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Mortgage NewsLabour Puts Housing at the Top of its Agenda One of the first things that Gordon brown did following his confirmation
as leader of the labour party was a pledge to make housing one of his
priorities and promised a property owning democracy that would be open
to everyone. Does Buy to Let still work in the South East?? In recent years the Buy to Let market has been booming, there are many
professional landlords and there are a number of people who are using
a portfolio of properties, which are let out as an alternative to a traditional
pension scheme. There is a traditional school of thought that backs the
old, adage of “money is safest in bricks and mortar.” Lack of savings increase the need for 100% Mortgages. Recent research has shown that many first time buyers are finding it
hard to save up the levels of deposit that are required to get the first
step on the house buying ladder. IVA’s: Are they working or is it seen as the easy way out for debtors by their creditors??? It has recently been reported in the national press that some of the
major IVA providers in the UK have issued profit warnings, whilst others
are looking at diversifying into other related markets. Are Consumers being misled by Best-Buy tables? During the Building Societies Association (BSA) annual conference, there
was a large amount of criticism pointed towards the way in which the tables
can be manipulated. Reasons behind the change, can we expect more to come? We have all had our lives affected in one way or another by the recent
increase in base rates, but do we all know why this has happened? |
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