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.

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…

loan, home loan, car loan, personal loan, secured loan, mortgage loan, bad
loan, home loan, car loan, personal loan, secured loan, mortgage loan, bad credit loan, home equity loan, unsecured loan, consolidation loan, business loan, homeowner loan, cheap loan, debt consolidation loan, loan uk, commercial loan, online loan, flexible loan, loan calculator, fast loan, bridging loan, holiday loan, unsecured personal loan,

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.

Why build houses if the mortgages aren’t available? - Times Online

Investment Markets

Why build houses if the mortgages aren’t available? Times Online, UK - 11 hours ago The UK’s muddle-along housing strategy is a disaster. Either accept the US model where booms get followed by slumps, or build more affordable housing and … Persimmon postpones start on new homes as sales fall by a quarter guardian.co.uk all 40 news articles

One UK home in 10 ‘to fall into negative equity’ (Times Online)
UK house prices are forecast to fall by 15 per cent over the next two years that would push 10 per cent of Britain’s homeowners into negative equity, signalling a return to the housing crash of the early 1990s.