After graduating from university, John managed to secure a well-paid job as an IT manager on £35,000 a year. He has a deposit of £15,000 for his first house, which is valued at £100,000. However, after being turned down by a high-street lender, John discovered that there was a problem with some CCJs registered against his name. On further investigation he discovered these related to unpaid utility bills during his time in student digs.
The cebr says that the release of the figures from HBOS implying that UK house prices rose by 5% in October (which the Monetary Policy Committee had at the time of their interest rate decision) helps explain why the MPC didn't cut rates in November. Cebr data (and that from the Land Registry) suggests that […]
Skipton Building Society has launched a new mortgage for borrowers wanting to invest in the property market. The residential buy-to-let mortgage has a discount of 1.30% in the first year, offering an initial rate of 4.40%, with flexible features and no compulsory insurance. The deal reverts to variable rate in year three and is available […]
In September 2002, it is estimated that 16,900 dwellings were started in Great Britain compared with 15,400 in September 2001. Completions of dwellings were estimated at 14,500 in September 2002 compared with 13,300 in September of the previous year. In the latest three months 49,300 dwellings were started, up 5% on the same three months […]
Peter Burt, HBOS deputy chairman, will retire from the group with effect from 6th January 2003. Burt, 58, has been overseeing the group's integration process. A HBOS spokesman says: “The main elements of that process are now in hand, the senior management team is in place, branch integration is underway in Scotland and all the […]
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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