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Figures show that some 11,300 more homes were repossessed in the third quarter of this year and that is a 13% increase on the previous quarter. This figure is definately set to get worse as the economic situation of the UK worsens. This years figures show that around 19,000 homes were repossessed in the first [...]
Selling property was once such a simply thing…. house prices were rising, demand was high, all it took was a £2,000 quid TV home make over style cash injection in your property and you could charge £10,000 more. You re-mortgaged and kitted your home up with all the latest electronical goods, flat screen TV’s, american [...]
What will this do to the Eurozone economy? Germany, along with Italy can officially say that they are in recession and it is predicted that Spain will have to admit to the same failures aswell as France. Let’s not forget that Germany is the largest economy in Europe so this could have a large impact [...]
Reports out today state the the UK economy could shrink by up to 2% next year, the Bank of England has warned, all this as the UK economy faces a looming recession. Predictions of worse times to come in the economy aswell as
Average property in the UK costs now £208,583, that’s nearly £12,000 less than a year ago and the lowest level since March 2007.
Just 35,000 mortgages worth £5bn were taken out by people buying a home in September by figures taken from ‘Council of Mortgage Lenders’. This means a 15% drop