Couple live in shed
This is a real sign of the times, where victims of the credit crunch are forced to live in unacceptable conditions. A couple from Hartlepool are having to live in a shed on an allotment because their house was repossessed.
The couple who have six children have seen their family split up, the children are staying [...]
Record fall for properties
The Nationwide building society has been keeping records since 1991 when conducted their first housing survey, this now acts a guideline for the current state of how the property in the UK is doing and it is not a pretty sight.
The data collected has shown that the average house price has fallen 1.7% last month [...]
South East property holds on
Listening to the news, anyone would think that the price of property in the whole of the UK is in free fall! However, this is not necessarily so in all areas and is particularly not true in the South East corner of the UK.
Nevertheless, recent reports are showing the price of property in the region [...]
House prices are set to rise
At last, there could be some good news over the horizon, well at least when it comes to property prices. In report which has been published by the National Housing Federation are claiming that within the next five years property prices are set to rise.
In fact they are suggesting a slight increase, they predict that [...]
Woman escapes repossession by suicide
It is a sad sign of the times when people feel that they have no choice other than to end their lives.
However, this just highlights the pressures that some people are finding themselves in, as the financial pressures build on ordinary people who have done nothing wrong, apart from trying to get on in [...]
Average UK house price falls
The UK average house price has fallen this month on the same time last year. This is the first time that something like this has happened in the UK property for a number of years. The property marketing company Rightmove Plc started keeping records in 2002 and this is the first time since their record [...]
July 21, 2008House prices could fall for two years
It is now as we begin to feel the full effects of the credit crunch, when we grasp at any story that tends to be in favour of an upturn in the economy but unfortunately, these good news stories are beginning to get thinner on the ground.
Now the chairman of the Citigroup bank is warning [...]
First time buyers find it hard
First time buyers are having to come up with a whole load of cash in order to get that first step on the property ladder according to the Royal Institution of Chartered Surveyors first time buyers need to find around £27,738 just to get the key to the door of their new home and these [...]
July 15, 2008The sign of a good or bad agent
With the property market in the state that it is in at the moment, it is essential for someone wanting to sell their house that they find the right estate agent, failure to do so could result in being a very expensive mistake to make.
But how on earth can you tell if an agent is [...]
The state of the UK mortgage market
How the mortgage market has changed over the past year or so. It was not that long ago when borrows were inundated with so many different mortgages from equally as many lenders, but that was before the credit crunch and now things could not be any more different.
The problem now for borrowers is that the [...]
Your home is no longer your castle
Changes in the way that criminals are treated could leave the householders of the UK worrying about the way that the authorities are planning on punishing burglars.
It seems that the law is working in the favour of the lawbreaker rather than the other way around. No longer can a householder protect their family and possessions [...]
When is a garden, not a garden?
Most people believe and rightly so that when they buy a house that the garden is theirs to do with as they please within reason. But there some authorities within the UK who would like to think that they can go around deciding exactly what you are allowed do in your own garden.
One man, Michael [...]
One place where property prices are on the rise
When we listen to the news and there happens to be a story that covers the property world it can be almost guaranteed that the story will be mentioning that the prices are not just dropping, but it will be staying like this for some time.
There are never any stories about the places where property [...]
Average property prices down
House prices may have fallen by around two per cent this year, but with figures due out from various building societies saying that new mortgages are at an all time low, then it will not come as a surprise to hear that house prices for the year from June 2007 to June 2008 have fallen [...]
June 30, 2008House prices remain low until 2015
It may be some time before the prices of property return to levels of what they were before the credit crunch; according to a top government advisor these prices will not reach that level until 2015! This is a daunting prospect for many people who have seen their property prices drop slightly, but it does [...]
June 27, 2008Mexicans to claim land in Texas
No, this is not a call to arms, or an attempt by the people of Mexico to retake parts of Texas, although to some people who live in the lone star state, could be thinking that an invasion is on the cards. But it is rather a call to the wealthy Mexicans to get onto [...]
June 25, 2008Even the wealthy fear property prices
With the property market being a bit unsettled the last people that you would have thought of as giving up and selling off would be the wealthy investors who have made so much out of investing in the UK property market.
But it would appear that even these wealthy people have become a little scared at [...]
The most stunning places to live in the UK
The most stunning areas in the UK can often be much more expensive than the neighbouring areas, sometimes as much as three quarters higher for a similar property. So it is true that it is not just the property it is also the location which makes the whole think complete.
The top ten most beautiful places [...]
Mortgage fraud arrests in the US
In a clamp down mortgage in the US, the FBI has arrested hundreds of people as they investigate the growing problem of mortgage fraud. The people arrested include mortgage brokers, estate agents and other people involved in the industry.
It is believed that around four hundred people have been charged with offences and around three hundred [...]
Housing sector looking worse
It has been said that we are looking at a situation that could be worse than in the late 1980’s when the property market was certainly dire! But without have to seem too of a doom and gloom merchant but things could be the same or worse.
According to the Building Societies Association, the rescue plan [...]