Money Blog: House Hunters

By Nic Cicutti
6 days ago

I must be getting old and boring, but to me there is something very positive about the fact that UK homeowners paid off £5.7bn of their mortgage equity borrowings between July and September of this year. This compares with extra borrowing of £11.1bn – known as “equity withdrawal” – on their existing homes during the same period in 2007, according to figures published by the Bank of England.

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By Nic Cicutti
14 days ago

Where is the housing market likely to be next year? I’ve been left wondering after a slew of predictions in the past week, which pitch property prices at anything between 5% and 20% down in the coming 12 months.

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By Nic Cicutti
18 days ago

I’m not in the market for a mortgage right now – but if I were, I’d be spitting blood. A new report shows that mortgage lenders are ripping off borrowers on a monumental scale…

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By Annie Shaw
22 days ago

RBS, HSBC and the Spanish group Santander, which owns Britain’s Abbey and Alliance & Leicester, are all nursing heavy losses this morning, thanks to the actions of just one man – Bernard Madoff. But how did he get away with it? Bear with me and I’ll explain…

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By Annie Shaw
27 days ago

Could there be glimmerings of a recovery in the housing market? The property slump of the last few months has left homebuyers reeling, but although house prices continued to fall sharply last month, the pace seems to be slowing at last.

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