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Fixeed Or Variable Loans Coming Unstuck In Uk And Usa

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This article in the business news source outlines the common link between mis-selling in the US and the UK and how it will affect borrowers inn general and potentially the housing market over the next few months. Grim prospects for both I'm afraid. If you bought into fixed interest loans or are looking at getting in then this is for you.

US and UK housing market in a fix

This week’s cover of Business Week asks the question ‘How toxic is your mortgage’. The article centres on the recent usage and promotion of ARMs to buyers in the USA as a way to cheap deals. Unfortunately many customers are now finding that what was originally a promise to help them get a foot hold on the property market has become a liability, threatening to lose them their homes and leave them in debt.

Much of this ‘mis-selling’ is also mirrored in the UK though there seems to be less worry from both consumer watchdogs and government about the practices....

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  • 331 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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