|
||||||||||
|
Home owners have so little equity left in the homes after the credit crisis that they are struggling to remortgage, experts warned. The number of loans approved for those buying a [...] Overdue homeowners are warned that a four pronged whammy will see the number of home repossessions increase. The latest forecast from the Council of Mortgage Lenders [...] The number of homes repossessed in the UK fell by 7.5% in the first three months of 2010, according to lenders. Figures show that the number of homes repossessed dropped from 10,600 in the last three months of 2009 to 9,800 in the first quarter of 2010. A wife who signed a joint re-mortgage with her husband while he was having an affair will no longer have to meet her repayments, the Court of Appeal ruled yesterday. Mrs Jayne Hewett faced losing her home because she could not afford to meet the re-mortgage payments after she divorced and the mortgage company won a [...] Chip and pin technology must be overhauled after it emerged that one in seven people could have already been a victim of a “fatal flaw” in the system. Experts at Cambridge University believe the system is “broken” after they tricked it into accepting transactions without using a valid personal identification number.They say the flaw is [...] At least 10,000 Britons are being declared insolvent every month- the highest level on record new official figures reveal. Despite the recession being declared over, many households are still unable to live within their means. And experts warned insolvency numbers will rise further once interest rates begin to head above their current low level of just 0.5 [...] The labour Government’s free debt advice service is being forced to turn people away after being unable to cope with a 28pc jump in demand. MPs described the labour Government’s approach to advising people in debt as a “triumph of bureaucracy over practicality” and urged it to “shake up” its strategy to meet the increasing demand [...] The number of people who were declared insolvent in England and Wales hit a record high in the last quarter of 2009 and during the year in full. The figures from the Insolvency Service marked the depth of the recession, with 35,574 people declared insolvent in the last three months of the year. That was a rise [...] Homeowners who swap the ownership of their home for a tenancy under a sale and rent back agreement should be guaranteed tenancies for a minimum of at least five years. The rate of UK house price increases could soon rise above 10% a year the Nationwide building society has announced. Its latest survey shows that the average UK house price rose by 1.2% in January, pushing the annual rate up to 8.6%. It means the average UK home now costs £163,481. The Nationwide said prices had now been [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
|
||||||||||
|
As you would expect from an ethical company which is passionate about providing an excellent customer service, our website meets the W3C Organisation's requirements for good website design and accessibility standards. You can check our current pages for yourself by clicking on these logos:
|
||||||||||
