It has emerged that both tenants and landlords are becoming concerned about the effectiveness of one of the three tenant deposit schemes that were set up to protect the deposits of tenants, with concerns that measures that have been put into place to cut costs could actually end up affecting the quality and effectiveness of the scheme. (more…)
Tags: Renting, Real property law, Tenancy Deposit Scheme, Landlord, Law in the United Kingdom, Damage deposit, Leasehold estateOver recent months many reports have highlighted how properties have been picking up in terms of value following a year and a half of month on month falls. For many homeowners this brought some degree of comfort, but one report has suggested that the news of the house price gains will not be good news for all homeowners. (more…)
Tags: property market, house prices, increase house prices, Home insuranceWith the January sales well and truly underway many consumers are hoping to bag a bargain or two. This year it seems that it is not just High Street retailers that are offering products in the sales, as many other sectors have joined in ranging from broadband providers offering special deals on packages to banks offering great value financial products to help consumers save money. (more…)
Tags: David Black, savings products, buy products, Electronic commerce, Online shopping, broadbandOne financial industry group has recently suggested that consumers could really benefit by taking out a balance transfer credit card and transferring their higher interest credit card debts onto the card. (more…)
Tags: balance transfer credit cards, debtAccording to a recent report the supermarket retail giant Tesco could end up breaking into the mortgage market as early as 2010, which would mean that consumers will enjoy more choice and will be able to consider a mortgage from a household name that is trusted by many people. (more…)
Tags: northern rock, supermarket mortgages, Royal Bank of Scotland Group, Supermarket, tesco, Tesco Personal FinanceLast year saw the government launch a stamp duty holiday for buyers that were purchasing property up to the value of £175,000. Previously the only properties that were exempt from stamp duty were those that were up to the value of £125,000. (more…)
Tags: first time buyer, Stamp duty in the United Kingdom, Taxation in the United Kingdom, Taylor Wimpey, stamp dutyA recent report has suggested that lenders may be pushing their more expensive mortgage deals onto consumers, with deals such as short term fixes, which are being pushed by lenders, proving to be costly for consumers. Many lenders are said to be focussing on pushing deals where rates are fixed for two years or less, and which tend to be the most expensive for consumers. (more…)
Tags: mortgage, UK mortgage terminology, mortgage broker, Financial services, Mortgage loanThe Bank of England has recently reported that the level of lending to businesses in the UK has been falling. The figures were released in the central bank’s recently released Trends in Lending report, and showed that in October there had been a slightly bigger fall in lending to businesses than in the previous month. (more…)
Tags: The Bank of England, Stock market crashes, bank lending, credit crunch, Financial crises, economist, lending to businessIt has been forecast by the Centre for Economic and Business Research that house price increases next year will start to moderate and stabilise after a series of increases over recent months. (more…)
Tags: mortgage, interest rates, Personal finance, bank of england, Centre for Economic and Business ResearchRecent figures have shown that since the start of this year the cost of personal loans has been increased by banks, and this is despite the fact that the base interest rate has been at an all time low of just 0.5 percent for the past nine months. Since the start of this year the cost of a best buy loan for £5000 is said to have increased by around 1.54 percent to 10.78 percent according to reports. (more…)
Tags: loan charges, loan fees, loan costs, Financial institutions, Banking, debt, mortgage, loan products, cost of loans, bank of englandSurveyors from the Royal Institute of Chartered Surveyors have stated recently that property prices in the UK continue to be strong, and earlier this month reported that they were actually increasing at their strongest level in around three years. (more…)
Tags: property market, real estate, Chartered Surveyor, Royal Institution of Chartered Surveyors, house pricesFigures that have been recently released have shown that for the month of November there was a drop of 10 percent in mortgage lending in the UK compared to the previous month. The figures suggest that mortgage lending in November hit the lowest level since May of this year. The Council of Mortgage Lenders has stated that the mortgage lending levels of November of this year were also down by around 14 percent compared to the same month last year. (more…)
Tags: mortgage lending, mortgages, mortgage amountsRecent figures have suggested that the level of first time buyers in the UK have fallen to the lowest in the period of a year. The National Association of Estate Agents has stated that the number of first time buyers entering the property market has fallen to the lowest level this year, and is in fact at its lowest since November of 2008. (more…)
Tags: first time buyers, first time buyer mortgages