The Bank of England sparked applause in financial markets and relief among homeowners across the country today when it cut interest rates for the second time this year and the third in five months. Gary Duncan, Economics Editor, The Times – 10 April 2008 The quarter-point cut in borrowing costs follows earlier cuts in February [...]
Several of Britain’s top lenders cut their variable lending rates by 25 basis points on Thursday, matching a move by the Bank of England to pass on some relief to homeowners facing a jump in mortgage costs. LONDON, April 10 (Reuters) HBOS (HBOS.L: Quote, Profile, Research), Barclays (BARC.L: Quote, Profile, Research), Lloyds TSB (LLOY.L: Quote, [...]
The Bank of England is under intense pressure to cut interest rates again tomorrow after house prices fell by the biggest margin since the early 1990s crash and ministers tried to prevent a spate of repossessions. Philip Webster and Grainne Gilmore, The Times – 9th April 2007 Gordon Brown insisted that the latest falls — [...]
Losses from the credit crisis by financial institutions worldwide are expected to balloon to almost $1 trillion (£507 billion), threatening to trigger severe economic fallout, the International Monetary Fund said yesterday. Gary Duncan and Suzy Jagger, The Times – 9th April 2008 In a grim assessment of the deepening crisis delivered days before ministers from [...]
Banks have tightened their criteria for buy-to-let loans. Paul Farrow suggests some handy tips on how to get your houses in order Owning a second property used to be a sure-fire way to make money. Until recently, the wannabe amateur landlord – spurred on by a plethora of property makeover programmes that made making money [...]
EVENT VENUE DATE Property Investor Show, NEC Birmigham Property Investor Show, NEC Birmigham 11-13 April 2008 – Following its acclaimed launch in 2007, we are delighted to present an expanded Property Investor Show to a Midlands-based audience at the NEC Birmingham – Europe’s busiest exhibition venue – for a second successive year. The show will [...]
To Tardy Tradesmen Aspect Maintenance aims to turn bad reputation of property maintenance industry on its head- A recent YouGov survey[i], sponsored by leading London-based property maintenance company, Aspect Maintenance (www.aspect-maintenance.co.uk), has uncovered that over thirteen million working hours are lost in London each year[ii], while company employees wait in for property maintenance engineers to [...]
Almost one year on from its introduction, 40 per cent of UK landlords are still unaware of the Tenancy Deposit Scheme (TDS) leaving them at risk of committing a civil offence and being forced to pay tenants three times the deposit amount. The Tenancy Deposit Scheme was introduced by the Government on April 6th 2007 [...]
For commercial landlords with tenancies created under the Landlord and Tenant Act 1954, the imminent introduction of the Tribunals, Courts and Enforcement Act 2007 (“the Act”) is set to have an effect on the way in which they recover any rent arrears. The new procedure which has been introduced in order to comply with the [...]
Many property professionals will be familiar with arbitration clauses. In the past these used to be relatively popular but, with the advent of Tenancy Deposit Protection and the end of the TDSRA scheme their usage has tended to fall away. This is unfortunate, as when dealing with higher value claims a well crafted arbitration clause [...]
