The benefits of consolidating your credit card debt are many, with one of the most important being the peace of mind you'll have when you need to make just one payment a month, all while getting in control of your credit card debt. If you have good credit, you can also benefit by being able to negotiate a lower interest rate. After all, the 0% rate is usually introductory, but depending on how much money you bring onto the card, the credit card company may respond by offering you a lower interest rate. No matter what, getting in control of your debt and your spending, although hard to do at first, will eventually offer you a great sense of accomplishment.
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1/ The average outstanding mortgage in the UK is £103707.
2/ In the second quarter of 2008 39,078 mortgage possession claims were made.
3/An Equifax surveyed showed that 20% of homeowners were worried about their homes being repossessed.
4/ The average mortgage loan size taken out in August 2008 was £117,000 and was an advance of 75%.
5/ 34% of mortgages taken out in June 2008 were interest only mortgages and of these 24% had no plan attached to re-pay the mortgage capital.
6/ In the 1st half of 2008 there were 11,741,000 mortgages on UK properties and 1.33% of these mortgages were in arrears.
7/ In August 2008 these were the average mortgage rates.
FIXED 6.12% (58%)
DISCOUNTED 6.01% (7%)
TRACKER 5.95% (31%)
SVR's 6.06% (3%)
8/ Savills expect UK properties to drop 16% this year and another 11% during 2009 with prime property in central london seeing sharpest falls.
9/ Declines in house prices in London are forecast to be 30% from peak to trough but could be substantially higher if city job losses exceed projections.
10/ Estate Agents in England and Wales sold an average of only 10.9 properties per firm in the 12 weeks to the beginning of november according to the Royal Institution of Chartered Surveyors.
Bonus Fact
Savills are forecasting rental values on london properties to drop 7% due to falling demand from city workers.
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10 MORTGAGE AND UK PROPERTY FACTS AND FIGURES
1/ The average outstanding mortgage in the UK is £103707.
2/ In the second quarter of 2008 39,078 mortgage possession claims were made.
3/An Equifax surveyed showed that 20% of homeowners were worried about their homes being repossessed.
4/ The average mortgage loan size taken out in August 2008 was £117,000 and was an advance of 75%.
5/ 34% of mortgages taken out in June 2008 were interest only mortgages and of these 24% had no plan attached to re-pay the mortgage capital.
6/ In the 1st half of 2008 there were 11,741,000 mortgages on UK properties and 1.33% of these mortgages were in arrears.
7/ In August 2008 these were the average mortgage rates.
FIXED 6.12% (58%)
DISCOUNTED 6.01% (7%)
TRACKER 5.95% (31%)
SVR's 6.06% (3%)
8/ Savills expect UK properties to drop 16% this year and another 11% during 2009 with prime property in central london seeing sharpest falls.
9/ Declines in house prices in London are forecast to be 30% from peak to trough but could be substantially higher if city job losses exceed projections.
10/ Estate Agents in England and Wales sold an average of only 10.9 properties per firm in the 12 weeks to the beginning of november according to the Royal Institution of Chartered Surveyors.
Bonus Fact
Savills are forecasting rental values on london properties to drop 7% due to falling demand from city workers.
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