AA Legal Services suggests that thousands of first-time buyers in the UK are failing to avoid a range of financial pitfalls because of their desperation to get a foot on the housing ladder. Research by the company shows that 66…
Continue reading the "Warning over ‘home buying pitfalls’" »
The Times argues that there are as many as 420,000 empty homes across the UK and suggests that, instead of building new properties to help reduce the amount of debt being taken on by first time buyers, the government should…
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The Bank of England has put up interest rates by 1.25 per cent over the course of the past year in an effort to cool inflation, but new figures have found that the London luxury property market continued to grow…
At present, mortgages fixed at a certain rate of interest for five years or more account for just eight to ten per cent of the total UK market, with the vast majority of under ten years in duration, according to…
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However, the potential slowdown has come at a price, with interest rates now 1.25 per cent higher than they were a year ago, meaning that many people are facing debt problems despite a cooler market. It seems that the property…
Market researchers at Datamonitor say the sub-prime market which facilitates mortgages for those people with poor credit histories is set to grow at a quicker rate than the mainstream market. The firm said that it expected the market would reach…
Mr Holmes, operations director at First Rung, insists that it is the spectre of unmanageable long-term debt levels and not concerns over stamp duty or the tendency to overspend that is keeping young consumers off Britain’s housing ladder. To make…
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Figures from the financial comparison firm show that more than 460,000 mortgage repayments have been missed in the last six months at a rate of close to 77,000 per month. And with the base rate of interest rising from 4.5…
Continue reading the "Research highlights ‘homeowner distress’" »
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