With a growing number of Americans facing negative equity and becoming ever more pessimistic about the prospects of house prices recovering to make up that difference, they are surrendering to foreclosure even though they can still meet the repayments, according to reports. The trend is clear in recent rates
The financial health of some of Britain’s largest housing associations (HAs) is being questioned following the admission on Tuesday by the Tenant Services Authority that six were on a watch list. In parliament yesterday Vince Cable asked the government was it proposed to do about those facing ‘grave financial
A report out from rightwing thinktank Centre for Policy Studies puts the banking crisis blame squarely on the shoulders of Gordon Brown. It argues that the reforms introduced by Mr Brown, including a 2.5 per cent inflation target, were deeply flawed and led to excessive and imprudent borrowing and
Labour’s record on tackling asylum faces a fresh onslaught today over figures that show a new backlog of 30,000 cases and a warning by the government’s immigration watchdog that its targets are currently ‘unachievable’. John Vine also makes clear that a special five-year exercise which began in 2013 to
Buy-to-let landlords could trigger a house price crash as increasing numbers are selling their properties according to a report in the Observer. Fearful of higher interest rates and a fall in prices, landlords are starting to panic sell. For many landlords the rental yield is very low – 4
Around 300,000 people who had hoped to pay off their mortgage this year face shortfalls. They are all victims of missselling of 25 year with-profits endowment policies. Almost three million more people will suffer a similar fate in the next few years, according to the Association of British Insurers.
English councils are sitting on £250 billion of property assets, but only 20 per cent of council finance directors have all the information they need to manage their estates, according to an Audit Commission report published today.The report points to the uphill struggle that local authorities will face in