Articles, tagged with "mortgage approvals", page 5

Can Government reduce repossessions?

Considering the current economic climate and the state of the housing market, any new government policy is met with scepticism from the general public and, more particularly, homeowners. The housing crisis in the USA has had serious knock-on effects on th... Read >
Author: Robert Palmer

Mortgage approvals for July at lowest for 15 years as UK probably in recession

Mortgage approvals hit their lowest in at least 15 years in July and the manufacturing sector shrank for a fourth straight month in August, surveys showed today."Prospects for the UK economy remain grim," said Michael Saunders, a Citigroup economist. "The... Read >
Author: Rivington

A Good Time To Buy A Lanzarote Holiday Home

Lanzarote property seems to have peaked, and the formerly hot real estate market on the island appears to be cooling somewhat. This may indicate a slight downturn in the island's economy. It may also mean that now is a good time for overseas buyers to inv... Read >
Author: Robert Palmer

High-end property sales

Whilst the majority of the UK is struggling to make ends meet amid the credit crunch, there is a certain percentage of the housing market that is seemingly unaffected by the crisis as drops in prices hardly makes a difference. At the top end of the market... Read >
Author: Robert Palmer

Mortgage Lending Hits a new Low

Approvals for home loans in the UK have hit the lowest level ever recorded for a single month. The blame has been set squarely on the credit crunch as lenders are not only finding it difficult to obtain the funds to lend to home owners but they seem unwil... Read >
Author: michael sterios

Price Fall Of Homes – The Crisis Moves On

House prices have dropped by 0.6 per cent in March, bringing the annual rate of house price growth down to 1.1 per cent, Nationwide has revealed. The figures come amidst global financial instability and news that housing market activity is decreasing.... Read >
Author: Seamus Swords

Commercial Mortgages In The Recent Year

Analysts say that the property market for development finance UK is receding in price. Although that can be unbeneficial to some existing property owners, it also provides possible bargains for others. If you are looking for a bargain however, you need to... Read >
Author: Cherry B

Mortgage approvals slump to all time low

Recent research from the British Bankers Association revealed that mortgage approvals hit their lowest level since their records began in 1997, with less than 28,000 mortgages for homebuyers approved in May 2008 - a figure nearly 60 per cent lower than th... Read >
Author: Daniel Collins

Mortgage Lead Companies Can Help The Housing Market

House prices in the UK are plunging, with fewer buyers looking to purchase properties. Those selling their homes have to compete with each other, and many are trying to undercut their prices to secure a sale. In addition those who are looking to buy are p... Read >
Author: Danielle Fletcher

The Mortgage Crisis

Large banks in Britain such as HSBC, Barclays and Nat West approved less mortgages in May since the same time in 1997. The cause of this is reluctant buyers, high asking prices and increasing household outgoings. The British Bankers Association said that ... Read >
Author: Linsey Summers

Home Loans Fall Record Low

Very bad mortgage lending statistics and a profit warning Bradford & Bingley yesterday underlined the crisis facing the housing market as the credit crunch continues. The Bank of England said new mortgage approvals in April dropped to a record low, muc... Read >
Author: Mildred

House Prices Drop 5%

A new poll shows that UK housing prices will fall 5% this year and market analysts believe that it could get worse as a result of the soaring consumer inflation which limits the scope for interest rate cuts. The poll conducted by Reuters show that the ... Read >
Author: Mildred

Make significant savings with an online savings account

As a result of the recent much-publicised credit crunch, UK banks are now seeking to offer better interest rates on their savings accounts in order to attract additional customers and alleviate the loss of income from the falling numbers of mortgage app... Read >
Author: mpressman

Latest Property Market Figures Show consumer Confidence Weakened

New figures from the National Association of Estate Agents (NAEA) have shown that although the housing market in the UK is still performing well, buyers are adopting a more cautious approach to property investment. The association states that during th... Read >
Author:

Bank Of England Showing Poor Home Loan Statistics

There are absolutely no two ways about the fact that the current housing slowdown, coupled with tighter lending conditions that have been fuelled by the global credit crunch, has swept across the UK in the past few months. The Bank of England has stated t... Read >
Author: Jim Brown

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