Archive for January, 2008
House prices fall down to 1990s level
The number of chartered surveyors reporting house price falls has reached levels last seen during the early nineties house price crash, new figures show.
The Royal Institution of Chartered Surveyors (Rics) said 49.1% more chartered surveyors said house prices fell during December than those who reported a rise, the lowest figure since November 1992.
At the same [...]
Mortgage market for unusual properties ‘opening up’
Money Expert reports:
It can be hard to find a mortgage for an unconventional building, homebuyers have been warned.
Mortgage broker Finance4 has reported that properties such as conversions, buy-to-let and listed buildings can come with additional problems, meaning lenders are reluctant to fund the purchase.
It explained that should a borrower default on payments, an unusual property [...]
