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<h1><a href="/index.php"><span class="logo_colour"></span></a><a href="/index.php">Housing Info</a><strong>Tyne Side</strong></h1>
<h2>All information you need about Housing and properties.</h2>
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<h3>Information about property on <strong>Tyne Side</strong>? </h3>
<h4>Welcome - have a look round and fell free to contact us with any property questions.</h4>
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<p><strong>Bridging Newcastle Gateshead (BNG)</strong> closed down on Tuesday 11 April, 2011 having worked for eight years breathing new life into Newcastle and Gateshead's housing market.<br />
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<p>The Housing Market Renewal fund has finished seven years earlier than was planned, as a result of the Government Spending Review in October 2010 as part of the Coalition’s programme. Without funding , BNG was no longer able to operate.</p>
<p><a href="http://fcahome.org.uk/improve-property-value.php">Find out how to improve your property value</a>.</p>
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<h3>Housing Resources </h3>
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<li><a href="http://www.northtyneside.gov.uk/online-forms.shtml?p_QID=861&p_subjectCategory=1109">Property portfolio - North Tyneside Council</a></li>
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<h1><strong>Mortgage Terms</strong></h1>
<p> Accident, Sickness and Unemployment Insurance (ASU): <br />
In the event of an accident, sickness or involuntary unemployment befalling a borrower, this insurance covers mortgage repayments. <br />
Annual Percentage Rate (APR): <br />
The APR is a rate calculated using a generic formula applicable to all Lenders, which includes all the costs associated with a mortgage. <br />
Base Rate: <br />
Every month the Monetary Policy Committee sets the Bank of England Base Rate, to which all mortgage rates are linked either directly, as Tracker mortgages, or indirectly, in all other cases.</p>
<p><img src="images/property.jpg" width="284" height="177" align="left" />Buildings and Contents Insurance:<br />
This is insurance that covers damage to the mortgaged property or its contents in a variety of specified ways. It is mandatory for all Lenders, and if the Lender's own insurance is not taken they frequently charge an administration fees. </p>
<p>Completion: <br />
This is when a transfer of property has legally taken place, after all legal documentation has been completed and signed, and funds have been transferred from the buyer's solicitor to the seller's solicitor.<br />
Endowment: <br />
A repayment method that works with Interest only mortgages.</p>
<p>Fixed rate mortgage:<br />
This is a mortgage that is charged at a fixed rate within a set period<br />
Flexible mortgage: <br />
This is a type of mortgage offers more flexibility than traditional mortgages in terms of amounts paid, and periods of time that repayment are made.</p>
<p>Gazumping: <br />
When a prospective purchaser has an offer for a property accepted, but accepts another potential buyer who puts in a higher offer for the same property.</p>
<p>Mortgage Payment Protection Insurance (MPPI):<br />
See Accident, Sickness and Unemployment Insurance (ASU) .<br />
<br />
Stamp Duty: <br />
This is a government tax charged on properties with a purchase price in excess of £125,000. <br />
Standard Variable Rate (SVR): <br />
This is a variable rate determined entirely at the lender's discretion. Unless linked to Libor or the Bank of England Base Rate , the standard variable rate is the reverting rate at the end of any special offer period.<br />
Term Assurance or Life Policy: This covers any outstanding mortgage debt in the event of the insured person's death. <br />
Tracker mortgage: This is a variable mortgage that is fixed either slightly above or below the Bank of England's Base Lending Rate.</p>
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<li>Trouble began at Birch Grove, South Tyneside with row over Christmas tree</li>
<li>Elderly residents intimidated by rowdy behaviour of two tenants</li>
<li>Managers called in 24-hour security guard at first to calm atmosphere</li>
<li>Now the guard's gone but residents are still said to be fearful </li>
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Read more: <a href="http://www.dailymail.co.uk/news/article-2269476/Alcohol-banned-sheltered-housing-block-Jarrow-South-Tyneside-rowdy-behaviour-elderly-residents.html#ixzz2KxMrB074">http://www.dailymail.co.uk/news/article-2269476/Alcohol-banned-sheltered-housing-block-Jarrow-South-Tyneside-rowdy-behaviour-elderly-residents.html#ixzz2KxMrB074</a><br />
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<h3>Thinking of moving house?</h3>
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<p>Prepare your house for sale, call Maid2Clean on 0800 0565922 for <a href="http://www.maid2clean.co.uk" target="_blank">a Nationwide service</a> that can supply a better cleaner for your home or business. They have offices all over the country and the call is free of charge.</p>
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