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(afx Uk Focus) 2008-09-05 15:48 U.s. Home Foreclosures Reach Record High
new york, sept 5 (reuters) - u.s. home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the mortgage bankers association said on friday. "the national foreclosure numbers continue to be driven by the hardest-hit states continuing to get much worse," jay brinkmann, the association's chief economist and senior vice president for research and ...
www.iii.co.uk

A Fifth Of Home Loans Head For Negative Equity - Guardian Unlimited
britain's banks may have to write off £38bn of mortgage debt as plunging house prices send almost a fifth of the home loans on their books into negative equity, according to leading city analysts. write-offs on that scale will dwarf the cost of the ...
www.guardian.co.uk

Housebuilders 'in Denial' As New-home Prices Rise And Buyers Stay Away - The Independent
housebuilders are still increasing prices despite complaining of falling sales and seeking government aid. the halifax house price index showed new homes in july cost 1.1 per cent more than a year earlier, even though prices across the whole market ...
www.independent.co.uk

Flood Risk For Jack Sparrow If He Drops Anchor Without Home Insurance, Says Confused.com
johnny depp has been looking to buy a £5.5 million property near the norfolk broads, but if he does settle here, the pirates of the caribbean star would need to make sure that his home insurance would protect against the risk of flooding in the area, says confused.com. (prweb sep 6, 2008) read the full story at http://www.prweb.com/releases/2008/09/prweb1288684.htm
www.prweb.com

Flood Risk For Jack Sparrow If He Drops Anchor Without Home Insurance, Says Confused.com
johnny depp has been looking to buy a £5.5 million property near the norfolk broads, but if he does settle here, the pirates of the caribbean star would need to make sure that his home insurance would protect against the risk of flooding in the area, says confused.com.
news.yahoo.com

Home Purchase Tax Threshold Raised For One Year - Reuters Uk
london (reuters) - the exchequer said on tuesday properties worth less than 175,000 pounds would be exempt from a home purchase tax known as stamp duty for one year from sept 3, up from a 125,000 pound threshold now. the surprise move is part of a ...
uk.reuters.com

Us Lenders 'face State Takeover' - Bbc News
us mortgage giants freddie mac and fannie mae are set to be put under government control in an attempt to rescue the firms, media reports say. top bosses would be removed under the us treasury plans - which could see the us's largest ever financial ...
www.bbc.co.uk

Even When Prices Are Falling, Your House Can Be Hard At Work Making You Richer
over the past decade, many homeowners have become accustomed to watching their property earn more than they do. house prices soared and bigger loans with which to upsize were fairly easy to come by.
www.independent.co.uk

The European Central Bank Has Slashed Its Forecast For Economic Growth In The Euro Zone This Year From 1.8% To 1.4%.
(14:36) two of the country's leading property developers are offering home buyers interest-free loans. (18:12) the minister for finance has said speculation about the contents of next month's budget is not helpful.
www.rte.ie

Skipton Bucks Trend By Accepting Lower Deposits - Guardian Unlimited
while many mortgage lenders have been upping the deposits they demand from homebuyers, skipton building society is reducing the upfront amount. skipton has increased its maximum loan-to-value (ltv) to 95% as part of a scheme to help first-time buyers ...
www.guardian.co.uk

Uk Urged To Clarify Funding Support For Banks - Forbes
london , sept 5 (reuters) - pressure is building on the bank of england (boe) to set out how it will provide funding support to britain's banks amid mounting concern that the end of the current scheme in six weeks will tighten the screw on lenders ...
www.forbes.com

Mortgages Arrears Show Sharp Rise
arrears and repossessions among prime mortgage borrowers jumped sharply in the second quarter, according to a report by moody’s which suggests that home loans are deteriorating even among borrowers with good credit records.
www.ft.com

Rate Of Uk Mortgage Approvals Lowest Ever
the number of new mortgages for home purchases in the uk in july fell to its lowest level ever, totalling 33,000 loans according to data released by the bank of england.
www.ft.com

U.s. May Take Control Of Mortgage Giants - Msn Uk News
washington/new york (reuters) - the u.s. government plans to put government sponsored mortgage finance companies fannie mae and freddie mac under federal control, the new york times and washington post newspapers reported late friday ...
news.uk.msn.com

Tisdale: 'it's Only A Matter Of Time Before City Win At Home' - Exeter Express-echo
paul tisdale is confident his exeter city side will break their st james's park duck by overcoming accrington stanley tomorrow. city have been left to count the cost of their profligacy in front of goal having lost all four league and cup games at ...
www.thisisexeter.co.uk

(afx Uk Focus) 2008-09-05 13:34 Uk Urged To Clarify Funding Support For Banks
london , sept 5 (reuters) - pressure is building on the bank of england (boe) to set out how it will provide funding support to britain's banks amid mounting concern that the end of the current scheme in six weeks will tighten the screw on lenders.
www.iii.co.uk

Uk & World News: New Home Loans Down By 71%
the number of mortgages approved for people buying homes dived by 71% during the past year to hit a new record low.
www.sundaysun.co.uk

Higher Earners Now Hit By Mortgage Repossessions - Daily Telegraph
mortgage arrears and home repossessions are rising fast among higher earning households, a report by a credit rating agency suggests. the finding indicates that serious housing debt problems caused by the credit crisis are not limited to those on low ...
www.telegraph.co.uk

Mortgage Interest Help Is Limited - Bbc News
people over 60 will not benefit from improvements to a scheme which helps people pay their mortgage interest if they lose their job. the government only pays mortgage interest on home loans up to £100,000. from april that will rise to £175,000. but ...
news.bbc.co.uk

(afx Uk Focus) 2008-09-05 05:44 Press Digest - Financial Times - Sept 5
brown loses battle over energy rebate the prime minister has admitted that his plans to force britain's energy firms to fund a one billion pound cash rebate for poor families have failed.
www.iii.co.uk