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Mortgage Timebomb

propertybuyer — Sun, 11 Jul 2010 15:29:35 +0000

Norfolk in mortage timebomb warning

ADAM AIKEN, PERSONAL FINANCE EDITOR Eastern Daily Press 10/07/2010

Last updated: 10/07/2010 16:00:00

Tens of thousands of homeowners across the region are sitting on mortgage timebombs that are waiting to explode as soon as interest rates start to rise.

The alarm has been sounded following the release of figures that suggest a startling 80pc [...]

Rightmove expects three consecutive months of price falls

propertybuyer — Mon, 16 Nov 2009 15:47:15 +0000

Rightmove expects three further months of falls in asking prices following its latest index recording a 1.6% fall in November.

Asking prices fell to an average of £226,440 in November, which Rightmove attributed to the tail off of the traditional autumn buoyancy.

Miles Shipside, commercial director of Rightmove, said it expected three months of asking price falls [...]

Homeowners Trapped

propertybuyer — Mon, 09 Nov 2009 15:56:29 +0000

Homeowners ‘trapped’ in their own homes: Mortgage Solutions | 09 Nov 2009 | 10:33

Mortgage Solutions

Millions of homeowners have put their moving plans on hold due to restraints on their finances, according to the latest research from advice website Unbiased.

Unbiased has estimated that 2.5 million homeowners are living in their current home for longer than they [...]

Personal Insolvencies up to a 49 Year High

propertybuyer — Sat, 07 Nov 2009 10:13:12 +0000

This week the Insolvency Service produced a report which showed that personal insolvencies rose to a 49-year high, rising 28 percent compared to the same quarter a year ago. This is a record.

However,part of the reason for this is a new a low-cost bankruptcy plan that became available earlier this year Debt relief orders more [...]

Families Caught in Debt Misery

propertybuyer — Fri, 16 Oct 2009 20:04:00 +0000

The EDP reported today that thousands of families across norfolk are on the brink of financial ruin, with the recession taking an increasing toll on household budgets… Debt experts have suggested that up to one in three people in the county have some sort of financial issue that needs addressing.

The extent of the problem was [...]

UK House prices recovering but crisis not over

propertybuyer — Fri, 02 Oct 2009 15:23:30 +0000

Uk house prices recover to that of last year

Stock Shortage Hits Rents

propertybuyer — Tue, 29 Sep 2009 20:18:47 +0000

Homes 24 Eastern Daily Press 30 September 2009

” A shortage of properties available to let is starting to push up rent levels -thats the message from Simon arnes divisional manager of William H Brown.

Just as a shortage of property for sale is starting to push up average prices across the country, a similar scenario is [...]

Property Still Out of Reach for Buyers

propertybuyer — Mon, 21 Sep 2009 20:24:01 +0000

"Homes across our region are still beyond the reach of many first -time buyers despite a steep drop in prices from the boom years."