Property Investment News and Analysis from Dominic Farrell
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Main Page  »  Property Investment Finance
« Previous 30 days  |  Next 30 days »
Sunday, June 8
View Article  Banks are only as safe as houses
by Jet-to-Let Magazine on Sun 08 Jun 2008 16:49 BST

As mortgage lenders struggle to shore up their balance sheets, a new crisis may be on the way from the buy-to-let market

House prices are already falling by more than 25 per cent a year. That is the figure the experts at M&G have come up with by extrapolating the ...   more »

Permanent Link  |  Cosmos
Thursday, June 5
View Article  Abbey increases mortgage rates and Egg quits mortgage business
by Jet-to-Let Magazine on Thu 05 Jun 2008 14:44 BST

Abbey, Britain’s third-largest lender, increased its mortgage rates last night as Citigroup, the world’s biggest bank, stopped offering home loans to British borrowers.

With the credit crunch continuing to bring misery to homeowners across the country, Citigroup announced that Egg, its internet bank, had halted mortgage business.

The ...   more »

Permanent Link  |  Cosmos
Wednesday, June 4
View Article  Bank of England unlikely to cut interest rate, despite pleas
by Jet-to-Let Magazine on Wed 04 Jun 2008 17:43 BST

Homeowners face further worry today as the Bank of England is set to resist calls for a cut in interest rates, despite a fall in house prices and mounting evidence of a sharp slowdown in the economy.

The Bank is expected to decide that rising inflation means that it must ...   more »

Permanent Link  |  Cosmos
Tuesday, June 3
View Article  Mortgages: Nationwide raises rates
by Jet-to-Let Magazine on Tue 03 Jun 2008 16:39 BST

Nationwide building society announced today it was increasing the cost of its fixed-rate mortgages by up to 0.3%.

The changes, which come into force tomorrow, wipe out some of the rate reductions made by the lender last month.

The group is increasing the rate of its best two-year fixed-rate mortgage ...   more »

Permanent Link  |  Cosmos