Tag Archives: mortgages

Tapping Pensions For Deposits

Posted on 24th September 2012

 
There’s been a lot of hot air this week: Yes, you guessed it, its Party conference season. Politicians have taken the week off to engage in their respective annual conferences and as per usual, there have been some crackers. Yesterday, Nick Clegg announced at the Liberal Democrat conference in Brighton of his audacious strategy to give the young a rung on the property ladder.
Rising costs
With the soaring price of property deposits and the average age of first-time-buyers rising to 35, Clegg has advocated releasing parent […]

Social Housing to Be Sold?

Posted on 22nd August 2012

 
The government has announced plans to sell social housing in more expensive areas, and re-invest the money raised to build new social homes in cheaper areas. The plans come on the back of a report from think tank the Policy Exchange, that showed that one in five social housing tenants is living in a home worth more than the average privately owned property in the local authority in which they stand.
Proposal
The report recommends that as properties become vacant, they should be sold. At current vacancy […]

Mortgage Changes Across the Country

Posted on 4th July 2012

 
Clydesdale Bank has released a new report that shows that a high percentage of homeowners around the UK have to re-evaluate their finances due to the current economic climate. As a result, according to the research, one in ten is considering remortgaging, paying off their mortgage or making over payments to their mortgage over the course of the next 12 months.
Specific Areas
The figures that have come from the report show that the people who are living in the Midlands are the most likely across the […]

A 40 Per Cent Drop in House Sales Over the Last Five Years

Posted on 13th June 2012

 
A 40 Per Cent Drop in House Sales Over the Last Five Years
As we all know moving house is getting tougher and tougher but now it appears that activity in the housing market is slowly collapsing as it is now down by two fifths over the last five years.
The Royal Institution of Chartered Surveyors (RICS) conducted a report and found that during the three months up to May there were only 15 completed sales for each surveyor, compared to the same time in 2007, which […]

Big Brother is checking your bank account

Posted on 1st September 2011

It would appear that landlords may well be the subject of informal credit checks by their mortgage providers according to a report published by several High Street lenders in the UK.
Banks partly state owned
In what many view as a public relations gaffe, it won’t help that some of the lenders in question are part owned by the tax-payer via the Government and accusations of a Big Brother attitude by the Government have already been mentioned.
Investigation will involve thousands of accounts
In what can only be described […]