User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Apr 20 2014 05:13 IST RSS 2.0
 
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Ten steps to release the pressure in Britain's housing superbubble 20.4.2014 The Guardian -- Front Page
As London property prices soar 18% in a year, a damaging housing boom now looks likely to spread across large parts of the country. What are the policy options to correct the market? A "superbubble", "record-breaking" and "disastrous" official figures released last week showing that London house prices rose by almost 18% in the year to February had commentators reaching for the superlatives, and everyone else wondering where it would end. The figures from the Office for National Statistics came hot on the heels of data from Nationwide building society showing that overall UK house prices were up by 9.2% year-on-year in March , and claims from property website Rightmove that Londoners are now putting homes up for sale at prices more than 40% higher than the previous peak . Fears of a bubble have been growing since late last summer, when price inflation seemed to step up a gear. Now, just over a year from the launch of the first part of the government's Help to Buy scheme, the London boom appears to have ...
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Persimmon home sales up nearly 40% on 2013 16.4.2014 The Guardian -- Front Page
Housebuilder's upbeat trading statement a further sign that the housing market is picking up speed Continue reading...
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Retail Loans: PSU banks have an edge (Cached) 16.4.2014 ET: Banking
Opportunities in the retail space have grown exponentially over the years with rising purchasing power.
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A new policy tool for banks to stop asset bubbles wreaking economic havoc 15.4.2014 The Guardian -- Front Page
A proposed scheme can help central bankers target financial overheating and minimise impact on productive investment Continue reading...
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UK house prices rise by 1.9% in February 15.4.2014 The Guardian -- Front Page
Warnings of a 'superbubble' as ONS figures show average UK house price is up 9% over the year, while London sees 18% rise Continue reading...
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Don’t get lured by short-term gains (Cached) 15.4.2014 TOI: India Business
Getting into the best performing stocks, commodities, futures and options or even FDs at the best rate of interest is the dream of most investors.
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Pain in Spain as bank warns of 10-year jobs blight and public debt leaps 8.1bn 14.4.2014 The Guardian -- Front Page
Spanish bank BBVA says unemployment may take a decade to recover from financial crisis and public debt hits 95% of GDP Continue reading...
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Markets fall amid fresh Ukraine tensions - live 14.4.2014 The Guardian -- Front Page

European stock markets slide as Ukraine threatens full-scale assault on separatists

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The key to affordable housing for essential workers? A £50,000 deposit 14.4.2014 The Guardian -- Front Page
Shared ownership schemes are targeted at key workers such as nurses and teachers but they can't afford the cost Continue reading...
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Homeowners raising average asking price in London by 7% a month 14.4.2014 The Guardian -- Front Page
Ernst & Young predicts slowdown in 2016 as sellers try to cash in capital and in north-west prices 8.8% less than 2007 peak Continue reading...
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5 worst mistakes you can make before buying a home (Cached) 13.4.2014 Rediff: GetAhead
Avoid these at all costs or there goes your dream of owning a house.
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The problem with FCA's new mortgage test 12.4.2014 The Guardian -- Front Page
The test is easily manipulated and not as clear-cut as a simple cap based on the borrower's income Continue reading...
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Need a mortgage? New rules mean you'll have to ditch all those little extras 12.4.2014 The Guardian -- Front Page
The Mortgage Market Review, which comes into force on 26 April, means lenders will have to check every tiny detail of your finances down to the last purchase of an app Continue reading...
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Where exactly has the Co-op gone wrong? 12.4.2014 The Guardian -- Front Page
Annual report reveals the extent of damage caused by sub-prime mortgages, loan blunders, and soured commercial lending Continue reading...
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Homebuyers face tougher scrutiny of household bills and childcare costs 12.4.2014 The Guardian -- Front Page
Regulator requires lenders to send detailed questionnaires to customers, making it harder for some to get a mortgage

Homebuyers are to face tough new affordability tests which will take account of every aspect of household spending, including childcare and takeaway meals, as part of an effort by City regulators to avoid the lending mistakes made in the run-up to the financial crisis.

From 26 April anyone applying for a mortgage will have to supply three months of bank statements that will be scrutinised line by line to check that the borrower can repay the loan at today's interest rates and if borrowing costs rise.

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30-year-old rule trips foreign companies' CSR efforts in India (Cached) 11.4.2014 TOI: India Business
India is the only country in the world that seeks to make sure companies do good things, by mandating that 2% of their profit be spent on corporate social responsibility or CSR. But for local arms of multinationals and Indian companies with an overseas stakeholding of more than 50%, philanthropy isn’t proving easy because of an old rule that’s part of the Foreign Contribution Regulation Act (FCRA).
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RBI issues fresh norms to curb customer discrimination (Cached) 11.4.2014 Rediff: Business
The panel's report, made public on Thursday, has suggested stringent norms to make loan pricing more transparent.
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Mortgage lending seeing surge, say banks and building societies 10.4.2014 The Guardian -- Front Page
Despite seasonal dip, first-time buyers and buy-to-let landlords push February lending up 41% on 2013 figures Continue reading...
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Loan: RBI panel reccomends penalty for banks that harass customers (Cached) 10.4.2014 ET: Policy
Banks will also have to give their customers the choice of prepaying and exiting a loan, if the recommendations of this committee are implemented.
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10 things to consider before rushing into the property market 10.4.2014 The Guardian -- Front Page
Many homebuyers are desperate to dive into the housing market, but it helps to keep your head amid the panic

With headlines proclaiming double-digit rises in house prices and predicting more to come, and estate agents ramping up interest with open days and sealed bids, it is little wonder some would-be buyers are panicking. Agents have reported properties attracting hundreds of viewings and tens of bids, and not just in London homes in Cambridge, for example, are regularly going for £50,000 more than the asking price.

So, to paraphrase Kipling: how can you keep your head when all the buyers about you are losing theirs? Here are 10 things to consider before you rush to buy:

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