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Tag Archives: Mortgages
Assembly Member calls for reform of mortgage interest loans
Londoners are facing even more debt as a result of the crisis in interest rates and the cost of living crisis, according to a member of the London Assembly. Since February, 65 London households in mortgage stress have been pushed … Continue reading
Thousands of Croydon mortgage-holders hit by ‘greedflation’
ANDREW FISHER on the ‘collective irrationality’ over interest rate increases which can only make an already bad economic situation much, much worse – with some residents in this borough facing mortgage increases of more than £5,000 per year In the … Continue reading
Posted in Andrew Fisher
Tagged Andrew Fisher, Bank of England, Base rate, Chris Philp MP, Conservative, Croydon, Croydon Central, Croydon North, Croydon South, inflation, Interest rates, Mortgages, Tory
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Average house prices in Croydon almost double in a decade
Estate agents and buy-to-let landlords feel the squeeze as Trussonomics begins to have an impact The cost of an average house in Croydon has increased by 92.4per cent in the 10 years since 2013, according to research based on figures … Continue reading
Posted in Business, Council Tax, Housing, London-wide issues
Tagged 15% Council Tax hike, Bank of England, Bromley, Council Tax, Croydon, house prices, Interest rates, Mortgages, Sutton
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Desperate tenants handed £250 per month rent hikes in 2022
Private renters have seen rents increase by as much as 15per cent since last Christmas, while some prospective tenants are so desperate to find suitable accommodation that they have offered landlords inducements to take them on. With a dire shortage … Continue reading
Posted in Business, Housing, London-wide issues
Tagged Mortgages, Ocasa, Private rented sector
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Bleak midwinter for housing market as interest rates rise
Home-buyers in London are on average spending 56% of their earnings on their housing costs, with recent interest rate rises adding £3,000 per year to average mortgage bills Rising interest rates are seeing house sales fall through and the price … Continue reading
Posted in Business, Housing, Property
Tagged Bank of England, Halifax, Mortgages, National Association of House Buyers, Nationwide, Property prices
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Mortgage payments up by one-third hitting Croydon hard
Seems like Croydon South MP Chris Philp’s first weeks in office at the Treasury have managed to make life tougher even for the people who would usually be expected to be among his firmest supporters: house buyers. Market analysis by … Continue reading
Posted in Brick by Brick, Business, Chris Philp MP, Croydon South
Tagged Brick by Brick, Chris Philp MP, Conservative, Croydon, Croydon Council, Croydon South, Liz Truss, Mortgages, Tory
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A first-time buyer’s guide to buying your first home
“Getting a first step on the housing ladder…” is among one of the most hackneyed clichés in modern Britain. Held up as some kind of “aspiration”, harking back to Thatcherism, the reality is that, often as not, buying a home … Continue reading
