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Tuesday, November 28
OECD forecasts mild world economic slowdown
by
Jet-to-Let Magazine
on Tue 28 Nov 2006 10:52 GMT
The US housing downturn will provoke a "mild" but short-lived world economic slowdown next year, the Paris-based Organisation for Economic and Co-Operation said on Tuesday, as it downgraded its growth forecast for the world's wealthiest nations. In its twice-yearly Economic Outlook, the organisation charged with improving the economic prospects of ... more » Tuesday, November 14
Sharp rise in UK buy to let repossessions
by
Jet-to-Let Magazine
on Tue 14 Nov 2006 09:17 GMT
Growing numbers of buy-to-let properties are being repossessed and offloaded by lenders at auction in a sign that investors are struggling to meet mortgage repayments as interest rates rise. Auctioneers say that properties previously owned by buy-to-let investors now make up around half of all repossessions sold at auction, even ... more » Friday, November 10
UK interest rates hit 5%
by
Jet-to-Let Magazine
on Fri 10 Nov 2006 08:42 GMT
Interest rates hit 5 per cent and the highest level in five years after the Bank of England on Thursday raised the cost of borrowing in an attempt to curtail inflation. The move means an extra monthly payment of £21.71 for those homeowners with a repayment mortgage of £150,000, according ... more » |
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