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Bysg No. 4: La Caixa Foundation
Monday 01 February 2016 8:02 amUK house prices: London Help to Buy is a thing now ndash; but experts warn it could inflate risks and only help high earners in the first place By: Catherine NeilanShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleCallooh callay, London s own Help to Buy scheme has launched this morning, the government s scheme to give first-time buyers a lift onto the housing ladder.The new scheme effectively doubles the help being given out previously, as the government makes loans of up to 40 per cent available for first and second-time buyers on new build properties worth up topound;600,000. Previously, they received loans of 20 per cent.The schemeallowsLondoners to buy a home witha fiveper cent deposit and a mortgage as low as 55 per cent.Cha stanley cup ncellor George Osborne said the scheme had been extended to provide an even better deal in the capital, where buy polene store ing a home rem polene bolsos ains out of reach for too many . But not everyone applauded the move, with some firms warning it still only helps those earning substantially more than the average salary.Lawrence Hall, spokesman forZoopla, said: With the average property value in London currently standing pound;637,298 and the scheme only applying to new build properties with a value of up to pound;600,000, buyers will have to look hard for an affordable London home. Zoopla calculations show that to make the most of the top Vmls US-China trade war: Markets feel the strain as new tariffs take hold
Monday 23 August 2010 8:29 pmHSBC first in line for stake in NedbankBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleHSBC yesterday confirmed it is in exclusive talks with insurer Old Mutual to acquire up to 70 per cent of the shares in Nedbank, South Africars stanley cup quo fourth largest lender, in a bid to aggressively ramp up its offering in the country.The parties have not disclosed the terms of a potential deal, though analysts yesterday said that the acquisition would likely be at a premium of anything up to 20 per cent of Nedbankrsquo current market value, meaning that HSBC could be in line to pay out almost pound;5bn for the stake.Old Mutualrsquo acceptance of the deal is dependant upon it receiving approval from the countryrsquo central bank, South African Reserve Bank SARB , to transfer pound;1.5bn of the proceeds over to the group balance sheet to pay down its debt.However, the firm appeared confident of gaining consent for its plans, with chief executive Julian Roberts saying Old Mutual would not have gone into exclusive talks without hope stanley cup of regulatory approval.Analysts at Bank of America Merrill Lynch said: ldqu stanley drink bottle o;We note that this alone would be sufficient to meet the grouprsquo objective to pay down pound;1.5bn of debt by the end of 2012. This is significant in that not only does the group now look very comfortably capitalised, but there |
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