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News about Mortgages:
Talk of rate cuts acknowledges dire outlook - Times OnlineSerious, credible people are starting to predict astonishingly low interest rates for Britain. Jonathan Loynes, of Capital Economics, says that base rate will fall from the current 4.5 per cent to just 1 per cent. Stuart Thomson, of Resolution Asset ...
A new lease on ownership - Daily PressISLE OF WIGHT - For the Osbornes, it was the perfect time to buy a house. The price was right, they could benefit from a down-payment assistance program that expired in September — and they're expecting a baby. But what should they do about the ...
Titchmarsh has his financial feet firmly on the ground - Daily TelegraphMy dad was a plumber and we lived in a tiny two-bedroom terraced house in Ilkley, Yorkshire, which they bought in the 1950s for £800. Funnily enough, somebody sent me the property details last week – it's currently on the market for £214,000 ...
Housebuilders face market implosion - Times OnlineI refer to them as the living dead - they can be kept alive but really they are just ghost companies. That is the shocking description of the state of many of Britain’s housebuilders by Alastair Stewart, housebuilding analyst at Dresdner Kleinwort ...
George Osborne must go, say angry Tory activists - Times OnlineThe future of George Osborne as shadow chancellor was under renewed scrutiny last night amid attacks by party members who claimed he risked undermining sterling. Activists contributing to party websites have labelled his interventions on Gordon Brown ...
Take in a prisoner as a lodger and that’s two problems solved - Times OnlineDisturbing news from the courts last week. A homosexual who killed and ate his lover was sentenced to 30 years behind bars. Which means, after he gets out a week on Tuesday, he’s going to come round to your house, sprinkle you with some herbs and ...
Home repossession rises by 10 per cent - This is SouthamptonTHE number of repossession orders in the Southampton area has increased over the past year, new figures have revealed. A total of 193 mortgage repossession orders were made by the courts in the city during July, August and September, up ten per cent ...
Homes sales pick up slightly as prices drop in region - HamptonRoads.comSales of existing homes picked up slightly last month in South Hampton Roads while prices continued to fall, according to data released Friday by the region's multiple listing service. Virginia Beach-based Real Estate Information Network Inc. said ...
Spare us this Ross sob story - Daily MailThere is a slippery campaign afoot to excuse the obscene broadcast by Russell Brand and Jonathan Ross on Radio 2 last month. It's common to hear media folk say it was all a fuss about nothing and 'what a shame if it inhibits the BBC's promotion of ...
Nick Robinson's Newslog - bbcThe Tory leadership did not attend last night's dinner to celebrate the 20th anniversary of the Bruges speech . They were not there to pay homage to Margaret Thatcher or to join in the chants of "10 more years". They did not hear Norman Tebbit's call ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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