Tag: Mortgage
Shared Ownership Mortgage! What a flawed system, don’t be fooled by it!
TO whom it may apply I am an existing shared ownership mortgage customer with Leeds Building society and have been for the past 4 years. This type of mortgage is actually the worst in my opinion, after trying to remortgage and finding that the rates offered are so bad, I realised that I am stuck [...]
Early Mortgage Payoff – Not The Best Option
Here’s a piece of news that comes under the “glass is half-full” headline – Households are reducing their debt burdens. The Federal Reserve’s second-quarter 2011 survey shows that total consumer indebtedness was $11.4 trillion as of June 30, 2011. That’s down 8.6 percent, or $1.08 trillion, from its peak in the third quarter of 2008. [...]
Survey reveals 2011 is the best time to buy property in the UK
According to a new survey held the UK public believes the next year to be the best to invest in the property market, though uncertainty prevails the UK market. According to the December 2010 Property Tracker survey from the Building Societies Association, a prompt glance of the housing market shows uncertainty but 43% believe it [...]
A Solution to The Ongoing Mortgage Crisis
A Solution to The Ongoing Mortgage Crisis The ongoing mortgage crisis marked by the steady fall in housing price and a radical hike in mortgage defaults and foreclosures, has hit the US economy hard. Since the steep decline in housing prices in 2006 end, refinancing has become more and more difficult. Housing sales have dropped [...]
What Happens along the way when prices fall
In the UK the house prices is closely linked to economic performance. Studies (OECD) have shown that between 1971-2002 that a 1% change in values of British house stock led to a 0.7% change in consumer spending. In other parts of the world a strong economy creates higher house prices via rising and falling unemployment. [...]
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