economonkey

The UK property market remains in freefall, with figures from Righmove.com showing the average price of a home in England and Wales has fallen by a shade under 5% over the past twelve months (although Halifax and Nationwide put that figure at 12%). According to the Council of Mortgage Lenders, UK mortgage lending has dropped […]

We’ve all read the stories about rising house repossessions, as the people who over-stretched themselves to claw their way onto the property ladder ‘at any cost’ during the boom years suddenly realise that borrowing all that money to buy a property at a wildly inflated price probably wasn’t such a good idea after all. […]