As at the end of July 2009 total UK personal debt stood at £1.457 billion. Birmingham, Britain’s second city have suffered more than most. With an economy built largely on manufacturing and the car industry this was inevitable.
Original article by Vanessa Houlder FT.COM The number of people who have lost their home to house repossession fell by 10 per cent in the second quarter to 11,400, according to the Council of Mortgage Lenders. CML said the main factor behind the decline was the forbearance shown by banks to cash-strapped customers hit by [...]
Nationwide record house prices across the UK, the figures make very interesting reading. Below are the UK house prices for 2008, every month house prices have fallen: January – .6% February – .9% March – 1.2% April – 1.2% May – 2.6% June – 1.1% July – 1.7% August – 1.9% September – 1.7% October [...]
House Prices have crashed over the last few months. Were prices overinflated, leading to a correction in the property market. Or is it that the UK economy is in real financial trouble? The property market had been flourishing for many years and many people thought that the good times would continue for the medium to [...]
