Councils “should help struggling homeowners”
LONDON (Reuters) – Local councils should offer financial help to homeowners threatened by the credit crunch, an independent think-tank said on Saturday.
Continue Reading… Posted by Abbey on Jun 16, 2008
June 2008 Archive
‘We’ve been wrongly taught that our property can be our pension’
Should you raise cash from your home, asks Kate Hughes, when prices are falling?
Continue Reading… Posted by Abbey on Jun 16, 2008
Gloom deepens as lending slumps and borrowers fall into arrears
Mortgage lending slumped to a new low last month, raising fears that the slowdown in the housing market could be sharper than expected.
Continue Reading… Posted by Abbey on Jun 05, 2008
GO FOR BROKE?
THE rising cost of living is beginning to hit Furness families hard with more people in debt and having their homes repossessed.
Continue Reading… Posted by Abbey on Jun 05, 2008
New lenders circle battered UK property market
LONDON, June 4 (Reuters) – An influx of new lenders to the UK commercial property market could help avert the kind of extended slumps which followed corrections in the 1970s and 1990s, global property services firm Savills said. At its annual property financing presentation in London’s City business district on Wednesday, William Newsom, Savills UK head of valuations, said a host of new banks were circling near-barren money markets to take advantage of a “brilliant time” to lend.
Continue Reading… Posted by Abbey on Jun 05, 2008
