All Entries Tagged With: "housing"
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.
Families who have homes repossessed face six-year housing wait
As if the fear of losing your home as you slowly fall behind with your mortgage payment was not enough, there is now reports that families who have their homes repossessed because of defaulting on their mortgage payment, have been warned that they
Recovery of house prices could take more than four years
If you thought that the fall in house prices was just a minor blip, then you had better think again. It seems as if we are in for a long bumpy ride, one that could take more than four years to recover from. House prices have now been falling for the
100% mortgage borrowers now facing negative equity
If you are one of the 23,200 borrowers who took out a 100% mortgage in the year up to March 31st, then the BBC has said that they could now be facing the prospect of negative equity. This is the result of falling house prices hitting the UK, so your
250,000 mortgage holders fall into negative equity
It looks as though things are starting to look even bleaker for mortgage holders, as news has come to light that over 250,000 mortgage holders fall into negative equity. There are also reports that more than a million home owners with a
Mortgage brokers giving up licenses or quitting due to housing crisis
The housing crisis that is hitting the U.S. is having a massive affect for mortgage brokers, many are giving up their licenses, some are just walking away and quitting. The reason for this is due to underwriting standards rising as home sales have
Mortgage brokers not getting best deal than going direct to lenders
As we all know, the Mortgage industry is in a bit of crisis, because of that you would have thought that your mortgage broker would be able to get you a great deal. There are so many adverts on the news, advertising a range of