Archive for October, 2009
UK house prices to fall 10pc in 2010
House prices in Britain will fall 10 per cent next year, reversing their recovery of recent months.Rising unemployment and a failure of mortgage lenders to offer cheap home loans will mean property will stay unaffordable for too many consumers, forcing prices down in a “second wave of house price falls”. Capital Economics is predicting that [...]
October 17, 2009
Tags: Credit Crunch, home loans, refinancing rates, UK loans rates, uk recession Posted in: Uncategorized 
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Buying a London home needs £93,000 wage
First time buyers in London must earn £93,000 a year to afford an average home in the city, a report has claimed. The research by the National Housing Federation, which represents 1,200 housing associations, puts the average house price in London at £362,000. A single buyer would require the near-six-figure income to get a 90% [...]
October 15, 2009
Tags: home loans, inflation, Interest Rates, mortgage calculator, UK loans rates Posted in: Uncategorized No Comments
UK banks are ripping us off
It’s getting cheaper for banks to borrow money, but not for the likes of you and me. Last week, the British Bankers Association – a trade body for banks, funnily enough – published a factsheet called Your Mortgage and the Markets explaining why, although it may seem like banks are profiting hugely by pricing their [...]
October 14, 2009
Tags: Bank of England, Credit Crunch, Interest Rates, Loan calculator, UK loans rates, uk recession Posted in: Uncategorized No Comments
UK inflation falls to lowest in five years
The rate of UK inflation fell more than expected last month, dropping to the lowest level in five years, as the downturn kept a lid on price pressures. The Consumer Prices Index (CPI) showed that prices rose 1.1pc in September compared with a year earlier. City economists had expected the figure would come in at [...]
October 13, 2009
Tags: Bank of England, Credit Crunch, home loans-rates-UK, inflation, Quantitative Easing, uk recession Posted in: Uncategorized No Comments
Loans rates to stay low until 2014
Loans interest rates will stay at rock bottom in the years to come as the labour Government tackles the wounded economy, a report says. The cost of borrowing is to remain at its record low of 0.5pc until at least 2011 and remain below 2pc until 2014, according to a study by the Centre for [...]
October 12, 2009
Tags: Bank of England, Credit Crunch, falling interest rates, Interest Rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
Loans markets end week on a high as Ben Bernanke moves to reassure
Global loans markets experienced the best week in four months on the back of reassuring comments from Federal Reserve chairman Ben Bernanke and expectations of a strong set of results from US banks in the coming weeks. In London, the FTSE100 closed up 7.23 points at 5,161.87, topping out a 173-point rise over the last [...]
October 9, 2009
Tags: Bernanke, Loan calculator, loans Posted in: Uncategorized No Comments
Housing market bounce on shaky foundations
The UK housing market bounced back during September following its traditional seasonal slowdown, estate agents said. Both the number of potential buyers registered with estate agents and the average number of properties sold per branch increased during the month, following a dip in August. The National Association of Estate Agents said the figures showed that [...]
October 8, 2009
Tags: home loans, Loan calculator, new home sales, UK loans rates Posted in: Uncategorized No Comments
Australia raises loans rates from 49 year low
The Reserve Bank of Australia signalled its confidence in the country’s economic recovery yesterday when it became the first G20 central bank to raise interest rates since the global downturn. The move comes amid growing concern that the emergency rate cuts and liquidity operations put in place around the world over the last year may [...]
October 7, 2009
Tags: Aussie loans rates, consolidate debt loans, G20, home loans, Loan calculator Posted in: Uncategorized No Comments
0% credit loans deals are slipping away
Long term loans 0% deals and fees free deals are on the decline. New research on credit cards last week made for some grim reading. While it did suggest that the number of balance-transfer deals with no fees are rising, unfortunately, it didn’t mean 0% balance transfer deals, because there are currently no cards that [...]
October 6, 2009
Tags: home loans, Loan calculator, loans, loans rates, UK loans rates Posted in: Uncategorized No Comments
Britons pay off £7bn of home loans, says Bank of England
Britons reduced their home loans mortgage debt by £7bn during the second quarter of the year, according to the Bank of England. Recent falls in house prices and the economic downturn have put people off taking money out of their property, leading to equity withdrawal being negative for the fifth quarter in a row The [...]
October 5, 2009
Tags: Bank of England, consolidate debt loans, Credit Crunch, home loans, Loan calculator, loans, mortgage calculator Posted in: Uncategorized No Comments
