Instead of buying new, more drivers are hanging on to their aging wheels By Mike Moffitt, SFGATE Published 5:20 pm CST, Friday, January 18, 2019 The automobile data analysis site iSeeCars.com found that the Bay Area led all U.S. metro areas in number of cars kept 15 years or longer by their original owners. Here are the top-10 models in the category in San Francisco-Oakland-San Jose. less The automobile data analysis site iSeeCars.com found that the Bay Area led all U.S. metro areas in number of cars kept 15 years or longer by their original owners. Here are the top-10 models in the category in ... more Photo: Mint Images RF/Getty Images Photo: Mint Images RF/Getty Images Image 1 of / 17 Caption Close Image 1 of 17 The automobile data analysis site iSeeCars.com found that the … [Read more...] about Bay Area drivers keep new cars the longest. Here are the vehicles we won’t let go of.
Best let to buy mortgages
PUBLISHED: 12:00 16 December 2018 Property is being bought by developers. Picture: PA PA Wire/PA Images Letters, contributions and comments sent in from Recorder readers this week. Lease of my home sold to developersMr A Still, York Road, Ilford, writes:I’m worried about the Labour council like Gwyneth Deakins.I live in an old house divided into four flats, quite modest ones. I bought mine, on leasehold, in 1950 after looking after my invalided parents from the age of seven (when the blitz started), until I was 50.I had to leave the tatty flat we were in when my mother finally died of vascular dementia. Don’t get me wrong, my folks were great, my dad was shot-up badly in World War I. It was an honour to care for them. When they were both gone, I was to told to leave the E11 flat.I put on life savings of £6,500 down as a deposit on this flat near my work at Harrison Gibson. I cleared a 25-year mortgage in 14 years by only buying essentials.Now the lease of this old … [Read more...] about Recorder letters: Developers buying, fur-free market, People’s Vote and Dementia care
PUBLISHED: 10:21 10 December 2018 | UPDATED: 11:50 10 December 2018 Caroline Culot Conisford Court, Norwich where 26 apartments went up for sale in May. Four, including the penthouse, remain for sale. Pic: www.savills.com A Norfolk group chief executive has criticised ‘ridiculous’ lending criteria after he was forced to pull out of buying a city centre penthouse because he could not get a mortgage. The penthouse balcony at Conisford Court, Norwich. Pic: www.savills.comThe businessman, who does not want to be named, but works locally as a group chief executive, wanted to buy the £600,000 penthouse apartment for sale at Conisford Court on Rose Lane in the centre of Norwich. He had instructed a solicitor and was in the process of buying the property when to his astonishment, following a survey, the lender declined the mortgage.Richard Aldous, head of new homes at Savills New Homes. Pic: www.edp24.co.ukThe reasons given were because the … [Read more...] about A Norfolk chief executive pulls out of buying a £600,000 penthouse after being told he couldn’t get a mortgage
HAVE you thought about planning ahead to help your son or daughter on to the property ladder, in a few years' time?Why am I thinking of this today? A colleague here has just returned from a holiday in Rome with two overwhelming impressions of Italian life. First, he says Italian drivers should never, ever have been let in on the invention of the motor car. Second, more than any other nation in Europe, the Italians are strongly into family and children.So let's talk about helping our children, and specifically, helping them to buy their first home.New findings by Legal & General show the importance we parents have in helping our children get on the dreaded property ladder, at a time when this is more difficult than ever before. Therefore we may want to start planning or saving now, even though our children might not be leaving the nest for some years yet.There's even a zippy word for parents who help out with a few bob, when the time comes. We are the most invisible financial … [Read more...] about Let’s do it for the kids
The overturning this week of an effort to limit car-dealer "markups" on vehicle loans is a reminder for spring car shoppers of something they should already know: Keeping a hard eye on loan costs is as important to a good car deal as a hard line in negotiating the car's price. Related: What's the Best New-Car Deal for May 2018? Congress this week passed a bill, expected to be signed into law, that strikes down the federal Consumer Financial Protection Bureau's effort to do away with car dealers' practice of "marking up" — adding profitable extra interest to — car loans they arrange for buyers through third-party lenders. CFPB guidance for lenders discouraged the practice, citing studies indicating it often led to minority buyers paying higher rates than others with similar credit. Car dealers opposed that guidance, saying it cramped their flexibility in arranging loans for buyers with lenders, who are monitored by the CFPB. But no one is immune from paying more … [Read more...] about Don’t Let Consumer Protection Repeal Pump Up Your Car Loan Cost