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Sell Rent Back Lettings
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15/09/2009
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Sell and Rent Back
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Hits:
3
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When the Property Ombudsman announced that there had been a 200% rise in complaints to properties via letting agents in 2008, the numbers were shocking enough. Incredibly, in 2009 the number of complaints has jumped up by another 26%.
...
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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:
3
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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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Sell Home Quick – Government Scheme Scrapped
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16/09/2010
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Sell Home Fast
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Hits:
2
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Blaming unrealistic spending commitments inherited from the previous government, the new coalition government has scaled back or completely axed hundreds of intended playgrounds throughout England originally planned for under the £235 million Playbuilder scheme,...
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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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Hits:
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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Recession - Keeping The Pound In Your Pocket
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18/03/2009
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Unemployment
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Hits:
2
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The annual growth in take home pay has dropped to an all time low of 1.8% and saw an unprecedented fall of 0.2 per cent during January as employers make drastic cuts to save their businesses from collapse.
Honda is just one of the companies that has stopped...
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Sell And Rent Back Your Own Property - A Smart Way To Act
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06/03/2009
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Equity release
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Hits:
2
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Selling and renting back your own property is a popular and imminent trend in UK. Countless people find it very helpful in generating some fast cash to overcome financial crisis. Selling and renting back your own property is a wonderful option that allows you to release the equity in your house without remortgaging or moving from your dwelling place....
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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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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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Renting a Property
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20/02/2009
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Renting
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Hits:
2
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It could be that you have just cleared college or university and are looking for your first house – which in many cases would mean having to start out by renting a property before you can organize yourself to buy your own flat. It could also be that you already...
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Read More »
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Renting a Property
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20/02/2009
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First Time Buyers
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Hits:
2
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It could be that you have just cleared college or university and are looking for your first house – which in many cases would mean having to start out by renting a property before you can organize yourself to buy your own flat. It could also be that you already...
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Read More »
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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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Read More »
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Purchasing Property Overseas
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18/02/2009
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House Prices
|
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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Read More »
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Cash In On The Credit Crunch
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13/02/2009
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Recession
|
Hits:
2
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Many people are concerned regarding the global credit crunch and the corresponding troubles in the property market. Without access to credit, many individuals and businesses are unable to purchase property, and as such property values have dropped from their...
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Read More »
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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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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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Read More »
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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
|
|
The Nationwide Building Society has released figures showing that house prices continue to fall in 2009, although the rate of decline has slowed. In January, prices dropped a further 1.3%, whereas December’s fall was 2.5%. This is the 15th consecutive month...
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Read More »
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Christmas 2008 - A Look Back
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23/12/2008
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Repossession
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Hits:
2
|
As we approach Christmas and the New Year it’s a good time to reflect on what has happened in our economy during the past 12 months and where we are likely to go as the recession bites in 2009.
2008 has been a traumatic year for the world’s financial...
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Read More »
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Christmas 2008 - A Look Back
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23/12/2008
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Recession
|
Hits:
2
|
As we approach Christmas and the New Year it’s a good time to reflect on what has happened in our economy during the past 12 months and where we are likely to go as the recession bites in 2009.
2008 has been a traumatic year for the world’s financial...
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Read More »
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Christmas 2008 - A Look Bac
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23/12/2008
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Interest Rates
|
Hits:
2
|
As we approach Christmas and the New Year it’s a good time to reflect on what has happened in our economy during the past 12 months and where we are likely to go as the recession bites in 2009.
2008 has been a traumatic year for the world’s financial...
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Read More »
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|
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Christmas 2008 - A Look Back
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23/12/2008
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House Prices
|
Hits:
2
|
As we approach Christmas and the New Year it’s a good time to reflect on what has happened in our economy during the past 12 months and where we are likely to go as the recession bites in 2009.
2008 has been a traumatic year for the world’s financial...
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|
Read More »
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|
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Christmas 2008 - A Look Back
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23/12/2008
|
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Debt
|
Hits:
2
|
As we approach Christmas and the New Year it’s a good time to reflect on what has happened in our economy during the past 12 months and where we are likely to go as the recession bites in 2009.
2008 has been a traumatic year for the world’s financial...
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Read More »
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Jobless Figures Rise
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18/12/2008
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Recession
|
Hits:
2
|
For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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Read More »
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Jobless Figures Rise
|
18/12/2008
|
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Debt
|
Hits:
2
|
|
For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to...
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|
Read More »
|
|
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Jobless Figures Rise
|
18/12/2008
|
|
House Prices
|
Hits:
2
|
For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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|
Read More »
|
|
|
Jobless Figures Rise
|
18/12/2008
|
|
Repossession
|
Hits:
2
|
For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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|
Read More »
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Paying for Christmas
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12/12/2008
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Stop Repossession
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Hits:
2
|
|
It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Read More »
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Paying for Christmas
|
12/12/2008
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Sell Home Fast
|
Hits:
2
|
|
It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Read More »
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Paying for Christmas
|
12/12/2008
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Sell and Rent Back
|
Hits:
2
|
|
It’s that time of year when we all become frazzled with the chores of Christmas, the biggest of which is undoubtedly the Christmas shopping. Finding original presents for everyone can be a real nightmare and when money is tight the whole task is even more...
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Read More »
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The Big Spend?
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02/12/2008
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Sell and Rent Back
|
Hits:
2
|
The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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Read More »
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The Big Spend?
|
02/12/2008
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Repossession
|
Hits:
2
|
The Treasury has announced big spending plans to reinvigorate the economy. A total of £12.5 billion is said to be on its way to consumers but the question on everyone’s lips is, will it work?
The Chancellor, Alistair Darling, has announced that VAT...
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Read More »
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When will the fall end?
|
19/11/2008
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Recession
|
Hits:
2
|
It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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Read More »
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When will the fall end?
|
19/11/2008
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Mortgages
|
Hits:
2
|
It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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Read More »
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When will the fall end?
|
19/11/2008
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|
Interest Rates
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Hits:
2
|
It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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|
Read More »
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When will the fall end?
|
19/11/2008
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Stop Repossession
|
Hits:
2
|
It’s the question on every homeowners’ lips. Just how far, and how fast, will property values fall and when will it all come to an end? Let’s begin by taking a look back at the staggering change in the market we’ve seen over the past year or so.
Towards...
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|
Read More »
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Dramatic Bank Rate Cut
|
07/11/2008
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Interest Rates
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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....
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Read More »
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Dramatic Bank Rate Cut
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07/11/2008
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Stop Repossession
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Hits:
2
|
|
As anticipated, the Bank of England’s Monetary Policy Committee (MCP) has cut interest rates today. What was not anticipated, however, is the size of that cut. Half of one per cent was expected, maybe one per cent if the bank was feeling brave, but very few foretold the massive one and a half per cent that the MPC obviously feels is required if it is to have any effect on inflation and the threat of recession....
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Read More »
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Unemployment Rise Hits Homeowners
|
20/10/2008
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Stop Repossession
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Hits:
2
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|
Unemployment figures released this week show 1.79 million people out of work in the UK (measured between May and August 2008); the highest number since the 1990s. This figure is expected to increase to 2 million by the end of the year, with many analysts predicting further rises during 2009. ...
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Read More »
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Unemployment Rise Hits Homeowners
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20/10/2008
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Sell and Rent Back
|
Hits:
2
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|
Unemployment figures released this week show 1.79 million people out of work in the UK (measured between May and August 2008); the highest number since the 1990s. This figure is expected to increase to 2 million by the end of the year, with many analysts predicting further rises during 2009. ...
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Read More »
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Dramatic Bank Rate Cut
|
07/10/2008
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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....
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Read More »
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Repossession - the process explained
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26/09/2008
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Debt
|
Hits:
2
|
|
This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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Repossession - the process explained
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26/09/2008
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Stop Repossession
|
Hits:
2
|
|
This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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Repossession - the process explained
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26/09/2008
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Equity release
|
Hits:
2
|
|
This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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Repossession - the process explained
|
26/09/2008
|
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Repossession
|
Hits:
2
|
|
This is a short guide to the process that your lender will have to follow if your house is to be repossessed. Remember, your lender has an obligation to act fairly as well as to comply with the law. If you don’t think they’ve done so, consult your Citizens...
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Read More »
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The Divorce Trap
|
18/09/2008
|
|
Housing Crash
|
Hits:
2
|
|
A rather surprising side effect of the current economic slowdown is that the numbers of couples getting divorced has dropped by about 3%. It seems that people who would like to sell the family home and move on to a new life find they can’t sell and therefore...
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Read More »
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The Divorce Trap
|
18/09/2008
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House Prices
|
Hits:
2
|
|
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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Government Intervention - Too Little Too Late?
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09/09/2008
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Mortgages
|
Hits:
2
|
|
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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Read More »
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Government Intervention - Too Little Too Late?
|
09/09/2008
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Debt
|
Hits:
2
|
|
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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Read More »
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Government Intervention - Too Little Too Late?
|
09/09/2008
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Inflation
|
Hits:
2
|
|
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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Read More »
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|
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Government Intervention - Too Little Too Late?
|
09/09/2008
|
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Repossession
|
Hits:
2
|
|
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...
|
|
Read More »
|
|
|
Government Intervention - Too Little Too Late?
|
08/09/2008
|
|
Housing Crash
|
Hits:
2
|
|
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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|
Read More »
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|
|
|
|
|
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The Divorce Trap
|
18/08/2008
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Sell Home Fast
|
Hits:
2
|
|
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...
|
|
Read More »
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Avoid Repossession
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28/07/2008
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Debt
|
Hits:
2
|
|
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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Read More »
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Biggest Threat in 20 Years
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23/06/2008
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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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Read More »
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Biggest Threat in 20 Years
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23/06/2008
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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...
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|
Read More »
|
|
|
The Return of Negative Equity
|
13/06/2008
|
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Sell Home Fast
|
Hits:
2
|
|
The words ‘negative equity’ have not been heard much over the past ten years but back in the early 90s they were on the tip of everyone’s tongue. Could it be that we’ve had it so good over the past decade that we’ve forgotten what true economic slowdown is...
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Read More »
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|
The Return of Negative Equity
|
13/06/2008
|
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Sell and Rent Back
|
Hits:
2
|
|
The words ‘negative equity’ have not been heard much over the past ten years but back in the early 90s they were on the tip of everyone’s tongue. Could it be that we’ve had it so good over the past decade that we’ve forgotten what true economic slowdown is...
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Read More »
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How To Sell Your Home
|
27/05/2008
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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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Read More »
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House prices continue to slide
|
01/05/2008
|
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Mortgages
|
Hits:
2
|
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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Read More »
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10p Tax Rate cut looks set to add to debt problems
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24/04/2008
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Mortgages
|
Hits:
2
|
|
Gordon Brown and Allistair Darling are facing opposition from their own back benchers over the controversial removal of the 10p tax rate band. By no means will everyone lose out from this cut, but some could have debt problems exacerbated by unexpected reductions...
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Read More »
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10p Tax Rate cut looks set to add to debt problems
|
24/04/2008
|
|
Debt
|
Hits:
2
|
|
Gordon Brown and Allistair Darling are facing opposition from their own back benchers over the controversial removal of the 10p tax rate band. By no means will everyone lose out from this cut, but some could have debt problems exacerbated by unexpected reductions...
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|
Read More »
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Turn The Dream Home into Reality
|
16/04/2008
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Sell Home Fast
|
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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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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Moving Home and Cutting Costs
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11/04/2008
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Interest Rates
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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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It's a Buyers Market
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25/03/2008
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Sell Home Fast
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House sales are in a slump and prices are falling. So say the latest reports on house price trends throughout the country.
The key reason appears to be the disparity between the number of buyers and the number of sellers. The credit crunch has made...
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Budget Brief
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13/03/2008
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Interest Rates
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2
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Alistair Darling gave his first budget on 12 March. Although no longer the event it used to be, the budget still attracts the attention of the media and, to a lesser extent, the average man or woman in the street. Few surprises are unveiled in budget speeches...
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Budget Brief
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13/03/2008
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Sell Home Fast
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Alistair Darling gave his first budget on 12 March. Although no longer the event it used to be, the budget still attracts the attention of the media and, to a lesser extent, the average man or woman in the street. Few surprises are unveiled in budget speeches...
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What is BMV?
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04/02/2008
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Home Information Packs
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In the simplest terms, BMV is an abbreviation for Below Market Value property. What this means is that the prospective buyers pay less than the expected market value for a property. There is a section of the housing market that specialises in this area and...
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What is BMV?
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04/02/2008
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Equity release
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In the simplest terms, BMV is an abbreviation for Below Market Value property. What this means is that the prospective buyers pay less than the expected market value for a property. There is a section of the housing market that specialises in this area and...
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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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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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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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Is Your Credit In Crisis?
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14/12/2007
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Debt
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2
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As Christmas approaches more and more of us turn to our credit cards to provide the funds we need to finance our seasonal purchases. Despite the concern emanating from retailers it looks as if we are set to spend record amounts again this year. During the...
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Buyer Confidence Drops in Housing Market
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16/11/2007
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House Prices
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This week the financial commentators have reported on several factors that are hitting the housing market via a lowering of buyer confidence.
Property prices are slowing almost everywhere and in some areas of the country they are falling. One...
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The Open Market - The Slow Market!
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25/10/2007
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House Prices
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2
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There has been a debate raging amongst sellers, buyers, estate agents, lawyers, developers and others involved in the property sector as to how the process of buying and selling property in England might be speeded up, clarified and made less vulnerable...
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The Open Market - The Slow Market!
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25/10/2007
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Sell Home Fast
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2
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There has been a debate raging amongst sellers, buyers, estate agents, lawyers, developers and others involved in the property sector as to how the process of buying and selling property in England might be speeded up, clarified and made less vulnerable to...
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Is Renting The Best Option?
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17/10/2007
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Housing Crash
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2
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Early October saw the publication of a survey that announced renting is now a cheaper option than buying!
The survey looked at rentals from private landlords during 2006 (i.e. not including local authority or housing association tenancies) and found...
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Property Crash Talk On The High Street
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05/10/2007
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Interest Rates
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There has been so much media speculation this year about a forthcoming UK property crash that you couldn’t be blamed for switching to a different channel every time a commentator comes on the box.
The Bank of England has, to date, failed to respond to pressure to cut rates and decided at its meeting on 4 October to keep interest rates unchanged at 5.75%. For home owners, the rises that have taken place during 2007 have increased their mortgage repayments dramatically – a good reason, say some experts, to look at cutting interest rates before we reach economic meltdown and the market crashes.
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Property Crash Talk On The High Street
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05/10/2007
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House Prices
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2
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There has been so much media speculation this year about a forthcoming UK property crash that you couldn’t be blamed for switching to a different channel every time a commentator comes on the box.
The Bank of England has, to date, failed to respond to pressure to cut rates and decided at its meeting on 4 October to keep interest rates unchanged at 5.75%. For home owners, the rises that have taken place during 2007 have increased their mortgage repayments dramatically – a good reason, say some experts, to look at cutting interest rates before we reach economic meltdown and the market crashes.
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Property Crash Talk On The High Street
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05/10/2007
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Housing Crash
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2
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There has been so much media speculation this year about a forthcoming UK property crash that you couldn’t be blamed for switching to a different channel every time a commentator comes on the box.
The Bank of England has, to date, failed to respond to pressure to cut rates and decided at its meeting on 4 October to keep interest rates unchanged at 5.75%. For home owners, the rises that have taken place during 2007 have increased their mortgage repayments dramatically – a good reason, say some experts, to look at cutting interest rates before we reach economic meltdown and the market crashes.
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Who's Feeling The Pinch?
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20/07/2007
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Mortgages
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2
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There has been much in the media about the effect of interest rate increases on mortgages and, combined with ever inflating house prices, the fact that repossession numbers are expected to increase over the coming months.
Commentators and analysts...
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Who's Feeling The Pinch?
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20/07/2007
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Interest Rates
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2
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There has been much in the media about the effect of interest rate increases on mortgages and, combined with ever inflating house prices, the fact that repossession numbers are expected to increase over the coming months.
Commentators and analysts...
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Mortgage Rates? Peaked or Still to Rise?
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15/06/2007
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Interest Rates
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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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Stop Eviction
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11/05/2007
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Interest Rates
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Last week’s rise in interest rates will soon start to impact on mortgage repayments, especially here in the South East and East Anglia where property prices are high.
Some analysts warn that repossession figures could double this year as people are pushed to the brink of financial crisis by increasing repayments. The threat of yet another rise in the Bank of England’s base rate is looming on the horizon, making the situation even more gloomy for anyone who has a mortgage.
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Interest Rates Go Up Again
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11/05/2007
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Interest Rates
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The Bank of England has just announced a quarter of one per cent rise in interest rates and the mortgage companies look set to follow suit. Bank rates now stand at 5.5%.
Despite having one of the highest rates of interest amongst the prosperous countries...
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Repossession - What Does It Mean?
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12/04/2007
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Repossession
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For those struggling to meet mortgage repayments, having their house repossessed by the bank or mortgage company is their worst nightmare. What can you do to fight repossession and what does it mean if you actually lose your house?
Fighting Repossession...
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WHAT IS REPOSSESSION?
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05/03/2007
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Repossession
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Ask any person in the street what repossession means and they will usually reply that it’s the loss of someone’s home through non-payment of a mortgage. Of course, they’re absolutely right, but what people often fail to understand is that if your property is repossessed you may never be able to get a mortgage again....
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PERSONAL DEBT DISASTER?
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20/02/2007
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Debt
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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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Quick House Sale – Sellers Outnumber Buyers
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26/10/2010
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Sell Home Fast
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In recent months, there have been fewer buyers who are interested in purchasing a home and can qualify to do so than there have been sellers putting their properties on the market. This situation of sellers outnumbering buyers has resulted in a drop in housing...
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Sell Rent Back Slow Market Recovery
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17/11/2009
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Sell and Rent Back
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1
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According to the chief economist of the Royal Institution of Chartered Surveyors, Simon Rubinsohn, economic recovery is going to slow due to the upcoming end of the stamp duty holiday. Indeed, Rubinsohn notes that the end of the holiday will have major repercussions...
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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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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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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 Slow Recovery
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29/09/2009
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Sell Home Fast
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Despite recent news suggesting that the UK is beginning to get out of the recession, the Bank of England has held interest rates at a very low 0.5% for the sixth straight month, warning that recovery will be slow, long and drawn out.
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Sell Rent Back Banks losses
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24/09/2009
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Sell and Rent Back
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According to the KPMG UK Banks Performance Benchmarking Survey, the retail arm of High Street banks in the UK will probably experience losses during the second half of 2009. Bad loans are largely to blame, and are expected to continue causing losses at least...
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Economy bound to hit Sell Home Fast
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05/08/2009
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Sell Home Fast
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Despite hopes that the economy may rebound relatively soon, it is being reported that the UK economy contracted by 0.8% between April and June of this year. Although it was much better than the previous figure, it is still more than expected.
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Sell Home Fast House Prices
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30/07/2009
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Sell and Rent Back
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A new monthly survey by the DCLG (Department of Communities and Local Government) shows that property values continue to fall - but at a slower rate than in the past. This is heartening news for some; however, those who need to sell home fast are still struggling...
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Sell and Rent Back FAQs
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17/07/2009
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Sell and Rent Back
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In this first of 2 articles about Sell and Rent back FAQ's, we've compiled our most frequetly asked Sell to Rent questions. The next Sell and Rent back FAQ article will folllow next week.
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Sell And Rent Back help repossessions
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03/07/2009
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Sell and Rent Back
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The Council of Mortgage Lenders have released the latest numbers on repossessions, and the news is still not favourable. In the UK, an estimated 65,000 repossessions will occur this year; that estimate is down by 10,000 from December, but up in actual numbers...
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