Mortgages
Housing crash worse than feared as prices slump by 2.4 per cent
Britain is heading for a housing recession deeper and more painful than even the most pessimistic of observers thought possible, with price falls rivalling those seen in the slump of the early 1990s.
Inside Mortgages
The Mortgage Clinic: 'I need to remortgage – but have no equity'
Wednesday, 11 June 2008
'I bought my first flat in 2006 and took out a two-year fix for 5.9 per cent, as it was a near-100 per cent loan with Northern Rock. I need to remortgage and have barely any equity in my property; my loan-to-value is still 97 per cent. Where am I going to get a mortgage? Do I have any choice other than to go on to Northern Rock's SVR?' HR, Newcastle
Don't bite the 'magic bullet': beware of quick fixes if you fall behind on your mortgage
Sunday, 8 June 2008
'People feel the bills mounting up and then they are falling behind with their mortgage. Often they do not face up to it until they are being taken to court. Sadly in about one in five cases we advise on, we have to tell people they will lose their home."
The Mortgage Clinic: 'Don't rush in to buying for fear of missing out'
Wednesday, 4 June 2008
'I've seen a bargain £180,000 property at an auction in mid-June. As a first-time buyer, I have an agreement in principle but am terrified that the credit crunch will scupper the deal, and the mortgage won't be approved in the required four weeks – losing me a 10 per cent deposit. Am I worrying for no reason? Or should I buy via the normal housing market?' Stuart Telling, Cumbria
Mortgage approvals fell to new low in April
Tuesday, 3 June 2008
There was little sign of an end to the pain in the property market yesterday as the number of new mortgages approved for house purchase slumped in April to a record low, beating even March's record-breakingly poor performance.
The next banking crisis?
Tuesday, 3 June 2008
Yesterday's announcements from Bradford & Bingley were not the first time the former building society had alarmed the market this year.
Loans for new purchases slump by 40 per cent
Sunday, 1 June 2008
Further evidence has emerged of the torpor in the mortgage market. The British Bankers' Association (BBA) has reported that the number of new loans taken out to purchase a property in April was down 39.4 per cent on the same month a year ago.
Doors open for new buyers. But will they like what's inside?
Sunday, 1 June 2008
With so much turmoil in the mortgage market, finding a good deal has become increasingly hard for borrowers – and especially tough for those who can raise only a small deposit.
House price falls hit gloomy record
Thursday, 29 May 2008
House prices fell by 2.5 per cent in May, the Nationwide said today. The figure represents the biggest monthly fall recorded by the building society and is much worse than the 0.5 per cent expected by most economists.
The Mortgage Clinic: 'Why can't my broker get me the best deals?'
Wednesday, 28 May 2008
Q. 'I'm currently using a broker to hunt for a £130,000 mortgage, but the cheap offers that I've seen advertised on the web aren't available via him. Why not? Should I carry on employing him or go direct to lenders instead?' JT, Cheshire
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1 Housing crash worse than feared as prices slump by 2.4 per cent
2 'We've been wrongly taught that our property can be our pension'
3 Savers offered deals paying up to 10%
4 Julian Knight: Is Tesco's cover the finest? Use your loaf
5 Is this as safe as the Banksy of England?
6 The Mortgage Clinic: 'I need to remortgage – but have no equity'
7 Cherry Reynard: Can my tax-free cash cross the Irish Sea?
8 Don't hire cowboys; you'll only shoot yourself in the foot
9 Can you afford it? Georgian townhouse, Edinburgh
10 Revealed: the truth behind the housing market scare stories
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6 Housing crash worse than feared as prices slump by 2.4 per cent
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9 'We've been wrongly taught that our property can be our pension'
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