According to a recent report the lack of first time buyers entering the housing market at present is resulting in problems further up the chain, with homeowners who are already in starter homes unable to sell up and move to larger properties due to lack of demand and poor house sale performance. The housing market [...]

Ten years ago before the housing boom in the UK began someone with £40,000 handy could look at purchasing a property outright. However, these days many will be lucky if this covers much more than the deposit on a property. A recent report has shown that the average first time buyers in London needs a [...]

The hefty fees that many mortgage lenders have charged have been under fire for some years, but is seems that the fees that were being charged a couple of years ago are nothing compared to the ones that are now being charged. A recent report has shown that mortgage arrangement fees have soared over the [...]

A Labour MP was slated recently after calling people in the UK ‘bloody miserable’ adding that people these days were wealthier than ever. This is despite the fact that bills, food prices, and petrol costs have been soaring, credit conditions have become far tighter due to the global credit crunch, and many people are facing [...]

Earlier this year it was reported that the Council of Mortgage Lenders had changed earlier predictions relating to house price movement for this year. In the latter quarter of last year officials from the CML had predicted that house prices would rise by around 1% over the course of 2008. However, just a few months [...]

Finding a suitable and affordable mortgage can be difficult at the best of times, but in the current financial climate many people are finding it more difficult than ever to get a mortgage that suits that needs and is affordable. For many people trying to go it alone when it comes to finding a mortgage [...]

Homeowners who are struggling with their mortgage and debt repayments are being urged by industry officials to seek assistance and talk to their creditors as early on as possible, to avoid getting into even deeper financial trouble, and more importantly to avoid the risk of repossession. Many homeowners are now struggling with their finances for [...]

Last week saw members of the powerful rate setting Monetary Policy Committee meet up for their monthly meeting, and following the meeting the Bank of England announced that the base rate would be staying on hold at 5% for this month – a move that many industry officials have already been expecting. Most already knew [...]