Mortgage Crisis

Why Are Banks Stuck In The Dark Ages?

Alexandra Johnson | Posted 01.09.2017 | UK
Alexandra Johnson

Photo Credit: Pixabay Home ownership is still a relatively new innovation in the UK, as is applying for a mortgage. Before 1832 any man who held fre...

One In Three Young People Preparing To Buy A Home Have Moved Back In With Their Parents

The Huffington Post UK | Lucy Sherriff | Posted 09.06.2015 | UK Universities & Education

Nearly one in three young adults planning to buy their first home have had to move back in with their parents in order to save enough money, with 20% ...

Cancer-Stricken Grandfather Saved From Eviction By 500 Strangers

SWNS | Posted 26.01.2015 | UK Lifestyle

A cancer sufferer declared victory last week, after bailiffs who turned up to evict him were forced to retreat when 500 strangers formed a human block...

UK Housing: Making the Long Journey Home

Peter Rolton | Posted 05.11.2014 | UK
Peter Rolton

When the recession hit, it wiped out livelihoods and decimated entire markets. In the face of a global slump, Britain's housing sector was no exception; buyers couldn't afford to buy and builders couldn't afford to build. Over the course of several years, the pace of the property market dropped from jet stream to tumbleweed and the UK was left with an increasingly problematic housing deficit.

Managing Housing Market Risks in the United Kingdom

Ruy Lama | Posted 27.09.2014 | UK
Ruy Lama

House prices are rising rapidly in the UK at an annual rate of 10.5 percent. House price inflation is particularly high in London (20 percent per year...

MMR, a Shot in the Arm for Potential Home Owners?

Michael Bruce | Posted 16.07.2014 | UK
Michael Bruce

The Council for Mortgage Lenders have announced a glowing increase in mortgage activity year-on-year for March. Does this represent a storm of people rushing for funding before the Mortgage Market Review ("MMR") provisions came in or is this a representation of how there is an air of financial confidence and prudence in the minds of sellers and buyers alike?

'Want A Mortgage? Tell Me, Do You Play Golf? Or Eat Steak?'

The Huffington Post UK | Asa Bennett | Posted 12.05.2014 | UK

Mortgage brokers like to know who they're lending to before handing over the money to help you buy a house, going as far as asking how often you dine ...

Britain's Next Housing Crisis

Nash Riggins | Posted 10.02.2014 | UK Politics
Nash Riggins

In last week's autumn statement, Chancellor George Osborne was able to showboat the supposed successes of his austerity-driven financial agenda and renew his increasingly unlikely commitment towards balancing Britain's topsy-turvy budget. Yet while he's busy fritting away government assets and liabilities at break-neck speed, Mr Osborne appears keen to ignore a major housing crisis looming just over the horizon. It won't be pretty.

Will 'Help to Buy' Actually Help Anyone?

Nash Riggins | Posted 23.01.2014 | UK Politics
Nash Riggins

It's not hard to see why the Tories are frantically shoving their new shared equity scheme down the nation's throat. After all, the tagline is fantastic: 'cheap mortgages for hard-working people'. At first glance, Help to Buy comes off as some sort of humongous victory for the common man... As always, it only takes a tiny sprinkle of historical context to kill the dream.

'For Hardworking People'

The Huffington Post UK/ PA | Posted 28.11.2013 | UK Politics

David Cameron is to defy warnings of a new housing bubble and bring forward controversial state-backed mortgages as part of efforts to show the Tories...

Will The New Government Mortgage Scheme Help Rich Second Home Buyers?

PA/The Huffington Post UK | Posted 24.03.2013 | UK Politics

Chief Secretary to the Treasury Danny Alexander has defended the Government's mortgage guarantee scheme, insisting its intention was "not to help peop...

Millions Face Monthly Struggle To Keep Roof Over Their Heads

PA | Posted 04.01.2013 | UK

Around 7.8 million Britons are struggling to keep up with their rent or mortgage payments, showing a sharp increase on a year ago, a charity has warne...

More Misery For First Time Buyers As Mortgage Approvals Slump

PA/The Huffington Post | Jessica Elgot | Posted 30.07.2012 | UK

Banks are closing the doors on more and more first time buyers, with mortgage approvals at a 18 month low, figures revealed on Monday. The Bank of...

Putting Our Houses in Order: Reforming the Mortgage Market

European Parliament Web Team | Posted 29.07.2012 | UK Politics
European Parliament Web Team

Contrary to the old saying, buying property is no longer as safe as houses. Under the influence of the economic crisis, the ineluctable rise of house prices has proved to be somewhat less ineluctable than previously believed.

Bad News For Homeowners

PA/Huffington Post UK | Posted 03.03.2012 | UK

Homeowners are set to suffer rising interest rates as two mortgage lenders put rates up. RBS-Natwest is pushing up rates on two of its products by ...

Why It's Better To Live In Falkirk Than London

PA | Posted 31.12.2011 | UK

The commuter belt areas of Woking in Surrey and Falkirk in central Scotland are among 11 towns which outperformed London in a list of the biggest hous...

Mortgage Lending Up But Debt Crisis Threatens Future Borrowing

PA | Posted 20.11.2011 | UK

PRESS ASSOCIATION -- Mortgage lending hit a two-year high in August, but lenders have warned the eurozone debt crisis threatens to squeeze the amount ...