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Rent rises could soon outpace house prices, warn surveyors
http://www.bbc.co.uk/news/business-35154420 Looks like the upward trend continues. ;)
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Cheap Money to Boost U.K. House Prices 6% in 2016
http://www.bloomberg.com/news/articles/2015-12-22/cheap-money-to-boost-u-k-house-prices-6-in-2016-rics-predicts Looks like the upward trend continues for the time being.
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Tax credits / USC - Pretty big loss to the economy
After repeatedly insisting that the move to Universal Credit will not see people on in work benefits lose money, Iain Duncan Smoth has today stated that admitted that people will lose money. The DWP states that any losses can be recouped by the worker by working an additional 200 hours a year (4 hours per week) at £7.20…
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Has the market ever been more bullish ?
http://lmgtfy.com/?q=House+prices
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Ignore the landlord martyrs: time for the BOE to intervene
Well there's no sitting on the fence with this article! However, this whole "reign in the BTL scene" appears to be gathering pace continually. http://www.theguardian.com/money/2015/dec/20/buy-to-let-ignore-landlord-martyrs-time-for-bank-to-act
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Workers demotivated by executives' high pay
http://www.theguardian.com/business/2015/dec/18/workers-demotivated-by-executives-high-pay-survey Strange concept if you ask me. During my 35+ years career, I have not once thought about what others (including my superiors) earn. Not once. None of my business and I couldn't care less. My motivation came out of job…
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hsbc bought instead of sold
I recently sold some shares linked to my hsbc invest direct account. I called hsbc and placed the sell order worth about £250. I checked my online account the following day which stated that a buy order was executed successfully. Therefore I called hsbc back. The chap I spoke to said that it was clear that I placed a sell…
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Young, Gifted and Broke
http://www.news.com.au/technology/online/social/famous-and-broke-youtube-stars-with-millions-of-fans-say-they-cant-make-rent/news-story/682661552a0616b4686963da73a3db27 Interesting piece. The Boy loves watching You Tube videos and had always assumed that they make fortunes. Apparently not.
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Why are so many British homes empty?
Hundreds of thousands of homes across the UK are unoccupied, despite widespread concern about a housing shortage. Why would someone own a property and leave it vacant? The Bezier building stands right in the middle of London's Old Street area, one of the most expensive and fashionable parts of the UK. Flats inside the…
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Peak Coal
http://www.iea.org/newsroomandevents/pressreleases/2015/december/global-coal-demand-stalls-after-more-than-a-decade-of-relentless-growth.html Please note. The limit on quoting copyrighted articles on this site is two paragraphs, however this is a press release and is provided in order to be quoted from. Also, please note…
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Why do people resent buy-to-letters so much?
http://www.bbc.com/news/magazine-35110421 An interesting piece I thought.
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So, the crashists were wrong again
Maybe time they reconsidered their logic given that their calculations never seem to work ?
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London house prices set to double in 10 years
Looks like yearly 7% HPI will be happening in London for a very long time. http://uk.businessinsider.com/latest-uk-and-london-house-price-data-2015-12 I think I'm right in saying which point London prices will be close to 4x elsewhere. If you move out just be prepared to never come back.
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Survivor
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BOE to get new regulatory powers over BTL
Surprised to see this hasn't been posted up already. Maybe it's best not mentioned!? Some seem to be suggesting we could be seeing BTL borrowers having to show that the rental income will be 150% of the mortgage. We could also see the minimum deposit raised to 40%. Fantastic if it works.…
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House Prices to Jump 50%....
This is the big one....:beer: House prices are set to rise by 50% over the next 10 years with property values in London nearly doubling, a report predicts. It would mean a typical house price would be around £139,000 higher than the current average of £280,000 by 2025. The study was compiled by the Centre for Economics and…
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UK unemployment rate falls to 5.2%, lowest in nearly 10 years
http://www.bbc.co.uk/news/business-35111020 http://www.telegraph.co.uk/finance/economics/12053072/UK-unemployment-wages-pay-slowdown-jobs-employment.html 31.3 million people in work, 505,000 more than for a year earlier. :beer: From George: Excellent stats this morning: a record employment rate (73.9%), unemployment &…
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Carney vows to take action on the BTL sector
No sure what the action is, but this fear of landlords selling up could be self fulfilling if they keep hitting the BTL sector! http://www.bbc.co.uk/news/business-35108952
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Inflation Soars....
....to 0.1%. Probably no need for an emergency MPC meeting this month. http://www.ons.gov.uk/ons/dcp171780_427182.pdf I still reckon that interest rates will be going up pretty soon, assuming the Fed continues tightening into 2016. Base rates to be neutral should be ~2% at the moment.
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Average UK mortgage debt rises - but householders able to cope with debts
The message from the BOE is that the average mortgage debt now stands at £85,000, up £2,000 in the last year. They also state that due to rising incomes and lower inflation households on average can cope with a rise in base rates to 2%. They also reveal that should base rates rise to 2% the share of mortgage holders paying…
