User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Nov 27 2014 19:13 IST RSS 2.0
 
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Can we switch to a buy-to-let mortgage? 27.11.2014 The Guardian -- Front Page
We want to release some equity on the flat we let out, but fear we complicated matters by switching mortgages on it before

Q We own a one-bedroom flat in north London. We bought it in 2007 for £300,000 with a mortgage of 85% of its value and, according to some property websites, it is now worth nearly £500,000. We currently let the flat out and the rental income of £1,840 more than covers the mortgage payment of £1,385 of which about £220,000 remains.

We live in a place big enough for us and our one-year-old child but the rent is very high (nearly £2,400 a month) and it won’t be long before we either want more space or, hopefully, have another child in which case we will definitely need more space. But we won’t be able to afford it in London.

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RBI eases rules for low-cost home loans 27.11.2014 Sify Finance
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Tougher rules for getting mortgages help to cool UK housing market 26.11.2014 The Guardian -- Front Page
New mortgage approvals hit a 17-month low amid high prices, uncertainty ahead of election and interest rates rising

Britain’s housing market is cooling rapidly as a result of tougher Bank of England mortgage market requirements, high prices and the uncertainty caused by the coming general election. The prospect of higher interest rates at some point in 2015 is also dampening demand.

Figures from the British Bankers’ Association showed a sharp slowdown in mortgage approvals, while Nationwide building society has reported a drop in lending volumes.

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Mortgage lending tumbles at Nationwide as house prices cool 25.11.2014 Yahoo! News Search Results for mortgage
Building society says net mortgage lending slumped by £2bn to £3.6bn in the six months to the end of September The housing market is starting to cool, Nationwide building society has said as it reported a fall in mortgage lending in the past six months. Graham Beale, chief executive of the UK’s biggest customer-owned lender, said its share of mortgage lending had reduced as banks started to move ...
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UK house prices rises in 2015 will be moderate, says Halifax 25.11.2014 The Guardian -- Front Page
Mortgage lender predicts general election and rising interest rates will create a ‘better balance’ in supply and demand for housing

UK house prices are set to rise by only 3% to 5% in 2015, with the looming general election likely to cause a lull in activity early next year, according to Britain’s biggest mortgage lender.

The Halifax said the prospect of higher interest rates at some point in 2015 was also likely to play a part in dampening demand.

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How EMIs destroy your dreams! 25.11.2014 Rediff: GetAhead
Abhishek Agarwal takes a controversial view on how our dreams are being mortgaged by EMIs we keep paying month after month.
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China stocks rise after surprise rate cut, yuan drops 24.11.2014 Sify Finance
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SBI provides home loan 24.11.2014 The Assam Tribune
SBI provides home loan
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The £1 houses and thriving potteries that are making Stoke boom again 23.11.2014 The Guardian -- Front Page
Dealt seemingly fatal blows by successive governments since the 80s, Stoke-on-Trent is at last starting to recover When Gavin Pierpoint applied to Stoke council to become the owner of a £1 house in April 2013, his expectations were not high. For one thing, there was the selection process to get through, during which he would have to prove not only that he was capable of paying back the loan the council would make him for the property’s renovation – such a loan was a condition of sale – but that he was fully committed to becoming part of a community. For another, he couldn’t quite believe the council would fulfil its promises. Would these terraces, empty for several years, really be renovated to a decent standard? And how long would it take? At the back of his mind, too, were his anxieties about the area. “I’d be lying if I told you I wasn’t concerned,” he says. “The boarded-up houses, the fly-tipping, the squatters; the reputation of these streets for prostitutes and drugs. I wondered how the people who ...
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I'm against higher tax burden on middle class, Arun Jaitley says - Times of India 23.11.2014
I'm against higher tax burden on middle class, Arun Jaitley says Times of India NEW DELHI: As he gets down to prepare the 2015-16 Union Budget, finance minister Arun Jaitley said on Saturday that he does not favour burdening the salaried and middle class with more taxes, but would go after the evaders in widening the net. He ...
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'There were hundreds of us crying out for help': the afterlife of the whistleblower 22.11.2014 The Guardian -- Front Page

Whistleblowers speak out because they feel they have to, often at great personal cost. But years later, do they think it was worth it?

In his former life, Dr Raj Mattu was an internationally recognised cardiologist. On course for a professorship in London, he nonetheless jumped at the chance to return to his home town of Coventry in 1997, to set up a medical school at Warwick University and help turn the large district Walsgrave hospital into a teaching facility. It was a choice he would live to regret.

He found problems straight away. Patient safety was at risk through broken equipment and misallocation of resources; there were factions among staff and tensions with management. In the months before he arrived, senior clinicians had narrowly failed to pass a vote of no confidence in CEO David Loughton. Little was as it should be.

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Home loans see rising bad debt 22.11.2014 TOI: India Business
Banks are seeing a sudden spurt in bad debt in the home loan segment, a warning that RBI issued last week.
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Parsi home loan to marry 21.11.2014 Telegraph: Nation
Ahmedabad, Nov. 20: This home loan is free of EMIs but comes with a string attached. And a hoped-for attachment.
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Axis appetite for risky loans 20.11.2014 Telegraph: Business
Calcutta, Nov. 19: Axis Bank is keen to increase the proportion of unsecured loans in its retail advances portfolio. The bank is betting on the economy showing stability and higher growth prospects to help boost its unsecured retail advances.
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How can you slow the unstoppable rise of evictions? 19.11.2014 The Guardian -- Front Page
The number of evictions has more than doubled in a year, throwing thousands of families into turmoil and temporary accommodation. Something has to change The number of tenants being evicted by their landlords is at a record high . Last week Ministry of Justice figures revealed that in the three months to September 2014 more than 11,000 individuals and families lost their homes. According to housing charity Shelter that means more than 40,000 families have been evicted in a year – a 117% rise on the previous year. The reasons for the spike are numerous but nevertheless hard to prevent under current government policy. The impact of benefit cuts and caps has left tenants unable to pay their rent and many private landlords now evict or turn away poorer tenants (or those in increasingly common zero-hours contracts ...
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Strong regulatory swing doesn’t surprise me : Anshu Jain 19.11.2014 TOI: India Business
After Global Financial Crisis, ‘Too Big To Fail’ Biggest Issue, Says Deutsche Bank Co-CEO Anshu Jain In An Exclusive Interview To TOI.
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Sensex trading flat; HDFC falls 18.11.2014 Sify Finance
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Central Bank of India launches two retail products 17.11.2014 ET: Banking
The other product, Aspire Deposit Scheme, helps customers enjoy the liquidity of their fixed deposits even while it continues to earn interest, it said.
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HDFC, HDFC Bank fall on foreign investment room worries 17.11.2014 Sify Finance
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India counts HDFC stake in HDFC Bank as foreign 15.11.2014 Hindustan Times: Business
Indias foreign investment regulator has approved raising the foreign holding limit in secondbiggest private sector lender HDFC Bank Ltd but counts its parents holding as foreign the Business Standard newspaper reported on ...
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