Archive for October, 2008
House Prices to Recover in 2013
BBC.co.uk is reporting that house prices won’t get back to where they peaked in 2007 until 2013. The source of their information, the Centre for Economics and Business Research (CEBR), is also predicting prices will fall another 25% by the end of 2009 and then level off.
If this forecast is correct, this means that we [...]
Mortgage Fraud Double in Last Year!
IFAonline.co.uk is reporting today, that Mortgage Fraud has increased 100% in the last year as a result of increased cases of identity theft and the lax lending criteria of recent years.
Some interesting stats:
The amount of funds paid out to lenders on fraudulent purchases rose from £2m in 2006/2007 to £4m in 2007/2008.
Up to 60,000 UK properties [...]
Whoops. We meant to say: Dividends Will Be Paid!
A follow up to our previous post, the Government has moved to ’clarify’ it’s position after yesterday’s fallout over the bail-out. Whereas on Monday, the Treasury announced Dividends would not be paid out to shareholders until Government funds were re-paid…. This is now no longer the case:
UK Government To Clarify Bank Dividend Plan-BBC Peston - CNN [...]
British Bank Bail Out at Tax Payers Expense?!
Unless you spent your weekend under a rock, you would have heard about our Government’s rescue plan to our banks.
As I sat down this afternoon to disect the issue, I first read through my bookmarks and came across this little doozy from the Money Hospital. They do a great job of breaking down the plan and [...]
Interest Rate Cuts - Everybody’s doin’ it…
If they all jumped off a bridge….
The Bank of England, along with 5 other Central banks dropped rates today in an unprecedented move aimed at stablising the faltering global economy. This decision in the UK was not expected until tomorrow, so the .5% drop came as a surprise. The Bank of England rate now sits [...]