Housing & mortgage round up: Cheaper fixed rate mortgages? Stable house prices

Housing & mortgage round upThis week we bring you news of the Bank of England’s latest interest rate decision and also look at whether fixed rate mortgages are about to get cheaper. On the house price front we have the latest Halifax house price survey. Bank of England keep interest rates on hold In a move that will be welcomed by mortgage borrowers the Bank of England decided to keep interest rates on hold at 0.5%....

Housing & mortgage round up: House prices fall, or do they? Two surveys, two different answers

Housing & mortgage round upTwo house prices surveys and two different results, one saying prices are falling and the other that they are rising. Read on to find out more about this and also why many tenants are getting into arrears with their rent. Land Registry: House prices fell in April Figures released by the Land Registry show that house prices fell by 0.3% in April and by 1% over the past 12 months. According to the Land Registry house prices have ...

Rising bankruptcy charges may put people off getting advice

People with financial worries may be put off seeking advice by an increase in the cost of petitioning for bankruptcy. The cost of petitioning for bankruptcy has risen to £525 and with court fees the total cost is £700. This is not the first time the charges for petitioning for bankruptcy have risen in recent times, since March last year the cost has risen by 37%. The Insolvency Service blamed the increase of £75 on rising administration costs. Experts believe that the increase in these charges will have a negative effect on people who are already faced with having to make tough decisions. Insolvency ...