News Tag: Crosby Review
February 3, 2009
The desperate need for increased mortgage lending has been highlighted by a report from the Centre for Economics and Business Research (CEBR), which is predicting that UK house prices could fall by a further 25% in 2009.
Taking into account last year's 16% decline, the forecast gives a peak-to-trough fall of 40%.
The independent consultancy is a little more optimistic ...
House prices could fall 40% without rise in lending
by Gill Montia
January 8, 2009
Ahead of today's expected cut in the Bank of England's base rate, the Association of Mortgage Intermediaries (AMI) has warned that any reduction in interest rates will not address the real issues in the UK economy.
While mortgage borrowers on base rate trackers and some on lenders' standard variable rates will benefit from a further rate cut, it would not address ...
Base rate cut cannot ease mortgage lending
by Gill Montia
