Since April of this year the base interest rate has been at its lowest rate in the history of the Bank of England, which spans over three hundred years, and currently stands at just 0.5 percent. (more…)
Tags: bank of england, interest ratesSince April of this year the base interest rate has been at its lowest rate in the history of the Bank of England, which spans over three hundred years, and currently stands at just 0.5 percent. (more…)
Tags: bank of england, interest ratesIt has been revealed in a recent report that the prices of homes in the country and in rural areas are holding better than the value of homes in urban areas during the property slump. (more…)
Tags: house prices, property pricesAccording to recently released figures the prices on home loans in the UK are continuing to increase even though the base interest rate has now been at record lows of 0.5 percent for many months. (more…)
Tags: home loans, mortgage costsThe stamp duty holiday that was brought in by the UK government last year is set to come to an end at the end of this year, and as a result many potential property purchasers may need to move quickly in order to avoid having to pay a hefty amount of tax on the home that they purchase. (more…)
Tags: mortgage costs, stamp duty, stamp duty holidayIt has been reported recently that the prices at which properties are going at auction now are around 30 percent lower than the market value of the property, which industry officials have said is a gap that has trebled over the past few months. (more…)
Tags: house auctions, property valuesWhilst it is true that property prices in the UK have fallen over the past eighteen months the cost of purchasing a home in the UK is still high, which makes things difficult for first time buyers. (more…)
Tags: property prices, house pricesAccording to figures that were recently released by the mortgage lender Halifax there was a significant increase in property prices in the UK between April of this year and August, with the average property price said to have increased by around £6000. (more…)
Tags: house prices, property valuesAccording to a recent report the leading building society Nationwide is offering a highly competitive loan rate to consumers to compete with personal loan rates being offered by some major supermarkets, but the low rate is only being made available to existing customers of the building society. The rate being offered by Nationwide on loans for between £5500 and £15000 taken over five years is 7.7 percent. (more…)
Tags: nationwide loans, cheap loans, nationwideWith the September Monetary Policy Committee meeting having been held last week the Bank of England has announced that there is to be no change in the current base interest rate, which will remain at its record low of just 0.5 percent for yet another month. (more…)
Tags: bank of england, interest rates, mortgagesWith so many people in the UK struggling to make their mortgage payments and finding themselves fighting a losing battle, the government has initiated several schemes to help them keep their homes and not have to suffer through repossession by lenders. (more…)
Tags: Mortgage Rescue, mortgages, Support for Mortgage Interest, Pre-Action Protocol, Preventing Repossession Fund, Home Owner’s Mortgage Support SchemeIt has been reported that up to four hundred thousand homeowners in the UK could be defaulting on their mortgage repayments by 2011 partly as a result of soaring unemployment levels. (more…)
Tags: mortgage defaults, unemployment, mortgagesFigures that were recently released by the Council of Mortgage Lenders have indicated that mortgage lending in the UK is continuing to rise following a very volatile eighteen months where lending levels plummeted. (more…)
Tags: mortgages, mortgage lendingAccording to industry officials there could be serious problems ahead for many middle class families who took out interest only mortgages, with many facing the prospect of being unable to move for many years to come due to plummeting property prices and negative equity. (more…)
Tags: mortgages, mortgage repayment, interest only mortgagesIt has been revealed in a recent industry report that many first time buyers have been seeking mortgage related advice in the current difficult financial climate, as they desperately try and get their foot onto the property ladder. (more…)
Tags: mortgages, first time buyersAccording to recent surveys many landlords are now selling their properties albeit reluctantly, and this is driving the cost of rents up for tenants who wish to rent a property. (more…)
Tags: rent increase, rental market, rental propertiesIndustry officials have recently predicted that property values in the UK could be higher at the end of this year than they were at the end of last year. (more…)
Tags: property market, house pricesWhilst much of the news relating to mortgage and housing affordability in the UK has been bleak for quite some time, there has been a little good news for consumers recently. (more…)
Tags: arrangement fees, mortgages, mortgage arrangement feesOver recent years mortgage fraud has become a big problem in the UK as well as in other countries and the UK’s financial regulator, the Financial Services Authority, has been clamping down on this sort of activity through taking various measures including hefty fines and bans for those industry officials that are found to be involved in mortgage related fraud. (more…)
Tags: Goldsparkle Consulting Services Limited, mortgage broker, FSA, mortgages, Grace Nmadibechi Ada UkalaIt has been reported that whilst UK banks are restricting lending to borrowers from the UK some foreign banks are hoping to increase business by taking on some of the UK consumers who are struggling to get the finance that they need from UK lenders. (more…)
Tags: prime mortgages, mortgages, bank of china mortgages, bank of chinaAccording to recent figures that have been released by the Council of Mortgage Lenders the number of mortgage defaults in the UK has been rising, and have hit a twelve year high.
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