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Wednesday, October 31
House prices show surprise rise
by
Jet-to-Let Magazine
on Wed 31 Oct 2007 12:26 GMT
Sterling blasts through $2.07 against dollar
by
Jet-to-Let Magazine
on Wed 31 Oct 2007 12:23 GMT
Sterling surged to a fresh 26-year high above $2.07 against the dollar and advanced across the board on Wednesday after a survey showed UK house prices rose at their highest pace this year in October. The pound rose 0.3 per cent to $2.0743 against the dollar, its strogest level ... more » Friday, October 26
Financial system still at risk, say Bank of England
by
Jet-to-Let Magazine
on Fri 26 Oct 2007 10:08 BST
The In its twice-yearly Financial Stability Report, the central bank says that further shocks may be unavoidable as the Wednesday, October 24
London named most attractive property market
by
Jet-to-Let Magazine
on Wed 24 Oct 2007 17:25 BST
The
Consumers reduce borrowings due to credit crunch, says report
by
Jet-to-Let Magazine
on Wed 24 Oct 2007 17:22 BST
A report has claimed 2007 will see consumers take on less unsecured debt as the consequences of the summer’s credit crunch take their toll. Datamonitor, the independent market analyst, predict the Tuesday, October 23
UK economic growth to slow says forecast
by
Jet-to-Let Magazine
on Tue 23 Oct 2007 08:52 BST
An influential forecast group has predicted that Ernst and Young’s ITEM Club has substantially revised its 2008 GDP forecast to 2.1% from 2.5% in July thanks to the marked tightening of monetary and ... more » Friday, October 19
Public display confidence in house price growth
by
Jet-to-Let Magazine
on Fri 19 Oct 2007 14:21 BST
Consumers have expressed confidence that the housing market will continue its price boom despite strong evidence to the contrary, research by the Association of Investment Companies (AIC) has revealed. In the AIC’s survey, almost two-thirds (62%) of the general public (1,004 people) stated a belief that the housing market ... more » Thursday, October 18
CML announces sharp fall in mortgage lending
by
Jet-to-Let Magazine
on Thu 18 Oct 2007 11:47 BST
September saw a sharp decline in mortgage lending in the Gross mortgage lending fell by 12% in September compared to August, to a total of £30bn. Although this figure is a 2.5% increase on the ... more » Tuesday, October 16
Tories to vote against CGT change
by
Jet-to-Let Magazine
on Tue 16 Oct 2007 14:53 BST
Conservative MPs will vote against part of the upcoming finance bill if it includes controversial changes to the capital gains tax (CGT), detailed in last week's pre-budget report, the shadow chancellor George Osborne said yesterday. As a growing number of lobby groups and business people voiced their dismay at the ... more » Thursday, October 11
Banks hold rates as UK house prices slow
by
Jet-to-Let Magazine
on Thu 11 Oct 2007 14:45 BST
The British and European central banks keep their interest rates unchanged in the face of more volatility in the financial marketsDearbail The Bank of England’s Monetary Policy Committee's (MPC) voted today to keep the interest rates unchanged at 5.75 per cent, as the six-year high in borrowing costs ... more » Friday, October 5
BoE leaves interest rates at 5.75pc
by
Jet-to-Let Magazine
on Fri 05 Oct 2007 09:38 BST
The Bank of England has resisted increasing pressure to cut interest rates as policy makers take more time to assess the impact of the credit crunch on the broader economy. The decision by the Bank's Monetary Policy Committee to leave the cost of borrowing at 5.75pc was predicted by all but one of the 60 economists surveyed by financial news agency Bloomberg. Governor Mervyn King has come under heavy fire for his handling of last month's Northern Rock crisis, which has dented consumer confidence and called into doubt the Bank's earlier projection that rates would need to rise to 6pc. While the members of the MPC are taking more time to examine the impact of the financial turmoil on the rest of the economy, housing data today from the The Bank had indicated in its quarterly Inflation Report in August that rates might have to rise keep inflation on track, but since then the CPI has dropped and the economy has been beset by profound threats. Today's decision to leave rate on hold will come as a disappointment to the British Retail Consortium. Kevin Hawkins, its director general, yesterday called for the bank to take immediate action on rates. The plea from the country's retailers comes after a warning from the Ernst & Young Item Club over the weekend that a cut would be the smartest move for the economy and the struggling financial services sector. Source: The Telegraph Thursday, October 4
Mortgage prices will rise with lenders cashing in on rival's turmoil, says HBOS chief
by
Jet-to-Let Magazine
on Thu 04 Oct 2007 11:01 BST
Andy Hornby, the boss of "Looking forward, we can already see that mortgage pricing is starting to adjust ... more »
Borrowers and banks hit as credit crisis takes toll of homeowners
by
Jet-to-Let Magazine
on Thu 04 Oct 2007 10:57 BST
Home loans are becoming more expensive for borrowers and less profitable for banks, Speaking at a Merrill Lynch banking conference yesterday, Andy Hornby, the chief executive of Halifax Bank ... more »
House prices drop for first time this year
by
Jet-to-Let Magazine
on Thu 04 Oct 2007 09:56 BST
House prices have fallen for the first time this year, according to the latest monthly survey from The slide was led by prices in
No change expected for UK rates
by
Jet-to-Let Magazine
on Thu 04 Oct 2007 09:54 BST
The Bank of England is expected to keep interest rates on hold at 5.75% later while it assesses the economic impact of the recent financial turmoil. Most experts believe policymakers will adopt a "wait and see" policy on rates until a clearer picture emerges of the effects of the ... more » |
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