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England’s Most Expensive Home Facing Foreclosure

Published on 27/07/2011 By Tomas

Published by Forbes Blogs on Wednesday, 13 July 2011 by Morgan Brennan   England’s most expensive home for sale has apparently just found a new owner: the bank. The lavish Updown Court in Windlesham, Surrey is in the process of being seized by the Ireland’s National Asset Management Agency (NAMA) after defaulting on a £50 […]

UK Property Repossessions Set to Rise

Published on 04/02/2011 By Tomas

Published by Hub Pages on Sunday, 30 January 2011 by Susana S   Double Dip Recession on the Way? During the first weeks of 2011 reports about the UK economy have been nothing but negative and with the current governments refusal to see sense, it’s highly likely that we’ll see a lot more property repossessions […]

Repossessions to rise in 2011 lenders forecast

Published on 16/12/2010 By Tomas

Published by Property Community on Wednesday, 15 December 2010 by Ray Clancy   Mortgage arrears and repossessions will rise modestly next year, the Council of Mortgage Lenders (CML) predicts. Its annual forecast for the UK property market paints a picture of continued stagnation, with the current low level of sales persisting, and prices falling modestly […]

UK home repossessions and resultant shortfall debt

Published on 21/09/2010 By Tomas

Published on Hellium By Katerina Nikolas   Home repossessions are still at high levels in the UK. Those who fall into arrears on their mortgage by missing a payment need to be in contact with the lender and try to sort out a solution to the problem. Those who simply ignore the collections calls and […]

Standard & Poor’s warns of wave of house repossessions

Published on 15/09/2010 By Tomas

“Standard & Poor’s ratings agency says planned spending cuts and tax rises may lead to many more house repossessions”   Published on Guardian By Larry Elliott, Monday 9th September 2010   The government’s planned spending cuts and tax rises could trigger a fresh wave of house repossessions as hard-pressed borrowers find it impossible to meet […]

New FSA Rules

Published on 28/06/2010 By Tomas

“New protection for struggling homeowners” Source – Moneyfacts.co.uk New rules are to be introduced which will ensure there are proper protections in place for vulnerable homeowners in arrears on theirmortgages or people entering sale and rent back agreements. The Financial Services Authority (FSA) has said customers in arrears must be treated fairly by firms and […]