News Tag: return
November 30, 2009
Global markets rallied this morning as fears over the Dubai debt crisis started to ease.
As the facts of Dubai’s debt crisis unravelled at the end of last week, shares across the world plunged but have today recovered as confidence returns.
It emerged last week that state-owned company Dubai World wanted a six-month holiday from its debt repayments. The state-owned conglomerate ...
Stock markets recover after Dubai debt fears ease
by Kay Murchie
September 28, 2009
The Building Societies Association (BSA) is urging the Government to return Northern Rock to the mutual sector, arguing that mutuals take less risk than banks owned by shareholders.
Mutual building societies are owned by their members, not by shareholders, and are run for the benefit of those members.
The BSA said a new report points to a strong ...
BSA argues Northern Rock should return to mutual status
by Kay Murchie
July 22, 2009
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 ...
NS&I see savers flee as confidence returns
by Kay Murchie
July 13, 2009
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 ...
Halifax ranks home improvement returns
by Gill Montia
UKFI admits selling stakes in nationalised banks will be “challenging”
by Kay Murchie
February 23, 2009
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 ...
Northern Rock returns to new lending at 90% LTV
by Gill Montia
July 24, 2008
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 ...
First-time buyers return to property market
by Gill Montia
