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The mortgage arena has seen some mixed news this week, with the Post Office launching a range of deals for first-time buyers to help them get onto the property market and Lloyds clamping down on interest-only mortgages in a bid to reduce the lender's exposure to risky loans.
At the other end of the scale, there’s reportedly been a spring bounce for the housing market with the National Association of Estate Agents (NAEA), reporting the biggest jump in sellers since August last year.
And finally, nearly two-thirds of a million garages have been lost in recent years, after home owners converted these spaces into other rooms in line with the ‘improve don’t move’ mindset. But, if you’re going to move – why not choose a beautifully restored barge that took part in the Dunkirk evacuation? One is on the market for the bargain price of £329,950.
The Post Office today increased its assault on the mortgage market with the launch of a range of deals for first-time buyers.
The Telegraph, 12/05/10
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Lloyds will no longer offer an interest-only option on mortgages of more than £500,000, and will charge more for such loans.
The Guardian, 13/05/10
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The housing market has benefited from its traditional spring revival.
The Telegraph, 12/05/10
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More than five million home owners will be unable to afford a rise in interest rates and will be in danger of being evicted from their homes, charities have warned.
The Telegraph, 13/05/10
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Lenders and homeless charities urge new government to keep measures that help homeowners who fall behind with payments.
The Guardian, 13/05/10
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Nearly two-third of a million garages have been lost in recent years, after home owners converted these spaces into other rooms.
The Telegraph, 13/05/10
Click here for more details
Houseboats: A beautifully restored barge that took part in the Dunkirk evacuation is up for sale.
The Telegraph, 12/05/10
Click here for more detail
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