The average price of a house fell once more through the month of June by one per cent, that is nine months of consecutive decreases and the Council of Mortgage lenders (CML) has predicted that we could very well see overall reductions of up to 7% on the average property value by the end of [...]
Taking out a fixed rate deal on a mortgage two or three years ago may have seemed like a really good idea at the time and anyone who did so has probably saved quite a bit of money throughout the duration of the fixed rate period. Interest rates were low at the time and so [...]
With all the pessimism which is surrounding the housing market and the economy in general at the present time, there is little wonder that no one is willing to commit to buying a new house until things settle down and we see some level of stability return to the price of property.
Coupled with this [...]
