Mortgage Repossessions Remain Lower than Expected

Latest figures from the Council of Mortgage Lenders shows the number of mortgages in arrears and the number of repossessions both fell in the first quarter of 2010. The number of repossessions was 9,800, down from 10,600 in the previous quarter and 13,200 in the first quarter of 2009, while loans in arrears fell from 206,800 at the end of the first quarter of 2009 and 196,400 at the end of last year to 186,300 at the end of the first quarter of this year.

However, we all know the major reason for the lack of repossessions during this recession is due to artificially low interest rates and mortgage support from the government.

Read on to find out more about the property market and mortgage repossessions for 2010.

Mortgage Deposit for a House Purchase

Saving for a mortgage deposit for a house purchase might seem like too much hard work, or indeed an impossible task. But you may well be able to do it, depending on how much you earn, how much you spend and how much you can save if you really put your mind to it.

Doing a budget is a pretty easy task. You’ll need your bank statements, your credit card statements and little book that you can write down everything you spend your money on.

Here are my top five tips on saving money for a house deposit ....

How useful is a Sold Property Price?

Did you know that you can now find out what price a property has sold for in the street you are buying or selling in? There are lots of websites that will let you have access to sold property price information absolutely free of charge!

Read on to find out if sold property prices can help if you are selling or buying?

How to Sell a Property in a Slow Market

Selling a property isn’t an easy task at any time, whether a good or bad market. It is a lot of work for you to prepare the property, keep it tidy for potential visitors and then there is all the nervous energy of waiting for the agent to call, and then the waiting to see if buyers will view again or make an offer.

Read more to find out the best way to sell your home in a slow market.

First Time Buyers Advice in the UK

Many first time buyers don’t know what advice is available to them in the UK, nor do they know what advice to trust from which property companies! That’s why Kate Faulkner, Managing Director of Designs on Property Ltd launched www.designsonproperty.co.uk to help first time buyers find out what advice you need and more importantly what questions you need to ask, who to trust and where to get help and advice on anything from who to talk to about mortgages to where to look for properties, and how and when to make an offer and what to do if things start to go pear shaped.

Follow Kate’s mini UK first time buyers advice to help you on your first steps to securing your new home!

Is the Post Office going to offer one of the Best First Time Buyers' Mortgages?

Could the Post Office be about to offer one of the best first time buyer mortgages on the market?

Business Secretary Lord Mandelson announced in March following the Labour budget a major expansion of the financial services offered by the Post Office, which considering over 99 per cent of the UK population lives within three miles of a Post Office branch could mean access to 90% loan-to-value ratio aimed at first-time buyers. The Post Office will also increase its lending substantially, aiming to double the value of its mortgage book in the financial year 2010/11.

For more details on the proposals, read on ......

Kate Faulkner featured on BBC Radio Nottingham with Frances Finn

Kate Faulkner feaatured on BBC Radio Nottingham with Frances Finn. Latest property market update for Nottingham by property expert Kate Faulkner revealed property prices and sales volumes not really improving versus 2009.

The figures show that the East Midlands and Nottinghamshire are behind the national trends, but mainly due to the great performance of London as opposed to the region not performing.

Find out what's happening the Nottingham property market.