Existing loan books effecting market
The question being asked by potential borrowers in the UK is why after receiving billions of pounds from the government are lenders still not issuing mortgages at a rate that suits buyers.
The problem is that even after getting their hands on the governments handouts the lenders are still saddled with mortgages secured on properties that [...]
Getting back into the market
It is like the holy grail of the property market, when to get onto the property ladder. In the past, this was not a problem, in fact, banks and building societies were literally falling over themselves in order to get new business, but we all know where that led us.
The property market has seen prices [...]