The average rent on a home in England and Wales increased to A?741 a month in September, according to the latest buy-to-let index from LSL Property Services. This was 1.1 per cent higher than the average rent of A?734 in August and represents a new record high. However the rate of increase has slowed, from […]
A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a further record high last month. September represented the eighth consecutive month that the average rental cost rose. Lendersa�� deposit requirements, together with unaffordable house prices, has meant the rental sector has been in […]
A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a further record high last month. August represented the seventh consecutive month that the average rental cost rose. Lendersa�� deposit requirements, together with unaffordable house prices has meant the rented sector has been in […]
The Council of Mortgage Lenders (CML) has today reported a fall in home repossessions. According to the Council, lenders seized 9,000 properties in the April to June period a�� 100 less when compared with the first three months of the year. Meanwhile, there were 18,100 repossessions in the first half of 2011, compared with compared […]
The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions a�� the fifth consecutive quarter in which they have fallen. According to the Council, lenders seized 7,900 properties in the October to December period – an 11% fall from the 8,900 in the previous quarter. It was also 26% lower than […]
The Council of Mortgage Lenders (CML) is predicting that the housing market will remain subdued in 2011, due to uncertainty surrounding the economy and the ongoing mortgage rationing by lenders. Over recent times, demand has been weak as many buyers have adopted a a�?wait and seea�? approach as uncertainty continues to surround the economy and […]
The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions – the fourth consecutive quarter in which they have fallen. According to the Council, lenders seized 8,900 properties in the July to September period – representing a fall of 5% compared with the second quarter. Experts argued, though, that many homeowners […]
The Council of Mortgage Lenders (CML) has today reported a further fall in repossessions – the third consecutive quarter in which they have fallen. According to the Council, lenders seized 9,400 properties in the April to June period – 400 less than in January to March period. Experts argued, though, that many homeowners have been […]
Mortgage arrears and repossessions both fell in the first quarter of 2010, according to the Council of Mortgage Lenders (CML). However, the body warns against complacency, “as a large number of households, who are just coping, still remain vulnerable to shocks that may arise from the economic uncertainty ahead”. During the first three months of […]
In its latest round-up of UK mortgage statistics, the Financial Services Authority has reported a fall in the number of homeowners in arrears. In the final quarter of 2009, 378,000 households were behind with their monthly repayments (at a level equivalent to 1.5% of their outstanding balances). The figure is down 4% on the previous […]
Repossessions fell 13% to 10,200 in the final three months of 2009, compared to the previous quarter. The figure, which includes home-owner and buy-to-let mortgage borrowers, was also 2% down on the same period of 2008, according to the Council of Mortgage Lenders (CML). However, for 2009 as a whole, mortgage lenders possessed around 46,000 […]
Mortgage borrowers in arrears stand to get a better deal from lenders under new proposals published today by the Financial Services Authority (FSA). The package is aimed at ensuring home owners in financial difficulties are treated fairly, by strengthen existing rules on arrears handling and promoting the regulator’s “tough stance” on mortgage fraud. Under the […]
New data from the Financial Services Authority (FSA) show the number of homes being taken back by lenders rising 3% to 13,987 in the third quarter of 2009, compared with the previous three months. However, repossession levels have remained fairly flat in recent months and the figure is almost 6% below the January to March […]
The Council of Mortgage Lenders (CML) has cut its forecast for the number of repossessions in 2009 to 48,000. The estimate is substantially down on earlier forecasts of 75,000 in 2008 and 65,000 in June of this year, and the body says the improvement reflects “lender forbearance, government measures and the beneficial effect of continuing […]
One of the UK’s leading sub-prime mortgage lenders has been fined A?2.8 million by the Financial Services Authority (FSA) for not treating its customers fairly. GMAC-RFC has also agreed to repay up to A?7.7 million in total, plus interest, to over 46,000 of its mortgage customers. The FSA says the case sets a precedent in […]
The Financial Services Authority (FSA) has today set out “major reforms” that it intends to impose on UK mortgage lending. The proposed new measures are aimed at making the market “sustainable” for lenders and borrowers and reflect “a more intrusive and interventionist style of regulation”. Key features include imposing affordability tests for all mortgages and […]
Research from the Building Societies Association (BSA) claims that over the last two years, the majority of borrowers who have fallen into arrears with their mortgage repayments have either caught up, or are in the process of catching up. According to the BSA, 97% of borrowers in financial difficulties have avoided repossession with thirty-three per […]
Homeowners under threat of repossession and tenants on the brink of eviction have a new resource available at www.direct.gov.uk. The site now contains articles and videos prepared by the Ministry of Justice, aimed at informing people with both mortgage and rent arrears. The advice addresses a wide range of problems and is suitable for those […]
In its latest commentary on the UK housing market, the Council of Mortgage Lenders (CML) describes the recovery seen in recent weeks as “fragile” and warns of a “modest dip” towards the end of the year, reflecting seasonal factors. More positively, second quarter data for arrears and repossessions suggest that fewer borrowers are struggling financially […]
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To succeed at your online business (whether you >> can advertise your personal product/service or are selling just for other stores as an affiliate), you require a Web design must be just for that – a simple, focused site. One that is not hard to build, maintenance-free, low cost, credible, and a powerful traffic-builder and […]
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