Insurance protection could double first time buyer numbers
April 12, 2011
As most people are only too aware the state of the property market in the UK has been volatile over the past couple of years, and one of the groups to suffer hugely is first time buyers. Many first time buyers have been priced out of the market because it has become so difficult for [...]
Get help with your mortgage or rent by taking a lodger
April 11, 2011
Officials have recently pointed out that many people who are homeowners or renters, and who have a spare room in their home, could make a substantial amount of money towards their mortgage or rent simply by renting out a room and sharing facilities with a lodger under the Rent-A-Room scheme, which was started by the [...]
Rental sector in chaos due to lack of mortgages
March 29, 2011
The lack of mortgage availability and more stringent lending regulations for first time buyers has had a major impact on the ability of non-homeowners to get onto the property ladder. However, as if people in this group were not facing difficulties enough it has now emerged that the rental market has been thrown into chaos, [...]
Mortgage market still ’stuck in rut’
March 19, 2011
The mortgage market in the UK has been described recently as being ’stuck in a rut’ with low levels of lending continuing throughout the course of February and many potential buyers still struggling to be able to get finance. The level of gross lending for the month of February was almost as low as that [...]
Pay less to buy a home than to rent one
March 3, 2011
In around 80 percent of the homes in towns and cities in Great Britain consumers will find that it is now considerably cheaper to make repayments on a mortgage to buy a home than it is to pay rent on a property. As a result of a variety of factors there has been a turnaround [...]
Repossessions could increase after falling
February 17, 2011
The Council of Mortgage Lenders has recently released figures showing that the number of repossessions over the course of last year fell, with a drop of 24 percent being seen in the number of home repossessions for the year. The number of repossessions for 2010 fell considerably, and there was also a significant fall in [...]
Mortgage approvals fall to second lowest in eleven years
January 28, 2011
As most people are only too well aware, the mortgage market has gone into rapid decline since the onset of the global financial crisis in 2007. For the past few years getting a mortgage has become a difficult if not impossible feat for many consumers who were hoping to get the finance to get onto [...]
Banks to be quizzed over lending levels
January 28, 2011
The UK’s major High Street lenders are to be quizzed over low mortgage lending levels to first time buyers in a meeting that is set to be held next month. Ministers are said to be very concerned about the level of lending to first time buyers from the major UK banks, and have said that [...]
Property prices continued to fall in December
January 12, 2011
According to the High Street lender Halifax property prices in the UK have continued to decline, with a further drop being recorded for December compared to the month before. According to officials from the Halifax property prices fell by 1.3 percent in December, leave the average property value slightly cheaper at the end of the [...]
Mortgage repayments greater than borrowing for tenth quarter
January 3, 2011
Since the onset of the global financial crisis and the recession many homeowners in the UK have become far more savvy financially, and used the cut in the base interest rates to repay more of their mortgage debt by overpaying on their debt each month. Figures have shown that mortgage repayments soared in the three [...]
