Nine out of 10 endowments could fail to earn enough money to pay off homes
Claire McNeilly, BelfastTelegraph.co.uk – Thursday, 4 March 2010
Thousands of home owners in Northern Ireland are facing massive mortgage payment shortfalls, financial experts have warned. Some householders who took out endowment policies when they bought their properties could even be forced to [...]
An ageing population will have a significant impact on UK residential property market, report shows
UK retirement property sector.
PropertyWire.co.uk, Thursday, 04 March 2010
An explosion of grey hair has significant implications for the future of retirement properties in the UK and the wider residential real estate market, it is claimed.
Retired people form the country’s fastest growing demographic [...]
The latest figures from Assetz House Price Watch show that house prices were 4.7% higher in January than at the same time in 2009. Assetz House Price Watch compiles monthly average figures taken from all of the major house price indices to offer a more accurate picture of house price trends.
Graph 1, attached, reveals that the average house price, ascertained from the five major UK indices, was £194,168 in January. This is a £8,669 increase on figures for January 2009 and represents 4.7% growth year-on-year. Average house prices are currently at the highest level since October 2008 (£194,735).
The bank, 41 per cent owned by the taxpayer, has broken with convention by not charging a fixed application fee such as £499 or £999 on the new remortgage deal.
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