News archive for September 2008

  • Savings outstrip stock market Sep 02 2008

    As people try to make the pounds in their pockets work harder, an interesting report has emerged suggesting that savings accounts yield more revenue than the classic stocks-and-shares investment vehicles.

  • UK getting connected Sep 02 2008

    Over the last year, 1.2 million people in the UK have joined the information superhighway, bringing the total number of households with internet access to 16.5 million.

  • Happiness lies in North Lanarkshire Sep 02 2008

    Detailed analysis of the recent British Household Panel Survey has turned up some unexpected results regarding the nation's happiness.

  • Mortgage overpayments continuing Sep 02 2008

    Another indication of the strength of the mortgage market came to us last week courtesy of new data conducted by ICM on behalf of Abbey Mortgages.

  • Buy-to-let holding strong Sep 02 2008

    Considering the mortgage market as a whole, the buy-to-let sector is proving especially resilient in the current climate.

  • Mortgage rates fall and approvals level out Sep 02 2008

    After a period of volatility, mortgage rates have returned to the levels they were at a year ago, before the credit crunch drove these rates up.

  • Oil price relief Sep 09 2008

    With the comparatively uneventful passing of Hurricane Gustav from the American coastline, the price of oil has fallen in recent days, bringing relief to the markets.

  • Tax relief for 20 million people Sep 09 2008

    On the subject of tax, it isn’t often that the population has cause to cheer the Inland Revenue, but that’s precisely what 20 million taxpayers will be doing over the next six months.

  • Stamp duty suspended under £175,000 Sep 09 2008

    There was some much-needed good news for the housing market last week, with the long-awaited announcement of a stamp duty suspension.

  • Interest rates held again Sep 09 2008

    For the fifth month in succession, the Bank of England held interest rates at five per cent last Thursday.

  • Parents ready to pay for homes near good schools Sep 16 2008

    A quarter of parents are willing to pay up to £50,000 more for a property to secure access to a top rated state school.

  • Homes selling faster in Scotland Sep 16 2008

    Scotland may not be immune to the impact of the credit crunch, but homes here are still selling faster than elsewhere in the UK.

  • Hopes of rate cut boosted Sep 16 2008

    Hopes for an early cut in interest rates were boosted by news that factory gate inflation - the price of goods as they leave the factory - is falling at its fastest rate since records began in 1986.

  • Landlords doing well Sep 16 2008

    Figures from the Association of Residential Letting Agents (ARLA) says that the sharp rise in rental demand has been the cause of an increase in rental returns.

  • US government boosts UK lenders Sep 16 2008

    UK lenders were given a massive helping hand last week by the US government when it effectively nationalised what everyone knows as Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corp).

  • Mortgage lending stablises Sep 16 2008

    Mortgage lending stablised in July according to figures from the Council of Mortgage Lenders (CML).

  • Market mayhem - but does it matter? Sep 23 2008

    The last seven days or so have seen some dramatic events in the market. But do they really matter and are things as bad as they seem, at least as far as the average homeowner is concerned?

  • Don’t lose your licence Sep 30 2008

    A new campaign has been launched by the body responsible for collecting the BBC licence fee, reminding home owners in the process of moving house that their licence is not transferable.

  • Sharp slow down for Scottish economy Sep 30 2008

    The Scottish economy is experiencing a sharp slow down according to the latest Lloyds TSB Scotland Business Monitor.

  • First time buyers still aim to own Sep 30 2008

    First time buyers still want to become home owners, but they have become more cautious about how quickly they will be able to get their first foot on the property ladder and what they can buy.

  • Builders get clean bill of health Sep 30 2008

    Britain's home builders are competitive and nine out of 10 buyers are satisfied with the quality of their new home; that is the conclusion of a year long study into the industry by the Office of fair Trading (OFT).

  • Rescue deal expected to go ahead Sep 30 2008

    The massive $700 billion intervention in the financial markets proposed by the US Government has run into opposition in Washington amid critical comments from voters that ordinary American taxpayers would be paying to rescue profligate and wealthy bankers.

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