User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Jul 30 2014 02:15 IST RSS 2.0
 
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Getting your incometax returns in order 30.7.2014 Hindustan Times: Business
With the deadline round the corner HT tells you all that is needed to get your filing ...
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35 percent in US facing debt collectors: Study 29.7.2014 TOI: Intl Business
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
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Icac: corruption findings against John Kinghorn overturned by supreme court 29.7.2014 The Guardian -- World Latest

Court quashes Icac corruption findings against RAM Home Loans founder but upholds findings against Kinghorn associates

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होम लोन लेने से पहले की उलझन, क्‍या है पात्रता और कैसे करें होमवर्क 29.7.2014 दैनिक भास्कर
होम लोन लेने से पहले की उलझन, क्‍या है पात्रता और कैसे करें होमवर्क
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Why's UCO not calling Vijay Mallya a wilful defaulter? 28.7.2014 DNA: Opinion
Two Kolkata-based banks are taking conflicting positions when it comes to describing Kingfisher Airlines. While United Bank of India says the Vijay Mallya-owned company is a wilful defaulter, UCO Bank is reluctant to call it so. United Bank has even filed a winding-up petition against the company in the Calcutta high court. UCO's argument is that it can term the airline a wilful defaulter only if it has some evidence. What's Kingfisher's total debt? Kingfisher has a total debt of about Rs 12,000 crore (with interest on a principal of about Rs 8,000 crore). UCO Bank is among the 17-bank consortium that has lent money to the airline. Its exposure to the airline is Rs 250 crore now. It was Rs 320 crore in December 2013. Why's UCO not calling Mallya wilful defaulter? The bank says even if it does so, he can challenge it in a court. "First, we have to notify him. Then, he will respond. He has to be given a chance to appear before the grievance redressal committee. Thereafter, the issue can be taken to a ...
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Average house prices stall as rise in sale of £1m-plus properties continues 28.7.2014 The Guardian -- Front Page
Price of average home in England and Wales holds steady at £172,011, down from a peak of £181,466 in November 2007

House prices stalled across England and Wales last month in the latest sign the property market has come off the boil, but at the top end of the market there has been a sharp rise in the sale of properties over £1m.

Figures from the government's Land Registry indicated that average house price across England and Wales held steady between May and June at £172,011. That is not far off a peak of £181,466 in November 2007. Prices were up 6.4% on a year ago, a slowdown from May's 6.7% annual growth.

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Keep UK interest rate low for now, IMF tells Bank of England 28.7.2014 The Guardian -- Front Page
International Monetary Fund warns Bank to be ready to raise rates if other measure fail to keep housing market in check

The International Monetary Fund has said UK interest rates should stay low for now, but the Bank of England policymakers must be ready to raise them should other measures fail to keep the housing market in check.

The IMF said that so-called macro-prudential measures should be the "first line of defence" against financial stability risks from the housing market. But ultimately more must be done to raise the supply of housing to meet demand, it said, echoing warnings from economists and the Bank of England's governor, Mark Carney.

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Buying property overseas? London is a hot spot 28.7.2014 Rediff: Top Stories (India)
With lower interest rates on loans and higher capital appreciation than in India, buying property in London makes more sense
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Home buyers put off by high prices and rising rates 28.7.2014 The Guardian -- Front Page
Halifax identifies a sharp drop in the number of people who feel that it would be a good time to buy a house over the next 12 months

Rising house prices, the prospect of higher interest rates, and difficulty in raising a deposit are rapidly putting people off buying a house according to Halifax.

A survey by the lender identified a sharp drop in the number of people who felt that it would be a good time to buy a house over the next 12 months to a balance of +5% in the second quarter, from +34% in the first quarter. The trend was most pronounced in the property hotspots of London and the south east.

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The English Housing Survey: key findings 24.7.2014 The Guardian -- Front Page
The full English Housing Survey results have been published and they paint an interesting picture. How much are private renters spending? And how does it compare to mortgage repayments? Every year the Department for Communities and Local Government (DCLG) publish headline figures from the latest English household Survey. Those figures showed that home ownership in England had fallen to lowest level in 25 years . That release in February is followed by an annual household trends report which provides lots of statistics that help paint a picture of English housing in 2012/13. Throughout the 1980s and 1990s, the proportion of private sector households stayed steady at around 10% of the market. However, the sector has undergone sharp growth since the early 2000s and nearly doubled in size by 2012-13 There has been a decline in the proportion of younger ...
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Bank of England holds interest rates amid concern for wage growth 24.7.2014 The Guardian -- Front Page
Mark Carney says rates will need to rise as UK economy recovers, but monetary policy committee has no preset plan

Bank of England policymakers are growing increasingly uneasy about the UK's record low interest rates but signalled on Wednesday that the first rise will not come until real wages start to recover.

Governor Mark Carney said "rates will need to start to rise" as the UK economy gets back to normal GDP is already back at pre-crisis levels but stressed the Bank's monetary policy committee was not yet satisfied with wage growth.

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'Rent trap' keeping England's young people off the housing ladder 23.7.2014 The Guardian -- Front Page
Tenants pay more for the roof over their heads than buyers, according to the government's English Housing Survey

Young people are being caught in a "rent trap", with housing costs taking up so much of their income that they are struggling to save enough to buy a home of their own, it was claimed on Wednesday, as figures showed tenants are paying more than homebuyers for the roof over their heads.

The government's official English Housing Survey showed that in 2012-13 the 4 million households in England's private rented sector paid an average of £163 a week for their homes, an increase of £10 since 2008-9, while the 7.2 million households buying their home through a mortgage paid £149.

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Low interest rates now a threat to UK economy, says Mark Carney 23.7.2014 The Guardian -- Front Page
Bank of England say rising house prices and low interest rates could mean households take on unaffordable levels of debt

The Bank of England would be risking a dangerous housing bubble and a return to recession if it left interest rates at an all-time low for too long, its governor said on Wednesday.

Mark Carney said rising housing prices could result in households taking on more mortgage debt to afford a new home, limiting their ability to spend money on other things are dragging the economy back into contraction.

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11 money lessons we wish we'd learnt sooner 23.7.2014 Rediff: GetAhead
Here's your chance to benefit from what (most) 30somethings learn rather late in life.
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Subrata Roy denied bail, allowed to meet clients outside jail 22.7.2014 Rediff: Business
The Supreme Court has denied to release Sahara Chief Subrata Roy on bail or parole.
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Shelter says homelessness helpline is stretched to the limit 22.7.2014 The Guardian -- Front Page
One-third of calls go unanswered amid huge rise in callers seeking advice on rent and mortgage arrears, claims charity

Benefit cuts and rising pressures on household budgets have driven a surge in the number of people on the brink of homelessness, according to the charity Shelter, which warns it can no longer keep up with demand for its helpline.

The longest squeeze on incomes for decades has meant more people are struggling to stay on top of their housing costs, Shelter says. The number of callers to its helpline battling rent arrears has more than doubled since 2011 with a sharp rise in people calling in about mortgage arrears.

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Yet to consider merger plan, says HDFC chairman Deepak Parekh 21.7.2014 ET: Banking
HDFC chairman Deepak Parekh today termed as premature the speculation about a merger between the mortgage major and its banking arm HDFC Bank.
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Housing market cools down as weather warms up 21.7.2014 The Guardian -- Front Page
Rightmove says average asking price fell 0.8% amid latest sign that housing market might be slowing

The prices demanded by sellers putting their homes on the market have fallen for the first time this year, in the latest sign that some of the heat is coming out of the UK housing market.

The average asking price fell by 0.8%, or £2,116, to £270,159 in July, according to the property website Rightmove. It was the first monthly drop since December and compared with a 0.3% rise in July 2013.

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Smart tips to get the best home loan deal 21.7.2014 Rediff: Business
They do all the running around, including negotiating with the new lender
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UPA 2s Rajiv loan scheme for affordable housing has no takers 21.7.2014 Hindustan Times: India
Last October the UPA government had launched the Rajiv Loan Scheme RLS with much fanfare to provide affordable homes to those belonging to economically weaker sections and low income ...
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