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Societies holding back the market

Language: English Series: Guardian ; 24/8/91 p15Publication details: 1991Subject(s): Summary: House prices in some areas are allegedly being artificially depressed by the building societies ` practice of blocking sales by homeowners in financial difficulties, in order to claim the mortgage indemnity insurance , and subsequently selling off the repossessed houses at considerably below the market value.
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Item type Current library Call number Copy number Status Barcode
News article London News article T0019846 (Browse shelf(Opens below)) 1 Available 50919-1001

House prices in some areas are allegedly being artificially depressed by the building societies ` practice of blocking sales by homeowners in financial difficulties, in order to claim the mortgage indemnity insurance , and subsequently selling off the repossessed houses at considerably below the market value.