Archive for November, 2008

Repsol, Lukoil and Sacyr Vallhermosa Also Try Their Hand At Happy Families
“Happy families are all alike; every unhappy family is unhappy in its own way”TolstoyWell this is an interesting little fable of modern family life, even if all the families involved may not be ones which many of my readers would normally wish to belong to.As is now reasonably well know Russian private oil company Lukoil is currently making a bid for the shares in Spanish energy company Repsol which are owned by the deeply indebted Spanish property company Sacyr Vallhermosa.Shares in what is Spa

(AFX UK Focus) 2008-11-21 02:32 NZ housing affordability improves in October-report (Interactive Investor)
WELLINGTON, Nov 21 (Reuters) - New Zealand housing affordability was at its best level in two-and-a-half years in October on the back of lower interest rates, tax cuts, and stable house prices, a mortgage broker said on Friday. Wizard Home Loans said an average income home-buyer needed to commit 68.2 percent of post-tax income to service a mortgage on a median-priced house for the month, easing …

Different Kinds of Bad Credit Card Loans
If you have bad credit rank then, odds are next to you; bad credit rank tells lender that you are untrustworthy shopper. Some lenders can avoid you together, while others are willing to take little more risk, however to make for these dangers, loan costs little more by the way of carrying higher interest rate. In order to put yourself in better place then consider following choices: 1. Loan with collateral The secured loans have low interest rate as well as are easier to obtain 2. Unsecured

Mortgage payment insurance for homeowners
When times get tough and bills become harder to pay, people can sometimes start to wonder how they will keep up with a home loan, if they have one. There is no shortage of UK providers offering mortgage payment insurance, and most people will be offered it by their own home loan provider.

(AFX UK Focus) 2008-11-19 12:15 US mortgage purchase applications near 8-yr low-MBA (Interactive Investor)
NEW YORK, Nov 19 (Reuters) - Applications for U.S. home mortgages declined last week, with loans for purchases of single-family homes falling to their lowest level in nearly eight years, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage application activity fell 6.2 percent to 398.6 in the week ended Nov. 14. The index …

PRESS RELEASE:Fitch Takes Rating Actions On UK Build Societies (Nasdaq)
Fitch Ratings-London-21 November 2008: Fitch Ratings has today taken various rating actions on nine UK building societies. The actions include downgrades of the Long-term Issuer Default ratings (IDR) of three building societies and the Short-term IDR of three building societies.

Tax Man to clamp Buy to Let Mortgage Investors
With the United Kingdom facing the most substantial budget deficit in the coming year than any other nation in Western Europe, HM Revenue and Customs has announced plans to extract additional taxes from approximately 80,000 landlords who may not have paid enough in taxes over the course of the past six years on their buy to let mortgage investments. Generally, the Revenue will be looking at three classifications of U.K. buy to let investors when it comes to questions about due and owing tax l

Housing pessimists have got it all wrong
A 40 percent fall in house prices? No way, says Yolande Barnes of the Times: “To predict that the UK housing market will fall by 40 per cent and remain at these new, corrected levels is to ignore the role of finite supply and the use of equity. The most frequently used indicator of property market overheating is the house price to income ratio. In the 1970s and 1980s loans averaged around three to four times earnings, causing the pessimists to argue that the recent levels of six or seven time

Mortgage payment insurance for homeowners
When times get tough and bills become harder to pay, people can sometimes start to wonder how they will keep up with a home loan, if they have one. There is no shortage of UK providers offering mortgage payment insurance, and most people will be offered it by their own home loan provider.