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Archive for the 'Recession' Category

Rightmove report 4 year drop

Rightmove report 4 year drop

The largest drop for 4 years has been reported this week. The asking price of homes being put up for sale has fallen by 3.1% in the past month, according to the property website Rightmove. As a result of the economic uncertainty and concerns about the state of the eurozone, asking prices are reflecting a dramatic fall. ...

posted by Zane in Buying,Guide,Property,Recession,Rightmove and have No Comments

Home Ownership down – Cost of Buying Up

Home Ownership down

The big news after the Bank Holiday weekend is based on the recent report from the National Housing Federation regarding Home Ownership going down, while the cost of renting and Buying continues to spiral out of control. They predict the number of home owners will drop to just 64% as house prices soar, compared to 73% in ...

posted by Zane in Buying,Home,Lending,Mortgage,Property,Recession,Renting and have No Comments

Santander Customer Service

Santander Customer Service

Does Santander deserve a second chance? Simon Read from the Independent believes so, as his article this week reasons the Spanish-owned company has good reasons why it's failed and will turn things around in the coming months. A response too late for many customers who have overwhelmingly rated the Spanish giant bottom in a customer service ...

posted by Zane in Lending,Mortgage,Recession and have No Comments

UK house prices set to fall

Rightmove - house prices will fall

Housing recovery doesn't seem to be on the agenda for the next few years as analyst are predicting a further fall over the coming few years. House prices are set to plunge by 20% by the end of next year, due to factors such as inflation and reduced mortgage lending. Some would comment this is totally expected due ...

posted by Zane in Buying,For Sale,Guide,Property,Recession and have No Comments

Royal Bank of Santander

Royal Bank of Santander - Santander bid for Royal Bank of Scotland

Royal Bank of Santander - Santander look set to buy Royal Bank of Scotland It seems Santander the Spanish bank that bought Abbey National are about to purchase 318 branches from Royal Bank of Scotland. Thus our cheeky headline "Royal Bank of Santander" Santander put a £2bn offer in April and is set to acquire 318 ...

posted by Zane in Lending,Mortgage,Recession and have Comment (1)

Fewer people own their home

Fewer people own their home

Since the eighties, home ownership increased as many saw it as a simple way to invest in bricks and mortar. But with many home owners and investors losing confidence in today current climate, home ownership has hit a 20 year low. Why such a low level of property owners? Many have literally been priced out of the ...

posted by Zane in Buying,Lending,Property,Recession and have Comment (1)

Zoopla reports prices down by 15k on listings

Zoopla reports prices down by 15k on listings

We knew it was about to happen, but now clearer than ever, prices are dropping dramatically in the lead up to the holidays with property listings falling by around 6% or 15,000 in the UK. The asking price is being forced down as few buyers are prepared pay the current prices and sellers are aware ...

posted by Zane in Buying,Estate Agents,For Sale,Recession,Zoopla and have Comments (2)

Discover 5 ways Monopoly Helps Property Developers

Discover 5 ways Monopoly Helps Property Developers

Monopoly will help you in the real world of property development - that's a growing view that is taking on a lot more meaning during this current recession amongst many developers! Surely not. Monopoly is a game of luck rather than skill, and I would never win second prize in a beauty contest unless only two ...

posted by Zane in Buying,For Sale,Guide,Lending,Mortgage,Property,Recession,Relocation,Renting and have Comments (3)

Rightmove rise

Rightmove rise

Rightmove is attracting record numbers of househunters despite the current uncertain market. Rightmove claim analytics show the six months to the end of June, the number of page impressions on its website jumped by 22% to 3.9bn. March was a record month, said the company, while April included its busiest day ever. With increased advertising spend ...

posted by Zane in Buying,Recession,Rightmove and have No Comments

Interest rates up to 8pc in two years

Bank of England

Yes Interest rates up to 8% in two years Experts are predicting a large rise Interest rates in the next two years. They expect the rise to reach around 8% to dampen the soaring inflation. All research points to the Bank of England being forced to raise interest rates to cope with inflation. With ballooning inflation threatening to ...

posted by Zane in Lending,Mortgage,Recession and have Comment (1)
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