In an analysis of official housing data published earlier this week the trouble faced by tenants is highlighted again. The information from the office for National statistics which covers the years 2010 to 2012 tries to look at the standard sums paid for housing in the form of either rent or mortgage. It shows that […]
The benefits of low interest mortgages
Many homeowners prefer to take advantage of low interest rates to repay their mortgages. This is because with low interest rates they can now put the extra money in other investments with the hope that the returns from these investments will be big enough for them to pay the mortgages easily and cheaply. In some […]
How to develop your property without landing in legal hot water
Ask any property developer how to make money in the competitive and sometimes turbulent property market and there’s a good chance that they’ll tell you to add value to your current home. The easiest way to do this is to increase your living space either by adding an extension or converting an unused part of […]
Defaulting on payday loans can affect your chances of getting a mortgage
Many consumers are taking payday loans in order to be able to get some extra cash to make ends meet. However, many of these consumers are not aware of its potential consequences; and that it could actually have an effect if you applied for a mortgage. Very few consumers are aware that taking a payday […]
RBS pays $150m settlement over improper bond checks
The Royal Bank of Scotland has had to pay $150m to the Securities and Exchange Commission in a settlement over some allegations that it did not undertake proper checks while selling $2.2billion bond that was backed by residential mortgages. Royal Bank of Scotland agreed to a $150m settlement with the United States regulators over claims […]
Housing policy reviewed before important local elections take place
Before the Westminster and Holyrood elections take place, an independent body is being set up to review the housing policy. The Housing and Wellbeing Commission that is being set up with support from Charity Shelter Scotland will have the former Auditor General of Scotland, Robert Black chairing it. The commission will have eight members from […]
York house prices out of the reach of the vast majority
The latest report on the matter of the housing crisis in this country reveals the fact that single people or young families who live in and around York have suffered greatly due to being unable to access affordable housing. Shelter, the national homeless charity, said that over 90% of the houses were out of reach […]
Visit energy efficient houses during Ottery’s Environment Week
A selection of homes situated in Ottery St Mary are opening their doors to the public on the 5-6th October in order to the showcase the energy saving ideas and technology they are employing. These open days aim to show visitors just how easy it is to have an energy efficient home and to save […]
August sees a 5 year high for mortgage approvals
August 2013 saw a five-year high of mortgage approval rates in Britain. Additionally, this was given a boost from the government with the scheduled introduction of a new government scheme next month. David Cameron, the Prime Minister announced the fast tracking of the launch date of the government supported mortgage guarantee scheme. This has attracted […]
First time buyers take advantage of plummeting interest rates in July
Over July the number of UK first time home buyers increased by 45% due to a dramatic fall in the average mortgage rates making it a more affordable prospect for many homeowners to get into the housing market. There were 26,100 new first time home buyer sales during the month of July which was a […]