CML warns on rising house repossessions
According to a report on Finance Markets, the Council of Mortgage Lenders (CML) has made bearish predictions concerning the level of house repossessions for 2012. The CML believes that the number of repossessions will rise to 45,000 next year, from 37,000 in 2011. That represents an increase of 22%. This spike in repossession activity will [...]
Home Mortgage Boost From Budget.
George Osborne’s newest strategy to assist first-time purchasers might drive property costs a lot higher and help to make it much more challenging for individuals to purchase his or her first house, economists have cautioned. With banking institutions even now unwilling to write mortgage loans and requiring larger deposits than before the economic crisis, the [...]
Government Must Do More For Mortgage Market.
A number one sector body has cautioned the govt. that it even now wants to do extra to assist boost mortgage financing, especially to first-time purchasers . The Intermediary Mortgage Lenders Association has accepted steps revealed in this week’s Spending budget to assist first-time purchasers – specifically the First Buy plan – however stated that [...]