A loan-to-value (LTV) of 60 per cent is the ideal figure for people searching for a new mortgage, a new report has claimed. Research by fool.co.uk has found that those who only need to borrow less than 60 per cent…
Some estate agents have claimed they are achieving less than one sale a week according to a new report by the Royal Institution of Chartered Surveyors (Rics). The average number of transactions per surveyor fell to 12.7 over the past…
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The rate of repossessions has grown to such an extent that some courts cannot cope, a lawyer has claimed. Andrew Leakey told the Bolton News that he believes courts are delaying other cases to handle the excess. He commented: “The…
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The government’s reforms for the property market have been criticised by a lobby group. Katy John, from the PricedOut organisation that campaigns for more affordable housing, described the changes as a “sticky plaster” that fails to address real problems. “Why…
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The Citizen’s Advice service has welcomed measures announced by the government that could help people avoid repossession. Chief executive David Harker claimed that the reforms may be an effective way of keeping families in their homes, when unexpected events such…
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Homeowners struggling to repay their mortgages should be given more support according to a property organisation. The Association of Mortgage Intermediaries (AMI) has called on ministers to intervene in the failing housing market. Director general Chris Cummings said that repossession…
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Mortgage approvals have fallen 71 per cent in a year, according to new statistics from the Bank of England. The number of new homeowner loans declined to a record low of 33,000 in July, compared with 114,000 in the same…
While insurance is often advised to protect against debt management problems arising from damage to homes, property owners may also want to consider how they may pay for home improvements. According to research from Halifax, 80 per cent of people…
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