Mortgage news
Huge slump in mortgage lending
Mortgage lending stalled during August, with advances diving to just 5 per
cent of the previous month’s total, figures showed today.
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Brokers hit brick wall trying to find clients a mortgage
More than two-thirds of mortgage brokers have struggled to find a home loan for clients over the past two months, according to a survey carried out by the Intermediary Mortgage Lenders Association (IMLA).
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Scottish homes market view 2008: Edinburgh Central
Median price at August 2008: £219,124
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Little fizz but not flat
There is only one way to gauge what is really happening in the Scottish
property market. That is to ask experts up and down the country and then to
compare their figures both with that of other agents and surveyors and with
the national data available from mortgage lenders and Registers of Scotland,
the government department responsible for the [...]
Scottish homes market view 2008: Edinburgh East
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Autumn of discontent in the housing market
The big picture is so big these days - and worrying - that the smaller picture
of what is happening in the housing market is in danger of getting lost.
Make no mistake, though: the changes that are happening will have profound
effects for years to come. Britain’s mortgage-lenders are in a period of
intense consolidation, of which Lloyds [...]
Property auctions: Someone’s misfortune – your golden opportunity?
The number of repossessions is soaring. In the first half of 2008, almost 19,000 properties were repossessed – up by nearly 50 per cent in a year, according to figures from the Council of Mortgages Lenders. It’s a dreadful situation for those who have lost their home. But macabre though it may seem, if you [...]
Edinburgh West
Median price at August 2008: £219,124
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Rent out your driveway
Homeowners looking for a nice little earner to boost income in increasingly hard times need look no farther than their front drive.
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Brief encounter: Why the delay in extending my lease?
Q I own a flat with less than 40 years left on the lease. I am very keen to
agree a figure with the freeholder to buy an extension. We have had
estimates from surveyors that range from £30,000 to £60,000. The freeholders
have made it plain that they will not enter into direct negotiations with
me, and I [...]
