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RICS says rate rise will help to cool housing market

The Royal Instiutution of Chartered Surveyors welcomes the Bank of England’s decision to raise interest rates by 1/4% to 5.0%.

Milan Khatri, RICS chief economist, says: “By acting in a timely manner, the modest rise in interest rates will help to cool the housing market but at the same time promote wider economic stability and prevent inflation pressures building.

“House price figures from the Halifax confirm that the market has shrugged-off the August interest rate hike with property price inflation at close to a double digit pace (for the year to October prices rose 9.7%), more than twice that of wages.

“Today’s interest rate rise, together with possibly one more in early 2007, should help to produce a “soft-landing” for the housing market, giving rise to a more stable market environment for buyers.”


Consumer debt spiral begins to slow

Consumer debt is growing at its slowest rate for 13 years, according to figures from Alliance & Leicester’s Borrowing Monitor. The latest figures for consumer borrowing other than for the family mortgage reveal that the growth rates recorded in recent years are reversing. The statistics show that borrowing has slowed to just 1.4% a year […]

Time we all stood up to the industry bullies

It is not very often that I have to issue health warnings to intermediaries, but a couple of situations have arisen this week that force me to do so. My warning is to choose product provider partners with care.

Amber releases new products

Amber Homeloans has launched several new products throughout its range.The new offers range from near prime through to super heavy adverse, as well as the buy-to-let, adverse buy-to-let, and prime self-certification ranges.The heavy adverse is available up to 85% LTV, with two-year discounted rates. Up to £15,000 CCJs, and four missed mortgage payment in the […]

Freedom is a fast-rising star

Freedom Finance has risen to a ranking of 294 among the fastest-growing European companies featured in the 2006 Europe’s 500 Listing, the annual league table of high growth companies that is published by Europe’s 500.

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations


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