19 November 2008 Archive
1.3m interest only mortgages with no way to pay off
A total of 1.3 million interest only mortgagees have no vehicle for repayment behind them, while some 456,000 interest only borrowers could be in negative equity by the fourth quarter of 2009. |
British Land properties fall 10% in value
British Land's portfolio of properties fell 10.8 per cent over the last six months. |
Estate agents demand stamp duty suspension as prices drop
Estate agents are calling on the government for further action to inject some life into the housing market. |
Bank of England unanimous on 1.5% cut
The Bank of England's monetary policy committee (MPC) voted unanimously to cut interest rates by 1.5 per cent earlier this month - where a 2.5 per cent cut was discussed. |
Accidental landlords urged to get help
UK rents are dropping as unsold properties are rented out and owners become accidental landlords. |
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