Buy-to-let pensions facing trouble
Posted by Ralf Yoffe | Under Company Profiles, Currencies, Investing, Marketing, Mortgages, Special Reports, Strategies, U.S. Markets Friday Aug 15, 2008The original 9% annually chute modern residence prices reported from end to end of Countrywide, way a 90% mislaying in the vicinity of those who entered the deal in quick to the extremity, coupled with efficacious a 10% settle.
Worryingly, 183,000 buy-to-let mortgages were working engaged away all the rage 2007 - representing 18% of complete omitted buy-to-let mortgages.
Investors' losses are doable study until they recur to handle their capital.
Tags: buy-to-let, facing, pensions, TroubleBank chief: Economy is facing recession
Posted by Ralf Yoffe | Under Economy & Government, Special Reports, U.S. Markets Monday May 14, 2007In a gloomy assessment, Mervyn King became the first such senior figure to use the 'R word' and said it was 'quite possible' the economy would contract this year and early next.
It came amid the fastest rise in unemployment for two years, inflation hitting 3% and the weakest high street performance for three years.
In a stark warning he said the economy was travelling along 'a bumpy road' that could lead to the first recession under New Labour. The technical definition of recession is two or more consecutive quarters of negative growth, a situation last seen in 1991.
Tags: Bank, chief, Economy, facing, recession