It’s essential to talk
If you are having difficulty meeting your mortgage repayments or are worried it may become a problem in the future, you may wish to consider the following information.
Tagged: mortgages
Checklist for investing landlords
A range of issues to consider before entering the residential lettings market
This checklist is an introduction to buy-to-let highlighting the types of questions you should be asking yourself before buying a property to let out. It is not intended as an exhaustive list, merely an introduction for new buy-to-let investors, to a range of issues they should consider before entering the residential lettings market for the first time.
Housing private finance initiative
Government allocates £1.7bn for new homes
The Housing Minister John Healey recently announced £1.7bn funding to build 11,200 new homes and regenerate 10 of the most deprived areas of the country. Ten local authorities in six regions are to receive the cash under the housing private finance initiative (PFI) in order to allow them to deliver 4,500 new or improved council homes and 1,600 new affordable rented homes.
Experiencing mortgage repayment problems?
It’s essential to talk
If you are having difficulty meeting your mortgage repayments or are worried it may become a problem in the future, here is some information which may help you.
Government mortgage schemes
Mixed reaction to the latest statistics
There has been a mixed reaction to the latest statistics monitoring take-up of the government’s mortgage rescue scheme. Some reports have focused on the low number of households that have taken up an offer under the scheme. So far, only six households have done so, although more than 5,300 have embarked on the first stage of approaching a local authority to inquire about mortgage rescue.
Outlook for mortgage and housing markets
Prediction for the number of mortgage possessions lowered
Data form the Council of Mortgage Lenders (CML) confirms that lenders are showing forbearance to borrowers who fall into arrears, and that a range of government schemes is also providing help. They have also lowered their prediction for the number of mortgage possessions this year from 75,000 to 65,000.