All Entries Tagged With: "government"
Government home rescue package: Rent first, buy later
The UK government met yesterday to try and come up with a rescue plan for Britain’s ailing housing market. The rescue package includes a first-time buyers’ “rent first, buy later” scheme along with a new plan that will let councils work with local housing firms to develop surplus land for homes.
How can the government save the UK mortgage market?
The CML have now urged the government to step in and act quickly to try and resolve the current funding problems in the UK mortgage market. The Council of Mortgage Lenders are said to be unhappy with the Crosby Review, this was set up by the Chancellor to find out how they can restart the [...]
IndyMac Federal Bank: new name for mortgage lender
The Federal Government has now taking control of IndyMac; the trouble bank has been called the second-largest bank failure in the U.S. history. It has been reported that IndyMac have transferred control of the bank that is worth $32 billion over to the Federal Deposit Insurance Corp.
Natwest value bungalow at £1: couple seeking compensation
A couple decided to have their home valued, only to be told by Natwest that it was only worth £1. The reason for this low value was because it is very close to the sea; this is due to costal erosion.
Jane Archer and partner Chris Cutting decided that they
Could suspending stamp duty revive the housing market?
As we know the housing market is facing a bit of a crisis at the moment, as a result the Association of Home Information Pack Providers (AHIPP) is asking that the Government to suspend stamp duty, in the hope that this could help to revive the ailing housing market. Things are set to get
Scottish government to help troubled borrowers
As you know if you want to borrow money from a mortgage lender, things are a lot tougher than they have been for years, but the Scottish government wants to help. The Scottish government has unveiled a new set of measures, which are all designed to
UK councils needs to adopt mortgage support plans like the US
There have been a number of calls for local councils to do more to assist homeowners, who are struggling to keep up with their mortgage payments because of the current credit crunch. The report from The New Local Government Network’s (NLGN) ‘Good Housekeeping, have asked l