Over the course of the past twelve months, we have seen a drastic reduction in the number of mortgage and home loan deals which are currently available on the market, as banks and building societies have been hit with the effects of the credit crunch, creating liquidity problems in the whole sector due to the [...]
There has been a lot of turbulence and uncertainty in the housing and home loan markets over the past twelve months, since the beginning of the credit crunch, with the prospect of falling house prices and a much smaller choice of more restrictive and expensive mortgage and home loan products than at the same time [...]
Since the beginning of the credit crunch last year, there has been an ever increasing number of people struggling to keep up with their mortgages and home loans and the council of mortgage lenders (CML) predict that there will be a huge increase in arrears on mortgage loans and that repossessions are likely to reach [...]
As banks and building societies continue to tighten their lending criteria on mortgages and home loans due to the effects of the credit crunch, the amount of deposit required by someone looking to buy a house has increased once again, whilst the average income multiple which has been granted on a new home loan has [...]
There is more bad news for families living in the UK today, who are struggling to budget their household bills and would welcome an interest rate cut to reduce the cost of their mortgages and loans, as the Office for National Statistics released the latest figures for the rate of inflation for the previous month.
The [...]
Landlords in the UK are finding it increasingly difficult to maintain any profit from their property portfolios as the buy to let market is continuing to be hit by the effects of the credit crunch.
The first problem is that the number of lenders who offer buy to let mortgage loans has reduced along with the [...]
As the credit crunch really began to take hold of the UK economy at the beginning of this year, the Council of Mortgage Lenders (CML) issued a stark warning that up to 45,000 homes were likely to be repossessed through the course of 2008 due to borrowers failing to keep up with the repayments on [...]
