Archive for April, 2008

Lack of checks and easy money threaten home loan crisis in UK
Thousands of homebuyers with credit problems were allowed to take out huge loans by mortgage lenders and brokers without any checks on their income, according to an investigation by the chief financial watchdog.

House prices fall by 1% in first year-on-year drop for 12 years - This is London

This is Money

House prices fall by 1% in first year-on-year drop for 12 years This is London, UK - 3 hours ago … a time when the market for new loans appeared locked in an upward spiral. The average home in the UK now costs £178555, £1759 less than 12 months ago. … House prices fall year-on-year guardian.co.uk Year-on-year house prices dip by 1% The Press Association all 134 news articles

Home-loans market to fall further as property values continue slide - Irish Independent

Home-loans market to fall further as property values continue slide Irish Independent, Ireland - 6 hours ago In a briefing yesterday, Haven Mortgages said banks were trying to restrict lending, a situation which was slowing the home-loans market. …

Mortgages Still Available Despite The CREDIT CRUNCH
Even though it is harder for first time buyers to get near a 100% mortgage, Want 2 Buy It.co.uk will source all mortgages available in light of the current credit crunch.And if you can’t raise enough loan to value or LTV, you can always revert to saving a little so you have a lesser mortgage over your head.FAST friendly home loan advice …

Fury in the UK as interest rates are cut but mortgages go up
Mortgage lenders were yesterday accused of cashing in on the credit crunch by raising the cost of home loans hours before the Bank of England cut interest rates. In an attempt to boost the ailing economy, the Bank yesterday reduced the base rate from 5.25 per cent to 5 per cent. But the move came after two of the biggest lenders revealed plans…

Land Registry: house prices fell 0.4% in March - Times Online

Land Registry: house prices fell 0.4% in March Times Online, UK - 4 hours ago JJulian, London, Uk” I own a flat. Higher prices do not benefit ‘home‘ owners and buyers, as the prices increase it will cost you more to upgrade. …

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