Monthly Archives: April 2013

UK narrowly avoids triple-dip recession

The latest official statistics have revealed that the UK economy expanded by a figure of 0.3% in the first quarter of the year, allaying fears that Britain was poised to plunge into a triple-dip recession.

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Property of the week: Life’s a beach

Web definition: A beach hut (also known as a beach cabin or bathing box) is a small, usually wooden and often brightly coloured, box above the high tide (Wikipedia).

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Extension of Funding For Lending good for buyers

The Bank of England has announced that it is extending the Funding for Lending Scheme (FLS) until 2015, meaning that would-be buyers may have greater access mortgage finance.

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Top tips to getting onto the property ladder

On average it takes 23 years for savers to raise enough money to buy a home. At the same time, 35% of renters are more than likely to have no savings at all.

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Fraudulent mortgage applications on the rise

Experian has revealed that for the sixth year running, mortgage application fraud rose in 2012 – this time by 9 per cent from the 2011 figures.

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Smaller properties produce the best BTL yields

One and two-bedroom properties provide the highest rental returns for investors with average yields of 6.8% and 6.4% respectively, according to data from Countrywide, the UK’s largest lettings agent.

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Posted by: WarrenWilson Categories: Finance Tags: , 1 Comment

Energy suppliers accused of ‘cold-blooded profiteering’

The Fuel Poverty Action group has accused the UK’s ‘big six’ energy suppliers of “cold-blooded profiteering”, as estimates show their profit margins continue to rise despite the squeeze out on households.

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Benefits cap trial set to affect 40,000

The government’s nationwide cap on benefits payments began last week with a trial in the London Boroughs of Haringey, Enfield, Croydon and Bromley.

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Posted by: Nicola Severn Categories: Finance Tags: , 1 Comment