There have been a lot of changes in the mortgage or home loan market over the course of the past twelve months, with a large percentage of the number of deals available being withdrawn by lenders altogether and the vast majority of those deals which remain becoming subject to much stricter lending criteria covering things [...]
There was some good news, earlier this week, for those individuals who have been trying to get their feet onto the first rung of the housing ladder, as the Government eventually announced its plans to help the mortgage loan and housing market, which included new incentives specifically aimed at providing assistance for first time buyers.
Apart [...]
The Government has been promising some action to help the ailing housing and mortgage loan market for some time now and many people working within the industry have been eagerly awaiting the outcome with baited breath, whilst potential buyers have put their plans to buy a house on hold until they find out what new [...]
We have reported recently on the growing number of home owners who are being threatened with repossession by their lender for failing to keep up with the monthly repayments on their mortgage or home loan and also on the view taken by the Financial Services Authority (FSA), who expect lenders to take a more sympathetic [...]
For the past year, since the beginning of the credit crunch, we have all read and heard the reports about how much house prices have fallen across the UK and the worries many people with mortgages and home loans are having with regard to the potential for negative equity on their homes.
Although the various reports [...]
There was more bad news for home owners across the UK yesterday as the Nationwide Building Society published its latest figures for the average price of a house for the month of August.
According to the report, the average price of a house in the UK is now down to £164,654 from £169,316 for the month [...]
Since the beginning of the credit crunch last year, we have seen mortgage and home loan providers withdraw the vast majority of their products from the market and severely tighten the lending criteria imposed on those which remain.
One of the biggest casualties in this area has been the high loan to value ratio mortgages, which [...]
