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Sell and Rent Back – VAT Rise
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05/07/2010
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Sell and Rent Back
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Hits:
3
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In a move that did not come as a surprise to most UK residents and retailers, the chancellor’s decision to increase the standard rate of the Value Added Tax (VAT) will bring the UK’s VAT closer to rates found elsewhere throughout Europe.
...
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Sell House Fast – Retail Price Index Rises
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01/06/2010
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Sell Home Fast
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3
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The Retail Prices Index (RPI) is a measurement used to show changes in housing costs, petrol costs, travel costs and the cost of household goods. A recent rise of the RPI shows that inflation in the UK has accelerated once again during the month of April and...
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Sell Home Fast – 2010 Unemployment Rise
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07/05/2010
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Sell Home Fast
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3
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During the three-month period of December to February, UK unemployment increased by 43,000 to 2.5 million. Figures from the Office for National Statistics show that, during this period, both youth and older adults saw a rise in unemployment, with 4,000 additional...
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Sell and Rent Back – Consumer Prices Rises
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06/05/2010
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Sell and Rent Back
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Hits:
3
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As most UK residents are well aware, consumer prices are on the rise. Not only must consumers contend with increasing prices on food, non-alcoholic beverages, clothing and footwear, but they are also feeling the continuing impact of the increase in VAT, which...
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Sell and Rent Back – Damaging Tax Rises
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16/03/2010
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Sell and Rent Back
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Hits:
3
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Most concur that the UK simply cannot afford having political parties play games with public finances during this challenging economic climate and just before the upcoming elections; however, the Budget to be released on 24 March – which is the last Budget...
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Sell House Quick Mortgage Deposit Rises
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25/11/2009
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Sell Home Fast
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3
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As a part of the ongoing housing market crisis, it is being reported that the number of mortgages that require a 15% deposit has risen in the last month from 189 to 226; this is the highest number in over a year. House Buyer's Mortgages requiring a 25% deposit...
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Jobless Figures Rise
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18/12/2008
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Recession
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Hits:
3
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
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Jobless Figures Rise
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18/12/2008
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Debt
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Hits:
3
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to...
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Jobless Figures Rise
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18/12/2008
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House Prices
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Hits:
3
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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Jobless Figures Rise
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18/12/2008
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Repossession
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Hits:
3
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For the first time this decade the number of people without jobs has risen to more than one million.
In an economic downturn this announcement was very much on the cards but of greater concern over the long term is the fall in job vacancies coming on to the market. The Office for National Statistics (ONC) reports that employment amongst people of working age fell by 0.4% in the quarter ended October 2008, a similar fall to that seen in the previous quarter. This percentage may not seem large, but what is worth noting is that the number of available jobs fell by 134,000 over the same quarter – the biggest fall for 16 years.
...
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Unemployment Rise Hits Homeowners
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20/10/2008
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Stop Repossession
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Hits:
3
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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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Unemployment Rise Hits Homeowners
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20/10/2008
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Sell and Rent Back
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Hits:
3
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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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Another Interest Rate Rise
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06/07/2007
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Interest Rates
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Hits:
3
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This week the Bank of England has yet again raised the base rate by one quarter per cent to 5.75%, the fifth rise in a year. There’s little doubt that when this new rise filters through to mortgages some already stretched home owners will be close to financial...
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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:
3
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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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Sell Home Fast- Student Debts set to Double for 2012
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28/11/2011
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Sell Home Fast
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2
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University freshers in 2012 may face double the debt compared to last year. Student debts may rise to £53,000, a rise of 6.4%, even more than inflation, the Push University Guide has revealed. Ministers still say that future students should not be put off by these escalating figures....
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Sell Home Fast- Living Costs for Parents Soar
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28/11/2011
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Sell Home Fast
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Hits:
2
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Living costs for families in the UK has risen by 5% in just one year, due to freezing of child benefits plus a lack of childcare assistance. Costs of living for parents is higher than ever, as on average both parents need to earn over £18,000 each per annum...
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Sell Home Quick – 7% Energy Rise
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22/11/2010
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Sell Home Fast
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Hits:
2
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British Gas has announced that customers will see a 7% increase in electricity and gas bills this winter, making it the second major energy supplier in the UK to announce an increase in prices for this winter.
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Sell and Rent Back – Strike Warnings
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09/07/2010
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Sell and Rent Back
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Hits:
2
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Strikes could be on the horizon as threats of redundancy are on the rise. As part of the coalition’s ongoing effort to handle a record budget deficit, Treasury figures are suggesting that as many as 600,000 public sector jobs could disappear over the coming...
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Sell Home Fast Lending Restraints
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02/11/2009
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Sell Home Fast
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Hits:
2
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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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Sell Rent Back Lettings
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15/09/2009
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Sell and Rent Back
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Hits:
2
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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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Sell Rent Back Good News
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21/08/2009
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Sell and Rent Back
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Hits:
2
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The first month on month rise in home prices occurred this past June, according to the Land Registry, the first time this happened since January 2008. This is promising news for many, but for many others sell and rent back continues to be the best available...
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Sell Home Fast Bills Increase
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18/08/2009
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Sell Home Fast
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Hits:
2
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News from OFWAT that water bills in England and Wales will increase about 4.1% in the year from April highlights the rise of many bills in general lately. Car insurance premiums have sharply risen, and the new water bill rates will cost the average UK customer...
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Sell Home Fast Price News
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10/06/2009
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Sell Home Fast
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Hits:
2
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In a bit of rare good news for the housing market, a rise has been reported in UK house prices. In May on April, house prices rose 1.2%, giving a bit of encouragement to anxious homeowners.
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Sell Home Fast Unemployment misery
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21/05/2009
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Sell Home Fast
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Hits:
2
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News released this month was a further blow for homeowners wanting a fast property sale. National Statistic’s figures show 2.22 million officially unemployed (a rise by 244,000 in the first 3 months of 2009) shrinking the market looking to buy and...
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When to buy property in the UK?
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04/03/2009
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Purchasing Property
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Hits:
2
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As the recent property slump has caused havoc among the UK markets, there are people who are gearing up to buy what may be the best time in recent years to cash on an otherwise, the worst of times. Despite the reluctance of home owners to sell their properties...
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Recession - UK Property Sales Crash
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02/03/2009
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Recession
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Hits:
2
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The UK housing market has once again receded to reach the same levels as it stood in February 2006. It is still to be seen if the recent slump in the sales of UK property is just another cycle of recession that goes naturally with any economy or it is a fall...
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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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Rewards Of Remortgaging
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23/02/2009
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Remortgages
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Hits:
2
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Remortgaging is basically a process that allows a person to switch the current mortgage from the existing lender to some new lender. Remortgage or the fresh mortgage repays the existing lender and at the same time provides the borrower with an opportunity to raise supplementary funds at lower rates of interest than the existing mortgage. Remortgaging is in fact a wonderful option for those who wish to lessen their monthly payments, raise ample amount of capital or release equity in their house....
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Bumpy Ride For House Prices
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20/02/2009
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Recession
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Bumpy Ride For House Prices
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20/02/2009
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Mortgages
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Read More »
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Bumpy Ride For House Prices
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20/02/2009
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House Prices
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Read More »
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Bumpy Ride For House Prices
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20/02/2009
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Sell Home Fast
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Hits:
2
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House prices in England and Wales fell by an average of 13.8% last year. There are conflicting opinions on how the property market will fare as the recession deepens, although it is certain that substantial gains are out of the question. Anyone embarking...
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Read More »
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Options for First Time Buyers
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16/02/2009
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Mortgages
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Hits:
2
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Since the last two decades, banks and estate agents have been providing more versatile options to the first time buyers of a home. These options have enabled many young and newly married partners to buy a property; a luxury that they couldn’t afford in the...
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Options for First Time Buyers
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16/02/2009
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First Time Buyers
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Hits:
2
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Since the last two decades, banks and estate agents have been providing more versatile options to the first time buyers of a home. These options have enabled many young and newly married partners to buy a property; a luxury that they couldn’t afford in the...
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Cash In On The Credit Crunch
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13/02/2009
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Recession
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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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Unemployment Total Close To 2 Million
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12/02/2009
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Unemployment
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Hits:
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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Sobering Stats On Unemployment
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21/01/2009
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Repossession
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Hits:
2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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Sobering Stats On Unemployment
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21/01/2009
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Unemployment
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Hits:
2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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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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Read 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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Read 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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Read More »
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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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Should I Sell To Rent?
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20/11/2008
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Housing Crash
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Hits:
2
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With the property boom having come to a grinding halt, there has been a continual decline in inflated prices. From Newcastle to Manchester, and Birmingham to London, it seems no-one is clear from this slump.
Rumours have been circulating for a while...
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Read More »
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Should I Sell To Rent?
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12/11/2008
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Recession
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Hits:
2
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With the property boom having come to a grinding halt, there has been a continual decline in inflated prices. From Newcastle to Manchester, and Birmingham to London, it seems no-one is clear from this slump.
Rumours have been circulating for a while...
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Read More »
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Should I Sell To Rent?
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12/11/2008
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Sell and Rent Back
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Hits:
2
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With the property boom having come to a grinding halt, there has been a continual decline in inflated prices. From Newcastle to Manchester, and Birmingham to London, it seems no-one is clear from this slump.
Rumours have been circulating for a while...
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Read More »
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Should I Sell To Rent?
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12/11/2008
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Repossession
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Hits:
2
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With the property boom having come to a grinding halt, there has been a continual decline in inflated prices. From Newcastle to Manchester, and Birmingham to London, it seems no-one is clear from this slump.
Rumours have been circulating for a while...
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Read More »
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Repossession. Are you vulnerable?
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11/11/2008
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Sell and Rent Back
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Hits:
2
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In recent times, it seems as though we cannot turn on the news or open a newspaper without being further reminded about the dire situation our country finds itself in.
With the cost of inflation constantly rising, generally at a faster rate than the...
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Repossession. Are you vulnerable?
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11/11/2008
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Repossession
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Hits:
2
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In recent times, it seems as though we cannot turn on the news or open a newspaper without being further reminded about the dire situation our country finds itself in.
With the cost of inflation constantly rising, generally at a faster rate than the...
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Read More »
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UK Recession is real
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24/10/2008
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Recession
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Hits:
2
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In a speech given on Tuesday 21 October in Leeds, the governor of the Bank of England, Mervyn King, admitted that the likelihood of recession in the UK was real and that the downturn could be ‘prolonged’. Hot on his heels came the Prime Minister admitting...
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Read More »
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UK Recession is real
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24/10/2008
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Housing Crash
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Hits:
2
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In a speech given on Tuesday 21 October in Leeds, the governor of the Bank of England, Mervyn King, admitted that the likelihood of recession in the UK was real and that the downturn could be ‘prolonged’. Hot on his heels came the Prime Minister admitting...
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Read More »
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UK Recession is real
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24/10/2008
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House Prices
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Hits:
2
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In a speech given on Tuesday 21 October in Leeds, the governor of the Bank of England, Mervyn King, admitted that the likelihood of recession in the UK was real and that the downturn could be ‘prolonged’. Hot on his heels came the Prime Minister admitting...
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Read More »
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UK Recession is real
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24/10/2008
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Repossession
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Hits:
2
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In a speech given on Tuesday 21 October in Leeds, the governor of the Bank of England, Mervyn King, admitted that the likelihood of recession in the UK was real and that the downturn could be ‘prolonged’. Hot on his heels came the Prime Minister admitting...
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Read More »
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Steep fall in house prices
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02/10/2008
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Housing Crash
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Hits:
2
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Figures just released show that house prices fell at a record level during the past year. From October 2007 prices are down 12.4%, bringing the average house price to around £162,000 and cutting a massive £20,000 off last year’s value.
This is the 11th consecutive month that prices have dropped, with Northern Ireland and East Anglia being particularly hard hit. The only place that has bucked the trend is the city of Durham, where prices have actually shown a slight increase.
...
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Read More »
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Steep fall in house prices
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02/10/2008
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House Prices
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Hits:
2
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Figures just released show that house prices fell at a record level during the past year. From October 2007 prices are down 12.4%, bringing the average house price to around £162,000 and cutting a massive £20,000 off last year’s value.
This is the 11th consecutive month that prices have dropped, with Northern Ireland and East Anglia being particularly hard hit. The only place that has bucked the trend is the city of Durham, where prices have actually shown a slight increase.
...
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Read More »
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Steep fall in house prices
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02/10/2008
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Equity release
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Hits:
2
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Figures just released show that house prices fell at a record level during the past year. From October 2007 prices are down 12.4%, bringing the average house price to around ?162,000 and cutting a massive ?20,000 off last year’s value.
This is the 11th...
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Read More »
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Tackling Rising Bills
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19/09/2008
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Debt
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Hits:
2
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The rate of inflation has risen to 4.7%; new unemployment figures released this week show 5.5% of the working population were without a job during the three months ending July 2008; those claiming Job Seekers’ Allowance have increased, the number of redundancies...
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Read More »
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Tackling Rising Bills
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19/09/2008
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Sell and Rent Back
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Hits:
2
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The rate of inflation has risen to 4.7%; new unemployment figures released this week show 5.5% of the working population were without a job during the three months ending July 2008; those claiming Job Seekers’ Allowance have increased, the number of redundancies...
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Read More »
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Latest Inflation Report
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19/08/2008
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Inflation
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Hits:
2
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The Bank of England released its latest inflation report this week. All eyes were on the Bank’s governor, Mervyn King, as he delivered the bad news that had been anticipated – that inflation is up (currently at 4.4%) and is likely to go up yet further, peaking...
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Read More »
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Latest Inflation Report
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19/08/2008
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Stop Repossession
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Hits:
2
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The Bank of England released its latest inflation report this week. All eyes were on the Bank’s governor, Mervyn King, as he delivered the bad news that had been anticipated – that inflation is up (currently at 4.4%) and is likely to go up yet further, peaking...
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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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Avoid Repossession
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28/07/2008
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Debt
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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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Biggest Threat in 20 Years
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23/06/2008
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Interest Rates
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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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The Return of Negative Equity
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13/06/2008
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Sell Home Fast
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2
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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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The Return of Negative Equity
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13/06/2008
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Sell and Rent Back
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Hits:
2
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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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Another Hold On Interest Rates
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06/06/2008
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Debt
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Hits:
2
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Today's meeting of the Bank of England's Monetary Policy Committee decided that bank rates should stay at 5.0%. This means there has been no movement in the Bank rate since the 0.25% cut on 10 April.
The Bank is concerned about the level of inflation,...
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Another Hold On Interest Rates
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06/06/2008
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Interest Rates
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Hits:
2
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Today’s meeting of the Bank of England’s Monetary Policy Committee decided that bank rates should stay at 5.0%. This means there has been no movement in the Bank rate since the 0.25% cut on 10 April.
The Bank is concerned about the level of inflation,...
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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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10p Tax Rate cut looks set to add to debt problems
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24/04/2008
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Mortgages
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2
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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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10p Tax Rate cut looks set to add to debt problems
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24/04/2008
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Debt
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Hits:
2
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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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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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Hits:
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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Dealing with Debt
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07/03/2008
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Equity release
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2
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Living with debt has become an unavoidable fact of life in 21st Century Britain. The high cost of living, coupled with easy credit and spiralling housing prices has created a situation whereby it seems almost impossible to function economically without having...
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Sobering Stats On Unemployment
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21/01/2008
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Stop Repossession
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2
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The latest unemployment figures show 1.92 million people were out of work at the end of November last year. Bearing in mind that almost two months have passed since this time and further redundancies are being announced on an almost daily basis, this figure...
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Interest Rate Fall – Is It Enough?
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06/12/2007
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House Prices
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Hits:
2
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The Bank of England has just cut the interest rate by one quarter of a per cent to 5.5%, but will it be enough to re-generate a housing market with a severe attack of the blues?
The rate cut was no surprise as pressure on the Bank of England was coming...
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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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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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Hits:
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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House Prices
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Hits:
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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Read More »
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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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Hits:
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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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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Who's Feeling The Pinch?
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20/07/2007
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Mortgages
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Hits:
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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Hits:
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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Fixed Rates? The Answer?
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13/07/2007
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Mortgages
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Hits:
2
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In a market where interest rates are consistently rising (there have been five rate increases from the Bank of England in the past twelve months) opting for a fixed rate mortgage is an attractive proposition in the battle to control household outgoings.
...
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Mortgage Payments Out of Control?
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22/06/2007
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Mortgages
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Hits:
2
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Bank interest rate rises, mortgages that are high multiples of salary and the end of fixed rate loans can spell financial disaster for some. What are the options if your outgoings exceed your income?
Reduce your repayments
Talk to your mortgage...
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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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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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Stop Eviction
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11/05/2007
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Interest Rates
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2
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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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2
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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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House Prices Hit New High
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27/04/2007
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House Prices
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2
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The £100,000 price ceiling for the average house has been smashed. According to news articles this week there is now nowhere in the UK where you can buy an average house for less than £100,000. The last place to break through the barrier was Lochgelly in Fife....
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Loans of Six Times Salary
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20/04/2007
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Mortgages
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2
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A recent announcement from some of the major mortgage lenders that they are prepared to offer six times salary will surely be copied by the majority of lenders as housing costs become less and less affordable to those with average pay-packets.
Despite...
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Any Interest In The Budget?
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28/03/2007
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Interest Rates
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Hits:
2
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Gordon Brown's budget this week had a few surprises in store, not least the reduction of the basic rate of income tax and the abandonment of the 10% rate. Mr Brown was keen to point out that his budget was fiscally neutral (in other words it didn't raise any...
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REPOSSESSIONS ON THE UP
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23/01/2007
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Recession
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2
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According to the Council of Mortgage Lenders, property repossessions are NOT fading into history.
The figures just released tell of a 9% rise in the second half of 2006. In real terms that means 8,860 individuals and families lost their homes and that the...
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Sell House Quick-No Change for UK Earnings
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23/11/2011
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Sell Home Fast
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1
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Wage levels were lower than inflation in April 2011, and median average gross earnings per week did not change compared to April 2010, for full-time or part-time workers. Official statistics prove that men and women’s earning gaps narrowed only slightly this...
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Sell House Fast – UK Economy Suffering
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02/02/2011
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Sell Home Fast
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1
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When will the global economic crisis ever end? As the US suffers from record unemployment rates and various EU countries continue to struggle with their own fiscal disasters, recent figures in the UK show that the economy actually shrank in the last three...
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Sell Home Fast House Prices Lose Momentum
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09/11/2009
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Sell Home Fast
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1
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According to the Nationwide, house prices in the UK were higher this October than on the previous October. Indeed, a 2% increase was noted; the average price was £162,038. However, the pace has leveled off and the increase in house prices seems to be losing...
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Sell Rent Back Personal Debt Rises
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13/10/2009
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Sell and Rent Back
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Hits:
1
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Even though personal debt in the UK fell during the month of July, it rose once more during the month of June according to the Bank. Indeed, personal debt went up by £700m in August, bringing the total owed in the UK to an astonishing £1,457bn.
...
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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:
1
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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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