fast Lending Squeeze
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07/10/2009
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Sell Home Fast
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Hits:
2
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A chain reaction of sorts is happening right now in the UK, as building societies who are only able to offer their savers low rates of interest are then inhibited in their ability to lend cash to prospective home buyers.
...
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Sell Home Fast Lender Loans
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22/09/2009
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Sell Home Fast
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2
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Recently, the Council of Mortgage Lenders (CML) announced that since last year, the six top mortgage lending companies dominate the market, accounting for 78% of business; last year, the top six accounted for 72%.
...
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Sell And Rent Back Help Homeowners
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23/06/2009
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Sell and Rent Back
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Hits:
2
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Relaxed lending practices from Building Society has put many people into mortgages that they cannot afford, worsening the property market and causing high numbers of repossessions int he UK. The trouble is so bad that many building societies are themselves...
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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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Interest Rates - A Licence To Print Money?
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06/03/2009
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Repossession
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Hits:
2
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The Bank of England has announced a further reduction in interest rates to 0.5% in an attempt to get the High Street banks lending again and ease the flow of money, especially to businesses.
The Council of Mortgage Lenders is warning that all time low...
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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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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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Housing Prices Crash - The UK Property Market
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25/02/2009
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Housing Crash
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Hits:
2
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The current condition of the UK property market has certainly raised eyebrows among the top industry analysts. After substantiating itself in the preceding years, UK home prices have taken a deep plunge after 2007. The decline has continued unabated for almost...
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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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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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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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Mortgage - Buy To Let Owners In Trouble
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14/01/2009
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Mortgages
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Hits:
2
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Over recent years the buy to let market has been buoyant. People who either had the cash or access to mortgage lending saw property as a failsafe means of making money and a solid long term investment. But as property prices have crashed the buy to let market...
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The Big Spend?
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02/12/2008
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Sell and Rent Back
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Hits:
2
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The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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The Big Spend?
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02/12/2008
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Repossession
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Hits:
2
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The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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When will the fall end?
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19/11/2008
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Recession
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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When will the fall end?
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19/11/2008
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Mortgages
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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When will the fall end?
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19/11/2008
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Interest Rates
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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When will the fall end?
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19/11/2008
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Stop Repossession
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Hits:
2
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It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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Government Intervention - Too Little Too Late?
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09/09/2008
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Mortgages
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Hits:
2
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This week the government has announced a £1bn package of measures designed to help homeowners through the current financial crisis. Whilst everyone must surely welcome this news, the question as to whether it will go any way towards resolving the stagnant...
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Government Intervention - Too Little Too Late?
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09/09/2008
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Debt
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Hits:
2
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This week the government has announced a £1bn package of measures designed to help homeowners through the current financial crisis. Whilst everyone must surely welcome this news, the question as to whether it will go any way towards resolving the stagnant...
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Government Intervention - Too Little Too Late?
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09/09/2008
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Inflation
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Hits:
2
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This week the government has announced a £1bn package of measures designed to help homeowners through the current financial crisis. Whilst everyone must surely welcome this news, the question as to whether it will go any way towards resolving the stagnant...
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Government Intervention - Too Little Too Late?
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09/09/2008
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Repossession
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Hits:
2
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This week the government has announced a £1bn package of measures designed to help homeowners through the current financial crisis. Whilst everyone must surely welcome this news, the question as to whether it will go any way towards resolving the stagnant...
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Government Intervention - Too Little Too Late?
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08/09/2008
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Housing Crash
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Hits:
2
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This week the government has announced a £1bn package of measures designed to help homeowners through the current financial crisis. Whilst everyone must surely welcome this news, the question as to whether it will go any way towards resolving the stagnant...
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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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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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First Quarter Repossession Figures
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16/05/2008
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Debt
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Hits:
2
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Recent repossession statistics show that there is no slow down in the housing crisis.
The current figures must be seen against the backdrop of 2007, which had been forecast to be a bad year by the Council of Mortgage Lenders even before the credit crunch...
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Impossible To Sell?
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04/04/2008
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Sell Home Fast
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Hits:
2
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We reported a couple of weeks ago on ‘A Buyer’s Market’, focusing on a fall in the number of properties sold and the downward trend in the price of housing stock. Since then news for sellers has worsened, with this week several mortgage lenders withdrawing...
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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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Interest Rates On Hold
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09/11/2007
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Interest Rates
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2
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Yesterday the Bank of England chose to leave interest rates unchanged for the fourth consecutive month. The decision came as no surprise, despite the call from leading economists for a reduction in rates to ease the property blues currently gripping the UK’s...
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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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PERSONAL DEBT DISASTER?
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20/02/2007
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Debt
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Hits:
2
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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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Sell home fast lending to home owners
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02/07/2009
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Sell Home Fast
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Hits:
1
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According to Moneyfacts, there has been a large jump in the cost of fixed rate mortgages to brand new borrowers; interest rates for a two-year deal have increased by 0.16% to 4.9%. Five year fixed rate mortgages have gone up by 0.21% to 5.82%....
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