|
|
||||
|
Search
My Favorite Web Logs
Recent Articles
This Month
Month Archive
Login
|
Monday, March 30
Surprise mortgage approvals jump
by
Jet-to-Let Magazine
on Mon 30 Mar 2009 16:57 BST
Mortgage approvals for house purchases in Britain rose more than expected in February, according to official figures from the Bank of England. There were 38,000 approvals in the month, up from 32,000 in January. There was also the biggest net repayment of consumer debt since records began in April 1993. ... more » Wednesday, March 25
Tenants 'haggling' as rents fall
by
Jet-to-Let Magazine
on Wed 25 Mar 2009 13:12 GMT
The cost of renting a home has continued to fall as UK householders let out their homes in a bid to beat the recession. Two surveys suggest that there has been a surge in properties available to rent, pushing down costs for tenants. Tenants, aware of the falling prices, have ... more » Tuesday, March 24
Key inflation measure hits zero
by
Jet-to-Let Magazine
on Tue 24 Mar 2009 10:03 GMT
A key measure of UK inflation has fallen to zero for the first time in 49 years, official figures show. The Retail Prices Index (RPI), which includes housing costs, fell to 0% in February on an annual basis from 0.1% in January. There are concerns that if prices keep falling, ... more » Friday, March 20
Dominic Farrell: Sterling, Euro, The Global Economy And Distressed Assets Seminar In London
by
Jet-to-Let Magazine
on Fri 20 Mar 2009 16:23 GMT
Dear Investor I am now back in Liverpool having been around the country at various events, including my annual university football club reunion, lunches in London with various professional advisors and a catch-up with a couple of military friends. Notable successes last week were the cracking results for Liverpool against ... more » Thursday, March 19
Dollar slides after US Fed plan
by
Jet-to-Let Magazine
on Thu 19 Mar 2009 11:25 GMT
The dollar has fallen against all major currencies after the US Federal Reserve announced a plan to buy $1.2tn (£843bn) of debt to boost its economy. The dollar fell by 2.9% against the euro and by 2.5% against the pound. The US currency also declined against the yen, the Norwegian ... more » Tuesday, March 17
UK house prices slump but hold up best in Scotland
by
Jet-to-Let Magazine
on Tue 17 Mar 2009 15:59 GMT
House prices across the UK fell 11.5 per cent in January from a year earlier, the government reported today. The average price dropped to £195,724 in January, the Department for Communities and Local Government said. But prices held up best in Scotland, where they were 6.3 perc ent below the ... more » Monday, March 16
Nationwide raises mortgage tracker rates
by
Jet-to-Let Magazine
on Mon 16 Mar 2009 17:02 GMT
Nationwide Building Society announced plans to increase some of its mortgage rates by up to 0.3% today. The lender has repriced its two-year tracker mortgage for people remortgaging with a 40% deposit to 3.93%, up from 3.63% previously. Thursday, March 12
Dominic Farrell: PRESS RELEASE: Astute Investors Buck The Trend And Snap Up UK Distressed Property Assets
by
Jet-to-Let Magazine
on Thu 12 Mar 2009 13:23 GMT
Distressed Assets, a Liverpool based property research and acquisition company has seen a sharp increase in the number of enquiries from investors for its bespoke property purchase service. As UK property prices tumble and recessionary woes continue, astute investors are seeing the opportunities that the present economic situation presents. Most ... more »
Mortgage lending slump continues
by
Jet-to-Let Magazine
on Thu 12 Mar 2009 11:30 GMT
Mortgage lending continued to fall in January, according to the Council of Mortgage Lenders (CML). Just 23,400 mortgages were completed for all house buyers, a new record low, with only 8,900 first-time buyers able to take out home loans. The number of mortgages lent was down by 28% from December, ... more » Wednesday, March 11
Bank to use 'newly created' money
by
Jet-to-Let Magazine
on Wed 11 Mar 2009 09:31 GMT
The Bank of England is to launch its latest attempt to boost the supply of credit and stimulate the UK economy, using £75bn it has, in effect, created. It will offer to buy up to £2bn of government bonds from investment institutions and individuals, in the first of a series ... more » Tuesday, March 10
Housing market 'still in a slump'
by
Jet-to-Let Magazine
on Tue 10 Mar 2009 09:13 GMT
UK property sales between December and February remained at their lowest level in at least 31 years, the country's surveyors have reported. Nine homes were sold per surveyor in the three months, the lowest since the Royal Institution of Chartered Surveyors' (Rics) survey began in 1978. This was despite the ... more » Monday, March 9
Pound slides as bank shares hit
by
Jet-to-Let Magazine
on Mon 09 Mar 2009 17:24 GMT
The pound has sunk back below $1.40 to a six-week low, as confidence in the UK economy took yet another knock following falls in bank shares. The pound was down almost four cents at $1.3761. Sterling touched its lowest levels in 24 years in mid-January, nearing $1.35. UK financial shares ... more » Friday, March 6
What low interest rates mean for you
by
Jet-to-Let Magazine
on Fri 06 Mar 2009 17:04 GMT
RBS/NatWest will not pass on the latest cut in the Bank rate to its variable rate mortgage customers. The bank, which is majority owned by the taxpayer, said it had to consider savers too and its standard variable rate (SVR) was already competitive. Some of the UK's other big mortgage ... more » Thursday, March 5
UK interest rates to fall further
by
Jet-to-Let Magazine
on Thu 05 Mar 2009 11:30 GMT
The Bank of England is expected to cut interest rates to a fresh all-time low and start increasing the money supply in an attempt to revive the economy. Most analysts believe the Bank will cut rates to 0.5% from 1%. An announcement is due at 1200 GMT. As rates get ... more » Wednesday, March 4
Cluttons' House Price Predictions
by
Jet-to-Let Magazine
on Wed 04 Mar 2009 11:30 GMT
A recent market forecast from Cluttons predicts further house price falls this year but a levelling off in 2010… House prices will fall by nine per cent this year and by 1.5 per cent next year, with a peak-to-trough decline of 24 per cent, according to the latest Cluttons' residential ... more » Tuesday, March 3
Don't bank on a Base Rate cut
by
Jet-to-Let Magazine
on Tue 03 Mar 2009 09:20 GMT
Stuart Law, Chief Executive of Assetz comments ahead of the Bank's interest rate decision this week: "Whilst the majority of commentators believe the Bank of England will drop base rates a further half point down to the lowest on record at 0.5%, I don't believe this is a clear cut ... more » Monday, March 2
Mortgage approvals 'reach trough'
by
Jet-to-Let Magazine
on Mon 02 Mar 2009 12:08 GMT
The number of mortgage approvals in January for house purchases held steady at 31,000 the Bank of England has said. This suggests the slump in mortgage lending seen during the past year and a half may have now reached its trough. Although approvals are still less than half the level ... more » |
|||
