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Thursday, May 31
US economy weakest in four years
by
Jet-to-Let Magazine
on Thu 31 May 2007 16:29 BST
The US economy grew at a pace of 0.6% in the first three months of 2007, its weakest rate in more than four years, official figures have shown. Hit by Americans importing more goods and firms cutting their supply stockpiles, the figure was a downward revision on the initial 1.3% ... more »
Irish house price woe
by
Jet-to-Let Magazine
on Thu 31 May 2007 16:19 BST
This latest fall comes after a drop in March that marked the first monthly decline in over five years, a survey showed on Wednesday. The average price of a house in Ireland fell 0.8 percent in April versus a 0.6 percent drop the previous month according to the permanent TSB/ESRI ... more »
Mortgage rate blunders cost borrowers thousands
by
Jet-to-Let Magazine
on Thu 31 May 2007 16:12 BST
Homeowners are being overcharged by up to £50,000 in a mortgage scandal involving some of Britain’s biggest banks and building societies. Evidence drawn up by an independent financial auditor reveals a catalogue of mistakes made by Nationwide, Alliance & Leicester and Abbey that led to some customers being overcharged interest ... more »
Rate rise puts brakes on investment property sales
by
Jet-to-Let Magazine
on Thu 31 May 2007 16:09 BST
Any property investor entering the market in recent years should have found it fairly simple to make money. Rental yields have been at a premium to interest rates, and phenomenal house price growth has meant that even unseasoned landlords have pocketed significant profits. But as interest rates rise and ... more »
Further rise 'could come next week'
by
Jet-to-Let Magazine
on Thu 31 May 2007 16:06 BST
Interest rates could be raised to 5.75pc as soon as next week, economists warned after the most dovish member of the Bank of England's Monetary Policy Committee said inflation was likely to remain high for some time. David Blanchflower, who until last month was a proponent of lower borrowing costs, ... more »
Mortgage lending dips to year low
by
Jet-to-Let Magazine
on Thu 31 May 2007 16:05 BST
New mortgage lending in the UK fell for the third month in a row in April to the lowest in a year, according to the Bank of England. New home loans rose £8.9bn, down from a rise of £9.9bn in March, suggesting the exuberant housing market could be losing steam. ... more » |
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