The impact of three increases in interest rates since August will worsen the condition of many Brits who are struggling with mortgage payments and unsecured debts, said Howard Archer, from analysis firm Global Insight. He told the Guardian that consumers…
Continue reading the "‘Affordability likely to worsen for borrowers’" »
The charity has said it is concerned about the number households that are struggling to pay their mortgage, putting them at risk of property repossession. National debt policy officer Peter Tutton said that housing debt is one of the fastest…
Continue reading the "Stretched householders ‘at risk of repossession’" »
The research shows that the number of repossessions rose from 8,140 in the first half of 2006 to 8,860 in the second half. Totalling 17,000 in the year as a whole, repossessions were 65 per cent higher in 2006 than…
Continue reading the "Repossessions accelerated last year, says CML" »
According to Yorkshire Bank’s latest Housebuyers report, more than 80 per cent of first-time buyers are considering taking out a 25 year-plus home loan, while only 39 per cent would rule out a mortgage that was five times their income.…
Continue reading the "First-time buyers ‘risking all they have’" »
Since 2001, there has been a ten per cent fall in the number of adults aged under 35 who own their own home, which brings the overall figure down to 49 per cent, according to Propertyfinder. The firm said that…
Continue reading the "‘Less than half of homeowners are under 35’" »
London is not only in the grip of its highest repossession rate in more than ten years, it also has one of the highest rates in the UK, according to research for the Evening Standard. And there is no sign…
Continue reading the "London “king of the repossessions castle”" »
According to the Royal Institution of Chartered Surveyors (Rics), first-time buyers are far particularly at risk of falling behind with their mortgage repayments as interest rates go up. This means the chances of first-time buyers’ homes being repossessed is much…
Continue reading the "Rics warns of repossession misery for new buyers" »
According to the study, the number of low-income households struggling with unsecured debt fell between 1999 and 2004, regardless of whether the house was owned or rented, the Guardian reports. However, the poorest members of society are still at risk…
Continue reading the "Rising debt ‘has not ruined householders’" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
