Euro crisis causes mortgage rates to soar!!

For anyone intending to move home or remortgage, there may be some bad news in that mortgage rates this week have been seen to continue to rise. The primary reason behind this rise is the crisis in the eurozone which has meant that the costs of wholesale funding for banks has been forced up. This means that for a large number of homeowners who are intending to take out a mortgage will now have to pay an extra £16 per month (a fee that they would not have had to pay, had they applied over a week ago). ING Direct’s two-year fixed-rate for those with a 40 pc deposit increased to 2.85% from 2.65 % with a fee of £1,945. Need conveyancing? Compare conveyancing with us!! Www.helpfulconveyancing.co.uk

Thousands remain homeless while over 900,000 empty homes are left to rot...

Tracy from East London repeatedly walks past a whole block of flats that have remained empty ever since they were built. She said; "the block backs on to the Lee Navigation and has views directly over the Olympic Stadium, but sadly no one is getting to enjoy the view."


Despite a high demand for housing in the Oxfordshire ares, Bill's home looks onto a house that has been un-lived in for at least 10 years. "It seems such a waste on so many levels," he says.

John has been the neighbour to an empty home in York for a number of years. "It has become derelict, attracts criminals … has broken windows and has damaged my walls," he says.

These are just a handful of an estimated 300,000 homes in England alone that have remained empty for six months at the very least and among numerous of stories were reported to The Observer when asking readers to get in touch about disused properties in your neighbourhoods.


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The British property scandal: broke, young and homeless!!!!

“It was frightening and unbelievably lonely." “I couldn’t sleep at night. All I could think about was how to survive.” It was December, the season of goodwill and shivering in his sleeping on a park bench, student Leon Rossi felt helpless after being turned away from every hostel in King's Cross. He was only 26 years old and in good health, therefore putting him at the bottom of the priority list for getting a bed for the night. Seven years later, Leon who has recently featured in forthcoming Channel 4 documentary The Great British Property Scandal, now lives in a spacious, one-bedroom flat in Finsbury Park. It’s rented to him by Real Lettings, a social enterprise that takes on abandoned or empty properties and lets them out to vulnerable people who are ineligible for social housing. For your conveyancing solutions visit us! www.helpfulconveyancing.co.uk

Beyonce and Jay-Z look into buying Miami mansion formerly owned by Ricky Martin....

Beyonce and Jay-Z are searching for a new home in which to raise their baby, and they may have just stumbled upon the ideal place. The super-famous power couple went on the hunt for their new home in Miami Beach the other week and checked out a super-expensive mansion whose current owner happens to be Ricky Martin. For your conveyancing solutions visit us today! Www.helpfulconveyancing.co.uk

London's ULTIMATE LUXURY flats on sale for up to £136million!!! So exclusive, there are no residents!!

When the 86 flats at London’s One Hyde Park went on the market for up to £136million four years ago, they were billed as the ‘ultimate luxury’ for the super-rich, however at their retail price, who is actually living in these luxury apartments? The flats are situated opposite the famously upmarket department store Harvey Nichols, and could easily mislead people into thinking that they are the home of an anonymous multinational corporation with their imposing glass exterior. There are few clues on the outside that this is reputedly the world’s most exclusive apartment block. Planning to move home? Compare conveyancing with us today!! Www.helpfulconveyancing.co.uk

Rental crisis for families living in Oxford!!!

Due to recent surveys, experts fear that due to benefit cuts in Oxford a housing crisis may be on the horizon,  meaning that people will no longer be able to afford their rented homes.

Oxford City Council has admitted to struggling to handle the new caps on the Local Housing Allowance, which is provided to 12,670 people in order to help pay their rent to private landlords as they are either currently on benefits or have low incomes and need the extra support.

Local Housing Allowance rates have been based on the average rent up until April this year where the rates for new claimants have been based on the lowest 30% of local rents. 

As of the coming January, the new rates will begin to be applied to those already receiving housing benefits.


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House prices are withstanding the current state of the economy...

Nationwide has announced that UK house prices have continued to be "surprisingly resilient" in the past few months, with values rising yet again in November.

The figures have been based upon Nationwide's own mortgage data and have shown that the average home rose in value by 0.4% in November to £165,798, which demonstrates a 1.6% year on year increase.

The number of mortgages approved for house purchase, but not yet completed, has also increased marginly to its highest level for nearly two years.


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