Property investors worry about new mortgage rules - 2004-01-08
Small property investors in Shanghai are liquidating their investments over concerns the People's Bank of China will release new rules preventing home owners from transferring mortgages, according to local real estate agents.

The rumored policy would be another blow to the city's red-hot property market. Earlier, the city government said it is working on plans to restrict the sale of uncompleted apartments.
Read the full story at Xinhua, China

Mortgage Inertia Costs Homebuyers £2.2 Billion A Year - 2004-01-08
Britons are collectively frittering away £2.2 billion a year by failing to switch their mortgages to a more competitive rate, a consumer group announced today.

Which? estimates that someone with an average mortgage of £58,000 could save up to £475 a year by ditching their current home loan for a better value one.
Read the full story at The Scotsman