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Better news on repossessions

The number of repossessions in 2008 hit 40,000, up 54% on 2007, but 5,000 less than the Council of Mortgage Lenders originally predicted.

Michael Coogan, director-general of the CML, says the slight decrease represents the government’s efforts to try to allow owners to stay in their homes.

He says: “Lenders and the government are continuing to find more ways to help more people stay in their homes.”

Peter Bolton King, chief executive of the National Association of Estate Agents, says: “The scenario we face in relation to repossessions is no worse than during the recession of the early 1990s, when there was even less protection for consumers.”


Crisis has made us better advisers

I was watching television recently and saw a Kwik-Fit advert with the catchphrase – ‘What else can you do?’. This got me thinking about how much more we offer our clients these days and how the credit crunch has made us better advisers.

Divorcing couples need sound advice

The recession is affecting people in ways we wouldn’t ordinarily think of. With falling house prices, matrimonial solicitors say that an increasing number of couples are finding it uneconomical to divorce or separate. A rising number of home-owning couples are in negative equity or unable to achieve the equity from a property sale sufficient for […]

Frexit & contagion risk in Europe

Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune’s Rob Burnett discusses the likelihood of this happening. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]


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