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Recent Posts
- 12 Contemporary and Stylish Black Residences
- Bank lending to contract as financial crisis bites
- Shocking scale of UK personal debt uncovered
- Many landlords paying too much tax
- Newcomers piling into buy-to-let, says mortgage firm
- Little tenancy demand – but landlords still chase Olympic gold
- Rental rises are just hype in most places; warning
- 12 Fantastic Tree Houses From Across The World
- Surprise reduction in household debt over Christmas
- Investors warned to not rush into newly-floated companies
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News Archive
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Bank lending to contract as financial crisis bites
The Ernst & Young ITEM Club Outlook for financial services predicts that the real effect of the ongoing funding crisis in the banking industry will begin to be seen, as overall bank lending contracts for the first time since 2009. SMEs, commercial real estate and personal customers who fall outside of standard credit terms will [...] -
Shocking scale of UK personal debt uncovered
The uncertain economic outlook continues to play on the mind of the UK consumer as households struggle with some of the highest levels of debt in the world. That is the finding of PricewaterhouseCooper’s annual report on the UK consumer credit industry "Precious Plastic 2012". Levels of unsecured borrowing fell for the third successive year [...] -
Many landlords paying too much tax
A group of lettings experts, The Landlord Syndicate, has warned that landlords could be clobbered with a higher tax bill than anticipated. One member, Amer Siddiq, managing director of Tax Insider, said: “Over the last few years, the buy-to-let market has grown substantially, and with it, many landlords have been able to profit from the [...] -
Newcomers piling into buy-to-let, says mortgage firm
Buy-to-let returns are on the up – and new landlords are piling into the sector. According to Knight Frank agents, the average annual yield nationally was 5.4% last year – compared with a FTSE All-Share index yield of 3.8%. In separate research, the website FindaProperty says that in Greenwich, London, yields are 10.2% and in [...] -
Little tenancy demand – but landlords still chase Olympic gold
Landlords hopeful of hitting gold in the Olympics by charging four times normal rents are continuing to inundate letting agents. Many are making it clear that they are prepared to turf out existing tenants in their pursuit of cashing in on the Games bandwagon. Shelter has expressed its serious disquiet. There are also reports of [...] -
Rental rises are just hype in most places; warning
Despite much hype, rental levels in many regions are still not back up to those of 2008. The claim has come from Belvoir managing director Dorian Gonsalves, whose firm has been measuring rents for four years. Gonsalves said: “The Belvoir Lettings Index has been running since March 2008 and during this time we have seen [...] -
Surprise reduction in household debt over Christmas
Money education charity, Credit Action has released its February statistics detailing the level of debt in the UK. Headline data include: * £55,823 is the average household debt including mortgages, and £7948 is the average household debt excluding mortgages (December); * £29,547 is the average amount owed by every UK adult (including mortgages) (December); * [...] -
Investors warned to not rush into newly-floated companies
There is considerable hype building around the Facebook IPO – making it the most anticipated floatation in the technology sector since Google. But here, Sheridan Admans, investment research manager at The Share Centre, warns investors of the risks of investing in a newly-floated company… "As of 30 December 2011, 59% of all US IPOs that [...] -
Protect your property from fraudsters
Property is usually the most valuable asset people own. It can be sold and mortgaged to raise money and is therefore an attractive target for fraudsters. The properties most vulnerable to fraud are usually empty, tenanted or mortgage-free. Individuals at a higher risk of fraud include owners who are absent for whatever reason; for example [...] -
New euro zone bail-out warnings
There are renewed concerns today about the scale of debt in the euro zone, with the plight of Greece once again at the forefront of the crisis. It is reported in the Daily Telegraph that euro zone finance ministers have scheduled a meeting for Monday to consider Greece's euros 130billion second bail-out. There are fears [...]
