Builders server £120 million writ on bank
Two men behind one of the biggest companies to go bust in the property crash have filed a civil suit against Ulster Bank at the Belfast High Court. Michael and John Taggart ran house builders Taggart Holdings which went into administration in October 2008. Michael Taggart has estimated that the company had debts of about [...]
February 10, 2011
Tags: Bankrupcy, banks, borrowing, Credit Crunch, home loans, Loan calculator, new home sales Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized 
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UK economy suffers 0.5% contraction official statistics show
The UK’s economy suffered a shock contraction of 0.5% in the last three months of 2010 official statistics show. The severe weather hit activity in the quarter, but the Office for National Statistics (ONS) said even if the weather impact had been excluded, activity would have been “flattish”. The figures are set to raise concerns [...]
January 31, 2011
Tags: borrowing, Credit Crunch, finances, new home sales, uk recession Posted in: Credit Crunch, Loans Calculators, Uncategorized 2 Comments
UK economy showing signs for optimisum
UK economic activity may be increasing- paving the way for a better loans environment. Construction activity grew in March for the first time since 2008 with an increase in housebuilding. Despite job cuts across the industry continuing at a sharp rate, a growth in new orders fuelled an upturn in construction activity and fresh optimism [...]
April 7, 2010
Tags: borrowing, Credit Crunch, Loan calculator, loans, new home sales, uk recession, unemployment Posted in: Uncategorized No Comments
UK home loans slowdown continues- Bank Of England
UK home loan approvals fell in February marking a continued slow start to the year in the UK housing market new Bank of England figures have shown. The number of mortgages approved for house purchases dipped by just over 1,000 to 47,094, the figures showed. This was the third consecutive monthly fall and came after [...]
March 29, 2010
Tags: Bank of England, home loans, Loan calculator, mortgage, mortgage calculator, new home sales, UK loans rates, uk recession Posted in: Uncategorized No Comments
Home loans demand is still quiet say bankers
UK home loans demand is still subdued according to the British Bankers’ Association (BBA). The rush to beat the stamp duty deadline last year has held back fresh lending in 2010. Its latest figures show that the number of mortgages approved in February by the big banks was 35,275, This was only slightly higher than [...]
March 24, 2010
Tags: home loans, mortgage calculator, new home sales Posted in: Uncategorized No Comments
Home loans up in February
Home loans lending increased in February as the fluctuation in the housing market continued, lenders have said. Gross lending for home loans in the UK rose by 6% in February compared with January to an estimated £9.2bn, the Council of Mortgage Lenders (CML) said. The figures come after a slowdown in January when housing market [...]
March 19, 2010
Tags: home loans, mortgage calculator, new home sales, uk recession, unemployment Posted in: Uncategorized No Comments
UK house prices fall confirmed
UK house prices recorded their first monthly fall since June with a 1.5% drop in February, the Halifax has said. The drop was caused by the end of stamp duty relief, the cold weather and more properties being put up for sale. The average home is now worth £166,857. The Halifax said that prices were [...]
March 4, 2010
Tags: Bank of England, home loans, house prices, Loan calculator, loans, mortgage calculator, new home sales Posted in: Uncategorized No Comments
New house slump hits markets
Worse than expected economic data offset strong results from corporate bellwether’s including Caterpillar, the world’s largest maker of heavy construction and mining equipment, to send the New York stockmarket tumbling. The Dow Jones industrial average was down 74.89 points at 10,017.3 points at 2.15pm. The drop came after new housing start figures for September fell [...]
October 20, 2009
Tags: consolidate debt loans, home loans, inflation, new home sales 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
Wall Street lifted by jobs data
Wall Street ticked higher in early trades as the latest report on jobless claims turned out to be better than expected and retail sales improved. The Dow Jones was up 62.13 points at 8,801.15 at midday in New York, the S&P; 500 was up 8.57 at 947.72, and the Nasdaq was up 11.48 at 1,864.56. [...]
June 11, 2009
Tags: new home sales, Oil, retail sales, unemployment Posted in: Uncategorized No Comments
