Does anybody know how to solve the problem? Billions of pounds have been thrown at our banking industry to save it by the British government, unemployment has risen above two million, saving and mortgage interest rates are at their lowest levels ever, house prices are still tumbling down, inflation is high on food costs...
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The Council of Mortgage Lenders figures show that mortgage lending has fallen for another month from 32,400 mortgages completed in December, 2008 to 23,400 in January, 2009. The number of competed mortgages is down by 52% on January 2008 when 48,600 mortgages were completed. Money is still tight and the banks still have little...
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The Council of Mortgage Lenders says that in 2008 there were 46% fewer first-time buyers than in 2007. Those first-time buyers that did get on the housing market were reported to have put down a 22% deposit on their new home. Estate Agents and Mortgage brokers would like to forget 2008 as it was...
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