Blog Home » August 2008
First Time Buyers Cannot Afford to Buy in Interest rates - 13/08/2008
It is still ’almost impossible’ for people on low incomes to buy their own home due to high house prices and the large deposits being demanded by lenders, a new report revealed today. A couple in the bottom quarter of earnings would have to save more ... more
Fixed Rate Mortgages At All Time High in Interest rates - 13/08/2008
The cost of a fixed-rate mortgage has soared to its highest level in eight and a half years. Average interest rates on a two year fixed-rate mortgage where buyers provide a 25 per cent deposit last month rose to 6.63 per cent, according to Bank of England research... more
Recession Only Three Months Away in debt management - 13/08/2008
Business confidence has fallen sharply and sales figures have crashed, according to the British Chambers of Commerce. Companies are also reporting alarming shortages of cash as the credit crunch bites. The BCC’s quarterly report on the UK’s economy ... more
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