Housing market slump could be worst since 1970s, lenders warn
House sales could fall to their lowest level since the mid-1970s the Council of Mortgage Lenders warned yesterday, as it predicted a drop in prices and a halving in the mortgage market as a result of the credit crunch.
Continue Reading… Posted by Abbey on May 22, 2008
Many face chop from housing list
Thousands of people who applied for a council home are being warned they face being struck off Falkirk’s housing list unless they re-register.
Continue Reading… Posted by Abbey on May 22, 2008
Property slump pushes British Land into loss
British Land, the commercial property group, turned a huge profit into a £1.61bn loss last year after making large write-downs on the value of its portfolio.
Continue Reading… Posted by Abbey on May 22, 2008
Redrow downbeat on housing market
House builder Redrow has added to the gloom surrounding the housing market by reporting rising cancellation rates.
Continue Reading… Posted by Abbey on May 16, 2008
Shocking rise in home repossession threats
HOME repossession orders have shot up by 37 per cent in East Lancashire, new figures reveal.
Continue Reading… Posted by Abbey on May 14, 2008
Huge rise in Merseyside repossession orders revealed
THE number of Merseyside families losing their homes because they cannot pay their mortgage has seen an alarming rise, new figures have revealed.
Continue Reading… Posted by Abbey on May 12, 2008
Biggest rise in home repossession threats since 1991
The number of people threatened with repossession after failing to keep up mortgage payments has risen by 16% over the past year in another sign of the crisis in the property market.
Continue Reading… Posted by Abbey on May 12, 2008