|
|
||||
|
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 » 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
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 »
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 » |
|||
