Posted on November 22, 2008 by repossessions
The Office of Fair Trading estimated in its recent report into the sector that some 50,000 sale-and-rent-back transactions had taken place.
Filed under: cash property buyers, debt advice, evictions, homeless, mortgage approvals, mortgage arrears, negative equity, repossession, sale and rent back, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: credit crisis, credit crunch, mortgage arrears, reposesion, repossession, sell and rent back, uk remortgage | Leave a Comment »
Posted on February 14, 2008 by repossessions
Recessions are an interesting phenomenon.
This is because they are created by belief.
If everyone believes there is going to be a recession then they act accordingly. We spend less ‘just in case’ and we put off important decisions like moving house and taking on a bigger mortgage ‘just in case’.
The irony is that there is still [...]
Filed under: housing market crash, mortgage arrears, negative equity, recession, repossession | Tagged: credit crunch, gordon brown, house prices, housing market crash, john major, recession, repossession | Leave a Comment »
Posted on February 13, 2008 by repossessions
According to statistics published today by BBC Radio 5, FIFTY PERCENT of all repossessions in 2008 involve sub prime lenders.
No surprise there then?
Except that sub prime mortgages only make up 6% of UK mortgage lending.
Among the other fifty percent the highest number of repossessions are being brought by high street lenders Britannia Building Society, Bradford [...]
Filed under: debt advice, homeless, mortgage approvals, mortgage arrears, repossession, sub prime | Tagged: bbc radio 5, bingley, bradford, britannia, credit crunch, evictions, northern rock, repossession, sub prime | Leave a Comment »
