Mortgages News

Simon Watkins and Dan Atkinson, Financial Mail30 September 2007, 8:02am Vote | Quiz | Deals Northern Rock investors are urging the Bank of England to cut the interest rate it is charging the ailing mortgage bank or risk seeing it become Britain's first 'zombie mortgage lender'. DEADLOCK: Almost all of Northern Rock's profits will be swallowed up interest payments WANT TO KNO ...

This is Money28 September 2007, 12:59pm Thames Water could be fined £12½m for reporting and customer service failings under proposals announced by water services watchdog Ofwat today. WANT TO KNOW MORE? MORE: Record profits for water firms REPORT: Complaints soar over water bills OTHER STORIES Rock faces storm after £40m divi payout Bank 'may have to cut interes ...

House price inflation picked up slightly in England and Wales during August, says the Land Registry. Its latest survey of all residential property deals shows average prices rose by 0.2%, pushing up the annual inflation rate from 8.8% to 9.4%. That means the average English or Welsh property now costs £182,914. However the Land Registry said the recent underlying trend had been for price increases to slow down in most parts of the country except London. "There is continuing evidence of  ...

SINGAPORE (Thomson Financial) - Singapore shares closed Friday mixed as investors consolidated their positions following a record-breaking run that took the benchmark index above the 3,700 points for a time earlier this week. Chinese stocks listed in Singapore bucked the broader market decline, with the shares rising at double-digit rates on optimism that the mainland's economy will maintain its  ...

HONG KONG (XFN-ASIA) - Share prices closed at yet another record high as China stocks drew strong interest in late trade, helping the market finish the month as well as the third quarter on a strong note. Dealers noted that several H-share firms attracted strong buying interest after the Shanghai bourse hit a new high, with oil counters in the limelight after crude prices moved back to above 83 u ...

LONDON (Thomson Financial) - UK blue chips extended losses mid-morning, as financial stocks slipped on reports of further borrowing by Northern Rock from the Bank of England, and with Tate & Lyle dropping significantly after a cautious trading update. At 10.13 am, the FTSE 100 index was at the session low, falling back 36.5 points to 6,449.9, down from a high of 6,500.4, while the FTSE 250 in ...

HONG KONG (Thomson Financial) - Hong Kong shares closed Friday mixed, but the benchmark index ended the third quarter at a record high amid expectations of further rate cuts in the US and greater fund inflows from China. Local investors are optimistic that the mainland government will make important announcements easing its investment policy over the Golden Week celebrations starting October 1.  ...

HONG KONG (Thomson Financial) - Hong Kong shares closed Friday mixed, but the benchmark index ended the third quarter at a record high, amid expectations of further rate cuts in the US and greater fund inflows from China. Local investors are optimistic that the mainland government will make important announcements easing its investment policy over the Golden Week celebrations starting October 1.  ...

SINGAPORE (Thomson Financial) - Asian markets are expected to weaken next week on profit-taking after this week's record-breaking run, with investors taking their cue from regional economic data that may indicate how the financial market turmoil in August has affected business sentiment around the region. The most crucial data next week is the Bank of Japan's end-September quarter Tankan survey o ...

Daily Mail28 September 2007, 8:22am The Bank of England may need to cut interest rates to shore up flagging economic growth in the face of a housing slowdown and turmoil in the markets. WANT TO KNOW MORE? NEWS: Will UK cut interest rates after US move? MORE: Mortgage rates soar as credit crunch bites OTHER STORIES Rock bail-out loan balloons to £7.75bn Millions must pay mor ...