News archive for April 2008

  • Surveyors warn on Home Reports Apr 01 2008

    The introduction of Home Reports later this year could have an adverse impact on Scotland's property market.

  • Growth slows while expectations improve Apr 01 2008

    Scottish business seems increasingly optimistic about the future despite a broad based slowdown in the economy.

  • Small lenders hit by credit crunch Apr 01 2008

    In the meantime, however, homeowners may find it more difficult to get a mortgage and may find that their mortgage costs them more.

  • Bank pledges more support Apr 01 2008

    Mervyn King, the governor of the Bank of England, told a committee of MPs last week that the Bank would provide more liquidity to the financial sector if required.

  • IMF bets against recession Apr 15 2008

    As the press report ever-darkening moods among experts and economists, the International Monetary Fund threw its hat into the ring late last week.

  • Mortgages in the news Apr 15 2008

    The fluctuating nature of the mortgage market continued to generate news last week, with the final 100 per cent mortgage withdrawn by Abbey on Tuesday.

  • Scotland escaping the worst? Apr 15 2008

    With apocalyptic news reports dominating the media, there's no doubt that in many parts of the UK, house prices are turning downwards, but the reports and data currently being released for Scotland continue to show a much more stable situation compared to the traditionally more volatile English housing market.

  • Interest rates cut to 5 per cent Apr 15 2008

    Fulfilling the predictions of most pundits and analysts, the Bank of England last Thursday announced a drop in interest rates of 0.25 per cent.

  • Tracker mortgages gaining ground Apr 22 2008

    Tracker mortgages are seeing a boom in popularity, suggesting that homeowners and buyers are increasingly confident that interest rates will fall in the near future.

  • Unemployment dropping Apr 22 2008

    With talk of recession in some quarters, the Office for National Statistics picked an opportune moment to announce that unemployment fell slightly for the three month period up to February.

  • BoE to support intra-bank lending? Apr 22 2008

    Is the Bank of England about to step in with a major intervention in the financial markets? Rumours of a move by the Bank to improve liquidity have been circulating for days.

  • Scotland still bucking national trend Apr 22 2008

    Once again, evidence from the RICS (Royal Institution of Chartered Surveyors) suggests that the property market in Scotland is doing better than the market south of the border.

  • New TV series looks for home improvers Apr 29 2008

    A new TV series due for broadcast this autumn on Channel 5 is looking for homeowners who would like expert advice on how to make the most of their home improvements.

  • Scottish legal system will protect property market Apr 29 2008

    Scotland's missives based house-buying system will protect the property market from the woes affecting the rest of the UK, according to a group of Edinburgh based solicitors.

  • Buy-to-let investors stay calm Apr 29 2008

    Just two per cent of buy-to-let landlords are planning to sell property when the current leases run out according the RICS (Royal Institution of Chartered Surveyors).

  • £50 billion bank deal to ease mortgage lending Apr 29 2008

    As expected, the Bank of England announced a major intervention in the banking system last week, allowing mortgage lenders to swap some of their mortgage assets for what is effectively cash.

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