User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Jul 25 2014 24:18 IST RSS 2.0
 
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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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UK mortgage lending figures at highest for eight months 18.7.2014 The Guardian -- Front Page
Amount of money lent to borrowers reached £17.5bn in June, which is 4% higher than same period last year, figures show

The amount of money lent to borrowers to buy properties was at its highest for eight months in June, according to the mortgage lending figures from banks and building societies.

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Best investment options in the real estate sector 18.7.2014 Rediff: Business
India, the world's fourth largest economy with 1.2 billion people, has steadily emerged as one of the most preferred destinations for global business.
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Home loans up to Rs 50 lakh to get cheaper 17.7.2014 Rediff: Business
The Reserve Bank has paved the path for increasing the liquidity for banks, enabling several positive steps in the real estate sector.
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Housing Development Finance Corporation & HDFC Bank to merge as RBI ushers liberal norms for infrastructure lending 17.7.2014 ET: Banking
The scrapping of reserve requirements for infrastructure funding and affordable home loans, eliminates stumbling block for the merger.
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Rate-cut jitters for housing finance firms 17.7.2014 Telegraph: Business
Mumbai, July 16: Housing finance companies may be in a disadvantageous position vis-à-vis banks following the RBI's decision to let banks raise loans for affordable housing on concessional terms.
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Affordable housing to become cheaper! 16.7.2014 Rediff: Business
The Reserve Bank of India (RBI)'s move to bring housing loans of up to Rs 50 lakh under priority sector lending, against loans of up to Rs 25 lakh currently, is expected to provide a boost to home loan borrowers and real estate companies.
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RBI signals cheaper housing, infra loans 16.7.2014 Rediff: Business
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
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Anger as UK house prices rise 10.5% in year to May 15.7.2014 The Guardian -- Front Page
ONS figures showing the average price of a London home nearing £500,000 prompts calls for government intervention

UK house prices rose by 10.5% in the year to May, pushing the average price paid by first-time buyers through the £200,000 mark for the first time, according to official figures.

The data from the Office for National Statistics, which is based on figures from mortgage lenders, showed prices increased strongly across the regions, although London continued to outstrip the rest of country with a record annual increase of 20.1%.

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Family the new building society launches 14.7.2014 The Guardian -- Front Page
Phone and internet service aimed at parents and grandparents marks first UK launch of a building society since 1981

The first new building society to launch for more than 30 years has opened for business.

Family building society has launched with a range of mortgages and savings accounts, and is targeting parents and grandparents who want to help younger family members to buy their first home.

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