In: Hard Cash| Property News
11 Aug 2009The Council of Mortgage Lenders have reported today that the number of mortgages approved during June reached 45,000, a 23% improvement upon May’s figures and just 6% lower than the number of mortgages approved in June 2008. This might be evidence for a stabilisation of the market, but only in certain areas. Further figures from [...]
In: Hard Cash
27 Jul 2009The Guardian reports that government Ministers are thinking about underwriting mortgages for first-time buyers who only have small deposits to put down on their new homes. Although most banks are currently asking for at least 25% as a deposit, under the proposed new scheme (which mirrors a similar venture in Canada), the government would consider [...]
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