Buy-to-let mortgage frenzy means there are now 1,000 deals available
The number of buy-to-let mortgages available to landlords has tipped over the 1,000 mark for the first time since April 2008, data from information website Moneyfacts shows.
The number of buy-to-let mortgages available to landlords has tipped over the 1,000 mark for the first time since April 2008, data from information website Moneyfacts shows.
The FTSE 100 closed up 182.47 points at 6081.34 as investors welcomed China's hasty rate cut, which stemmed the tide of selling that overwhelmed markets yesterday.
Sterling was up 1 per cent against the euro to €1.3710 at lunchtime, having fallen to a three-month low yesterday when it lost more than 2 per cent - its biggest drop since 2009.
The slump sparked panic selling on global markets with the FTSE 100 index at one point down more than 400 points while the Dow Jones Industrial Average opened more than 1,000 points lower.
More landlords could set up companies to manage their buy-to-let portfolios amid fears that their profits will be hit by tax relief changes, but is that worrth doing?
The biggest miner in the world reported its worst underlying profit in a decade today, down 52 per cent to $6.4billion, on the back of tumbling commodity prices.
However, the annual growth in family spending power fell below 10 per cent for the first time since February last month, according to the latest Asda Income Tracker.
RSA, which is in the early stages of a turnaround under former RBS boss Stephen Hester, said it was willing to recommend the offer to shareholders ‘subject to satisfactory resolution of other terms’.
BT is believed to have paid nearly £80million for exclusive coverage of the 2017-18 series as part of a deal to show all Australian home cricket internationals live in the UK from 2016 to 2021.
Foreign investors have been attracted to the London property market for years – snapping up homes, office blocks and other commercial sites across the capital.
There has been a huge surge in remortgaging activity in the last month as homeowners look to shelter themselves from a lurking base rate rise.
While households are now marginally better off, savers without a home loan are roughly £1,000 worse off than they were before the financial crisis bit seven years ago, the ONS said.
Mark Carney and Janet Yellen may not be able to stop the Chinese nightmare but they can at least avoid making a bad situation worse with an early rise in rates.
Investors boosted the stock 3.7p to 495p on hopes that Zurich Insurance would get more time from regulators to put together a prospective £5billion deal.
Larry Summers urged the Federal Reserve, led by Janet Yellen, pictured, not to raise interest rates at its meeting next month.
Brent Crude fell more than 4 per cent yesterday to $43.5 and US crude slipped more than 3 per cent and stayed below $40 a barrel at $38.9.
Almost £3billion was wiped from the value Lloyds and Royal Bank of Scotland as the stock market rout caused carnage at Britain’s biggest banks.
Shares in mining stocks were among the worst affected yesterday, plummeting as the wider market meltdown stripped more than £9billion from the FTSE 100’s mining sector.
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