All Entries Tagged With: "housing market"
Mortgage Rates and 2011 Forecast for UK Housing Market
With the rise of inflation comes the prospect that we could finally see mortgage rates go up; bad news for homeowners but good news for savers. So that means what the government gives me with one hand, then will take back more with the other – something that a number of you will know only [...]
Housing market sees its first sign of improvement since 2006
Finally we have some good news regarding the housing market in England and Wales, the number of people looking to buy a property has surged in November to the highest level since 2008 reports show today.
It’s suggested it’s due to bargain hunters searching through the repossessed homes and forced
Mortgage rate cuts, what will it mean for the housing market?
The Bank of England cut the interest rate by half a percent on Wednesday we ask: what does this mean for the housing market, will it be enough to restore confidence and will the banks pass the rate cut onto the public.
Presently one building society and seven banks have cut their mortgage rates in response [...]
Fannie, Freddie, Lehman Brothers and Merrill Lynch: How will they affect the housing market?
How will all the current catastrophes affect the mortgage and housing market? Well, over the past eight years we have had a pretty good run of it in the housing market, we have seen the
U.K. mortgage-financing to be reviewed
In London this week the U.K said a review of Britain’s mortgage-financing market, although it’s believed that the government won’t respond to industry demands immediately in the call to improve the current market conditions.
Due to the downturn in the housing market, the U.K. Chancellor of
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 [...]
CHL Mortgages surprised by Bank of England's decision
As we know The Bank of England has kept the base rate at 5%, CHL mortgages was surprised by this and has decided to comment on this. Many experts in the housing market expected there to be a drop of 0.25% in the base rate, but the Bank of England’s Monetary Policy Committee decided to [...]
Upmarket estate agent Savills hit by housing slump
Savills, the upmarket estate agent has warned us today that the housing squeeze is not only affecting the UK, it is also spreading to parts of Europe and Asia, this is a sure sign that the credit squeeze is certainly taking hold.
Savills has said that their UK business is
Housebuilder Persimmon cutting 1,100 jobs after housing sales slump
It seems that the housing sales slump has taken its toll on Housebuilder Persimmon, they now have to cut 1,100 jobs, they have even warned that the housing market is set to get a lot worse.
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
Britain's housing market crisis: Mortgage approvals slump 20%
It seems that there are no signs of a reprieve in the current housing slump; Britain’s housing market crisis has now taken a turn for the worse as mortgage approvals are now down 20%, hitting an all time low. The British Bankers’ Association has said that
Nationwide records biggest monthly fall in UK house prices
Nationwide have released some shocking figures which show that UK house prices have slid to 2.5% in the month of may, this is the biggest monthly drop that the Building society have ever recorded. This huge drop came as a surprise too many economists, as they were
4.6 percent drop in mortgage applications due to rate rise
According to the trade group Mortgage Bankers Association’s, mortgage applications have fallen by 4.6 percent for the week ending May 23, this is all due to the recent rate rise. Volume has also declined in the refinance market as well by