House Prices Fall By 1.5% In February 2010
Published on March 4, 2010 | Author: admin
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Where does it leave you?
The Halifax recorded a house price fall of 1.5% in February, knocking almost £2,500 of the average house price, the first fall since June 2009. They have also said that the market has slowed in recent months.
It is believed that the drop has been caused by the poor weather, more properties being put up for sale and the end of stamp duty relief.
The weather has meant that potential buyers have been less likely to travel or leave their own homes.
The stamp duty threshold had been increased to £175,000 for over a year but reverted back to £125,000 on 1st January 2010. This has put off buyers able to purchase properties priced around the current average house price of £166,587.
The Council of Mortgage Lenders reported that gross lending for home loans fell by 32% in January this year in comparison with December 2009 to a 10 year low of £9.1bn.
You can’t not rely on the weather, lenders or new instructions to help you sell your house. But you can always trust Quick Cash For Properties to arrange for a quick property sale whenever you need it. Call our specialist home buyers on 0800 933 6137 and discuss your needs with us.
Highest Repossession Rates In 14 Years
Published on February 25, 2010 | Author: admin
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How to avoid your home being repossessed?
The Council of Mortgage Lenders have detailed that an average or 126 homes a day were repossessed in 2009. The total number of repossessions reached 46,000, the highest in 14 years.
The good news is that the rate of repossession is apparently slowing down with 13% less repossessions in the fourth quarter of 2009 than the third. However, at the end of the year 188,300 mortgages were still in arrears.
If you need help to avoid repossession, call Quick Cash For Properties on 0800 933 6137 and leave everything to our repossession experts.
Record Numbers Seeking Debt Advice
Published on February 25, 2010 | Author: admin
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Pay off debts with Quick Cash For Properties
At the end of 2009, the Citizens Advice Bureau stated that a record number of people in debt have been seeking their help; 2.27 million during the year. Debt and benefit issues now account for 60% of the Citizen Advice Bureau’s workload and they are currently dealing with 9,500 new debt cases every working day.
Equifax conducted a survey at the beginning of this year which showed that 20% of their customers have less income due to reduction of hours, pay cuts, lack of overtime or bonuses. This reduction in pay is putting pressure on family budgets and a third of those surveyed felt they were in debt as living expenses and the cost of most essentials increased last year, despite interest rates dropping.
If your debt reached unsustainable levels, Call Quick Cash For Properties on 0800 933 6137 – we can help you become debt-free tomorrow.
