Thrifty Loans

Gardens Disappear To Property Developers

Property developers are becoming so desperate for building space that they are chasing homeowners hoping they will sell off their gardens. They hope the temptation of large cash sums will tempt householders into parting with their gardens as the credit crunch and rising prices makes life more difficult for everyone. However, the so-called ‘garden grabs’ have [...]

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Nationwide Reports Another Fall In House Prices

Nationwide – Britain’s biggest building society – has reported a fall in house prices in February, for the fourth month in a row. Average house prices fell by 0.5% in the month, leaving the annual rate of house price inflation down at just 2.7%, well down on January’s figure of 4.2%. Chief economist at Nationwide, Fionnuala [...]

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Falling Home Ownership In Brown’s Britain

Home ownership is on the decline in Britain. The percentage of people who own their own home has fallen to its lowest level in a decade, dropping below the 70%. The falling ownership figure is more confirmation that would-be first-time buyers are unable to join the property market as they would wish to. It also comes [...]

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Banks Raise Mortgage Profit Margins

Banks have increased their profit margins on fixed-rate mortgages to their highest level of over ten years, as they try to rebuild their profits. This news comes at the same time as news of an increasing number of cancelled property deals and estate agents offering discounts on asking prices. Banks are taking an increasingly tough and stubborn [...]

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