Yesterday’s dramatic 0.5% cut in the base rate is proof that tracker mortgages are the only way forward.
After Landsbanki was taken into government control, Icesave suspended payments into or out of its UK savings accounts on Tuesday 7th October.
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The crash in UK share prices is always presented as bad news.
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Almost two million families are undertaking home improvements because they can no longer afford to move.
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Last week, when the Dow Jones index was around 10,800 I said investors should watch out if major support around 10,000 was broken.
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With the government making up to £200 billion available to ease liquidity problems, banks will no longer be that desperate for your money.
Damian Clarkson,
Journalist
The banking rescue package and the 0.5% base rate cut will spell bad news for savers. Lock into a fixed rate savings deal now.
In a desperate attempt to prevent withdrawals of deposits from banks suspected of being at risk, European governments have hiked the amount of protection they offer.
The regulator has admitted it must do more to tackle the ongoing problem of payment protection insurance mis-selling.
Nationwide will this week terminate its offer of a fee-free remortgage, as cost of lending continues to rise.
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Investing
The prices of UK bank chares have collapsed, with the weakest – in terms of capital - Royal Bank of Scotland, tumbling to under 100p on Tuesday, a fifth of its level last year.
Chris Gilchrist,
Editor
Precipitate falls in share prices in most major markets on Monday, despite approval of the US ‘bail-out fund’ last week, showed politicians and regulators that they need to do a lot more to prevent financial meltdown.
The world’s most successful investor has just subscribed $5 billion for new shares in Goldman Sachs, one of Wall Street’s troubled banks. Should you follow suit?
It is possible to make huge profits from the stock market. Not only possible, but easy.
Share investment schemes run by employers are normally an excellent way to save. Many employees don’t sign up and are missing out on the chance of big profits.
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Property
Vendors in the North West, East Midlands, West Midlands and Wales are accepting offers averaging approximately 10% below.
Damian Clarkson,
Journalist
The average UK home is now selling at 9% below the asking price, and the gap is widening.
Almost every batch of data from the housing market points to the abysmal failure of politicians to adjust policy to the reality of how we live and want to live.
House builder Barratt is offering to pay stamp duty on properties worth up to £500,000 in a bid to lure jaded buyers back to the market.
Falling house prices and a surprise tax break make this an ideal time to invest in property, analysts claim.
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Latest articles from
Share Tips
The bear market will not last for ever, so we need to look out for signs that a new bull market has begun.
Kewill Ludens,
Editor
The bear market will not last for ever, so we need to look out for signs that a new bull market has begun.
There is a fine line in stock markets between a price that signals a share is cheap and one that signals the company has problems. Shares in this motor manufacturer crossed that line a long time ago.
Land Securities is a pile of mostly UK property supported by borrowings. When property values are rising this is good for shareholders because the borrowings gear up the gains.
Charts have been far more useful than fundamentals in pointing the way forward for shares over the last 12 months.
