UK Mortgage, loan, finance and property news July 2008.
100 per cent bridging loan launched
The 100 percent bridging loan called Underbridge, the product will allow those who have bought property at upwards of a 25 per cent discount to take out a loan of 100 per cent of its value.
Cable cites reckless lending
Vince Cable, the Liberal Democrat shadow chancellor, has accused mortgage lenders of being reckless and claims the British Bankers Association (BBA) should have acted earlier to prevent the current...
Empty commercial property eyed by government
Changes to the tax regime for unoccupied commercial property are likely to see the government raise considerably more revenue than initially planned. When the changes to tax relief arrangements for...
Lift stamp duty to improve affordability
The Association of Home Information Pack Providers (AHIPP) is calling upon the government to suspend stamp duty on house purchases of under 200,000 GBP in value, in a bid to revive the mortgage and...
London bucks UK property trend
Property prices in London have bucked the recent trend for falling values and have risen over the year to June 2008, a new study has revealed. Compiled by the Centre for Economics and Business Rese...