Spanish banks will have to put a “huge quantity” of repossessed homes on the market over the next few months, said Juan Iranzo, Managing Director of the Institute of Economic Studies (IEE), during the presentation of a new book on the Spanish economy and housing market, sponsored by the savings bank Bancaja.
According to Iranzo, the [...]
Posts under ‘Finance’
Latest Bank mortgage lending figures may point to slower January – Council of Mortgage Lenders
The latest Bank of England mortgage data published today confirms the likelihood that there may have been a “bunching” of house purchase transactions in December to beat the stamp duty concession deadline.The gross lending total of £13.4 bn in December 2009 was in line with the CML’s estimate (£13.5 bn) and seems to confirm the CML’s view that much activity was “rushed [...]
Effects Of The End Of The Stamp Duty Holiday – Decision Homebuyers Report
London, England (Jan 11, 2010) – Decision Homebuyers, one of the UK’s most trusted and flexible home buying specialists, comment on the impending end of the stamp duty holiday and the effects it will have on the current housing market conditions.
Surveyors in the West Midlands, East Midlands, Wales and Scotland predict that the end of [...]
Six charged in £50 million ‘mortgage fraud’
Six individuals have been charged with offences in connection with a series of high value commercial mortgage frauds. Following a hearing at City of London Magistrates’ Court the case has been sent to Southwark Crown Court for a preliminary hearing on 4 January 2010.
The investigation was referred to the Serious Fraud Office in March 2006 [...]
Serious Fraud Office – Swoop on 19 properties in International commercial loans fraud
Six suspects have been arrested during a search operation on 19 properties throughout England. Three are being held in custody to appear before magistrates. The action relates to an investigation into suspected advance fee fraud and commercial rent fraud. The searches, involving more than a hundred investigators and police officers, took place to prevent further loss to victims.
Outline
Operating [...]
Don’t let the cost of Christmas put you off buying a new home
IT’S not only the tingling of jingle bells many of us hear over the festive season – but the ringing of the tills as we spend our way through the festive season and well into the January sales!
However, for potential buyers who are putting off moving until after Christmas, buying a brand new dream home [...]
Beacon Homeloans to cease new mortgage lending on Friday 27 November
Beacon Homeloans sent an email to all its packager partners on 12th November informing them it will not be lending any new mortgages after Friday 27 November.
The email from Clive Wilson, sales director of Beacon Homeloans, stated that the lender’s current funding line will end in February 2010.
As a result, Beacon has to [...]
Lesley Titcomb FSA – Keynote address to the European Mortgage Federation’s annual conference
Speech by Lesley Titcomb, Director of Small Firms and Contact Centre, FSA
Keynote address to the European Mortgage Federation’s annual conference
19 November 2009
Around the world the financial crisis has required interventions of unprecedented scale. The support of governments and central banks has been crucial and will remain a significant factor for the foreseeable future. The causes [...]