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Buying a house has always been a stressful process, but since the banking crisis more and more people have found themselves unable to get on the housing ladder due to the banks demanding larger deposits and imposing stricter conditions on those whom they do lend money to. This means that the number of individuals, couples and [...]  It was the sub-prime mortgage crisis that initially triggered the banking crisis that has proved to be the biggest since the great depression. Unfortunately, the latest figures suggest that there might be a return of the crisis in the sub-prime mortgage market. Many people who are seeking borrowing are finding that mortgages are unaffordable and those [...] Finding the deposit for a mortgage is one of the biggest barriers to entry in the property market, so developers have started offering ways for people to get on the property ladder. Part exchange schemes as well as shared equity arrangements are some of the options on offer and some developers even offer to pay [...] Since the recession first hit Britain in 2007 a great deal has been said about the rising unemployment across the country which has made economic re-growth sluggish and led many shops to closure. However, not as much as been said about the new generation of first time buyers who are finding it impossible to get [...] Analysis by independent financial research company Defaqto has revealed that while there are now 33% more fixed rate mortgages and 36% more tracker mortgages available than there were 3 years ago, the number of discounted rate mortgage products available has fallen by an astonishing 72%. David Black, Banking Specialist at Defaqto said: [...] |
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