Housing demand down
August 27, 2007 | Leave a Comment
Housing demand reduced in July at its quickest rate for three years. It appears to be another sign that buyers are finding it harder to move house after all the recent rate rises.
Firms unhappy with banks attitude to IVAs
August 24, 2007 | Leave a Comment
There has been an increase in the number of bankruptcies in the UK. According to figures from the Ministry of Justice the total number of bankruptcy petitions was up to a new twelve-monthly record of 54,536 in the year to June. However, high street lenders have now been accused of preventing thousands of families in financial straits from accessing debt settlements which pull up short of bankruptcy, which has led to an increase in bankruptcy numbers.
HIPs: RICS update
August 23, 2007 | Leave a Comment
Home Information Packs (HIPs) have been with us for a week and a half for properties of four bedrooms and greater. The Royal Institution of Chartered Surveyors (RICS) has put together some guidelines on vary aspects of the scheme since it went live on 1 August.
Open market homeBuy scheme: Governments new idea
August 23, 2007 | Leave a Comment
The Open Market HomeBuy scheme has been questioned after the government revealed that it had not produced sufficient interest through the participants at Halifax, Yorkshire BS, Nationwide and Advantage. In addition the government has proposed a new 17.5% equity loan which is independent of any lender.
Lenders lend too much to gain custom
August 22, 2007 | 1 Comment
Although it helps them find the property of their dreams, homeowners are saying that it is now too easy to borrow more money than people can sensibly afford.