House prices dropped on average by £17,000 during the last couple of weeks in November, this is a national decline of around 6.5%.
London has seen the greatest house price falls with areas such as Westminster dropping by over £100k. It looks as if sellers are finally wising up to the fact that they must drop [...]

2009 will be a tough year for us all. The latest figures suggest that as many as 75,000 Britons will face repossession, that’s a 67% increase on the number of repossessions taking place this year. The number of people falling into mortgage arrears is expected to reach around half a million.
The number of repossessions expected [...]

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 slump in the housing market has reached a suitable low to attract interest from bargain hunters. In November the Royal Institution of Chartered Surveyors (Rics) reported a rise in buyer enquiries, although these enquiries are yet to be seen in actual sales with the lowest volume of house sales recorded for around 30 years [...]

During November we saw the lowest volume of houses sold for 30 years marking the fact Britain is now in deep recession.
The squeeze on lending coupled with falling house prices, low confidence and uncertainty in the employment market is causing the lack of property sales.
Falling property prices are great for first-time buyers and investors that [...]

According to the council of mortgage lenders the stamp duty holiday, which was brought in by government ministers just over two months ago has failed to improve demand. Early in September a 1 year long stamp duty holiday was brought in for properties worth less than £175K.
The holiday failed to excite homebuyers with the [...]

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 [...]

The UK economy is weakening and with this comes extra pressure on many of us to make mortgage payments, with some having to resort to using high interest credit cards to pay the mortgage. The worst hit areas of the UK are Wales and the Midlands with up to 1 in 10 people resorting to [...]