Archive | August, 2007
HBOS out in Front of mortgage lenders
Halifax (now HBOS) is often quoted as being Britain’s mortgage lender. What’s the score? By how much is it number one spot? According to figures from the Council of Mortgage Lenders, in 2006 HBOS had a gross lending amount of £73.2bn, which is an estimated market share of 21.2% - undoubtedly the market leader. This was [...]
Continue reading...Commercial property market
30. August 2007
The latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Forecast suggests that positive rental growth will help avoid a hard landing for the commercial property market. It is expected that commercial property will provide 8% as a return over 2007 as continued economic strength and rising capacity constraints encourage business expansion. In 2008 RICS expect [...]
Continue reading...Turbulent markets may delay rate rise
29. August 2007
While the world’s financial market are going through a turbulent period it is possible that it might mean some good news for the UK’s beleaguered home owners. The result may be a delay in the raising of the Bank of England’s base rate – though it may not prevent it completely. Soft manufacturing figures have eased [...]
Continue reading...The million pound house for first-time buyers
29. August 2007
How would you feel if you were a first-time buyer and you needed to find a million pounds to own your first home? Stroud & Swindon Building Society have calculated that that could well be the case in just 17 years time. As property price continue to rise unabated affordability will be pushed right out of [...]
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31. August 2007
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