House prices edge down in January February 6, 2013 UK house prices inched down 0.2 per cent in January following rises in November and December, according to the latest Halifax house price index. On an annual basis, house values rose by 1.3 per cent, marking the first rise in 27 months, according to the lender. “Market activity has also improved with sales in 2012 [...]
UK house prices tick up in January January 31, 2013 UK house prices edged up in January, boosted by the Funding for Lending scheme, mortgage lender Nationwide said this morning. According to the lender, house values ticked up 0.5 per cent in January, although values were flat year on year, avoiding a decline for the first time since February. The typical UK home is now [...]
New lending scheme fails to boost small businesses January 30, 2013 EFFECTIVE interest rates on new deposits have dived from 3.01 per cent in August, when the Funding for Lending Scheme (FLS) started to provide banks with cheap funds, to just 2.11 per cent in December, the Bank of England revealed. But the cheaper funds have started to divert cash back into the mortgage market, the [...]
Crest Nicholson plots return to London market January 21, 2013 UK HOUSEBUILDER Crest Nicholson is to return to the stock market nearly six years after it was taken private at the height of the housing market crash. The 50 year-old company, which builds homes mainly in the south of England, said it plans to raise £50m from the listing of new shares to pay down [...]
Timeline: A journey back to the markets January 21, 2013 1963 Crest Homes founded by Bryan Skinner 1968 The housebuilder floats on the London Stock Exchange 1972 Crest buys Camper & Nicholsons, the leading yacht maker, and changes name to Crest NicholsoN 1983 Skinner retires and the company starts to sell-off its non-housing businesses 2005 Stephen Stone appointed chief executive of the company 2007 Crest [...]
Mortgage market is stagnating well below pre-crisis peak level January 21, 2013 MORTGAGE lending barely budged in 2012 despite hopes that the economy could be recovering and government-led efforts to improve credit conditions, the Council of Mortgage Lenders (CML) revealed. Total lending came in at an estimated £143bn for the year as a whole, hardly up on the £141bn recorded in 2011. But the industry body estimates [...]
Mortgage lending forecast to rise by nine per cent January 21, 2013 Mortgage lending will hit £156bn this year as lenders face fewer funding pressures, the Council of Mortgage Lenders said today. This marks a jump of nine per cent from last year’s £143bn total, and £141bn the year before that, according to figures released today. Bob Pannell, chief economist at the CML, said today that it [...]
Lenders report rise in number of home loans January 16, 2013 MORTGAGE loans ticked up in November, an influential group of lenders said yesterday, with a rise in the number of first-time buyers providing a welcome boost to the figures. The number of loans for house purchases grew by six per cent in the penultimate month of 2012, the Council of Mortgage Lenders (CML) found. Mortgages [...]
Great value mortgages are making their way to market January 13, 2013 A BLEAK wider economic picture has made the mortgage market difficult in recent years. Nonetheless, mortgage lending is set to expand by 8.3 per cent in 2013, according to the Council of Mortgage Lenders (CML). And since the Funding for Lending credit easing scheme was introduced last summer, there has been an increase in the [...]
Bullish Chinese data sends US shares upward January 10, 2013 US stocks rose yesterday and the S&P 500 ended at a fresh five-year high as stronger-than- expected exports from China spurred optimism about global growth prospects. Buying accelerated late in the day after the S&P 500 broke through technical resistance at 1,466.47, which was the market’s closing level last Friday and the highest level since [...]