Property Investment News and Analysis from Jet-to-Let Magazine

AS HOUSE prices in America continue their rapid descent, market-watchers are having to cast back ever further for gloomy comparisons. The latest S&P/Case-Shiller national house-price index, published this week, showed a slump of 14.1% in the year to the first quarter, the worst since the index began 20 years ago. ... more »

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Monday, May 26

Number of homes on market surges but buyers stay away

by Jet-to-Let Magazine on Mon 26 May 2008 20:38 BST

Pressure on house prices in England and Wales intensified this month as a "buyers' strike" took a firmer grip and the volume of houses for sale continued to rise, a market survey shows.

Prices fell for the eighth month in a row, falling 0.5 per cent during the month after ... more »

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Thursday, May 15

Bank of England dashes hopes of interest rate cuts amid inflation threat

by Jet-to-Let Magazine on Thu 15 May 2008 09:42 BST

Hopes of early relief for homeowners in the form of lower interest rates were dashed by the Bank of England today as it forecast inflation could reach 4pc in the months to come.

Governor Mervyn King effectively signalled an extended period of stagflation, as the high interest rates needed to ... more »

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Thursday, May 8

Buy-to-let: professional investors cash in on the credit crunch

by Jet-to-Let Magazine on Thu 08 May 2008 16:40 BST

The amateur buy-to-let investor has had his day. Deterred by falling property prices and hampered by a lack of mortgage credit as banks tighten their lending criteria, small players who want to buy one or two homes to supplement their income or bolster their pension are fast disappearing.

At the ... more »

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Wednesday, May 7

Cash injection has not cut cost of borrowing

by Jet-to-Let Magazine on Wed 07 May 2008 15:37 BST

The Bank of England's £50 billion cash injection into the mortgage market has so far not made any difference to the cost of borrowing, the head of the UK's biggest building society said yesterday.

Graham Beale, chief executive of Nationwide, told The Times that a response to the facility "has ... more »

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Thursday, May 1

Abbey trims some mortgage rates

by Jet-to-Let Magazine on Thu 01 May 2008 11:11 BST

Abbey, owned by Spain's Santander is trimming some fixed and flexible mortgage rates as it tries to lure new customers in the face of a credit crisis and deteriorating outlook that have seen rivals retreat.

Abbey said on Thursday it would cut its two-year fixed-rate mortgage deals by 0.11 percentage ... more »

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