Why are mortgage rates increasing when the wholesale cost has fallen?

Published on January 31, 2011 | Author: 

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If your mortgage is becoming unaffordable sell your home fast The question being asked by many homeowners is why are mortgage lenders increasing interest rates and scrapping their best deals when the housing market is already in crisis and their own borrowing costs have fallen? The result is that some families get to thinking “I [...]


Sell Property Fast Before Prices Fall Further

Published on January 28, 2011 | Author: 

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Moor Doom And Gloom For The Property Market Hometrack released figures yesterday which revealed that house prices are 2.2% down on the same time last year after having fallen for the last seven consecutive months. Their report, which includes figures from over 5,000 surveyors and estate agents found a 0.5% fall in prices this month, [...]


Britain’s Most Vulnerable Cities

Published on January 24, 2011 | Author: 

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Swansea, Newport, Sunderland, Liverpool and Birkenhead hit worst by recession A study by the think tank Centre for Cities has found that Swansea, Newport, Sunderland, Liverpool and Birkenhead are the most vulnerable British cities attempting to recover from the recession and deal with the public spending cuts. The report states that these cities wont feel [...]


4.8million people will struggle to pay mortgages

Published on January 20, 2011 | Author: 

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2% rise to rates will increase monthly payments by £200 a month A survey commissioned by the financial markets insurance specialist has found that when interest rates rise by 1%, 90,000 people will find it difficult to pay the extra £50 needed to cover their mortgage payments each month.    If they rise by 2%, 4.8million [...]


How Low Can It Go?

Published on January 19, 2011 | Author: 

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What Does The Future Hold For UK Property. Mortgage lending is at its lowest for over 8 years. Even though some people have suggested that the UK property market has signs of recovery, but this shocking statistic shows that this is highly unlikely. There was a major surge in demand towards the tail end of [...]


When Will Interest Rates Rise?

Published on January 19, 2011 | Author: 

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We Are Here To Help. Ernst & Young has warned the Bank of England to not raise interest rates even though we are facing 12 months of soaring inflation. In December 2010 inflation was 3.7%, so economists expected the bank of England to increase interest rates earlier than first thought. Ernest and Young has said [...]


House Prices May Drop A Further 7% Says Howard Archer

Published on January 17, 2011 | Author: 

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20% Deposits Still Being Demanded, Remortgages Fell 12% In 2010 The Council of Mortgage Lenders have released figures showing extremely poor levels of mortgage approvals for October and November 2010. November only saw 44,000 approvals, down 15% on November 2009 when we saw a flush of sales due to buyers racing to avoid the stamp [...]


Property Sales Down 33% On This Time Last Year

Published on January 14, 2011 | Author: 

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House Price Growth Below Inflation According to the LSL/Acadametrics House Price Index, house prices in England and Wales fell an average of 0.2% in December to £222,827. The LSL/Acadametrics House Price Index is said to be the only true measure of house price inflation as it is the only index which claims to take into [...]


Housing Crisis In Ireland Getting Worse

Published on January 13, 2011 | Author: 

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Increased unemployment, public spending cuts  and economic uncertainty lead to further price falls According to the Royal Institution of Chartered Surveyors, the housing market crisis is getting worse in Northern Ireland. It has been reported, after the results of the latest RICS housing market survey, that house prices and property transactions will continue to fall. [...]


The Bank Of Mum & Dad!

Published on January 12, 2011 | Author: 

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Is This The Answer To Getting On The Property Ladder? Hitachi and financial services group has team up with one of the major player in the house building industry Barratt Homes. Their plan is to offer financial assistance to parents who are trying to help their children buy their first home. They are offering a [...]


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