With the latest news that house price decline in the UK has hit double digit numbers, and that the decline is even more rapid than at any point in living memory. We are following through with a suggestion we made some time ago … if house prices are bound to fall at least 30...
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Finance
UK House Price Challenge
Service sector economy to collapse
Anyone who can remember the Thatcher era, will remember that the great mantra at the time was that we were moving to a service sector economy. With steel works and mines closing we witnessed great swathes of devastation cut across many parts of the country. Indeed with steel works, mines and ship builders the...
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How far will the housing market fall
We’ve been harping on about the housing bubble for some time here at The Business News Source. As we pointed out it wasn’t ‘if’ – but ‘when’ the collapse would happen. OK, so the ‘when’ is now here and the focus has shifted to ‘how much’. We’ve seen figures for the UK’s housing stock...
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UK CML encourage more debt
With an astounding example of inappropriate timing, the UK’s Council of Mortgage Lenders (CML) yesterday announced that the equity release sector should be encouraged to grow by the government. Equity release schemes are designed to homeowners to release cash from the current value of their property – in other words equity release is a...
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Will Abbey insanity takedown Santander?
All eyes at the bourses in Europe will be on Santander on Monday morning. With confidence in the banking sector at all time low it seems that the Spanish bank has slipped up badly by allowing its British owned Abbey to offer an insane portfolio of mortgage offerings. Sometimes you just know that there’s...
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