Keeping the Repossession Wolf at Bay

A recent survey reveals that while the increase in delinquencies has been relatively mild so far, arrears are expected to continue rising for some time.
I personally do not think that many lenders seriously believe that it is in their interest to force repossessions in today’s depressed market unless there is no chance that the [...]

Facing Repossession? Stay Calm and Follow These Tips to Help Yourself!

Home repossessions in UK are on the rise. Latest statistics from the Ministry of Justice show that the repossession actions rose a huge 24% in the last quarter alone. National Debtline is experiencing 30% more calls this year from people fearing getting into arrears or loosing their home.
Mortgage lenders are getting very difficult with [...]

Global Financial Meltdown: What Does Financial Crisis Mean to House Prices?

Over the last week, things have gone from bad to worse in financial markets around the world.  The crisis has by no means reached its climax yet, according to some experts. There is still some way to go.
If these pundits are even mildly correct then this crisis could potentially disrupt the very foundations of the [...]

Home Owners Facing £50 per month Higher Mortgages

HSBC, Woolwich – which is part of Barclays – and Yorkshire Building Society have raised their mortgage rats by 0.5%. The new rates will be applicable on some of their most competitive rates. In other words, if they had cheapest rates to compete for business with competitors, those rates are no longer available.
In the [...]

Global Financial Meltdown: The Most Serious Financial Crisis since the 1929 Wall Street Crash?

Have investment bankers perfected the ‘art of deception’? Is it this deception that is ultimately responsible for creating misery for so many home owners today.
A well regarded Global Research institute thinks so.
Because these bankers have access to privileged information that we do not have. They are the first to see bad signs – the [...]

Sell and Rent Back in London

Selling and renting back your home is the decisions taken never taken lightly. But people take this decision to continue to give their children and family a roof and protection from the unknowns of council housing.
Imagine this: you are in financial difficulties. I mean SERIOUS difficulties. You are a home owner and you can not [...]

Falling House Prices are Showing No Slowing Down

The housing market is on its knees and will remain so until financial institutions address the disastrous state of the mortgage funding markets. And this is unlikely to change any time soon.
You need extremely brave or stupid to be buying in this market, many experts reckon. Some people say that the house prices could fall [...]

Homes For Sale As The Economy Cools

Time, money and a little knowledge of the real estate market is all you need right now to make a small fortune. The economy is looking grim, but as the housing market falls apart, it is actually the perfect time to look for homes for sale. There are a variety of methods that will help [...]

Government Says that Britons Are Continuing to Spend More!

Office for National Statistics (ONS) said today that people spent more this August than last.
This data doe snot make sense to me. How about you?
Did YOU spent more last month than you may have last year, given these are credit crunching times?
Logic says that in the face of falling house prices and rising inflation, [...]

Will The Mega Bank Merger Halt Home Repossessions?

Probably not – is the quick answer.
HBOS was bought by Lloyds TSB last night. This will create a colossal financial giant in UK which will control about one third if the mortgage and savings market.
Big giants are hardly a good news for consumers. Therefore on that basis, it is unlikely to lower rates or make [...]