Latest CML figures
"Gross lending totalled Â£16.9bn in November, down 9% from October, the Council of Mortgage Lenders (CML) said". "It added that a "gentle trajectory" for the mortgage market would "calm" any concerns over the effect of a housing boom on the UK economy in general".
Oil glut wont last long
It's almost impossible to make money at these oil prices", Mr Allan, who is a director of Premier Oil in addition to chairing Brindex, told the BBC. It's a huge crisis. This has happened before, and the industry adapts, but the adaptation is one of slashing people, slashing projects and reducing costs wherever possible, and that's painful for our staff, painful for companies and painful for the country.
First Switzerland, next the world
Well, if Sterling starts strengthening seriously against the Euro, we could see this. Incidentally, it is penned as Central Bank Action, but in reality, they are like flags in the wind. The truth is that the demand to deposit money in Swiss banks is so high that there is no need the raise rates to meet demand for the currency. The central bank is merely responding to external forces, just as with Russia, where private swap rates for the currency rose in advance of the central bank rate rise. Central banks are not in control, they compete with the private sector for capital. Thus, what the BOE say may not match what they do if markets do not behave as they rarely do, which is why they always need a crisis story to explain fraudulent policy that changes with the wind.
The Next Election will Impact House Prices Going Forward
If inflation was stable then wages rising above inflation would be great maybe, but this article misses that there has been about 7 years of inflation going above wages!! So to speak about solely this year is meaningless. Wages are accelerating due to the amount of extra cash that has been pumped in because the extra cash eventually spreads out.
Will this prevent a slide of asking prices in London
"Santander this morning launched its lowest-ever 10-year mortgage pegged at 3.44% until 2024, aimed at home buyers able to stump up a 40% deposit....." Favourite areas like Hammersmith and Fulham have dropped significantly over the last 2 months, are their flat prices now set to continue their upward path?
One Man's Blessing is Another Man's Curse
"Inflation as measured by the Retail Prices Index fell to a five-year low of 2%, down from 2.3%" for comparison purposes. Lower energy prices benefit drivers on the UK forecourts as oil producing countries weather the storm of lower income for the same productive work. Among others, this will undoubtedly help some people struggling to pay their monthly mortgages.
Cameron loosing confidence in outright Tory win for 2015
Mail: First-time buyers under 40 to be offered 20% discount on 100,000 new homes starting next month
David Cameron will today announce that the 'Starter Home' initiative will be fast-tracked so potential buyers can register as early as January. Under the scheme, 100,000 houses will be built on so-called 'brownfield' land and reserved for sale only to young people buying their first homes.