Night Tube series: Top six areas in London to buy a house along the Northern Line September 23, 2015 Stretching out from the very north of London to the very south, the Northern Line is one of the Tube's most comprehensive – and oldest – on the Underground. The track between Stockwell and Borough opened in 1890, making it the longest-surviving deep-level Tube line on the network. In addition to the Night Tube, it [...]
UK housing market: Interest-only home loans going out of fashion as take up slumps, say Council of Mortgage Lenders September 22, 2015 Warnings that interest-only mortgages are a “ticking time bomb” appear to be filtering through to the market, with figures out yesterday showing a 16 per cent drop in the number of such loans outstanding. A quarter of the reduction is the result of loans reaching maturity and being redeemed while a further 40 per cent [...]
Interest-only loans are going out of fashion, as number of current loans drop 16 per cent September 22, 2015 Repeated warnings that interest-only mortgages are a "ticking time bomb" appear to be filtering through to the market, with figures out this morning showing a 16 per cent drop in the number of such loans outstanding. A quarter of the reduction is the result of loans reaching maturity and being redeemed while a further 40 [...]
UK house prices: Rightmove says the average London home could cost £1m by end of the decade September 21, 2015 London house prices are climbing at such a rapid rate that the average price could hit £1m by 2020. In news that will buoy homeowners but frighten Londoners with ownership aspirations, house prices in the capital jumped 2.2 per cent this month compared with August, according to figures published today by property website Rightmove. [...]
Rugby World Cup 2015: All Black is the colour as first match England v Figi kicks off tonight September 18, 2015 For the first time in 24 years, New Zealand have arrived for a Rugby World Cup as champions, finally able to bat away the ‘choking Kiwi’ tag that has haunted them for almost three decades. While England are a tempting bet at 9/2 with Sportingbet, it appears that the only chink in the formidable [...]
UK house prices are set to go through the roof, with the fastest growth in London September 18, 2015 House prices are growing at a robust pace this month while mortgage lending has surged as the housing markets heat up. Estate agent Knight Frank’s house price sentiment indicator today scored 59.3 for September, with scores above 50 indicating price growth. The fastest current growth is in London. Households’ overall expectations of [...]
Four reasons why the Fed should not postpone a rate hike September 17, 2015 The probability of the US Federal Reserve ending seven years of near-zero interest rates September is stronger than is generally believed. While there is no perfect timing for the tightening monetary policy, several arguments confirm that the Fed is able to begin this month if it so desires. Here are the four we can see: The [...]
US interest rate rise 2015: What will a Fed hike mean for global markets? September 15, 2015 The US Federal Reserve, after months of speculation, will announce on Thursday whether or not it is to raise its benchmark interest rate for the first time in nine years. Experts have questioned whether the US, and the world, is ready. Even the IMF has called for a delay. Unemployment in the States [...]
Pros and cons of selling your house using online-only estate agents – CNBC Comment September 15, 2015 I’ve recently moved home and I don’t need to remind you of how much of an ordeal that can be. The story ends well but not without the usual bouts of anxiety, stress and emotional trauma. In January, I opted to pay a flat fee of around £800 (including tax) for the services of [...]
Sunderland v Tottenham: Spurs ready to pick up first win of the season at Stadium of Light September 10, 2015 Odds-on for relegation in September, Sunderland’s time in the top flight looks to be coming to an end after years of struggle. We’re only four games in to the campaign but this particular projection doesn’t seem premature. Already bottom of the table, the Mackems look woefully short on quality and the signings they made in [...]