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Archive for the 'Recession' Category

HSBC warns bank break-up

HSBC boss Stephen Green warns the crisis is 'far from over'

HSBC warns new regulations could break up banks The HSBC's chairman, Stephen Green, warned that the likely structure of the proposed Basel III accord on banking risks "overly gold-plating" investment banking capital requirements. He also said that the proposed "net stable funded ratio" system of governing liquidity as part of the next stage of the Basel regulations ...

posted by Zane in Lending,Mortgage,Recession and have No Comments

How to increase home equity

Ways to increase home equity

Today we discover the easiest ways to increase home equity. Learn how to take some simple steps for any homeowner and increase the equity in there home. Just to define equity from the outset, it is the difference between the value of the home and the amount of debt. Most property owners long for the moment when ...

posted by Zane in Buying,Guide,Home,Lending,Mortgage,Recession and have No Comments

House prices continue recovery

House prices continue to go up in price

Many felt the election would effect house prices, but early signs reveal this is not the case. The House market has continued to show good recovery in May regardless of the election results. £237,134 is now the average asking price on according to Rightmove property web site. Sellers surprisingly haven't been idle during the election. Figures show that ...

posted by Zane in Buying,Estate Agents,For Sale,Guide,Houses,Property,Recession and have No Comments

Bank rates set to rise

Bank rates look set to rise

Bank rates look set to rise in the coming months It looks likely the Bank of England will need to raise rates to control inflation and thereby encourage growth and recovery. Cameron said economic growth cannot be restored in Britain without getting the record budget deficit under control, after he became prime minister earlier this month after ...

posted by Zane in Houses,Lending,Mortgage,Recession and have No Comments

Rightmove : Broken housing market

Rightmove reports the property market is in a mess

Rightmove reports the housing market is broken as it reveals the market has a mountain of unsold stock. The reason Rightmove provide is due to a growth in new sellers coming to the market and a strong demand due to the mortgage drought. This has led agents being stuck with a stock pile of unsold properties. It ...

posted by Zane in Buying,Estate Agents,Flats,For Sale,Home,Houses,Property,Recession,Rightmove and have Comments (2)

House prices set to Rocket or Plummet

Rocket or Plummet

A very interesting report in the Times looked at how things may turn out in the coming months for UK property with the latest political changes. The articles expressed that one of the greatest challenges the new coalition Government faces is to make sure that pessimistic predictions about the housing market do not come true. Allowing ...

posted by Zane in Buying,Home,Housing,Lending,Mortgage,Property,Recession and have No Comments

Right move co uk Record

Rightmove Record

It seems that things are a changing at right move co uk as they hit an outstanding record last month. The number 1 UK property website continued to break traffic records on 6th April 2010. Some have wondered whether new websites like Sarah Beenys Tepilo or Zoopla would take away the hold from property website Rightmove.co.uk, but ...

posted by Zane in Estate Agents,For Sale,Houses,Property,Recession,Rightmove and have Comments (3)

Borrowing is getting easier in 2010

Borrowing is getting easier

Borrowing is getting easier according to the figures released by The British Bankers’ Association Their report will reveal mortgage approvals rose to 39,000 in March from 35,276 in February. Most areas are now seeing a rise in prices particularly in the North, North-west, Scotland, Wales and Humberside areas. According to The Nationwide Building Society house prices rose 0.5 ...

posted by Zane in Buying,For Sale,Guide,Mortgage,Property,Recession,Renting and have No Comments

Pre-election house prices up – Rightmove

right move report

Rightmove the largest UK property web site reports that house prices continue to rise. With the election approaching this has not dappened the market in any way. Asking prices in April increased by 2.6 per cent on the average property, thats almost £6000 compared with March. Prices are running 6 per cent higher than in ...

posted by Zane in Estate Agents,For Sale,Guide,Houses,Housing,Mortgage,Property,Recession,Rightmove and have Comment (1)

High-end property ahead, Low-end behind

Estate agents claim Lower-end is faring a lot worse than high-end property

Estate agents claim Lower-end is faring a lot worse than high-end property High-end property is doing better than the lower-end, according to many estate agents. 6 months back yourrightmove.co.uk reported that this would be among the predictions for 2010 property changes. So why is this change occuring? Supply demand is the main cause. With many looking for ...

posted by Zane in Buying,Estate Agents,For Sale,Home,Houses,Property,Recession,Rightmove and have No Comments