Property Investment News and Analysis from Jet-to-Let Magazine

The dollar remained under strong pressure on the foreign exchange markets last night as fresh concerns were raised about the vulnerability of Wall Street to the crumbling American housing market.
With the pound trading at its highest level against the dollar since 1981, the credit rating agency Moody's said it ... more »

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Lender answers 25-year loan call

by Jet-to-Let Magazine on Thu 12 Jul 2007 17:22 BST

Nationwide has relaunched its 25-year fixed-rate mortgage, after the government said it wanted to see more long-term mortgages on offer.

Borrowers will be able to fix their interest rate at 6.39% for the full 25-year term.

The Nationwide said the mortgages provided a mixture of "stability and flexibility" for borrowers. ... more »

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Empty homes exacerbate housing supply issue

by Jet-to-Let Magazine on Thu 12 Jul 2007 17:20 BST

420,000 dwellings stand empty in a state of disrepair – equivalent to more than the number of households in Birmingham – according to the most recent research by propertyfinder.com. Meanwhile, the recent Barker report states that there is a shortfall of 600,000 homes for England’s current needs, let alone predicted ... more »

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Barratt upbeat despite tight market

by Jet-to-Let Magazine on Thu 12 Jul 2007 17:18 BST

Barratt Developments has warned that the property market will "tighten" but remains confident, reporting a 15pc rise in reservations and predicting "robust" pre-tax profits.

The housebuilder, which acquired rival Wilson Bowden earlier this year, has joined some of its peers in admitting that, "going forward it would be prudent to ... more »

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Yen slips after BoJ holds rates

by Jet-to-Let Magazine on Thu 12 Jul 2007 12:16 BST

The yen struggled on Thursday after the Bank of Japan voted 8-1 in favour of leaving interest rates on hold at 0.5 per cent.

That only one member of the rate-setting committee voted for a 25 basis points increase came as a surprise, and raised doubts over widely-held expectations of ... more »

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The iron currency

by Jet-to-Let Magazine on Thu 12 Jul 2007 09:51 BST

Sterling yesterday hit a new high against the dollar of $2.03, having managed for two weeks to stay above $2 - a level it had breached for the first time since 1981. The recent rise, though eye-catching, is small in the context of the pound's vigour over the past decade, ... more »

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