Mngr Shire eyes deals using $1.6bn AbbVie windfall after takeover bid falls apart
Friday 11 December 2015 12:50 pmBy punishing Londonrsquo buy-to-let investors, George Osborne is only hurting private rentersBy: Melissa YorkShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleAccording to a source at the Bank of England, 15 per cent of loans on their books are buy-to-let mortgages. The Bank has spent the last few years yanking levers for owner-occupiers to make sure theyrsquo;re happy with its stress testing for interest rate rises. In the absence of such a shock absorber f stanley cup or buy-to-let mortgages, the Bank seems to believe that the moment rates start to rise, therersquo going to be a rush for the exit.This would explain the slightly red-tinged Autumn Statement. Osborne was building on an earlier assault on property investors in the Budget when vital mortgage interest relief against things like wear and tear were slated for reductions.Putting people off becoming landlords and servicing the private rented sector seems counter stanley becher intuitive to me and, in the absence of an informed understanding of why people invest in buy-to-let, a strange decision. brumate era Perhaps theyrsquo;ve been reading too many tabloid headlines and imagine everyone is a greedy, over-privileged 23-year-old with three properties held on 100 per cent interest-only mortgages.Our figures show the reality is very different indeed. Over 50 per cent of buy-to-let investors buy with cash and do so for two Cffk Hooray: Higher than average temperatures are coming to London this week
Thursday 17 September 2009 8:00 pm|Updated:Saturday 01 June 2019 12:46 amUK profits strong at Investec in spite of weakness in South AfricaBy: admindrupalShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleINVESTMENT bank Investec said yesterday that profits in the UK and Europe are holding up, despite a weaker performance in its South African and Australian divisions forcing it to lower forecasts for the first half of the year.Investec said in a pre-close briefing that first-half net operating income and operating profits would be below the first half of last year, though profits in the UK and Europe were ahead over the five months to August.It said defaults had continued to increase in line with expectations, though core loans and advances had grown by three per cent to pound;16.7bn.Many people say that banks are not lending, but the reality is that people are not borrowing, more than banks are not lending, said chief executive Stephen Koseff. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: Secti stanley quencher onsNewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabo stanley germany ur will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be canc stanley germany elledClairersquo Accessories to launch UK high street comebackAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking Bank of England
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