News
Young property tycoon declared bankrupt
A property mogul who was once ranked sixth on the Sunday Times Young Rich List has been declared bankrupt after his property business folded last year. The Yorkshire Post reported that a bankruptcy order has been filed against Simon...
14th October, 2009 • more >
Further lending growth predicted
The regulatory pressure placed on lenders to improve their capital positions is likely to see mortgage lending continue to grow over the coming year, according to the Association of Mortgage Intermediaries (AMI). In its latest Quarterly Economic...
13th October, 2009 • more >
Base rate set to stay low
The Bank of England base rate has been predicted to remain at its historic low of 0.5% for at least all of next year and still be below 2% in 2014, according to the latest forecast from the Centre for Economics and Business Research (cebr). The...
12th October, 2009 • more >
Light at the end of the tunnel for finance firms
Hopes of an economic recovery have been raised by news that the financial organisations have seen a net rise in business levels for the first time in two years. In the latest Financial Services Survey conducted by the CBI and PricewaterhouseCoopers,...
6th October, 2009 • more >
Liquidity regulation unveiled
The Financial Services Authority (FSA) has unveiled its overhaul of UK liquidity regulation. The overhaul has been devised to enhance the liquidity of financial services firms and act on the lessons learnt from the credit crisis, which began in...
6th October, 2009 • more >
Chief Economist's Weekly Brief 5-10-09
Economies across the world are seeing signs of the end of recession and a nascent recovery. Output is rising, confidence is up and asset prices appear to be recovering. But a return to growth is not straight forward. Unemployment is still rising in...
6th October, 2009 • more >
Call made for buy-to-let regulation
The buy-to-let sector should be responsibly regulated by the Financial Services Authority in a bid to crack down on reckless lending, the British Property Federation (BPF) has said. Buy-to-let mortgages are treated in the same way as a business...
5th October, 2009 • more >
Interest Rates and Exchange Rate Outlook
UNITED KINGDOM: It looks as though the recession will "officially" be declared over in Q3 as the economy appears on course to record positive growth for the first time since Q1 2008. Q2 GDP was...
5th October, 2009 • more >
House prices at 2008 level
The upward momentum in the housing market that has been in evidence in recent months has seen house prices revert back to the level they were a year ago. Prices in the property market rose for the fifth consecutive month in September, increasing by...
5th October, 2009 • more >
Davenham future in doubt as group posts £55m loss
Manchester-based specialist lender, Davenham Group, has admitted that its prospects are bleak as it posted a pre-tax loss of £55.4 for the year to June 30. The jump in impairment charges from £3.8 million in the previous year to...
2nd October, 2009 • more >