Due to the recent events in the housing market, coupled with the difficulties faced by banks and building societies in their ability to offer new loans and mortgages on property purchase, potential first time buyers who may be looking to get their foot on the first rung of the property ladder have been advised to [...]
It was reported last week that a huge number of UK home owners are facing problems due to the fact that their cheap fixed rate mortgage deal was about to end and that they were unable either to afford the revised monthly loan repayments, or to be able to find a suitably cheap loan to [...]
The effects of the credit crunch have become clear for all to see in recent months, particularly in the housing market sector, with building firms, estate agents and banks and building societies all suffering the consequences and finding business extremely difficult, with many being forced to make redundancies.
The lending market is also suffering, as many [...]
It has been a tough time so far this year for many families and home owners as far as their finances are concerned, particularly for those with loans and mortgages.
It has been increasingly difficult to obtain any new type of credit over the past few months and with the economy slowing down and the cost [...]
There has been a huge drop in the amount of money which is being raised by home owners through housing equity withdrawal (HEW) loans since the beginning of this year according to a report from the Bank of England.
The Bank estimated at the end of last year that the level of money raised through HEW [...]
The slowdown in the housing market is continuing, due to the general slow down in the UK economy and the difficulty in being able to obtain a loan or mortgage to purchase a house. Prices fell once again in June, making nine consecutive months of reductions in values.
With further reductions looking very likely, home owners [...]
It seems that it’s not just younger people who are struggling with debts through loans and mortgages at the present time, but also many individuals who are nearing, or even in retirement are in a similar situation to the rest of the population of the UK.
According to a recent survey from Key Retirement solutions, a [...]
