Property’s mixed prospects in 2011 January 26, 2011 PROPERTY price indices suggest house prices are falling again, but what are the prospects for home owners and property investors? UK house prices fell 0.9 per cent in the final three months of 2010 and were down 1.3 per cent between November and December, the Halifax index shows. Some analysts expect them to fall further, [...]
Republic’s banks face fresh woes November 25, 2010 THE cost of recapitalising Irish banks could be even higher than the €22-27bn estimated. The potential cost of large-scale defaults in residential mortgages, currently not included in the Nama “bad bank” programme, has not been factored into recapitalisation figures by credit analysts. If Nama is forced to accept distressed residential loans for the first time [...]
Republic’s banks face fresh woes November 25, 2010 THE cost of recapitalising Irish banks could be even higher than the €22-27bn estimated. The potential cost of large-scale defaults in residential mortgages, currently not included in the Nama “bad bank” programme, has not been factored into recapitalisation figures by credit analysts. If Nama is forced to accept distressed residential loans for the first time [...]
House prices fall for third consecutive month October 28, 2010 House prices fell for the third month in four in October, figures from Nationwide have shown. The average price of a property fell 0.7 per cent this month after a flat reading in September. That was almost twice the drop economists had expected and meant the three-month on three-month rate of decline accelerated to 1.5 [...]
House prices fall yet again October 28, 2010 THE average house price fell 0.7 per cent in October, equivalent to a drop of £2,376, Britain’s biggest building society said yesterday. Nationwide building society said the value of the average home is now £164,381 compared to £166,757 a month ago. Over the last three months house prices have fallen 1.5 per cent, marking the [...]
Mortgage lending slumps to lowest point for a decade December 20, 2010 MORTGAGE lending has sunk to its lowest level since 2000 for five consecutive months, it was revealed yesterday. In November lending dropped by five per cent to £11.1bn compared to the previous month, according to the Council of Mortgage Lenders (CML). A huge 10 per cent drop from last year’s November figures is partly accounted [...]
No let-up for Londoners as snow and frost cause chaos November 30, 2010 LONDONERS are expected to face another day of travel mayhem today, with the snowy weather forecast to continue until the end of the week. Transport for London said last night that no disruption to the Tube service was currently forecast, but conditions could change overnight. London Overground trains were disrupted yesterday and are unlikely to [...]
How to rob your bank January 19, 2011 SANTANDER has brought back its switching deal, giving new customers £100 when they move their main current account to its offering which pays 5 per cent interest for the first year. However, the bank has been voted worst for customer service in a string of surveys by organisations including Moneywise, MoneySavingExpert.com and consumer group Which? [...]
England the chief threat to France’s title defence February 2, 2011 But don’t expect another grand slam, says former England scrum-half FOR RUGBY fans February means one thing, and that’s the mouth-watering prospect of another RBS 6 Nations Championship. It’s shaping up to be a two-horse race, but don’t expect to see yet another grand slam. England go into this year’s competition as favourites, a status [...]
UK banks sign up to tax code November 30, 2010 IN A last minute scramble the UK’s 15 largest banks have signed up to a government code of practice aimed at reducing tax avoidance, deputy prime minister Nick Clegg said yesterday. The code, which had a deadline of 30 November, but until October had only been supported by four of the 15, requires the banks [...]