Morgan Stanley recently delivered a grim warning that within the next 12 months UK house prices will fall by 15 per cent, and 1.2 million people will be pushed into negative equity as a result.
Many homeowners, particularly first time buyers, have borrowed 100% or more of their home’s value when taking out a mortgage over […]
There are high hopes that the Chancellor’s intervention by way of a £50 billion mortgage bailout will help to re-stabilise financial markets and bring about the end of the beginning of the UK credit crunch.
Yesterday the Bank of England unveiled a £50 billion scheme designed to restore confidence into the ailing mortgage market. The plan, […]
Many households will be pushed over the edge into bankruptcy this year as borrowing channels dry up as a result of the international credit crunch.Â
A report from the TDX Group, which provides detailed debt-collection information to lenders, claims that about one millions consumers are struggling with ‘problem debt’, at an average of around £25,000 each. […]
