Archive | August, 2007
Open market homeBuy scheme: Governments new idea
The Open Market HomeBuy scheme has been questioned after the government revealed that it had not produced sufficient interest through the participants at Halifax, Yorkshire BS, Nationwide and Advantage. In addition the government has proposed a new 17.5% equity loan which is independent of any lender. The original scheme was launched in October last year. It [...]
Continue reading...Lenders lend too much to gain custom
22. August 2007
Although it helps them find the property of their dreams, homeowners are saying that it is now too easy to borrow more money than people can sensibly afford. Research by Sesame reveals that 74% of homeowners thought it was too easy to borrow money that they could not really afford. Only 8% of people thought they [...]
Continue reading...House prices up 40% by 2012
21. August 2007
The National Housing Federation has forecast that house prices will continue to rise, increasing by 40% in only the next five years. This would take the value of the average property over £300,000. The Federation says this is likely to happen in spite of the government’s plans to increase its house building rate. Since 1997, incomes [...]
Continue reading...Fixed rate mortgages: some good news
20. August 2007
There do seem to be some chinks of light in the darkness of mortgages. After months of soaring rates, and sky-high fees good news is seeping through. Last week a number of lenders announced that they would not increase exit fees once they had been contractually agreed; some lenders even announced that they were going [...]
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23. August 2007
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