BSA warns that mortgage costs could increase
November 30, 2009
The Building Societies Association has recently warned that the cost of mortgages could rise despite the record low base rate, and this is because of increasingly stringent regulations with regards to mortgage lending coupled with a battle to attract more retail deposits. Read more
Buyers rush to get properties completed before stamp duty holiday ends
November 26, 2009
Last year saw the government take steps to try and revive the struggling property market in the UK, and one of the measures that was put into place to do this was to suspend stamp duty on properties up to the value of £175,000. Previous to this stamp duty had to be paid on properties over £125,000 so the move involved increasing this threshold by £50,000 on a temporary basis. Read more
Cable comments on new FSA regulations
November 22, 2009
Following the announcement by the Financial Services Authority with regards to changes to mortgage lending regulations to prevent another financial meltdown a number of industry groups and officials have given their opinions on the measures. Read more
Mortgage default levels haven’t peaked yet
November 16, 2009
Over recent years a rising number of people have fallen behind on their mortgage repayments, with financial problems being fuelled by the global credit crunch and the recession. Read more
Right Move report a return to peak for London house prices
November 11, 2009
According to recently released figures property prices in London have managed to claw their way back to the level that they were at when they reached their peak back in 2007. Read more