Mortgages should be capped
The government should consider imposing caps on the amount mortgage companies can lend to homebuyers, the deputy governor of the Bank of England has suggested. Sir John Gieve, who is…
Tag: credit crisis
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Fear of return to council ghettos
Housing associations are to stop building mixed estates of privately owned and social rented homes because of the credit crunch, leading to fears of a return to ‘council ghettosâ says…
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A date for the diary?
The Daily Telegraph newspaper has picked 16 September 2026 as the perfect day to buy your next house. The paper asked a number of property experts to estimate the date…
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Homeowners remortgage for cash to pay bills
Researchers at Durham University have found many homeowners are remortgaging their homes for cash to supplement their day-to-day expenditure. The researchers looked at the spending patterns of more than 8,000…
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PM calls for end to 100% mortgages
Speaking to the Observer, Gordon Brown said the Financial Services Authority (FSA) would consider controls on mortgage of more than 100 per cent of a home’s value, and on high…
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Mortgage lending shrinks
Mortgage lending has fallen sharply, with approvals for house purchases 60 per cent lower than a year ago. The number of approvals fell by 14 per cent in November to…
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Quarter of Britons cancel home insurance to save money
Nearly one in four people have cancelled their home insurance in a bid to save money during the recession research from the Association of British Insurers found. Around 22 per…
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Bank of England in crisis talks with building societies
The Bank of England is in talks with seven building societies hoping to renegotiate emergency funds made available during the credit crunch. While the building societies – including Chelsea, Yorkshire…
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House price fall at lowest rate for a year
House prices fell at the lowest monthly rate for a year in April, according to latest figures from Hometrack. They fell by 0.3 per cent for the month, taking prices…
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Mortgage squeeze forces families to downsize
Middle class homebuyers are downsizing their properties because of the mortgage drought, the National Association of Estate Agents (NAEA) has said. Housebuyers who would normally have looked for a four-bedroom…