Property Market stagnates – as mortgage lenders tighten up on product criteria.
House Prices have seen its sharpest drop since the 1990s. Halifax reported a fall in house prices by 2.5 per cent during March 2008.
The overall growth has been at its lowest this year as house prices across the country is just 1.1 per cent [...]
Archive for the ‘Loans’ Category
Property Market Slows
Posted in Loans, Mortgages, tagged CK Financial Solutions, ckfs, interest rates, mortgage lenders, Mortgages, re-mortgage on April 9, 2008 | Leave a Comment »
Banks Withdraw from lending
Posted in Loans, Mortgages, tagged bank of ireland, first direct, first time buyers, mortgage, Natwest, scottish widow, sub prime mortgage on April 2, 2008 | Leave a Comment »
There’s been an influx of sub prime borrowers coming out of their fixed rates and looking for better rates, but they are being refused because these types of mortgage application are seen as high risk. Borrowers are advised to ensure all their payments are on time due to lenders being very picking with applications they choose [...]
Good mortgage deals are still available
Posted in Loans, Mortgages, tagged CK Financial Solutions, ckfs, mortgage, mortgage brokers, secured loans on March 31, 2008 | Leave a Comment »
Mortgage arrears and repossession seems to be at it highest in the last 10 years.
Citizens Advice reports show that home owners in England and Wales saw mortgage arrears rise by 35% in the first two months of 2008 compared to 2007. With the increase in living costs such as Gas, Electric, food, borrowers are [...]
Banks Ride Credit Crunch
Posted in Loans, Mortgages, tagged banks, Credit crunch, Mortgages, re-mortgage, secured loans on March 27, 2008 | 1 Comment »
British Banks have been applauded today for holding out well against the credit crunch.Banks have survived largely by being highly selective as to which customers to take on and by making sure their assets have more liquidity.
Banks are recommending that potential customers have a good credit record. Those with stains on their credit history are [...]
