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Tuesday 13th of April 2010
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News Tag: cost

April 6, 2010

HIPs get all-clear on influencing sales volumes

by Gill Montia
The Association of Home Information Pack Providers (AHIPP) is arguing that Home Information Packs (HIPs) have never deterred potential sellers from putting their properties on the market. Opponents of the packs, which were fully introduced in December 2007, maintain that they removed speculative vendors from the market on grounds of cost. However, research from AHIPP claims that there has never been ...

January 22, 2010

Fraud costs higher than expected

by Kay Murchie
The National Fraud Authority (NFA) has revealed the extent to which fraud is having on the UK economy. According to the NFA’s figures, fraud (including scams, online theft, insurance cheats and tax fraud) is costing the economy £30 billion a year - the equivalent of £621 per adult in the UK. The figures have resulted in City watchdog, the Financial Services Authority, to ...

August 21, 2009

University a “millstone” for many parents

by David Masters
The cost of putting their children through university is forcing some parents to remortgage their home, The Children's Mutual revealed this week. Students starting university this year will spend an average of £42,000 during their three-year course, and many parents will be expected to fund the majority of this bill. "University can be as much of a millstone as it is a milestone," ...

June 16, 2009

Fixed rates begin their ascent

by Gill Montia
The much forecast rise in fixed rates is well underway with Abbey announcing that it has put up the cost of its fixed-rate mortgages by between 0.25% and 0.5%. Lloyds banking group has also increased the cost of some fixed-rate deals via its Cheltenham & Gloucester and Halifax brands. The lenders are following a trend set by Nationwide last week when the building ...

July 24, 2008

Falling house prices leave home improvers out of pocket

by Gill Montia
Falling house prices leave home improvers out of pocket
Homeowners who have chosen to improve, rather than move in the current market downturn, will be dismayed by new research from Abbey, which suggests that the cost of a home improvements is unlikely to be reflected in a sale price. Falling house prices mean that previously profitable projects can now cost homeowners serious amounts of capital. According to Abbey, an ...

July 8, 2008

Fixed-rate loans continue to rise in cost

by Gill Montia
Fixed-rate loans continue to rise in cost
Latest research from financial website Moneyfacts.co.uk shows that the cost of a fixed-rate mortgage is continuing to rise despite a fall in money market swap rates. Swap rates determine fixed mortgage interest rates and reflect traders' views on the direction that interest rates will take during the period of the fix. While swap rates peaked in the middle of last month and ...