Archive for the ‘negative equity’ Category
Banks are increasing the Interest Rates
So why are banks increasing their standard variable rates when the Bank of England’s Interest rate is on the 3 year record low of 0.3%? It does really beggar belief, don’t you think? The property market seemed to be getting just a little hopeful this new year and all of a sudden, it seems like [...]
Accidental Landlord?
So there seems to be a new -ish term in town at the moment. It is the accidental Landlord. You almost always know one when you meet them on the web or in person. There is a line of strain over their brow as they come to terms with their new role in life. The role of [...]
Do we need the banks?
http://www.lloydsbankinggroup.com/media/pdfs/halifax/2011/060811first_time_buyers_highest_since_2003.pdf Halifax, the great big bank, has released a report stating that houses are more affordable now than they were in 2003. Well, at least in some areas – London is definitely not included. The report is informative and tries to make promises about getting first time buyers back on the market. It is a [...]