King wants to reduce public borrowing
July 28, 2009
The Governor of the Bank of England, Mervyn King, has recently spoken out stating that he wants to see the government put greater effort into reducing public borrowing. Read more
Young would-be tenants getting ripped off online
July 25, 2009
It has been reported that an increasing number of younger people looking for a place to rent are being ripped off online. In fact, according to some officials younger would be tenants are finding themselves being conned out of thousands of pounds due to online scams. Read more
Interest rates being kept static for fourth month
July 23, 2009
This month has seen the Bank of England announce that for the fourth month in a row the base interest rate is being kept on hold, at its all time low level of 0.5 percent. Read more
Mortgage repayment reductions not going to High Street
July 20, 2009
Over the past eight months or so many homeowners in the UK with variable rate mortgages have seen their monthly mortgage repayments plummet, with the base interest rate plunging to just a tenth of the level that it was at in October of last year. Read more
Repossession levels may not be as high as predicted
July 16, 2009
The Council of Mortgage Lenders has stated recently that the level of repossessions likely to go ahead over the course of this year may not be as bad as originally estimated, and as such the agency has revised its original prediction over the number of repossessions that will take place over 2009. Read more
Many homeowners could face repossession over the summer
July 13, 2009
Officials from the housing charity Shelter have recently expressed concerns that a high number of homeowners in the UK who are saddled with high risk sub-prime mortgage loans could be facing repossession action over the course of this summer. Read more
Some mortgage lenders paying off borrowers to refinance
July 10, 2009
According to a recent report a number of UK lenders are actually giving customers money to try and get them to refinance with another lender. Read more
Homeowners turned landlords feel the financial pinch
July 7, 2009
Over the past year or two, since the downturn of the housing market and the problems that have hit the mortgage market, many people that were hoping to sell their homes have found that they just cannot find a buyer that is willing to pay the right price, and in some cases cannot find a buyer at all. Read more
Homeowners could be in for nasty mortgage shock over the next year
July 5, 2009
It has been claimed that many homeowners in the UK may be in for a nasty mortgage shock over the next year, as tighter mortgage lending regulations result in many being able to refinance to similar deals when their existing mortgage deal comes to an end. Read more
Mortgage expert warns on fixed rate mortgage increases
July 2, 2009
As the turbulence in the mortgage and financial markets continues, and the ongoing recession continues to take its toll, one mortgage expert has recently warned that the rates on fixed mortgages will increase in the near future, and already his predictions have started to come true with a number of mortgage lenders having recently hiked up their fixed rate mortgage rates within a few days of his warning. Read more