Tag Archive | "credit"
Nationwide Increases Deposits For Its Best Rates
People buying homes in London have been told by Nationwide – Britain’s building society – that they will need to pay a deposit of at least £75,000 to avoid higher mortgage costs. The building society has moved to increase deposits to get its best rates from 10% to 25%. As London house prices now average [...]
Continue reading...Gardens Disappear To Property Developers
Monday, March 10, 2008
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’ [...]
Continue reading...Banks Raise Mortgage Profit Margins
Friday, March 7, 2008
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 [...]
Continue reading...Repossessions Set To Rise in 2008
Thursday, March 6, 2008
Despite the recent fall in the Bank of England’s base rate, home repossessions are expected to hit a 12-year high this year. The number of homes expected to be taken away from their owners is forecast to reach 45,000 in 2008. The forecast also came in spite of figures showing that the 21% rise in [...]
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Wednesday, March 12, 2008
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