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Monday, January 28
House prices slip -0.3% in January
by
Jet-to-Let Magazine
on Mon 28 Jan 2008 16:52 GMT
House prices fell for the fourth month in a row in January with average values falling by 0.3%, the same decline as last month. Research by Hometrack found that the year on year rate of growth has also slipped back, to +2.3%, which represents the lowest rate of growth ... more » Friday, January 25
Mortgage approvals hit by credit crunch
by
Jet-to-Let Magazine
on Fri 25 Jan 2008 10:22 GMT
The number of mortgages granted to new home buyers plunged to a record low last month as banks struggled with the credit crunch and potential buyers hesitated in the face of higher mortgage rates. Only 42,088 mortgages were approved for new buyers by banks in December, lower than at ... more » Wednesday, January 23
MPC damps aggressive cut expectations
by
Jet-to-Let Magazine
on Wed 23 Jan 2008 17:12 GMT
The Bank of England’s monetary policy committee voted eight to one to leave interest rates unchanged last month, according to minutes of the meeting published on Wednesday, while official statistics showed growth slowed slightly less than expected in the fourth quarter. The MPC felt that “the short-run inflation outlook ... more »
CBI director Lambert forecasts 'soft landing'
by
Jet-to-Let Magazine
on Wed 23 Jan 2008 17:10 GMT
Richard Lambert, the director general of the CBI, predicts a "soft landing" in the Mr Lambert was speaking ahead of a surprise three-quarter point cut in US interest rates that saw the FTSE 100 index bounce by 161.9 ... more » Wednesday, January 16
Rate cut in doubt as unemployment falls
by
Jet-to-Let Magazine
on Wed 16 Jan 2008 17:46 GMT
The number of people claiming unemployment benefit fell to its lowest level for more than 30 years, while British average earnings unexpectedly rose in the three months to November. Figures from the Office for National Statistics (ONS) show that average earnings growth, including bonuses, remained steady at 4 per ... more » Tuesday, January 15
UK inflation steady in December
by
Jet-to-Let Magazine
on Tue 15 Jan 2008 16:31 GMT
Last month's Consumer Prices Index figure - the government's preferred measurement - held at 2.1% for a third month in succession. The biggest inflationary pressure was continuing high food prices, the Office for National Statistics (ONS) said. The ... more » Friday, January 11
Northern Rock starts to repay taxpayer
by
Jet-to-Let Magazine
on Fri 11 Jan 2008 16:21 GMT
Northern Rock is to repay £2.2bn of its £26bn Bank of England loan after selling a portfolio of mortgages to The ailing lender has agreed to sell its "Lifetime Portfolio" of equity release mortgages, which account for just 2pc of its total assets, for ... more » Thursday, January 10
Bank keeps interest rates on hold
by
Jet-to-Let Magazine
on Thu 10 Jan 2008 12:14 GMT
Bank of England policymakers have decided to keep The decision is likely to disappoint some retailers, who had called for a ... more »
UK slump 'is worst for 28 years'
by
Jet-to-Let Magazine
on Thu 10 Jan 2008 09:37 GMT
The UK economy shrank by 1.5% in the last three months of 2008, its worst performance in 28 years, a think tank has concluded. The National Institute of Economic and Social Research (NIESR) also warned the economic downturn was worsening. Its estimation comes two weeks ahead of the release of ... more » Wednesday, January 9
PM tells banks to pass on rate cuts
by
Jet-to-Let Magazine
on Wed 09 Jan 2008 17:00 GMT
Gordon Brown and Alistair Darling last night warned mortgage lenders they should pass on interest rate cuts to homeowners. The Prime Minister said the banks had a duty to pass on the cuts after it emerged almost one in five had not done so. Their inaction leaves hundreds of ... more » Tuesday, January 8
UK mortgage market continues to respond to global credit conditions
by
Jet-to-Let Magazine
on Tue 08 Jan 2008 13:37 GMT
Data released today showed that affordability in the mortgage market continued to show some resilience to tightening credit market conditions in November. Income multiples again declined modestly, reinforcing the trend that began in early autumn. First-time buyers typically borrowed 3.33 times their income, a figure that has fallen each month ... more »
House prices rise as 2007 ends
by
Jet-to-Let Magazine
on Tue 08 Jan 2008 12:16 GMT
House prices rose by 1.3% in December, following three months of falls, the Monday, January 7
UK faces dangerous year, says Brown
by
Jet-to-Let Magazine
on Mon 07 Jan 2008 17:02 GMT
Gordon Brown on Sunday warned Although he insisted |
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