Posts Tagged ‘value’
Long-term value of euro could be hit by IMF involvement in Greece bailout
Last week, a deal was reached to help Greece manage its debt crisis, following the two-day EU summit, which was held in Brussels.
The news meant the euro recovered from a 10-month low, which will see a rescue package total €22 billion (£20 billion) and will include help from the International Monetary Fund (IMF).
So far [...]
Mortgage fraud threat as economy recovers
The full extent of UK mortgage fraud in the lead up to the credit crisis is probably as yet unknown and signs of economic recovery have prompted the National Fraud Authority (NFA) to remind lenders that they must continue to combat the crime.
According to the NFA, almost £144 billion was loaned in mortgages in 2009, [...]
New mortgage lending plummets
There were 49% fewer house purchase loans approved in January than in December, the Council of Mortgage Lenders (CML) has reported.
According to the body, the steep decline “emphatically demonstrates” the impact of the end of the stamp duty holiday, in December.
First-time buyers recorded the largest drop among house purchasers: in January, approvals were down to [...]
Equity release holding steady
The UK’s equity release market held steady in the final quarter of 2009, taking into account seasonal factors.
According to industry body, Safe Home Income Plans (SHIP), volumes declined by 1.9% on the previous three months while the value of the average advance showed a 4% increase.
With more homeowners seeking flexible deals, the number of drawdown [...]