Archive for October, 2007



BMV Bad Press

Monday 15 October 2007 @ 12:31 pm

Property Renovations Ely Ltd

Recently there have been a number of articles in the press and on TV recently regarding the Below Market Value property industry and its not all been good news!

Most BMVers are extremely moralistic and honest when dealing with vendors, there are many posotive examples of people being helped out of some precarious situations:

Save someone from having their home repossessed.

Help someone who was stuck in a chain, or who had lost their buyer?

Helped someone to secure their dream home by buying their old house quickly.

etc……




Credit crunch hits mortgages!

Monday 1 October 2007 @ 1:08 am

Property Renovations Ely Ltd

The number of mortgage products available to British borrowers has fallen by 40 per cent over the past three months, as lenders have tightened their criteria and withdrawn large numbers of riskier home-loan deals due to the global credit crisis.

Sub-prime mortgages, advances made to those with poor credit ratings, have been the most commonly withdrawn products, Moneyfacts, the personal finance analyst said. It revealed 54 per cent of regular sub-prime home loans have been pulled since July, with 72 per cent of sub-prime buy-to let loans not available.