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Repossessions are at the highest rate in the North West

Repossessions are at the highest rate in the North West

According to the latest survey carried out by e.surv, four out of the UK’s top five repossession hotspots are located in the North West of England. This includes Blackpool, Chester, Oldham and Wigan.

The Ministry of Justice figures and their own data were analysed by E.surv for court ordered repossessions from the 30th June 2012 to 30th June 2013 and found that there were 3.2 repossessions per 1,000 properties in the North of England compared to 2.4 per 1,000 households in the south. A spokesman from E.surv stated that this was the largest gap recorded since the beginning of the financial […] Read more

Is the Help to Buy Scheme a con?

Is the Help to Buy Scheme a con?

Since the Help to Buy Scheme was revealed, it has given a sense of hope to the many people struggling to purchase a home of their own therefore, forced to rent long term or live with their parents. The whole idea of the Help to Buy Scheme is to make loans available to first time buyers on newly built properties worth up to £600,000.

However, since the mortgage rates were released by two banks recently, it seems that the hope which was once had may have been false. Waterfords Estate Agents claim that the rates that are being offered to the […] Read more