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Wednesday 22nd of July 2009

News Tag: return

July 22, 2009

NS&I see savers flee as confidence returns

by Kay Murchie
”NS&I
Government-backed National Savings & Investments (NS&I;) said it has been hit by a return in confidence in banks. The financial crisis led to many British savers withdrawing their funds from banks and choosing safer havens, such as the NS&I.; In the final quarter of 2008, which covered the height of the banking crisis, NS&I; reported a 65% rise in new deposits, with ...



July 13, 2009

Halifax ranks home improvement returns

by Gill Montia
”Halifax
Halifax is recommending that "straightforward" home improvements are most likely to offer the highest return in terms of adding value to a home. According to the lender's research, fuel efficiency and energy saving measures head the list, with the potential for more than double the amount laid out to be reflected in a property's value. Home security measures and redecorating follow. Garden improvements rank ...



UKFI admits selling stakes in nationalised banks will be “challenging”

by Kay Murchie
”UKFI
UK Financial Investments (UKFI), the body set up to manage taxpayers’ interests in rescued banks, has today admitted that returning investments to the private sector will be “challenging”. According to the body, each household in the country has over £3,000 invested in Lloyds Banking Group and Royal Bank of Scotland (RBS), which are 43% and 70% owned by ...



February 23, 2009

Northern Rock returns to new lending at 90% LTV

by Gill Montia
Northern Rock returns to new lending at 90% LTV
Northern Rock is reversing its post-nationalisation strategy of running down its mortgage book and will begin offering new loans of up to 90% of a property's value. The move offers hope to the UK's beleaguered housing market, which despite the recent rise in new buyer enquiries reported by the Royal Institution of Chartered Surveyors and property website, Rightmove, will ...



July 24, 2008

First-time buyers return to property market

by Gill Montia
First-time buyers return to property market
The National Association of Estate Agents (NAEA) has reported that first-time buyers are making a tentative return to the housing market. In a survey of its members, the NAEA found that in June first-time buyer sales represented 11.8% of the housing market as compared with 9.8% a year earlier and up from 10.6% in May 2008. NAEA president, Chris Brown, believes that this ...