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Repossession fears grow

Nearly 60,000 homes in the UK are at risk of repossession, government figures reveal. Data from the Housing statistics 2007 report, published last week by the Department for Communities and Local Government, show that almost 60,000 families with monthly disposable incomes below £1,000 are shelling out a staggering £750 a month on mortgage repayments. Julia Goldsworthy, shadow DCLG secretary for the Liberal Democrats, says: “There are 60,000 families who are teetering on the edge of losing their homes and are weighed down by debt. As living costs rise and the liquidity crisis starts to bite, families are being forced to cut back on essentials so they can keep a roof over their heads.”


Cutting fees would be short-sighted

It would be unwise for lenders to cut brokers’ proc fees because they would find alternative ways of drumming up business considerably more expensive, says Mark Harris

Buildloan launches 85% LTV lifetime tracker with TMB

BuildLoan is now marketing a lifetime tracker product from The Mortgage Business.BuildLoan, the intermediary arm of self-build and renovation specialist BuildStore, says the tracker is offered at bank rate plus 2.44% for the length of the term.It is available for up to 85% LTV to self-builders, renovators, convertors and home improvers.

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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