Many homeowners will have been relieved by the Bank of England decision to cut interest rates by 0.25% to 5.5%, but money experts are warning that it ill take some time for the benefits to trickle down to homeowners. The reason is that banks are currently lending money to each other at 6.65%, which is […]

Home repossessions are set to rise dramatically next year, and will reach levels not seen since the 1990s house price crash, according to figures released by the Council of Mortgage Lenders.

With rising interest rates, home introduction packs, as well as the effect of Northern Rock’s recent difficulties, the housing market seems to be cooling in a number of areas.
The Telegraph recently reported that sellers in some areas are being forced to reduce the prices they are asking for their houses. In some cases, sellers are […]

The UK housing market is in danger of a serious downturn, according to Alan Greenspan, the former chairman of the US Federal Reserve, who also advises Gordon Brown.

House repossessions rose in the first half of the year, by 30% on the same period in 2006, indicating that some homeowners are struggling with the five recent interest rate rises
The figures are from the Council of Mortgage Lenders, the industry body, which laid the blame on two factors:
An increase in sub-prime mortgage lending, where […]

The UK house prices are currently overvalued by at least 20% when compared with long term averages, according to credit rating agency Fitch. The agency also says that house prices have outpaced incomes over the past ten years.
In addition, the high levels of debt in the UK means that the UK economy is particularly vulnerable […]

Sub-prime mortgages are set for strong growth in the UK over the next four years, according to market analyst Datamonitor.
Datamonitor predicts that the market for this type of mortgage will be worth £31.5bn by 2011, compared to £24.6bn in 2006.

House price growth in the capital is set to slow down this month as potential buyers are beginning to be dissuaded by high house prices and rising interest rates.
Though property prices in central London rose by 3.1% in June, it is predicted that this growth will slow in July.