Fixed Rate Mortgage used in a Recession Your fixed rate mortgage is generally the last thing on most peoples minds. Difficult economic times cause most consumers to feel uncertain about everything from price inflation to security of employment. Many homebuyers may feel reluctant to take on a variable rate mortgage since an increase in...
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Where Are The Best Interest Rates To day we are certainly seeing some of the best interest rates ever seen in the history of motgage lending. Back in 1975 there was around 5,000 different interest rates available in the UK mortgage market and just before the credit crunch four year ago there were over 18,000 different interest...
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Credit Crunch 2007 Four years after the Credit Crunch we find that the banks still don’t trust each other and they are finding it hard to lend to us. The value of houses has dropped and property valuers are still down valuing properties. The number of mortgage interest rates available today is down from...
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Negative Equity Mortgages Return The return of negative equity mortgages has become widespread again due to the collapse in the housing market which happened due to the global downfall of the banking system. The last time we saw mortgaged property worth less than the amount borrowed to purchase them was back in the late...
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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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