The “Understanding Economics” course in Liverpool last weekend was a great success. This was the first time we have organised a course of this type and I was initially unsure how it would be received by the attendees and whether the content was pitched at the ... more »
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Friday, February 27
Dominic Farrell: 60% Reduction On A UK Distressed Property Asset – Great Time To Buy
by
Jet-to-Let Magazine
on Fri 27 Feb 2009 17:15 GMT
Dear Investor
House prices down 15.1% in a year
by
Jet-to-Let Magazine
on Fri 27 Feb 2009 16:13 GMT
House prices in England and Wales in January were 15.1% lower than a year earlier, says the Land Registry. The figures from the survey, widely regarded as the most authoritative, reveal that prices dropped by 0.8% in January compared with December. This is the 17th month in a row that ... more » Thursday, February 26
House prices 'fall another 1.8%'
by
Jet-to-Let Magazine
on Thu 26 Feb 2009 09:57 GMT
House prices fell by 1.8% in February as confidence in the UK property market failed to pick up, according to the Nationwide building society. The lender said that the average UK property had fallen in value by 17.6% over the past 12 months, to £147,746. Although cuts in interest rates ... more » Wednesday, February 25
English council tax 'to rise 3%'
by
Jet-to-Let Magazine
on Wed 25 Feb 2009 17:29 GMT
Council taxes are forecast to rise by an average of 3% in England - the lowest rise in ten years but still set to be higher than the inflation rate. Ministers said there was "no excuse for excessive rises" and costs could be cut elsewhere to protect core services. The ... more » Tuesday, February 24
Mortgage approvals up in January
by
Jet-to-Let Magazine
on Tue 24 Feb 2009 14:43 GMT
The number of mortgage approvals in the UK made by banks rose slightly in January, industry figures have shown. Mortgage approval levels hit 23,376 last month, up 4% from 22,416 in December, the British Bankers' Association (BBA) said. However, the number of approvals in January was still 43% lower than ... more » Sunday, February 22
Rock to revive mortgage lending
by
Jet-to-Let Magazine
on Sun 22 Feb 2009 14:24 GMT
Northern Rock is to revive its mortgage lending with extra cash from the taxpayer, it has been announced. It is part of government plans to boost lending generally, and reverses its earlier policy of winding down the bank's loans. The bank also revealed that it would report a loss of ... more » Friday, February 20
Repossessions rose 54% in 2008
by
Jet-to-Let Magazine
on Fri 20 Feb 2009 16:42 GMT
The total numbers of repossessions in 2008 rose to 40,000 but the level of repossessions slowed in the fourth quarter, according to the Council of Mortgage Lenders. In the three months to December, 10,400 homes were repossessed. This figure represents just 1 in 1,100 mortgages, even though one in 53 ... more » Thursday, February 19
Recession reduces total tax paid
by
Jet-to-Let Magazine
on Thu 19 Feb 2009 17:34 GMT
The recession led to a £7bn fall in the amount of tax paid by individuals and businesses in January, data shows. Public finances are typically boosted by annual tax receipts in January, but these have fallen as unemployment rises and company profits decline. Government borrowing for the full financial year ... more »
Dominic Farrell: More Success This Week For UK Distressed Assets Division of Jet-t o-Let Investments
by
Jet-to-Let Magazine
on Thu 19 Feb 2009 15:00 GMT
Dear Investor
We are busy preparing for the 3 day “Understanding Economics To Beat The Recession” course in Liverpool starting tomorrow. I have a very small role in the proceedings looking at the “Applied” side of the economic theory. I have revisited the "Product Life Cycle," ... more » Wednesday, February 18
Bank aiming to boost money supply
by
Jet-to-Let Magazine
on Wed 18 Feb 2009 15:52 GMT
The Bank of England is seeking approval from the government for a series of measures aimed at increasing the supply of money in the economy. Technically known as quantitative easing, the aim of the process is to try to increase the amount of funds in the UK banking system. The ... more » Tuesday, February 17
Home sales may rise say surveyors
by
Jet-to-Let Magazine
on Tue 17 Feb 2009 09:24 GMT
Property sales may pick up in the next few months, according to a survey from the Royal Institution of Chartered Surveyors (Rics). It says lower house prices have prompted renewed interest from potential buyers, especially those who already own a house or flat. However first time-buyers are still largely locked ... more » Monday, February 16
PRESS RELEASE: Top 10 Property Investment Countries for 2009 Revealed in Jet-to-Let Survey
by
Jet-to-Let Magazine
on Mon 16 Feb 2009 15:20 GMT
The top 10 countries of most interest to jet-to-let property investors in 2009 have been revealed in a survey conducted by property investment magazine, Jet-to-Let. In order to provide an up-to-date snapshot of investor intentions in 2009, Jet-to-Let magazine surveyed 500 new readers who recently subscribed to their free investment ... more » Friday, February 13
Dominic Farrell: The Recession, Construction Blog And Nanook Of The North
by
Jet-to-Let Magazine
on Fri 13 Feb 2009 14:46 GMT
Dear Investor
‘With capacity being stripped out of the system - inventory, costs, people, production - those that survive should enjoy some strong pricing power. Stand by for buoyant recovery in earnings - and inflation.’ This is an extract from Citywire which is an excellent on-line resource for ... more »
Mortgage levels 'prove rate cuts don't work'
by
Jet-to-Let Magazine
on Fri 13 Feb 2009 14:22 GMT
The low level of mortgage approvals in 2008 shows that reductions in the Bank of England's base rate have not worked, it has been claimed. According to head of mortgages at moneysupermarket.com Louise Cuming, lending did not even fall this low in 1989 when the Bank's base rate was increased ... more » Thursday, February 12
Mortgage lending at 34-year low
by
Jet-to-Let Magazine
on Thu 12 Feb 2009 15:42 GMT
The number of mortgages lent to house buyers fell last year to its lowest level since 1974, the Council of Mortgage Lenders (CML) has said. There were just 516,000 mortgages granted to house buyers, down 49% from the level seen in 2007. The squeeze on mortgage funds has seen widespread ... more » Wednesday, February 11
Bank says UK 'in deep recession'
by
Jet-to-Let Magazine
on Wed 11 Feb 2009 14:51 GMT
The governor of the Bank of England, Mervyn King, has warned that the UK is facing a deep recession in 2009 and said rate cuts may no longer work. In its latest forecast for economic growth and inflation, the Bank says that the UK economy will decline sharply in the ... more » Tuesday, February 10
Dominic Farrell Announces The Prime Contractor For The Grove Spa Resort, Mazotos, Cyprus
by
Jet-to-Let Magazine
on Tue 10 Feb 2009 09:00 GMT
The Grove Spa Resort, Cyprus – Appointment of General Constructions Company Ltd (GCC) as Prime Contractor InvestinCyprus.com Developers has appointed the General Constructions Company (GCC) as the prime contractor for its landmark 5 Star mixed-use scheme, The Grove Spa Resort in Mazotos, Cyprus. GCC was founded in 1947 and is ... more » Monday, February 9
Cyprus Property Investors Delighted With News Of 14 New Golf Courses Approval
by
Jet-to-Let Magazine
on Mon 09 Feb 2009 12:15 GMT
The Cyprus government has finally approved the creation of 14 new golf courses, which will bring the total number on the island to 17. The decision was finalised at a cabinet meeting last Thursday (5th February 2009).
Repossession plans 'not enough'
by
Jet-to-Let Magazine
on Mon 09 Feb 2009 12:00 GMT
Initiatives aimed at helping people avoid losing their homes will only help a "very small number" of households, a think-tank has claimed. The right-leaning Centre for Policy Studies said that more than 145,000 households faced being made homeless during the recession. Another 245,000 would get repossession orders against them, it ... more » Friday, February 6
Sterling rallies after rate cut
by
Jet-to-Let Magazine
on Fri 06 Feb 2009 16:26 GMT
The pound has hit a two-month high against the euro, after the Bank of England slashed interest rates to a record low to tackle the recession. The UK's central bank cut rates from 1.5% to 1%, while the European Central Bank left rates on hold at 2%. The perceived pro-active ... more »
Dominic Farrell: UK Bank Repossessions And Irish Investors
by
Jet-to-Let Magazine
on Fri 06 Feb 2009 15:00 GMT
Dear Investor We have received lots of good news this week, some of which we will make public in due course. The sun is shining here in Liverpool as I look out across the city from my perch above Exchange Flags in the heart of the Business District. The weekend ... more » Thursday, February 5
UK reduces interest rates to 1%
by
Jet-to-Let Magazine
on Thu 05 Feb 2009 14:07 GMT
The Bank of England has reduced interest rates to a record low of 1% from 1.5% in an attempt to boost the shrinking economy. This marks the fifth interest rate cut since October, as the Bank seeks to encourage more lending. However, there are concerns that savers will be hurt ... more » Wednesday, February 4
Barclaycard cuts 'low-risk' rates
by
Jet-to-Let Magazine
on Wed 04 Feb 2009 14:47 GMT
Barclaycard has cut interest rates for some of its customers after coming under pressure to do more to help those struggling with finances. About three million of its lowest-risk customers will see their rate fall by between 2.5 and 5 percentage points. But critics have attacked credit card firms for ... more » Tuesday, February 3
Societies oppose more rate cuts
by
Jet-to-Let Magazine
on Tue 03 Feb 2009 15:52 GMT
The Building Societies Association (BSA) has called on the Bank of England not to cut interest rates this week. The Bank's monetary policy committee (MPC) meets on Thursday amid widespread expectations of a further reduction in the cost of borrowing. The BSA said this would have a "severe impact on ... more » Monday, February 2
Mortgage payments to reach as low as 8p?
by
Jet-to-Let Magazine
on Mon 02 Feb 2009 12:16 GMT
Some homeowners could see their mortgage payments falling as low as zero this week if the Bank of England slashes its base rate to one per cent on Thursday. If the rate does fall this low, customers who took out Cheltenham & Gloucester's deal at 1.01 per cent below the ... more » Friday, January 30
Mortgage approvals rise slightly
by
Jet-to-Let Magazine
on Fri 30 Jan 2009 12:28 GMT
The number of new mortgages approved for home buyers picked up slightly in December, says the Bank of England. There were 31,000 mortgage approvals, up from 27,000 in November, but still the second lowest figure on record. Lending slumped by 58% during 2008, with just 519,000 home loans approved, compared ... more » Thursday, January 29
Bank of England Forecast To Cut Interest Rates To Another Historic Low
by
Jet-to-Let Magazine
on Thu 29 Jan 2009 14:25 GMT
LONDON (Reuters) - The Bank of England is very likely to cut interest rates to another 300-year low in February to deaden the blow from what is already the fastest pace of economic decline in nearly three decades. Sixty-one of 68 economists polled by Reuters January 28-29 said the Monetary ... more »
London homeowners see prices fall by £900 a week
by
Jet-to-Let Magazine
on Thu 29 Jan 2009 11:58 GMT
London homeowners saw almost £900 a week fall off the value of their properties last year. Prices of flats and houses slumped a further 2.3 per cent last month, the ninth consecutive monthly fall, according to official Land Registry figures It brought an end to the worst year for the ... more » Wednesday, January 28
Irish Economy Vulnerable - EU
by
Jet-to-Let Magazine
on Wed 28 Jan 2009 13:38 GMT
The European Commission has warned the Irish economy is particularly vulnerable in the wake of the housing boom and the erosion of its competitive position. In a report released today, the Commission recommends careful prioritisation of public spending, strengthening productivity and rebuilding competitiveness as key factors in helping the country ... more »
US interest rates kept near zero
by
Jet-to-Let Magazine
on Wed 28 Jan 2009 11:29 GMT
The US Federal Reserve has kept interest rates unchanged but has pledged to "employ all available tools" to revive the economy. Last month, the central bank cut rates as low as they can go - to a range of zero to 0.25%. The Fed said it was prepared to use ... more » Tuesday, January 27
The Mortgage Myth – You can secure one
by
Jet-to-Let Magazine
on Tue 27 Jan 2009 15:24 GMT
A look at a newspaper or a listen to the daily news may give the impression that mortgages are as rare as hens’ teeth, but the truth is somewhat different. It is possible to get a mortgage, even in these days of financial crisis and house price gloom, but it ... more » Monday, January 26
Is housing market starting to pick up?
by
Jet-to-Let Magazine
on Mon 26 Jan 2009 09:30 GMT
Norwich has been hit hard over the past year by a fall in house prices and a slowdown in the property market. But city estate agents say signs are slowly beginning to emerge that confidence and interest in the market is growing. REBECCA GOUGH reports. Homeowners in East Anglia saw ... more » Friday, January 23
Dominic Farrell: A Year Of Opportunities - It's Just Beginning
by
Jet-to-Let Magazine
on Fri 23 Jan 2009 14:32 GMT
Dear Investor
I am now back in the Liverpool office full-time after the Christmas break and looking forward to an exciting 2009. There has been a lot going on in the world recently, from the fighting in Gaza, a new President of the United States and the Recession, which has ... more »
UK in recession as economy slides
by
Jet-to-Let Magazine
on Fri 23 Jan 2009 13:08 GMT
The UK is now in recession for the first time since 1991, official government figures have confirmed. Gross domestic product fell by 1.5% in the last three months of 2008 after a 0.6% drop in the previous quarter. That means that the widely accepted definition of a recession - two ... more » Thursday, January 22
Pound still close to 23-year low
by
Jet-to-Let Magazine
on Thu 22 Jan 2009 12:19 GMT
Sterling has fallen back close to a 23-year low against the dollar, erasing earlier gains. The pound stood at $1.3915 against the dollar and was worth 1.0688 euros. On Wednesday, the pound fell to $1.3620, its weakest level since late 1985, on worries over the strength of the UK economy ... more » Wednesday, January 21
Mortgages 'fell by 30% in 2008'
by
Jet-to-Let Magazine
on Wed 21 Jan 2009 14:27 GMT
UK mortgage lending fell by 30% in 2008 to the lowest level since 2002, the Council of Mortgage Lenders (CML) says. Lending totalled £256.4bn last year, compared with £363.7bn in 2007, as the credit crunch triggered a mortgage drought making it harder to get a loan. Analysts say that even ... more » Tuesday, January 20
3 Day Economics Course – Understanding Economics To Beat The Recession
by
Jet-to-Let Magazine
on Tue 20 Jan 2009 16:04 GMT
BUSINESS AND INVESTMENT TRAINING
3 Day Economics Course – Understanding Economics To Beat The Recession Whether you are a business leader, property or stock market investor, work in financial services or have a keen interest in economics then this 3 day course is a must and will assist you in ... more »
Bank woes push pound below $1.40
by
Jet-to-Let Magazine
on Tue 20 Jan 2009 13:54 GMT
Concerns about the UK banking sector have further undermined the pound, with the currency sliding below $1.40. Sterling also hit a record low against the Japanese currency at 127.47 yen. Against the dollar, it reached $1.3965, its lowest level since 2001. Some analysts have suggested a fresh bail-out for the ... more » Sunday, January 18
AS INTEREST HITS RECORD LOW, GET YOURSELF IN A FIX
by
Jet-to-Let Magazine
on Sun 18 Jan 2009 10:45 GMT
BORROWERS with tracker mortgages have had plenty to smile about in recent months, as falling interest rates have heralded a series of cuts in their monthly repayments. But it’s been a different story for savers with money in variable-rate savings accounts, as they have seen interest decimated in the wake ... more » |
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