Whilst UK homeowners increased the value of their stakes in their properties by £3.2bn home equity releases by pensioners were used to fund debts.A recent survey by Age UK suggested that equity withdrawal was still being used by some sections of society as a last resort to pay off debts, or to find money when [...]
|
||||||||||
|
UK homeowners increased the value of their stakes in their properties by £3.2bn in the first three months of 2010, new figures show. The rise was due to homeowners paying off more of their mortgage and [...] Thousands of Clydesdale and Yorkshire Bank customers face increased mortgage payments after a miscalculation error. The banks, which are both owned by National Australia Bank, said the error was [...] UK gross mortgage lending, which includes lending to people remortgaging as well as house buyers, rose by 15% in June to £13.1bn. However, the CML said June’s increase was just a seasonal pick-up and that lending remained subdued. “There are [...] With the Bank of England’s interest rates at record lows homeowners’ mortgage payments are also low. Interest payments accounted for 13.2% of their income, the lowest since March 2004 but finding a large deposit is still a stumbling block for many, In [...] The number of loans made for house purchases rose slightly in the UK in May as low interest rates continued, lenders have said. Mortgage interest payments accounted for the lowest [...] The UK Financial Services Authority (FSA) watchdog has put forward proposals designed to curb excessive mortgage lending. It says it wants to ensure that lenders lend only to those who can afford it – and that means having [...] More than 100,000 UK home owners have become new property millionaires during the past decade, although numbers slipped due to the credit crisis, claims new research. Postcodes in London and the home counties occupy the top 10 places. As many as 132,000 homes are worth more than £1 million, concentrated mostly in London and up from almost [...] Three quarters of mortgage holders do not know how an increase in interest rates of one percentage point would affect their budget. The survey of 2,262 people was conducted for an education group, the Consumer Financial Education Body. The [...] UK house prices have fallen slightly in the early summer compared with the start of the year, a new survey has found. This meant prices in the second three months of the year were 0.1% lower than [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
|
||||||||||
|
Copyright A Business Win website by Dr Search with online marketing at Search Clinic and SEO services by SEO Cheltenham Financial news by Wise Money |
||||||||||
Recent Comments