- Thursday, April 23, 2009, 12:23
- Household Finances, Mortgages
The Government have this month confirmed extra help for those struggling with
mortgage repayments in the form of the Homeowners Mortgage Support scheme, but what does this mean for you and how can you make the most of it?
What is the Homeowners Mortgage Support scheme?
The HMS scheme has been introduced to help homeowners who experience ...
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- Thursday, April 23, 2009, 12:17
- Mortgages
According to statistics released by HM Revenue & Customs, 60,000 homes worth at least £40,000 each were sold in March, compared with 43,000 in February, representing a 40% increase in sales.
Sales in spring are always higher than earlier in the year, but when seasonally adjusted, the figures still show a 13% rise. These findings are supported ...
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- Wednesday, April 22, 2009, 11:09
- Mortgages
This week, the government launched the homeowner mortgage support scheme (HMS), designed to help homeowners who are unable to meet their
mortgage payments after a sudden drop in income.
The scheme will be available to any homeowner who suffers an unexpected drop in income through redundancy or a cut in wages or hours, except those ...
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- Wednesday, April 22, 2009, 11:03
- Mortgages
With the Bank of England base rate currently standing at 0.5%,
homeowners still struggling to meet repayments will be hoping for good news from Chancellor Alistair Darling when he gives his budget speech later today.
If you are a homeowner, here are some things to look out for in today’s budget announcement:
1.Extension to increase in stamp ...
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- Tuesday, April 21, 2009, 11:51
- Loans, Mortgages
A third of Britain’s over-65s are still paying off
mortgage debt, according to
equity release provider Key Retirement Solutions (KRS).
The report suggests that retired people in the UK face £140 billion of mortgage debt, with the average mortgage debt for those aged 65 and over currently standing at £43,069. And the burden does not ...
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- Tuesday, April 21, 2009, 10:59
- Mortgages
First time buyers struggling to get their foot on the property ladder were given a glimmer of hope on Saturday as the Telegraph predicted an extension on the current tax exemption for house sales under £175,000.
The threshold increase from £125,000 to £175,000 was announced in September 2008 and was intended to last one year. According ...
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- Tuesday, April 21, 2009, 10:55
- Mortgages
The latest report from property website Right Move suggests that UK house prices are finding their feet, with new sellers raising their average asking price by 1.8% (£3,996) to £222,077.
This rise is the largest for 14 months and represents the third consecutive month of recorded growth, suggesting that the housing market may be in the early ...
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- Monday, April 20, 2009, 10:42
- Mortgages
More home owners than ever before are looking to avoid long chains and hefty estate agency fees by swapping their houses, according to several classified services.
Releasing figures for the first three months of 2009 by classified ad website Viva Street showed a 32% increase in home swapping ads on the previous quarter and 209% increase on ...
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- Friday, April 17, 2009, 12:24
- Mortgages
A new report from the Council of Mortgage lenders suggests that over 900,000 UK homeowners are currently in negative equity to some degree.
The shortfall being experienced by the majority of homeowners is modest, equating to around 10% of property value; with a further significant amount of homeowners in very low positive equity.
Despite the vast numbers of ...
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- Tuesday, April 14, 2009, 11:22
- Interest Rates, Mortgages
The Bank of England Monetary Policy Committee has voted to maintain the Base Rate at 0.5%.
This is the first time the Bank has not lowered the base rate in many months; the last drop came in early March, when the committee lowered the rate to 0.5%.
Following this, new data released by the Council of Mortgage Lenders ...
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