Under the programme, private money was used to fund building schemes which NHS trusts then paid back over time - similar to a mortgage on a house.
Most people need a mortgage to buy a house and most people need a job to get a mortgage, ergo, give people jobs and people will buy houses!
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Once they have repaid that, today's twentysomethings will have to save up a far larger deposit for their first mortgage to buy a house that costs many times their income.
He formed Light Bioscience in March 2000, subsidizing his research and patent filings with a second mortgage on his house and a loan against his life insurance policy.
The General Lifestyle Survey found in that time the proportion owning a house with a mortgage fell from 40% to 35%.
The entire firm came around to believing the great mortgage bubble was a house of cards ready to collapse, based on delinquencies, no-doc loans, fraud, and more.
We could buy a small terraced house in a rough area of the nearest town with our mortgage capacity but we choose to wait until a house that meets our specific needs becomes available.
If you are thinking of buying a house or refinancing a mortgage, there are many factors to consider.
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Whether you have a house and a good mortgage, you still worry that something else is going to happen.
We will suffer with a small house, a hefty mortgage and a grinding commute if we think by these sacrifices we can retire by age 55, thanks to our rapidly appreciating house and retirement portfolio.
Especially since mortgage application to buy a house have sunk back to a 15 year low.
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We have a house, we have a mortgage and are soon-to-be parents, so it's going to affect us dramatically.
"If you liken it to a household account, that's not a bad mortgage to house value ratio, " Mr Kershaw added.
Private rents in 2006 were two-thirds the cost of a 100% mortgage on a two- or three-bedroom house, for a young household on average incomes.
So the package is more like taking out a mortgage to rebuild your house than running up your credit-card bill.
According to the Halifax, a big mortgage lender, house prices rose by 13.6% in the year to December, the fastest increase since the late 1980s boom.
When you buy a house, your mortgage is likely to be denominated in dollars.
Also, if the house has a mortgage on it, the buyer should be able to assume the mortgage at the sharply reduced interest rate.
In just a few chapters, he outlines the forces that brought the world to the brink of a bust: a house-price bubble boosted by runaway mortgage lending in the rich world, particularly America, a lightly regulated global financial system that found ever-more creative ways to speculate on rising house prices, and macroeconomic policymaking that was far too laid back about the dangers posed by asset-price bubbles.
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Lenders and rating agencies are heartened by their models, which show that it would take a combination of higher interest rates and falling house prices to make a worrying number of mortgage loans go bad.
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The increased demand for housing arising from lower mortgage rates would provide a floor on further house price declines.
Use a first paycheck to explain taxes and apartment or house-hunting to explain the concept of a mortgage.
When I first began saving for a house, I envisioned a piggy bank, in which each monthly mortgage payment was an investment into building long term wealth and financial security.
Rising mortgage rates make it more difficult to afford a house, and thus may delay home prices from finding a floor.
This could be a very major burden for a graduate who's trying to get a mortgage in this era of rapidly rising house prices.
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"If you talk to the plaintiff's attorneys, they would say, 'Well look, some of the people are complaining, but actually they've been able to continue living in the house, without paying a mortgage, for a year, '" Starnes told CNN.
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The eviction route would make sense only if there were new buyers willing to pay more than the mortgage balance for the house. (A lot more--evictions are expensive affairs.) For the kinds of mortgages Persky is looking at, such buyers are not to be found.
The eviction route would make sense only if there were new buyers willing to pay more than the mortgage balance for the house. (A lot more evictions are expensive affairs.) For the kinds of mortgages Persky is looking at, such buyers are not to be found.
As the banks who sold on these mortgages were not putting up their own money as collateral, they no longer used their own in-house bank managers to assess the income of their borrowers and check the real value of the house they were giving a mortgage on.
Roughly a year into the subprime mortgage crisis and months after credit markets took a turn for the terrible, the House Financial Services Committee approved a bill late Tuesday increasing government oversight of lenders.
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