Government tells Banks to Stop Repossessing Homes. (They Wish…) Banks have been told to cut repossessions by Yvette Cooper the Housing Minister. If you are at the sharp of end of your lender’s sharp practices you may well greet that news with a pinch of salt. The Government of course has to be seen to [...]
Tag Archives: 3% interest rate
UK Government to Stop Repossessions!
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Will the 3% interest rate help you avoid repossession? Probably not.
Bank of England Reduces Interest Rates to 3% – Stop Repossession? Last Thursday the Bank of England surprised everyone by making a huge cut in the interest rate. From 4.5% to 3%. Does this mean that the danger of being repossessed is less than before? Not at all – here’s why: Once upon a time [...]
Posted in cash property buyers, companies that buy houses, mortgage express, n244, northern rock, possession order, Repossession, Sack Your Estate Agent, Sell and rent back Also tagged 100% of market value, bailiffs warrant, cash property buyers, debt management, form N244, low equity, Negative Equity, no equity, possession order, remortgage, rent back, reposession, repossesion, repossession order, repossion, Sack Your Estate Agent, sell rent back, stop eviction, suspended possession order Comments closed
