Friday, November 30, 2007

mortgage and property investment

cheap mortgages in the uk with mortgage help centre uk

http://www.mortgage-help-centre.co.uk/

A majority of British people believe buying property is now a safer place to put their money than saving with a bank or building society.
Research for the BBC Two series, The Truth About Property, found 53% of respondents believed owning property was safer than cash.
The poll took place in the aftermath of the Northern Rock crisis, the first run on a British bank in nearly 150 years. http://www.mortgage-help-centre.co.uk/
The findings come despite mounting evidence of a slowing housing market.
'Extreme measures'
Asked which they thought was a safer investment at the moment, 53% of those surveyed said buying property was safer than cash.
That belief is directly at odds with the view accepted by the overwhelming majority of investment professionals.
They regard cash as safer than property because as long as the bank is solvent, there is no risk to your capital.
It will also raise questions about the success of the government's attempts to reassure the public following the run on Northern Rock.
The programme also discovered that first-time buyers, fearing the first rung of the property ladder is drifting out of reach, are taking extreme steps to obtain a property.
Such steps included:
Going to Bulgaria to buy despite warnings of an oversupply of property in Eastern Europe which could bring prices down there
Queuing all summer in tents for old army houses
Finding a friend to buy with using the internet http://www.mortgage-help-centre.co.uk/
Buying a boat to house a family because normal housing is unaffordable even when people earn well over the average income
A Stretch Too Far?, the first episode of The Truth About Property, was screened on 18 October at 8pm. http://www.mortgage-help-centre.co.uk/

Tuesday, November 6, 2007

mortgages and remortgages in the uk

mortgages and remortgages in the uk

A majority of British people believe buying property is now a safer place to put their money than saving with a bank or building society.
Research for the BBC Two series, The Truth About Property, found 53% of respondents believed owning property was safer than cash.
The poll took place in the aftermath of the Northern Rock crisis, the first run on a British bank in nearly 150 years.
The findings come despite mounting evidence of a slowing housing market.
Prices have fallen in many parts of the UK in the past few months, prompting some analysts to question whether the decade-long housing boom is coming to an end.
In order to gauge how record house prices were affecting people's lives, the BBC commissioned NOP to conduct research on the issue at the end of last month.
Asked which they thought was a safer investment at the moment, 53% of those surveyed said buying property was safer than cash.
That belief is directly at odds with the view accepted by the overwhelming majority of investment professionals.
They regard cash as safer than property because as long as the bank is solvent, there is no risk to your capital.
It will also raise questions about the success of the government's attempts to reassure the public following the run on Northern Rock.

More evidence that house price inflation is cooling off has come from the Department of Communities and Local Government (DCLG).
Prices across the UK rose by 0.5% in August, taking the average price across the country to £219,528.
However, the annual inflation rate for property fell from 12.4% to 11.4%.
The report confirms the evidence of other surveys, from lenders and surveyors, which have shown a recent downturn in the property market.
The drop in inflation shows clearly that the market is responding to the five increases in interest rates that the Bank of England has imposed since the summer of 2006.
Prices are even cooling off in London, which has been the main engine room of house price inflation in the UK.

http://www.mortgage-help-centre.co.uk/index.html

Monday, September 17, 2007

northern rock mortgage company falling

http://www.mortgage-help-centre.co.uk

The government tried to stem the tide of cash pouring out of Northern Rock on Monday, promising depositors they wouldn't lose a penny as the bank's share price plunged further and thousands queued to withdraw their savings.

But fears that Northern Rock is not alone in needing funding saw shares in fellow bank Alliance & Leicester tumble more than 30 percent in frenetic trading, forcing it to deny it has also asked the central bank for help and continued to fund itself. http://www.mortgage-help-centre.co.uk/

Chancellor Alistair Darling said if necessary the government and Bank of England would guarantee all existing Northern Rock deposits during the current instability.
Currently an industry-funded scheme only protects depositors for 100 percent of the first 2,000 pounds in any bank account and 90 percent of the next 33,000 pounds, giving a maximum payout of 31,700 pounds.
Meanwhile Northern Rock, which was rescued on Friday by emergency Bank of England funding, said it was not in takeover talks but would consider its strategic options.
The fifth-biggest mortgage lender is widely expected to be taken over and said after Monday's close it was not currently in talks with another party but was "actively considering all strategic options".

The bank and regulators said there was no need for investors or customers to panic, and that it remained solvent. http://www.mortgage-help-centre.co.uk/

Newcastle-based Northern Rock also said it had not yet drawn on any Bank of England funding, but customers continued pulling out their savings.

"I didn't initially panic but the more you watch the news and
read you think maybe we ought to do it as well," said Barbara Williams, retired, as she stood in line with hundreds of others at the Oxford Circus branch in central London.
"We thought we would do what everyone else is doing. Rightly or wrongly it's a chance you can't take."
Fears have mounted that a run of withdrawals will exacerbate Northern Rock's funding problems and force a fire sale of the business. The problems were triggered by the global credit crunch as banks, worried about exposure to dodgy U.S. mortgage debt, jacked up the price of lending to each other.
As the fallout threatened to have wider economic and political impact, Darling said authorities would consider every option to solve the crisis and if people left their money in Northern Rock accounts "it will be guaranteed safe and secure".

Shares in Northern Rock closed down 35 percent at 282.75 pence, following a 31 percent tumble on Friday to cut the bank's market value to under 1.3 billion pounds ($2.6 billion). The shares hit a 7-year low of 257.25p and have lost 76 percent this year. http://www.mortgage-help-centre.co.uk/

"The franchise is broken -- the deposit franchise at least -- the run on the bank is happening as we speak and could see as much as 12 billion (pounds) of deposits withdrawn," said Mamoun Tazi, analyst at MF Global. "One way for this to stop is for the bank to be taken over."
Northern Rock provides one in 13 home loans. The BoE, as lender of last resort, has stepped in to help funding after the bank struggled to borrow in money markets.

News of the emergency funding line sent thousands of Northern Rock's 1.4 million savings customers rushing to its 76 branches and to the Internet for their money.

Customers are estimated to have withdrawn at least 2 billion pounds, which would represent about 8 percent of its deposits, and long queues, Web site problems and a time-lag for postal account customers mean withdrawals could continue.
The reaction of postal account holders will be significant, as they account for 10 billion pounds of the bank's 24 billion pounds of retail deposits. http://www.mortgage-help-centre.co.uk/mortgagedeals.html
"YOUR MONEY IS SAFE..."
Northern Rock Chief Executive Adam Applegarth sought to reassure customers that their savings were secure via a message posted on the company's Web site, www.northernrock.co.uk.
"Your money is safe with us and if you want some, or all of it back, then you are perfectly entitled to it. Whilst you may have to wait a little longer than usual to receive it, you will get it," Applegarth said in the message posted on Sunday.

Banks including Lloyds TSB have considered buying its rival, according to industry sources, but suitors have been put off by difficult credit markets and uncertainty about the true valuation.
Analysts said the bank, approaching its 10th anniversary as a listed company, is unlikely to survive in its present form. http://www.mortgage-help-centre.co.uk/badcreditmortgages.html

Options include an outright sale or the slicing up of its 100 billion pound mortgage portfolio among the country's other major banks. Other alternatives could include a rundown of the business in which cash is returned to depositors, branches closed and loans repaid.
Other European bank shares were hit in the wake of the turmoil. Big names such as HBOS and Royal Bank of Scotland both fell at least 4 percent, A&L shed 31 percent, smaller lender Bradford & Bingley lost 15 percent and Spain's smaller banks, which are also reliant on wholesale money markets for funding, fell heavily too.http://www.mortgage-help-centre.co.uk/badcreditmortgages.html

Thursday, September 6, 2007

mortgage help centre uk http://www.mortgage-help-centre.co.uk

mortgage-help-centre.co.uk are a UK based mortgage website helping consumers find the best deals on UK mortgages. Mortgage Help Centre offers free impartial independent advice on UK mortgages and we search the whole market for the best mortgage deals. http://www.mortgage-help-centre.co.uk

If you are looking for your first mortgage or you are wanting to remortgage, or simply want to find out more about the mortgage industry, this is the site for you.
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We also are specialists in commercial mortgages in the uk

There are many financial websites out there that try to impress you with jargon and technical detailsl. But that's no use when all you want is a straightforward guide to the essentials of the UK mortgage market with Mortgage Help Centre http://www.mortgage-help-centre.co.uk/index.html

Mortgage help centre site contains clear and impartial information about UK mortgages, enabling you to make better informed decisions about what is likely to be the biggest financial commitment of your life and we can help you find a suitable mortgage. Whether it is a repayment mortgage you are after or if you are a landlord who invests in buy to let property we are here to help you with relevant information.
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Visit http://www.mortgage-help-centre.co.uk/index.html if you need help on getting a mortgage or remortgage in the uk.

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