With an astounding example of inappropriate timing, the UK’s Council of Mortgage Lenders (CML) yesterday announced that the equity release sector should be encouraged to grow by the government. Equity release schemes are designed to homeowners to release cash from the current value of their property – in other words equity release is a...
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All eyes at the bourses in Europe will be on Santander on Monday morning. With confidence in the banking sector at all time low it seems that the Spanish bank has slipped up badly by allowing its British owned Abbey to offer an insane portfolio of mortgage offerings. Sometimes you just know that there’s...
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A trade group for real estate agents on Tuesday lowered its forecast of 2007 existing home sales for the seventh straight month, predicting a drop of 8.6 percent from last year. The National Association of Realtors’ revised monthly prediction calls for U.S. existing home sales of 5.92 million in 2007, down from 6.48 million...
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With the announcement that HMV are selling their Japanese business to DSM Investments for $140 million stock in the company jumped 6.5 percent to 130 on Monday, after making steady gains through the previous week. With all eyes on sales in its Waterstones division after the launch of Harry Potter, noting that over the...
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According to Investment news … During the point of maximummarket turmoil earlier this month, the Daily Mail reassured us all. TheUK property market is not like the US market: there has been no boom inbuilding and so there will be no UK property market crisis, itsuggested. And yet many, including the IMF, ABN Amro...
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