The latest news that energy and food prices are dropping rapidly in the UK will put pressure on the Bank of England’s monetary policy committee (MPC) to hold off any increase in rates the next time it meets. This is likely to push house prices further through the roof. Homebuyers desperate to get into...
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Latest figures from the UK show that the housing market is defying all expectations and once again surging forward. At the same time over in the US property prices are slowing down in some sectors and going into reverse in others. The UK government Department for Communities and Local Government (DCLG) said prices rose...
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Latest figures from Australia show that despite one of the highest bank rates in the OECD, they are still keen to borrow more. HOME loan approvals increased again in July, as jobs growth, rising wages and tax cuts allowed people to borrow more. The news is further evidence that the May interest rate rise...
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This week’s cover of Business Week asks the question ‘How toxic is your mortgage’. The article centres on the recent usage and promotion of ARMs to buyers in the USA as a way to cheap deals. Unfortunately many customers are now finding that what was originally a promise to help them get a foot...
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Memo to Bank of England – 31st August 2006 Today the Nationwide building society announced yet more sharp increases in house prices in the UK. The Nationwide noted that the recent increase this month by the Bank of England had little or no effect in cooling the property market. Nationwide, the largest building society...
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