The global credit crunch that financial institutions are currently suffering is partly a result of the collapse of the sub-prime mortgage sector in the US. This situation has led to massive losses for many financial institutions.
Repossessions in the UK could hit as much as 70,000 in the coming year, which will be the highest rate […]

After a number of announcements this week showing that house prices have been falling by their fastest rate in 15 years, the big question arising in many quarters now is, is investing in property still a sensible move?
Experts seem to all take a fairly similar view; first of all you have to take a relative […]

Demand for property has dropped off considerably in recent months as buyers hold back from putting in offers on new homes as long as they are not sure which way the property market is going to go. However it is not only buyers who are holding back, sellers too are biding their time too waiting […]

It has been revealed that more than 10 million British adults are living on the edge of financial ruin as a result of being unable to deal with the rising mortgage prices and other debt they have incurred over the past few years.
There are currently large portions of the UK population gripped by money problems […]

Many borrowers are having a tough financial year since lenders begin tightening up on their lending last year. Many lenders have already cut their short-term fixed rate mortgages as a result of what they claimed to be the fallout from Northern Rock and the global credit crunch.
Financial hardship is hitting those coming to the end […]

The Financial Services Authority (FSA) has revealed that mortgage brokers are offering loans that they know are unaffordable and willingly letting customers get away with giving false information about exactly how much they are actually earning.
It has been three years since the FSA took over regulation of the mortgage market and it is now revealing […]

With banks and credit card companies tightening their belts when it comes to lending an increasing number of us are finding it more and more difficult to secure credit, however there are a few steps you can take in order to avoid becoming a victim of the credit crunch as well.
One of the easiest ways […]

In a move to repay government lending, Northern Rock are set to slash 60% of their home loan customer base.
Since the government bailed out the beleaguered lender earlier this year, it has been holding £24bn of government funds, a figure it aims to reduce to £1bn by 2009.  It aims to do this by refusing […]

The Land Registry currently estimates that the average house in England and Wales cost somewhere in the region of £183,896. Halifax, whose estimate includes Scotland and Northern Ireland, puts the figure somewhat higher at £198,500.
While these estimates differ by roughly £15,000 which is a substantial amount the message both indexes give is the same; House […]

It is becoming more and more difficult to find a good mortgage deal, especially since lenders are increasingly tightening their belts in the wake of the global credit crunch.
Banks are getting rid of deals as fears that the UK could be heading towards its first property crash in 17 years begin to mount. The number […]