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The Bank of England’s Monetary Policy Committee (MPC) was unanimous in voting for another £75 billion of quantitative easing (QE) to support the weak UK economy.Minutes from the MPC’s meeting earlier show members considered injecting between £50 billion and £100 billion. The committee cited a sharp deterioration in the international outlook as a key factor. The vote [...] Iceland’s parliament has voted to approve a new plan to repay the UK and the Netherlands the £3.1 billion they lost when the Icesave bank collapsed. The terms of the [...] 58% of Americans expect the US housing market to stay depressed for two or more years, a new survey has suggested. The findings by property websites Trulia and [...] Some people are being forced to put their homes at risk because of debts of as little as £600, the Office of Fair Trading (OFT) has found. Four providers have been ordered to “address concerns” about the way some consumer [...] Royal Bank of Scotland has plunged back into the red with a £1.4bn pre tax loss during the three months to September. The bank, 84% owned by the tax payer, had appeared to be on the [...] The Property Ombudsman, Christopher Hamer, has repeated his call for all letting agents to be part of a formal redress scheme, like estate agents. Letting agents are generating a disproportionately high number of the enquiries made to the Ombudsman. [...] First time buyers are paying thousands of pounds a year more to borrow the same amount as other borrowers, creating a generation of second class home buyers. Experts say it is “incredibly unfair” on the young that they are paying so much more for the same level of borrowing, just because they have smaller deposits [...] Home owners have so little equity left in the homes after the credit crisis that they are struggling to remortgage, experts warned. The number of loans approved for those buying a [...] Overdue homeowners are warned that a four pronged whammy will see the number of home repossessions increase. The latest forecast from the Council of Mortgage Lenders [...] The number of homes repossessed in the UK fell by 7.5% in the first three months of 2010, according to lenders. Figures show that the number of homes repossessed dropped from 10,600 in the last three months of 2009 to 9,800 in the first quarter of 2010. Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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