Thrifty Loans

House Prices May Fall In Real Terms, Says Governor

The Governor of the Bank of England, Mervyn King, has warned that property prices could fall in real terms over the next four years. If house prices stagnate or rise below the level of inflation then their real values will fall. He said: “The central view in this forecast is, looking several years ahead, there’s [...]

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Rock Decision Could Be Announced Soon

The Northern Rock crisis rumbles on, but it is thought that a decision might be made about its future as early as this weekend (16 February). There is growing pressure from the European Commission, and a desire to appease MPs as they return to Parliament next week, and these could lead to a decision being [...]

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Households face financial struggle

A recent report from the Centre for Policy Studies has revealed how many households are facing a real strain financially as the result of rising taxes, bills, and living costs. Despite the two interest rate cuts over the past few months many other costs have been rising, and have been placing additional strain on household [...]

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FSA outlines risk factors for repossession

The FSA has stated that over the next eighteen months many homeowners could be at risk of losing their homes. Officials state that the risk could apply to over one million homeowners, with around 25% of those who purchased their properties, took out their home loans, or remortgaged between 2005 and 2007 at increased risk [...]

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