Posts Tagged ‘new’
Northern Rock to launch 90% LTV mortgage range
Crisis-torn lender, Northern Rock, is understood to be launching a series of mortgage products which require just a 10% deposit (90% loan-to-value). The announcement, revealed by the Financial Times, comes as mortgage lending continues to remain subdued as first-time buyers, in particular, struggle to obtain a mortgage unless they have a substantial deposit. Since the [...]
US new home sales in sharp decline in January
The Commerce Department has today revealed a sharp fall in sales of new homes in the US for the month of January. According to the Commerce Department, new single-family home sales fell 12.6% on a monthly basis to an annual rate of 248,000 units. On an annual basis, January sales were down 18.6%. However, the [...]
London Stock Exchange revamps website for private investors
The London Stock Exchange (LSE) has launched a new website aimed at better addressing the needs of private investors and the retail community generally. The portal now includes: New data on International markets and share of trading. Daily news updates through live newsfeeds from Dow Jones and Digital Look. A personal finance news page that [...]
Default retirement age to be scrapped from October 2011
A shake-up of the retirement system will see the default retirement age scrapped in the UK from October 2011.
Under new Government proposals to be unveiled later today, employers will no longer have the legal right to terminate the employment of a 65-year-old.
Charities such as Age UK and activists have welcomed the new proposals as [...]