Homeowner Defaults Surge as Rate Hikes Hit UK Housing
Hundreds of British homeowners have lost their properties to bank repossessions this year as rising interest rates squeeze debt payments, new figures show, Invest-Gate reports.
Hundreds of British homeowners have lost their properties to bank repossessions this year as rising interest rates squeeze debt payments, new figures show, Invest-Gate reports.
Property prices in the United Kingdom dropped 0.3% from June and 2.4% from a year earlier, mortgage lender Halifax said.
The two-year average fixed mortgage rates in the UK reached 6.01% on Monday, which pushed the cost of borrowing in the kingdom to its highest level since December 2022, Invest-Gate reports.
The group reiterates that it focuses on providing its customers with more untraditional services, including mortgage finance that complies with Islamic Sharia's provisions and principles.
FRA’s Chairman, Mohamed Farid, reiterates that the authority works continuously to provide solutions and suitable alternatives to elevate the efficiency and competitiveness of the non-banking financial markets, in ...
She adds that officials from South Africa, Kenya, Nigeria, the World Bank, the International Finance Corporation (IFC), the UN Habitat program, and Habitat for Humanity International, as well as a huge number of E ...
AGEC Developments announces the launch of IVY Residence project in El Shorouk City, with a total investment of EGP 800mn, Invest-Gate reports.
Contact and Sakneen partner in one of a kind business platform in the fields of real-estate and mortgage, enabling clients to choose properties and finance them
City Edge Developments signs a cooperation protocol with Credit Agricole Bank, aiming at financing real estate units for medium housing through long-term loans with low interest rate, to ease financial burdens, an ...
The New Cairo and New Capital Developers Association has signed cooperation protocols with mortgage companies to ease financing conditions for customers. The protocols provide various financing services to custome ...