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Archive for December, 2008

Will house prices really take a decade to recover?

Posted in Property News, tagged , , on December 23, 2008 | 2 Comments »

With reports out this week suggesting that the housing market is not set to recover for at least another 10 years, what do you make of it all? Banks are clearly needing to react, and have done sharply, to their “how much do you want” attitude, as greed for business has been the thorn in [...]

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Win a House on Sandbanks for £25!

Posted in Property News on December 22, 2008 | 10 Comments »

Interesting competition being run by Poole property developers Vivid Construction. It will cost you £25 to enter, sounds expensive but your chances of winning are 1 in 52,000 which is a lot better than the 15 million to 1 chance you have of scooping a similar size prize from the National Lottery. Its not cash, [...]

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Is cheaper lending on the cards?

Posted in Property News on December 17, 2008 | Leave a Comment »

As the minutes of the MPC (Bank of England “rate setters” to you an I) emerged today, it became quite clear from just a quick read that we are going to see further rate cuts as we steam into 2009. Great news for those Tracker mortgage holders. the Bank of England committee voted unanimously to [...]

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Cost of living to continue to fall

Posted in General News, tagged , , on December 16, 2008 | Leave a Comment »

The Consumer Price Index, the measure that Economists use to predict inflation, is thought to be down to 4.1% in November. This further fall comes directly off the back of the peak at 5.2% in September, and the drop to 4.5% in October. Oil and energy prices are the main cause for this further reduction, [...]

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Bank slashes rates to 2%

Posted in Banking, tagged , , on December 5, 2008 | Leave a Comment »

The Bank of England has just announced a dramatic follow-up to its rate cut in November, by announcing a further 1% off its base rate. With interest rates at 2%, the lowest level since 1951, we must now see lenders pass on these reductions to its customers. Halifax were amongst the first to reassure its [...]

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