3 April 2008 Archive

No deposit? No deal

First time buyers will find it more difficult that before to get a mortgage

With the credit crunch seeming to worsen and go deeper than initally anticpiated Chistina Jordan examines how lenders have reacted and what they now expect from potential homeowners.

Government widens Open Market HomeBuy scheme but will it make a difference?

First Time Buyers still struggling despite new government scheme

Two year's after the launch of the Open Market HomeBuy scheme will a new government initiative make any difference? Chris O'Toole investigates.

Climate change battle heads home

Benn: New £100m consumer climate change scheme

UK homeowners are being pushed to do more to combat climate change, under a new £100 million government initiative.

Stamp duty tax changes set

Stamp duty: Changes welcomed

Changes to the stamp duty land tax (SDLT) regulations announced in last month's Budget have been welcomed by The Land Registry (LR).

House prices to fall '10% in 2008, 3m in negative equity'

Cable: Negative equity warning for 3m

House prices could fall by as much as ten per cent this year and will not recover for five years, MPs heard yesterday, with three million families facing negative equity in a year.

15 eco-town sites names

Property: Brown's Eco-town sites named

Fifteen sites that could become new eco-towns and help the government to build three million new homes have been unveiled today.

BoE: Mortgages set to be harder to secure

Bank of England: A good mortgage these days is hard to find

Securing a mortgage will be harder in the next three months as the credit squeeze in the money markets pressures UK homeowners.

Libor keeps mortgage rates high

Mortgages: Calculating mortgage rates tough

The liquidity squeeze on the international markets is now solidly feeding into the UK mortgage market as rates rocket and deals are dropped.

Mortgage applications need to be impeccable

Mortgages: Care needed for mortgage application in credit crunch

Borrowers need to present impeccable mortgage applications as banks become increasingly cautious about who they lend to.

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