Tag Archives: house prices

Mortgage Fears UK-Style

From the Times of London: Northern Rock is planning to more than double the number of people working in its debt management business in a move that will spark fresh fears of widespread repossessions over the coming year. An internal … Continue reading

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Aussies Suffering From Mortage Stress

From ABC: New figures show mortgage stress is now a problem for a higher proportion of regional home owners than city dwellers. Figures from the Mortgage and Finance Association show about 40 per cent of people living in regional Australia … Continue reading

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UK First-Time Buyers Spending Half Of Their Income On Mortgage Payments

From the Telegraph: The average first-time buyer is now having to spend nearly half of their income on mortgage payments for the first time in almost 20 years, figures show. According to data from Nationwide, the country’s largest building society, … Continue reading

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The Mortgage Clinic

From London’s Independent: ‘I’ve saved a 10 per cent deposit that finally allows me to afford a studio flat in London for about £170,000. But, with all this uncertainty about house prices, I’m wondering whether to hold off and save … Continue reading

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UK’s Dramatic Drop In Mortgage Lending

From the Guardian: The property market slump seems set to intensify after the major banks revealed that the number of new mortgages approved in April was the second lowest on record. In overall terms, April’s underlying net mortgage lending was … Continue reading

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UK Savings Boom, Mortgages Crash

From the Guardian: The amount of money paid into savings accounts more than doubled in April to reach record levels, figures showed today. Consumers poured £5.8bn into personal bank accounts during the month, up from £2.8bn in March and far … Continue reading

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UK Mortgage Approvals Down

From the Daily Telegraph: Mortgage approvals slumped last month as the slowing UK housing market and the disruption in the mortgage market deterred buyers. According to a report from the British Bankers’ Association, granted 38,704 loans in April, down 39pc … Continue reading

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Fannie Mae, Freddie Mac Grow

NEW YORK (Reuters) – Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research), the largest providers of financing for U.S. home loans, signaled on Friday the fastest growth in their investments since at least 2004. Mortgage … Continue reading

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UK Mortgage Outlook

Wykhamist writes: Seems to me that the following scenario might play out: With no UK buyers house prices will continue to fall – probably by 20 – 30 % overall. At the same time sterling will get cheaper. At a … Continue reading

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The UK’s Mortgage Gap

From the BBC: Net lending for mortgages – that’s mortgage lending over and above the refinancing of existing mortgages – was £110bn last year (it was a similar amount in 2006 and a touch less in 2005). According to a … Continue reading

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