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Archive for December, 2010
‘Patchy and weak’ recovery, increases to arrears and repossessions…
The Council of Mortgage Lenders (CML) have published their predictions for the 2011 housing and mortgage markets. Details
Bank of England warns mortgages will increase but property values may fall
The Bank of England have warned that mortgages may increase by £500 when interest rates rise in 2011. This comes as a double whammy as they are also warning that house prices could plummet as well. Details
Many Hold Off Buying Property Due To Economic Uncertainty
The BSA (Building Society Association) have conducted a survey which has found that many people are holding off buying property because of economic uncertainty and fears of job losses. UK residents are also finding it difficult to secure mortgage lending as lenders tighten criteria. Details
More Doom And Gloom In The Property Market.
A lack of first-time property buyers and anxiety about the impact of the government’s spending cuts were named by estate agents today as the key factors behind a slowdown in Britain’s property market last month. Details
