Mortgages
Death Of 125% Mortgages
The 125% mortgage has finally been killed off. Birmingham Midshires was the last lender to offer such mortgages and it announced it would no longer offer such mortgages.
There has always been a lot of debate about such loans. They meant that people taking them on were already owing more money than their house was worth [...]
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 [...]
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 [...]
