Friday, November 28th, 2008
The Council of Mortgage Lenders has reported that the number of people in arrears with their mortgage at the end of September this year was 168,000, which is 8% higher than the 155,600 who were in arrears at the end of June.
By December, that figure is likely to rise dramatically ...
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 »
Wednesday, September 10th, 2008
The present difficulty in getting credit and/or being able to sell property may be playing a key role in keeping couples together, according to research from online banking group Cahoot.
More than one quarter of UK consumers surveyed by Cahoot said that they are less likely to separate from their partner ...
Posted in Credit crunch, Personal Finance | No Comments »
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 ...
Posted in Credit crunch, Property Prices | No Comments »