Properties Repossessed Every 11 Minutes
Research by the debt organisation Credit Action has revealed that a new property is repossessed every 11 and half minutes – a startling figure considering credit card lending has gone down.
Yet, despite stricter budgeting endeavours by the general public, more than 9,300 people are believed to be visiting Citizens Advice every day as they struggle to cope with their personal debts. Read more…
Could Undervaluing Be Harming Housing Sales?
According to figures released by the National Association of Estate Agents, some of the UK’s leading lenders are undervaluing properties by at least 10% – a cut that is having a detrimental affect upon housing sales.
Speaking on these undervaluing, Assumpta Breslin for Principle First Financial Services explained that the reason for these sharp devaluations was because lenders are treating property as a risk assessment.
Heads up! Upcoming *free* course in .
Don't lose your chance to attend!
