Average London home now above £300,000
July 31, 2007 | Leave a Comment
An average London home has now passed £300,000, according to the Halifax. The price of an average home in the capital rose 4.9% in the three months to June, to reach £313,122. The UK’s biggest mortgage lender says this means that the average price is now above the threshold of inheritance tax, and way above the second tier for stamp duty (£250,000), which incurs 3%.
C&G to scrap exit fee
July 30, 2007 | Leave a Comment
Maybe there are some banks out there that listen after all. Last week one of Britain’s biggest mortgage lender, Cheltenham & Gloucester, announced that it was to remove its £225 exit charge on all newly taken-out mortgages.
Card fraud on rise abroad
July 27, 2007 | Leave a Comment
New statistics have shown that credit card fraud abroad is on the rise, and holidaymakers have been warned to be on their guard.
Inflation not dropping enough to stop another rate rise
July 26, 2007 | Leave a Comment
It appears that mortgage rate misery is set to carry on getting worse as another base rate rise now seems more likely than ever for August.
Middle earners turn to social housing
July 25, 2007 | Leave a Comment
More and more people are turning to their council in the hope of finding a home in these difficult times for homebuyers. The price of a home, although the rise is reported to be slowing down, has gone way beyond what a lot people can afford, and as a result town halls are being inundated with applications for social housing.