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Report shows that house prices continue to plummet
According to recently released figures from the Nationwide Building Society house prices in the UK are continuing to plummet, and the building society has now recorded its worst monthly fall since it began taking records seventeen years ago in 1991. The resulted indicate that the housing market is heading for the worst crisis since the [...]
Continue reading...9. May 2008
New mortgage code now in place
A new Banking Code has now come into play that will result in banks having to take more actions to help those that are struggling with their debts and finances, as well as requiring banks to take other types of action to help customers. The new Banking Code applies to building societies as well as banks, [...]
Continue reading...8. May 2008
Availability is biggest hurdle for those looking for a mortgage
According to a recent report the biggest problem that is facing those looking to take out a mortgage or remortgage is availability, with many lenders having slashed the range of deals that are on offer as a result of the global credit crunch, which has seriously affected their ability to take on new mortgage customers. Many [...]
Continue reading...7. May 2008
Negative equity could affect millions by next year
According to a recent report millions of homeowners in the UK could see themselves plunged into negative equity over the next year, where their mortgage on their home will exceed the value of the property. Negative equity is a term that has not been widely used for the last ten years, as a result of house [...]
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5. June 2008
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