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Wednesday, August 27
Mortgage lending figures give some hope
by
Jet-to-Let Magazine
on Wed 27 Aug 2008 16:29 BST
The number of new mortgages agreed by leading banks edged higher last month, raising hopes that the worst of the drought in the home-loans market may have passed. A total of 22,448 loans for house purchase, rather than remortgaging, were approved by banks during July. Although this was still a ... more » Friday, August 15
Tenants sitting pretty as rents fall
by
Jet-to-Let Magazine
on Fri 15 Aug 2008 15:44 BST
Rents will fall by up to 10% this year, according to some of Britain's biggest letting agents, as a wave of properties that owners and developers can't sell have started to flood the rental market. The fall in rents will bring welcome relief to tenants but will squeeze buy-to-let landlords ... more » Friday, August 8
Repossessions rise by 41%
by
Jet-to-Let Magazine
on Fri 08 Aug 2008 14:56 BST
The number of homeowners having their properties repossessed jumped by 41% in the first half of this year to its highest level in 12 years, figures showed today. The Council of Mortgage Lenders (CML) said 18,900 properties had been taken into possession by lenders over the six months to June, ... more » Wednesday, August 6
Fast not slow at Northern Rock
by
Jet-to-Let Magazine
on Wed 06 Aug 2008 14:51 BST
February 2008 was a bad month to buy a bank, even if the purchase price was zero and you had £27bn of loans to protect. Given the slump in the housing market, the government's "investment" in Northern Rock, the mortgage lender it had to nationalise after a depositor run last ... more » |
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