Nationwide Reports Another Fall In House Prices
March 10, 2008 | Leave a Comment
Nationwide – Britain’s biggest building society – has reported a fall in house prices in February, for the fourth month in a row. Average house prices fell by 0.5% in the month, leaving the annual rate of house price inflation down at just 2.7%, well down on January’s figure of 4.2%.
Falling Home Ownership In Brown’s Britain
March 7, 2008 | Leave a Comment
Home ownership is on the decline in Britain. The percentage of people who own their own home has fallen to its lowest level in a decade, dropping below the 70%.
Repossessions Set To Rise in 2008
March 6, 2008 | Leave a Comment
Despite the recent fall in the Bank of England’s base rate, home repossessions are expected to hit a 12-year high this year. The number of homes expected to be taken away from their owners is forecast to reach 45,000 in 2008.
Rock Axes 125% Mortgage
March 5, 2008 | Leave a Comment
Finally Northern Rock has axed its 125% mortgage following a raft of criticism in the last week.
Northern Rock Still Offering 125% Mortgages
March 5, 2008 | Leave a Comment
After all that’s happened it is rather surprising that Northern Rock are still offering mortgages for more than the value of the borrower’s home.