Dire predictions from the NH&PAU that the bottom quarter of or population will never be able to afford housing. Not since Margaret Thatcher walked the floor boards of number ten have things looked so bad for the more vulnerable in our society. From BN … According to the National Housing and Planning Advice Unit,...
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Property
Houses 10 times earnings of bottom 25 percent
One million UK homeowners to see 30% increase in loan payments
As storm clouds gather and the UK suffers unseasonably bad weather, reading the press over the last few days it seems that further bad news is on the way. Is it just a gloomy time of the year or did the UK have it too good for too long? Is Gordon Brown about to...
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UK banks fear return of negative equity
With the latest increase in interest rates announced by the Bank of England this week many UK lenders are cutting back their exposure to a potential fall in house prices throughout the country. With house price increases in the UK finally showing signs of a slow down (except in the London area) HSBC is...
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Bank of England may have to increase by 0.5 percent
At the beginning of this month the odds were pretty much 50/50 that the Bank of England would leave rates on hold as the CPI fell to 2.7 percent. Today the office of national statistics published the latest figures that show the CPI has jumped a massive 0.4 percent to 3.1 percent. This also...
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