Crisis
Tenants are ‘recession victims’
Campaigners are urging the government to help protect thousands of private tenants facing eviction as landlords increasingly fall into mortgage arrears.
The Citizens Advice Bureau, Shelter, Crisis and the Chartered Institute of Housing have joined forces to highlight what they say is a growing problem.
They want new laws in England and Wales to give tenants more [...]
How low will house prices go in 2009?
This past year will go down as the one in which the property market raced from boom to bust.
In the autumn of 2007 prices began to fall each month as the international banking crisis took hold.
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Buy-to-let mortgage market not dead
An interesting report on Buy to Let mortgages here
The phrase buy-to-let can refer either to the investment strategy of buying a residential property to be let for profit; or to a particular category of mortgage used to purchase a property for letting.
For many years landlords have invested in residential property to be let for [...]
House Prices
Excellent article on house prices here:
http://www.thinkmoney.com/expert-mortgage-views/1370/house-prices.asp
Lehman Brothers Bankruptcy Press Release
AS PREVIOUSLY ANNOUNCED, LEHMAN BROTHERS HOLDINGS INC. FILED CHAPTER 11; NO OTHER U.S. SUBSIDIARY OR AFFILIATE, INCLUDING ITS BROKER-DEALER AND INVESTMENT MANAGEMENT SUBSIDIARIES, WAS INCLUDED IN THE FILING
NEW YORK, September 15, 2008 – Lehman Brothers Holdings Inc. (“LBHI”) stated that it has filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the [...]
Lehman bankruptcy rocks the world markets
The announcement of the Lehman Brothers bankruptcy after putting too much money into sub prime mortgage bonds.
Below is a link to an excellent article by The Guardian – an FAQ on the Lehman bankruptcy.
Could the US government have stepped in?
The US treasury has reached the limit of taxpayer funds it is willing to gamble on [...]
Mortgage News Roundup
Mortgage Article / Blog of the Week:
Nationalise Mortgage Lending
A thought provoking article from a premier UK politics blog.
Full Mortgage News roundup:
Major players who backed the $12 trillion US mortgage market
Mortgages: what a difference location makes
White House Blames Congress for Mortgage Takeover
Bankers: Mortgage takeover will benefit housing market
China and Japan hail US mortgage rescue as [...]
The Essentials On Bad Credit Mortgage Refinancing
If you are a homeowner with less than desirable credit, you can still refinance your current mortgage with a competitive loan offer. Poor credit will not prevent you from refinancing your mortgage; it simply means you will have to work harder to do it. Here is what you need to get started refinancing your mortgage [...]
Read Full Post | Make a Comment ( None so far )Mortgage Rescue Schemes
As the goverment announces a £1bn mortgage rescue scheme, The Guardian looks into the concept and practicalities of mortgage resuce schemes.
Given the option, few people would choose to be a housing association tenant ahead of being a homeowner.
Tenants have fewer rights, no financial stake in their home, and arguably greater social stigma.
But if the alternative [...]
Think Money warns boom in rental market indicates ongoing trouble for mortgages
Financial solutions company Think Money have warned that a recent boom in properties put up for rent may indicate further trouble in the housing market towards the end of 2008 and going into 2009.
Recent findings by RICS (the Royal Institution of Chartered Surveyors) have shown a significant surge in the number of homeowners being forced [...]
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