27 October 2008 Archive

The big story today was property.

As the credit crunch strangles Briton's finances, more people are taking in lodgers to ensure they can cover mortgage repayments.

House prices will fall to 2004 levels losing £50,000 of their value by the end of next year.

One in 20 homes are now being sold at a loss as house prices continue to dive.

The decline in average house prices in the UK economy has continued to gather pace, according to the latest survey from Hometrack.

Tesco Personal Finance is adding mortgage products from across the market to its comparison website.

Skipton Building Society revealed it would not be reducing its standard variable rate (SVR) on mortgages despite the recent cut in the base rate.

Borrowers on Coventry Building Society's Privilege rate will see their mortgage cut to 6.50 per cent.

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Month Archives 2008

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