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Tuesday 13th of July 2010

News Tag: approved

June 30, 2010

New mortgage lending fails to impress

by Gill Montia
”New
The number of mortgages approved for house purchases remained all but static in May, compared with April, at 49,815, according to Bank of England data. The figure was down on the previous six month average and well behind the November 2009 peak of 59,338. The result has disappointed analysts who were hoping to see a spring and summer recovery in new mortgage lending ...



February 18, 2010

Microsoft-Yahoo partnership approved by EU and US regulators

by Kay Murchie
Microsoft-Yahoo partnership approved by EU and US regulators
The 10-year search and advertising deal between Microsoft and Yahoo has been approved today by both the US Department of Justice and the European Commission. Both companies said they plan to begin the tie-up in the next few days and the deal will be finalised by early 2012. The deal, which was agreed in July 2009, was set up to challenge ...



December 23, 2009

New mortgage lending continues recovery

by Gill Montia
”New
Gross mortgage lending in November showed a slight monthly rise, according to the British Bankers' Association (BBA). The figure stood £9.2 billion but was still 12% down on a year earlier. However, banks approved £6.6 billion in house purchase loans, up from £6.1 billion in October and a 200% increase on November of last year. In terms of volume, house purchase approvals nudged up from ...



June 12, 2009

New home loan approvals up 16%

by Gill Montia
”New
More good news on the housing market front with latest figures from the Council of Mortgage Lenders (CML) showing the number of loans approved for house purchases rising 16% in April, compared with March. Loans to first-time buyers increased by 11% on March and the average deposit required stood at 25% (unchanged from February). Those getting a foot on the property ladder borrowed ...



February 13, 2009

Australia’s stimulus package now approved after earlier rejection

by Kay Murchie
”Australia’s
Australia’s AUS$42 billion (£19 billion) stimulus package designed to help the country weather the economic downturn has now been approved after it was blocked yesterday by the Australian Senate who called it “financially irresponsible”. Kevin Rudd, Australia’s Prime Minister, vowed to fight for the package saying it is “crucial for the economy“. In response to the rejection, the Australian Chamber of ...



January 29, 2009

Obama’s $825bn stimulus package approved

by Kay Murchie
”Obama’s
President Barack Obama's $819 billion (£572 billion) economic stimulus package has been approved by the US House of Representatives. The President hopes to sign the package into law in February and said the package includes $275 billion in tax cuts, including a credit worth $500 dollars for each worker and $1,000 for couples. However, the majority of the package focuses on road ...



June 23, 2008

Estate agency ombudsman approved by Office of Fair Trading

by Gill Montia
Estate agency ombudsman approved by Office of Fair Trading
The Office of Fair Trading (OFT) has given the Ombudsman for Estate Agents Company Limited (OEA) approval for its estate agents' redress scheme. The move follows the passing of the Consumer Estate Agents and Redress Act 2007, which will take effect from 1st October, when all estate agents have to be members of an approved ombudsman service. The scheme provides ...