UK Finance News

In The UK Finance News Recently (news items open in a new window).

An Analysis of the UK Mortgages Market for 2008: Understand the ... - MarketW...
Posted on 4 Sep 2008 at 3:41pm
An Analysis of the UK Mortgages Market for 2008: Understand the ...
MarketWatch - Sep 4, 2008
2007 started brightly with gross lending in the UK mortgage market recording a new peak in the first half. However, the later half of last year was marred ...

UK House Price Slump May Leave 1.3 Million in Negative Equity - Bloomberg
Posted on 5 Sep 2008 at 10:09am
UK House Price Slump May Leave 1.3 Million in Negative Equity
Bloomberg - 13 hours ago
The amount of properties in so-called negative equity will rise to about 18 percent of UK mortgages by value, and may trigger as much as 38 billion pounds ...
Misery for traders as world economies plummet Times Online
The threat of negative equity stalks the worst housing downturn in ... Telegraph.co.uk
all 6 news articles

UK mortgage approvals fall for twelfth month - Irish Times
Posted on 1 Sep 2008 at 12:39pm
BBC News
UK mortgage approvals fall for twelfth month
Irish Times, Ireland - Sep 1, 2008
British mortgage approvals fell for the 12th consecutive month to hit a series low in July, the Bank of England said today, pointing to further sharp falls ...
UK mortgage approvals fall to series low in July guardian.co.uk
Mortgage approvals tumble to record low Telegraph.co.uk
Mortgage approvals plunge 71% in a year Building.co.uk
Finance Markets - The Sun
all 238 news articles

Properties 'on market for longer'
Posted on 5 Sep 2008 at 2:09pm Most properties for sale in the UK have now been on the market for more than 90 days without finding a buyer.

UK food prices show 8.3% increase
Posted on 5 Sep 2008 at 1:07am UK food prices have risen by 8.3% on average since January, with meat and fish up 23%, according to a study for the BBC.

House prices in double-digit fall
Posted on 4 Sep 2008 at 1:21pm UK house prices recorded an annual fall of 10.9% in August leaving the average home costing £174,178, says the Halifax.

Sellers in housing chains resort to extreme measures
Posted on 29 Aug 2008 at 7:54pm People selling multimillion-pound homes have resorted to buying properties further down their chain of transactions in an attempt to ensure that their own sale goes through.

Curbs on interest-only loans
Posted on 29 Aug 2008 at 7:48pm Lenders are taking a tougher line with borrowers as they fear falling house prices could make it harder to repay capital

Victims of bank data loss can seek redress
Posted on 29 Aug 2008 at 7:54pm Individuals who have become victims of identity fraud could be missing out on compensation for distress and the time taken to clean up their credit records

"Uber-prime" real estate still hot in London
Posted on 5 Sep 2008 at 10:38am LONDON (Reuters) - London's housing market may be cooling, but not when it comes to 10-bedroom mansions with designer interiors, indoor swimming pools and private gardens in the capital's most sought-after neighbourhoods.

Utility windfall profits in tax spotlight
Posted on 5 Sep 2008 at 10:09am LONDON (Reuters) - Utilities will likely escape a tax on profits they make from a European Union carbon trading scheme -- but the issue has sparked fierce debate about the size of windfalls and how utilities spend them.

How to profit from the falling pound
Posted on 5 Sep 2008 at 10:24am LONDON (Citywire) - As the pound dropped to a record low against the euro on 1 September and has fallen to a two and a half year low against the dollar, currency investors are capitalising on this by trading heavily in GBP/USD. Some 86 percent of trades on Barclays Stockbrokers FX trading platform on that date were in GBP/USD.

An Analysis of the UK Mortgages Market for 2008: Understand the Current Chall...
Posted on 4 Sep 2008 at 3:39pm DUBLIN, Ireland----Research and Markets has announced the addition of the "UK Mortgages 2008" report to their offering.

UK mortgage rates 'keep falling' (BBC News)
Posted on 4 Sep 2008 at 2:25pm The Abbey is the latest lender to reduce interest rates on its mortgages during the longest period of cuts since the credit crunch began.

UK Government Shared Equity Schemes Proposed for Entry to UK Property Market ...
Posted on 3 Sep 2008 at 9:01am UK Government proposes that home owners struggling to repay mortgages and first time buyers who cannot get on the property ladder should enter into shared equity schemes, but www.uktaxandaccounts.com is of the opinion that increased risk of negative equity poses potential debt trap that could be detrimental to buyers in the long term.