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Archive for the ‘House Market’

What you need to know when applying for home owner loans

In this article I will be writing about the check list needed while applying for the home loans. If you are not aware of all the fees and hidden charges on the home loans, you will have to pay more money that you would have been saved if you analyze the home loans with different [...]

The World’s Economy 2009

Since the start of the earlier parts of last year the face of the worlds economy was set to fall deep into a financial depression. Top economist predicted this would happen from as far as 3 years ago but did not realize how big the massive financial meltdown would be, and are shocked to see [...]

Bankruptcy though mortgage loan structure

The UK is in a recession, and this atmosphere has forced many homeowners to face an unfortunate reality: they can no longer to afford their house. And as a result, British people are deciding to voluntarily let their homes go into Bankruptcy at an unprecedented rate. But what about homeowners that are unwilling to let their [...]

Higher repossession predicted in 2009

There is to be an increase in the amount of homes being repossessed next year, even though massive amounts of people being repossessed this year alone. An estimated 65% increase in the amount of people about to lose their homes this estimate was made by the Council of Mortgage Lenders. The government put in place last [...]

House prices to fall an additional 15%

Already this year homes all across the country a continuing to lose money an estimated £100 a day is lost on the average home in the UK, with Northern Ireland being the worst effected. The less effected area is Scotland. With so many people taking out their mortgages at a time when house prices were [...]

Mortgage lending rise, Property prices fall

It’s revealed today that Lending for mortgages has risen, and that people are slowly coming back in the market to start buying even though house prices continue to fall. From figures show by the Department of Communities and Local Government, that lending was in fact up by 15% in the month of October even with [...]

Bank of Scotland allow 6 months before repossesion

With the governments first initial plans of telling banks to give people who were struggling with their repayments on their mortgages, they wanted banks to give at least three months breathing space for them to make up repayments and not to be repossessed with this also not to incur any more charges on top.  Which [...]

Homes lose up to £100 a day halifax say

A report made by Halifax today that housing prices are as bad as they have been for 25 years. With so many people losing their homes and deciding to rent this is taking a massive tole on the housing of the UK. With so many people having so much trouble with the financial struggle in [...]

Duncan Smith says, “give council tenants stake in their homes”

Duncan Smith said today that, “i would like to see council tenants have a stake in their homes, but only ones who are whiling to work”. He says that given people a chance to own the council homes would help them get out of poverty, and get out of the circle of poverty which many [...]

45,000 People face losing their homes

Leaders of the The Financial Services Authority (FSA) have written to the top leader of mortgage lenders warning them to follow the rules correctly with people losing there homes. Mortgage lenders today reported that up to 45,000  people would lose there homes by the end of the year and many more homes are expected to [...]