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Wednesday, February 27
NAEA sees optimistic start for property market.
by
Jet-to-Let Magazine
on Wed 27 Feb 2008 16:37 GMT
According to the National Association of Estate Agents (NAEA), many of their members have reported a positive start for the New Year as recent figures from the monthly housing market survey indicate a new sense of optimism from consumers for 2008. Agents reported that the number of buyers on ... more » Tuesday, February 26
Bank mortgage lending subdued
by
Jet-to-Let Magazine
on Tue 26 Feb 2008 16:47 GMT
Figures from the British Bankers Association (BBA) show that January's mortgage lending strengthened a little. The main high street banks approved 44,000 new mortgages for house purchase in January. Whilst this showed an increase on the figures for December 2007, it was 31% lower than a year ago. Approvals ... more » Thursday, February 21
NAEA urges chancellor to revise stamp duty
by
Jet-to-Let Magazine
on Thu 21 Feb 2008 17:18 GMT
Stewart Lilly, president of the National Association of Estate Agents (NAEA), is calling on Chancellor Alistair Darling to use the March Budget to ease the immediate problems facing people in the housing market today. With first-time buyers being priced out of the market at the bottom end the NAEA ... more » Wednesday, February 20
Three lenders scrap 125% mortgage deals as criticism increases
by
Jet-to-Let Magazine
on Wed 20 Feb 2008 17:16 GMT
Three mortgage lenders yesterday pulled the plug on deals that allow home buyers to borrow as much as 125% of a property's value - the day after Northern Rock came under fire for offering similar deals. It is the latest evidence that banks and building societies are tightening their ... more »
11% growth in gross lending in January
by
Jet-to-Let Magazine
on Wed 20 Feb 2008 16:49 GMT
Gross mortgage lending rose to an estimated £26.5 billion in January, up 11% from £23.9 billion in December, and reached a similar level to January 2007 when it was £26.6 billion, according to the Council of Mortgage Lenders. This is a good performance given the unsettled market conditions since ... more » Tuesday, February 12
UK inflation lower than feared
by
Jet-to-Let Magazine
on Tue 12 Feb 2008 15:42 GMT
Inflation was lower than feared in January after a sharper than expected fall in the cost of clothing and footwear offset higher food, transport and energy prices. The consumer prices index (CPI) increased by 2.2pc, less than most economists' forecast of 2.3pc, although this was still the biggest increase ... more » Thursday, February 7
Bank cuts interest rates to 5.25%
by
Jet-to-Let Magazine
on Thu 07 Feb 2008 12:50 GMT
The Bank of England's rate-setting committee has cut interest rates to 5.25% from 5.5% in an attempt to stimulate growth in the But the Bank of England said that growth needs to slow to keep inflation under control. The decision follows recent rate cuts by the ... more » |
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