European mortgage legislation threatens to exert a ’Jack-in-the-box’ effect on the UK, where rules that might work on the Continent give rise tonasty surprises for the British market
The number of unemployed people in the UK fell by 51,000 to 2.6 million for the three months to April, figures from the Office for National Statistics reveal.
I did say I wasn’t going to mention Europe again as I am sure we are all getting bored with it, although as I was finishing this article I got a tweet saying Spanish 10-year yields have broken through 6.9%, with Italian yields tracking them at 6.3%.
The Welsh assembly is considering a parallel 95% LTV mortgage scheme for new-build properties to those in place in England and Scotland.
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
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