Increasing numbers of wealthy older people are choosing to sell their homes and rent them back. Letting agents report that they are seeing more over-50s choosing this option.
The desire to free up cash to enjoy life is one of the reasons for this trend of selling to rent, or the fact that children have left […]

According to research from Key Retirement Solutions has revealed that a quarter of homeowners over the age of 60 still have outstanding mortgage debt.
The research showed that retired people, or those close to retirement who had not yet paid off their mortgage owed an average of £31,000 each.

Buying a house, along with divorce and the death of a loved one, is one of the most stressful experiences life can throw at us. When a buyer wants to sell their property it can result in a number of properties being dependant on one another. If one sale falls through, it can scupper the […]

A recent Times column by Stephen Gerlis, a District Judge at Barnet County Court, looks at the risks people in debt face, and the powers that creditors and courts have to take steps to recover that debt.
With 10,000 people going insolvent every month, a 65% rise in mortgage repossessions, and the UK’s population in a […]

Figures from property research firm Hometrack suggest that the housing market remains buoyant despite recent interest rate rises, with the average house price rising by 0.7% in February,
The average home is now worth £172,000, and the rise in February means that annual house price inflation is now at 6.4%, the highest level since June 2003.
Demand […]

According to figures from the Council of Mortgage Lenders (CML), the number of properties repossessed by lenders rose by 9% in the second half of 2006.
In total, 17,000 homes were repossessed in 2006, the highest number for six years. In the second half of the year, 8,860 were taken back by lenders, up from 8,140 […]

The BBC carried a story recently on a Torquay woman who lost out on £22,000 after her flat was repossessed and then auctioned by receivers.
The flat was sold by receivers at an auction in London for just £60,000, but just six weeks later it was sold on at another auction for £82,000, meaning that Mrs […]