Mortgage Lending Declines Further
March 12, 2009 by Ashley
The Council of Mortgage Lenders (CML) today announced the results of it’s latest survey into mortgage lending, According to there figures lending has declined further in January 2009. Despite successive interest rate cuts lending for first time buyers declined by 51% over this time last year, with lending for remortgages and home movers decliining by [...]
House Repossession Rises 2008
August 8, 2008 by Ashley
House repossession has shown a sharp rise once more to 18,900 in the first half of 2008 in the UK, mostly due to tighter lending criteria by mortgage lenders and the global financial crisis. As a result of these factors, the number of house repossessions is up 41% on the previous 6 months, and up [...]