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  • New tracker mortgages 'welcome but still wide of the mark' - 13th November, 2008

    Independent analysts have cautiously welcomed the reappearance of tracker mortgages on the market but say that lenders' rates of interest still have "some way to go"....

  • Retirement savers lose faith in property - 6th November, 2008

    Prudent Minds – number 1 for property investments
    Retirement savers are losing faith in property investments as a key contributor to their pension, according to new research.
    Alliance Trust found that just 33 per cent of people think their property will play a major role in funding their retirement, down from 43 per cent last year...

  • House prices fall for 12 consecutive months - 31st October, 2008

    Prudent Minds – number 1 for property investments
    House prices have fallen for the 12th consecutive month as tighter mortgage market conditions and falling consumer confidence hit sales.
    According to the latest house price index from Nationwide, property prices have dropped by 1.4 per cent in October, bringing the annual rate of decline to 14.6 per cent...

  • Economists unanimous in predicting a rate cut - 31st October, 2008

    Prudent Minds – number 1 for property investments
    Economists have unanimously predicted that the Bank of England will cut interest rates again next week, bringing some relief for consumers seeking cheap loans.
    All thirteen of the financial experts polled by the online news organisation Adfero said they thought a further reduction in the base rate was likely...

  • Alliance & Leicester announces fixed rate mortgage cuts - 30th October, 2008

    Prudent Minds – number 1 for property investments
    Alliance & Leicester has announced that it is to cut the rates on its fixed rate mortgages, bringing welcome relief to over-stretched borrowers.
    The bank said all of its fixed rate products will be reduced by between 0.2 per cent and 0.3 per cent compared to its previous offerings...

  • First time buyers 'may benefit from waiting' - 29th October, 2008

    Prudent Minds – number 1 for property investments
    First time buyers who put off making property investments could benefit from falling house prices as well as lower loan to value mortgages, it has been claimed.
    According to Moneyfacts.co.uk, those who delay their entry into the property market are likely to be able to purchase at a much lower price and will therefore need to borrow less money...

  • United States 'a great place to buy property' - 24th October, 2008

    Prudent Minds – number 1 for property investments
    For those planning to hold onto a property or "simply use it for the next five years", the United States is a "great place" to buy for investors who have the necessary funds, it has been claimed.
    According to the chief executive of Homesgofast, there has been an increase in the number of buyers making enquiries about American property investments...

  • Commercial property demand falling - 22nd October, 2008

    Prudent Minds – number 1 for property investments
    Demand for commercial property investments has "pretty much dried up", according to a property economist at Capital Economics.
    Ed Stansfield said tighter lending conditions mean those who do want to buy commercial property are finding it increasingly difficult to do so...

  • House prices to fall back to 2003 levels - 20th October, 2008

    Prudent Minds – number 1 for property investments
    People planning property investments may be interested to hear that UK house prices are expected to fall back to the levels seen in September 2003 before they stage any kind of recovery.
    This is the prediction of the estate agents Knight Frank, which believes prices will fall 30 per cent from their peak over the next two years and are unlikely to rise again until 2010...

  • New fixed rate mortgage deal unveiled by RBS and Natwest - 15th October, 2008

    Prudent Minds – number 1 for fixed rate mortgages
    The Royal Bank of Scotland (RBS) and Natwest have launched a new two-year fixed rate mortgage deal with a reduced fee.
    With a rate of 5.74 per cent and a loan to value of up to 75 per cent, the new deal is available for a fee of £499, down from £999 for previous offerings...

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