Surge in first-time buyers drives up property prices

Charterbridge

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Surge in first-time buyers drives up property prices

Surge in first-time buyers drives up property prices
Figures from the Royal Institution of Chartered Surveyors indicate that homebuyers are flooding into the property market in their largest numbers for four years. The Council of Mortgage Lenders states that appetite for property is being driven in part by the greater availability of mortgages for first-time buyers, who in June took out the biggest number of loans since before the financial crash.
The Times, p. 1-2
Also appeared in : City AM London, p.1, Independent i, p.6, The Independent, p.22-23, The Times, p.36

Lending data drive calls to scrap Help to Buy fund
Data published by the Council of Mortgage Lenders yesterday highlighted the boost the government’s Funding for Lending Scheme and the first part of its Help to Buy housing package has given the property market.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 2

Co-op Bank faces claims of £1m from ex-workers over bonuses
The Co-operative Bank is facing a claim of £1million from former employees who say they are owed bonuses. The workers are now employed by Royal Asset Management. The bank’s problems means that it failed to take over 631 branches from Lloyds Banking Group.
The Guardian, p. 21

The Bank’s low interest rates will block our path to sustainable recovery
The Bank of England wants to secure sustainable growth and reduce unemployment by promising to keep rates near zero for three more years.
City AM London, p. 12

FT Alphaville The long road to eurozone bank deleveraging
Analysts at RBS have revisited predictions made in 2011 that eurozone banks would have to shed €5.1tn of assets.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 27

D Bank faces rap by watchdog
Deutsche Bank will be told to improve its internal controls as Germany’s financial regulator completes a report into the bank’s alleged attempts to manipulate Libor and other interbank lending rates.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 16

Time banks trimmed back more branches
Banks across the European Union closed 5,500 branches last year, according to data from the European Central Bank.
The Independent, p. 53

The above articles appeared on 13/08/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.