Mervyn King

A gloomy forecast from the Bank of England

The Governor of the Bank of England Mervyn King has issued his quarterly forecasts and it doesn't make happy reading. Notably, he has downgraded the UK's forecast economic growth and also said that inflation has not reached its peak. The Bank estimates that Britain's economy will grow by 1.7% during 2011, less than the 2% in February's forecast of 2% growth but the same as the latest forecasts... Read more

Posted by Dan @ Upad on August 12th, 2011 in Finance, Landlord Tax, Property Rental

Pound Coins

Interest rates: the only way is up. Are you ready?

The doom and gloom is set to continue as more numbers come out from the coalition government about the state of the UK’s economy. In particular, inflation is very high at 3.7% and that spells trouble for retailers and savers alike. That rate is way above the target of 2% and something will have to be done. You know what means: interest rates will have to rise. The Bank of England base rate... Read more

Posted by Dan @ Upad on January 25th, 2011 in Buy-to-let, Property Rental, Tips for New Landlords

confused graph

Could low interest rates and falling house prices fuel a buy-to-let boom?

Two stories in the press caught our eye today and both are relevant to landlords or anyone considering the buy to let market. Ernst and Young are reporting that the Bank of England will have to keep interest rates where they are, at a very low level for years, perhaps until 2014. They also suggest that the current state of the economy means that the Bank might have to resume its programme of... Read more

Posted by Dan @ Upad on July 28th, 2010 in Buy-to-let, Property Market

First-time buyers have “given up hope” of ever owning a home

With tumbling house prices and record-low interest rates, you would think that there was never a better time to get onto the property ladder.   However, according to figures published by PropertyLive.co.uk, 65% of people who do not own a home now, believe they will never own one.   And a leading property analyst has no doubt where the blame should lie.   Peter Bolton-King, chief... Read more

Posted by James @ Upad on May 27th, 2009 in Property Rental

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