House price gains set to be wiped out July 18, 2010 ALL the gains seen in property prices over the past six months will be wiped out by the end of the year, thanks to more aggressive pricing and an increase in the number of houses coming on to the market, property website Rightmove will say today. The forecast forms part of its monthly survey of [...]
House price gains set to be wiped out July 18, 2010 ALL the gains seen in property prices over the past six months will be wiped out by the end of the year, thanks to more aggressive pricing and an increase in the number of houses coming on to the market, property website Rightmove will say today. The forecast forms part of its monthly survey of [...]
Q&A: SELLING June 3, 2010 Russell Hunt MANAGING DIRECTOR, PROPERTY HUNT Q. Dear Russell, is it easier to get a mortgage now and what’s the best way for me to go about getting one? A.It is certainly still difficult for individuals to get a mortgage but lending is starting to pick up. However, mortgage lenders are tending to be more [...]
Aldermore to deliver profit June 28, 2010 ALDERMORE, Britain’s first private equity-backed bank, expects to turn a profit this year, less than 18 months after it began lending to small businesses and entrepreneurs. The institution, which is owned by buyout house AnaCap and investment bank Morgan Stanley, is eyeing a small gain after its commercial mortgages, asset finance and invoice finance arms [...]
Aldermore to deliver profit June 28, 2010 ALDERMORE, Britain’s first private equity-backed bank, expects to turn a profit this year, less than 18 months after it began lending to small businesses and entrepreneurs. The institution, which is owned by buyout house AnaCap and investment bank Morgan Stanley, is eyeing a small gain after its commercial mortgages, asset finance and invoice finance arms [...]
Car production sees 90pc rise in March as confidence rises April 22, 2010 LENDING to British firms fell at a slower pace in February than January but still recorded the second biggest annual percentage drop since records began, figures from the Bank of England (BoE) showed yesterday. There was better news for the housing market, however, with mortgage approvals rising for the first time since November and lenders [...]
Flow of lending to UK firms remains weak, warns BoE April 22, 2010 LENDING to British firms fell at a slower pace in February than January but still recorded the second biggest annual percentage drop since records began, figures from the Bank of England (BoE) showed yesterday. There was better news for the housing market, however, with mortgage approvals rising for the first time since November and lenders [...]
Mortgage approvals hit nine-month low March 29, 2010 MORTGAGE approvals slumped to their lowest level in nine months in February, lending data from the Bank of England showed yesterday, providing further evidence that the recovery in the housing market may be running out of steam. The number of mortgages approved fell for the second consecutive month to 47,094 – the weakest since May [...]
THE WEEK AHEAD March 28, 2010 IN the first of two short trading weeks in Britain, domestic economic data remains thin on the ground. Monday sees the release of some consumer credit data, broad money lending and mortgage approvals at 8.30am. On Tuesday, the third revision to fourth quarter GDP data could raise an eyebrow but no change is expected. We [...]
Credit is becoming easier to obtain March 22, 2010 THIS column has been quite gloomy about Britain’s prospects in recent months, and will be even more so for the remainder of this Budget week. So here is a positive story for a change: it is clear that credit is becoming steadily more available, albeit at a higher price than in the bad old days. [...]