Sunday, 5 December 2010

Finance Blog

LATEST POSTS

DECEMBER 3RD, 2010 7:30

Return of the 90pc mortgage raises questions for first time buyers

return-of-the-90pc-mortgage-raises-questions-for-first-time-buyers

Would-be first time buyers, frozen out of the housing market by cash-strapped lenders demanding 20 per cent or even 25 per cent deposits, are being offered pre-credit crunch style 90 per cent loan to value (LTV) mortgages again. But they might do better to wait for further falls in house prices, as data from the… Read more

DECEMBER 2ND, 2010 8:02

Why Viagra and flu jabs mean longer pensions

why-viagra-and-flu-jabs-mean-longer-pensions

Average life expectancy increased by two months during the last year alone, an increase described by actuaries as “staggering”, largely because 10,000 fewer Britons died last winter than in the one before. These are the main conclusions of the latest Continuous Mortality Investigation (CMI), an analysis of Office for National Statistics (ONS) data by actuaries –… Read more

DECEMBER 1ST, 2010 16:04

Why do Mervyn King's colleagues have it in for him?

why-do-mervyn-kings-colleagues-have-it-in-for-him

Not for the first time, Mervyn King, the Governor of the Bank of England, is facing calls for his resignation. His offence, on this occasion, is that he confided in the US ambassador – before the general election – that he was less than confident in the abilities of David Cameron and George Osborne. According to…Read more

DECEMBER 1ST, 2010 13:15

You ain't seen nothing yet: why house prices could fall by another 20 per cent

you-aint-seen-nothing-yet-why-house-prices-could-fall-by-another-20-per-cent

House prices would have to fall by more than a fifth from their current level to revert to their long-term average affordability of four years’ average earnings. Even after the modest reductions announced by Nationwide Building Society today, the typical house price equals more than five years’ earnings. So would-be first time buyers frozen out of… Read more

DECEMBER 1ST, 2010 7:41

Grey pound's £100bn Christmas warning to retailers

Retailers risk repelling some of their wealthiest customers with excessive and poorly-designed packaging which older people find difficult to open or use, the charity Age UK claims. It says that people over 65 years old spend nearly £100bn a year but half of them struggle to unwrap products or read instructions because the print is… Read more

DECEMBER 1ST, 2010 4:13

How Wikileaks is copying 16th-century Amsterdam

There was a period when British MPs would spend their every night quivering at home in terror as they waited for the latest in the Telegraph’s expenses revelations to break, hoping and praying that it wouldn’t be them. It is to Wikileaks’ credit (or shame, depending on where you stand on the matter) that with… Read more

NOVEMBER 30TH, 2010 12:14

Ireland's Debt Servitude

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Stripped to its essentials, the €85bn package imposed on Ireland by the Eurogroup and the European Central Bank is a bail-out for improvident British, German, Dutch, and Belgian bankers and creditors. The Irish taxpayers carry the full burden, and deplete what remains of their reserve pension fund to cover a quarter of the cost. This arrangement –… Read more

NOVEMBER 30TH, 2010 7:54

Never mind the riots; how to make double digit profits out of students

House prices may be falling and some students are rioting against raised tuition fees but these young rebels are proving a reliable source of double-digit profits for buy to let landlords. Total returns over the last year hit a national average of 13.5 per cent, according to estate agents Knight Frank. Better still, these can… Read more

NOVEMBER 29TH, 2010 17:00

Why OBR forecasts and Irish disaster help Osborne's case

why-obr-forecasts-and-irish-disaster-help-osbornes-case

Lord Young was pushing his luck when he told the Telegraph last week that many people have never had it so good. But the latest forecasts from the independent Office for Budget Responsibility (OBR) confirmed today that we could have had it an awful lot worse, and we don't have to look very far – just across the Irish… Read more

NOVEMBER 29TH, 2010 8:06

10 tips to spot rip-off financial advice

10-tips-to-spot-rip-off-financial-advice

Rip-off financial advice, intended to generate commission for the intermediary rather than gains for the investor, is becoming more – not less – widespread, ahead of the imposition of new rules designed to drive out the cowboys, some experts claim. The Financial Services Authority (FSA) will require all independent financial advisers (IFAs) to shun commission payments… Read more