The average cost of a home in the UK rose by 0.2% during the month to stand at £195,724, according to the Department of Communities and Local Government.
But properties lost a record 11.5% of their value during the year to the end of January - the 15th month in a row that the annual […]
The two major markets, stock market and the property market have tumbled tremendously as a result of the financial crisis. Bank has adopted strict policies that have tightened the outgoing loans and it has aggravated the whole economy with its credit crunch. Most of the people’s 401K accounts have started shrinking and they are getting […]
Selling a home is a tough task at the moment. Buyers are hunting for bargains and with banks and building societies reluctant to lend many potential homebuyers are struggling to raise finance.
But while sellers could be forgiven for thinking that doom and gloom headlines mean they have no chance of ever shifting a property, […]
Quidco, the UK's largest cashback website, is offering a novel way to raise money for charities that will not see you having to dip into your pockets. Now you can donate as you shop.
Quidco's new service enables you to donate cash-back earned through buying goods online to a cause close to your heart - be […]
Due to the recent recession, the whole economy has been jeopardized and lenders are under extreme pressure by the Federal regulators, as well as their investors to turn their bad loans (non-performing assets) to good loans (performing assets).
The process of a foreclosure in the present economy is not an easy job. One hundred percent financing […]
Inquiries from new buyers increased for the fourth month in a row during February, rising at their fastest pace since August 2006.
But the up-surge in inquiries, failed to translate into transactions, with the average chartered surveyor estate agent agreeing just 9.5 sales during the three months to the end of February, down from 9.8 […]
The society, which has 35 branches, also reined in lending dramatically last year as it decided to keep out of a rapidly deteriorating housing market. That saw net new lending almost halve from £1.35bn to £723m.
At the same time the amount it wrote down against likely bad loans among its customers jumped dramatically from […]
After a decade long boom the UK property market has fallen into a prolonged slump.
Latest figures from the Halifax house price index show the average British home down 17.7% compared to February 2008.
But Britain is not alone. A new report from the Royal Institution of Chartered Surveyors shows last year house prices declined or […]
Doesn’t this mean there is no longer any need to go to the trouble and expense of making a will? P.C., Derbyshire
Matthew Cox from Skipton Financial Services replies: Your are correct that new intestacy legacies rules came in on 1 February and increased the amount that partners will inherit if their spouse […]
In an unprecedented and devastating attack, Sir John Gieve hit out at the ‘tripartite’ system set up by Gordon Brown in 1997 to manage the economy. He said the combined efforts of the Treasury, the Bank of England and the Financial Services Authority after the events of August 2007 - when credit markets froze […]
© 2008 Daily Financial News