Archive for the ‘Property Prices’ Category
Friday, November 21st, 2008
Equity release is simply a way of turning the cash that’s tied up in your property into actual cash money and it’s becoming an increasingly attractive option for many who need extra cash but who don’t want extra debt.
Most equity release schemes are only available to homeowners over 50 or ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
Sunday, November 16th, 2008
It’s been a week of yet more bad news for UK property owners as it’s being reported that home sales are falling drastically, primarily because mortgage lending is down by 70%.
The figures are the result of a survey commissioned by the Royal Institution of Chartered Surveyors (RICS) and it showed ...
Posted in Credit crunch, Property Prices | No Comments »
Tuesday, October 28th, 2008
Finanacial campaigners have recently called upon the Treasury to stop Northern Rock from repossessing property so readily.
Charity group ‘Credit Action’ reported that the now nationalised lender was twice as likely to repossess homes than other lenders, and added that Northern Rock wasn’t being flexible enough in its approach to borrowers ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | 2 Comments »
Tuesday, October 28th, 2008
First, there has to be a valid legal reason for your mortgage lender to repossess your home. The most often cited reasons are mortgage arrears, failing to pay loans secured on your home and bankruptcy.
If a home owner doesn’t keep up with the mortgage repayments or a secured loan, the ...
Posted in Credit crunch, Debt, Personal Finance, Property Prices | No Comments »
Monday, September 22nd, 2008
The U.K's largest property website Rightmove today released their house price figures for September, the report suggests U.K House prices are continuing to fall although at a slightly slower level than previous months.
September saw a 1% drop in house prices, the rightmove report went on to say "the housing ...
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Wednesday, September 17th, 2008
While most of the country wallows in a decline in the value of property, and while sellers are struggling to find buyers, it seems that the most expensive luxury estates in the country aren’t suffering a similar fate.
In Scotland, multi-million pound estates are readily selling to Scottish buyers rather than ...
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Sunday, September 7th, 2008
A recent study has revealed that property repossessions in the UK have risen by over 40% since January, with approximately 19,000 repossessions occurring up to June of this year. These figures represent an increase of 48% compared to the first six months of 2007.
The Council of Mortgage Lenders has stated ...
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Friday, August 29th, 2008
Since UK property began to soar in cost, many purchasers have been buying property abroad which is a trend that is continuing despite the credit crunch.
Many forecasters are warning however that the impact of the credit crunch may begin to affect foreign property markets eventually as fewer British investors ...
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Thursday, August 28th, 2008
UK Property prices could ent the year 15% Down
Yet more evidence the credit crunch is far from over was announced yesterday, Nationwide one of the UK's largest mortgage lenders said the average price of a property fell by 1.9 percent in August, 10.5 percent lower than property prices were last August. ...
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Friday, August 8th, 2008
This June saw the biggest drop in house prices than at any time in the previous sixteen years. The credit crunch, dwindling economy and fears over job security have prompted the downturn and are likely to continue to do so. This is of course bad news for anyone trying to ...
Posted in Property Prices | No Comments »
