Archive for December, 2007
Repossesion Of Property
The Citizens Advice charity has released a report which claims that sub-prime mortgage lenders are the most eager of mortgage lenders to claim repossesion of propety from morgagees who have been unable to keep up with their repayments. They suggest that many of these mortgages were established with the knowledge that the mortgagee would struggle [...]
Bank Rate Reduced
The Bank Rete setting committee of the Bank Of England decided to reduce the rate yesterday to 5.5%. Recent news supported the view that the economy may slow significantly in the future if the bank rate had remained unchanged.
Inflationary pressures do exist with food and fuel both having risen but it would seem the committee [...]
House Prices Fall
Well, I don’t want to say I told you so, but I did. I can’t say I feel smug about that as it will be bad news for nearly all of us but it was inevitable. Regular readers of this blog will know I have been talking about house prices falling for some time and [...]
