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Monday, January 28
Call to continue Hips concession
by
Jet-to-Let Magazine
on Mon 28 Jan 2008 17:16 GMT
Campaigners want sellers to keep the right to put their home on the market before their home information pack (Hip) is completed. At present owners can market their properties as soon as they have commissioned a Hip, but from June it will have to be completed first. Pressure ... more »
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
Darling bows to pressure on CGT reform
by
Jet-to-Let Magazine
on Fri 25 Jan 2008 10:29 GMT
The Chancellor has said that tens of thousands of small business owners will benefit from a new "entrepreneurs' relief" after he bowed to business pressure to amend his capital gains tax reform plans. Alistair Darling told the House of Commons that he would spend £200m of the £900m he ... more »
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 » Thursday, January 24
Trichet talks down rate cut hopes
by
Jet-to-Let Magazine
on Thu 24 Jan 2008 15:57 GMT
European Central Bank (ECB) chief Jean-Claude Trichet has talked down the chances of a European rate cut. The However, in a ... 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 » Tuesday, January 22
Record mortgage lending in 2007
by
Jet-to-Let Magazine
on Tue 22 Jan 2008 15:18 GMT
Last year saw the strongest gross mortgage lending to date, but the market is weakening, the Council for Mortgage Lenders (CML) has said. CML figures showed gross lending reached £362bn in 2007, up 5% from £345bn in 2006, and above its forecast. However, gross lending was £22.6bn last month, ... more »
US interest rates cut by 0.75%
by
Jet-to-Let Magazine
on Tue 22 Jan 2008 15:15 GMT
The US Federal Reserve said it was reducing its key federal funds rate to 3.5 per cent "in view ... 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 »
Dominic Farrell: Issue 4 of Jet-to-Let Magazine - 2008 - What next?
by
Jet-to-Let Magazine
on Wed 16 Jan 2008 12:04 GMT
Dear Investor Happy New Year! We are flat out putting the final touches to the 4th Issue of Jet-to-Let Magazine which has grown in size by 35% to 60 pages of the latest news, information and feature articles on UK, Ireland and overseas property markets. Written by some of the ... 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 »
Dollar falls ahead of key US data
by
Jet-to-Let Magazine
on Tue 15 Jan 2008 16:30 GMT
The dollar has edged towards seven-week lows against both the yen and the euro on fears of poor US retail sales data and banking results later on Tuesday. With any weak figures set to increase expectations of a further cut in US interest rates, the dollar had fallen to 107.75 ... 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 »
‘Zero US effort’ on housing slammed
by
Jet-to-Let Magazine
on Fri 11 Jan 2008 15:17 GMT
Angelo Mozilo, chief executive of Countrywide Financial, on Monday strongly criticised the US government’s response to the collapse of the subprime lending market, saying there had been “zero” effort to tackle the crisis. “In terms of tangible effort from the federal government...there has been no programme, no federal ... more » Thursday, January 10
Eurozone rates kept at 4% by ECB
by
Jet-to-Let Magazine
on Thu 10 Jan 2008 15:39 GMT
The European Central Bank (ECB) has left interest rates unchanged at 4%. High oil prices and an increase in the cost of food have buoyed inflation in the eurozone at a time when economic growth is seen slowing. The ECB has said inflation remains a problem, noting that December's ... more »
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
Fed ‘caught off guard’ by rate of US slowdown
by
Jet-to-Let Magazine
on Wed 09 Jan 2008 17:03 GMT
The scale of the housing slump across the
The minutes from the December 11 meeting of the Fed’s interest-rate-setting committee ... more »
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
Action urged over US economy woes
by
Jet-to-Let Magazine
on Mon 07 Jan 2008 16:59 GMT
Top economists have warned that a
Former US Treasury Secretary Lawrence Summers, called for a $75bn (£38bn) package to help stimulate the economy. And National Bureau of Economic Research president, Martin Feldstein said that the chances of a ... more » |
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