In parliament yesterday Alistair Darling announced some changes that were aimed at stimulating lending back to the levels we saw in 2007. Despite the £37 billion Government bailout, that occurred during October, lending remains at a third of the levels seen in the previous year. The interest rate cuts announced on the 5th December 2008 [...]

At the moment the UK is currently seeing £80 per day being wiped off the value of the average property. Even with falling interest rates there still seems to be no indication that this will stop any time soon. Prices have fallen anywhere between 10-16% in the last year and uncertainty continues as to when [...]

The Bank of England has once again cut interest rates in a hope to stimulate the property market, but it still may not be enough. The cut in interest rate was welcomed throughout the property industry but analysts believe this won’t be enough to stimulate the market. 
The interest rate was cut by 1% making the [...]

Abbey one of the UK’s biggest mortgage lenders has raised the cost of borrowing just before the expected rate cut by the Bank of England on Thursday the 6th November. Abbey have increased the rate on tracker mortgages negating any benefit customers would have received from a 0.5% rate cut.
The prediction in rate cut is [...]

Why are people complaining so much about a fall in house prices. Many of us have been hoping for a fall in the price of property for a while - 28% according to a recent BBC poll. While only 22% hope they continue to rise and those are probably people who have recently bought property [...]

Today I am going to talk about the dining room and what you can do to make it the perfect space for a night in with your family and friends. People’s attitudes to dining have changed dramatically over the years. In the past the dining room was only used for very special occasions that were [...]

Leaving unpaid credit card debt for too long and it could ruin your chance of getting a mortgage in the future. Instead of mortgages being based on how much you earn it will be more based around how much you can afford after all your outgoings and debt re-payments.
Banks such as Alliance and Leicester, [...]

According to Nationwide the average property value in the UK has dropped by 12.4%. This means that on average a home in the UK now cost just £162,000; this figure was taken from Nationwide’s monthly house price index, which is based on its mortgage approvals over the period.
This current trough in the market is [...]

The property market continues to feel the bite of the credit crunch and another indicator of this is the fact that people have stopped taking equity from their homes. In the past people used to take equity out to pay for a new kitchen or a big purchase now house prices are falling people are [...]

Thinking about building your own home? Maybe you want to renovate or add an extension. Here are some interesting facts, figures and sources of information that will help you.
Financial facts to think about:
• Typically,building your own home saves around 30%.
• By extending your home you save the cost of moving – including stamp duty.
• There is a huge [...]