Posted on March 26, 2008 by repossessions
As 2008 marches on and the global and economic situation looks ever more bleak, so are the tales we are hearing from UK homeowners facing repossession.
Back in 2007 a rough estimate would be that 70% of those people who contacted us by phone or email had some difficulties with their mortgage repayments, were in arrears [...]
Filed under: debt advice, homeless, housing market crash, mortgage approvals, mortgage arrears, negative equity, recession, repossession, sell and rent back, sub prime, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: cash property buyers, mortgage arrears, negative equity, possession order, remortgage, repossesion, repossession, sell and rent back | 4 Comments »
Posted on February 29, 2008 by repossessions
Homeowners facing finance problems may be a step closer to repossession as mortgage lenders pull their 100% loans.
This means that for those who need to remortgage soon, not only are rising interest rates from sub prime lenders and falling or static house prices an issue, but they may now find that they are unable to [...]
Filed under: debt advice, homeless, housing market crash, mortgage approvals, mortgage arrears, negative equity, recession, sub prime, uk remortgage | Tagged: 100% mortgage, house prices, negative equity, remortgage, repossession, sub prime, uk interest rates | Leave a Comment »
Posted on December 13, 2007 by repossessions
The Council of Mortgage Lenders has said that according to the information collected from their members that this December shows a fall in house prices in real terms, unprecedented since the early 1990s.
This is further bad news for those facing repossession.
Not only are the rises in inter bank lending interest rates causing problems for those [...]
Filed under: negative equity, repossession, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: 100% mortgage, CML, house prices, negative equity, remortgage, repossession | 1 Comment »
