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  • November 27, 2014
  • Last updated: 11:49pm
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  1. Property - International - BRITAIN

    London buyers scarce as prices hit new peak

    Posted Nov 19th 2014, 04:36am by Bloomberg

    ... Bloomberg in London Lending restrictions and sluggish wages curb demand, with average London home costing 9.1 times the median income of full-time worker Buyers scarce as prices hit new ... The average home in London costs about 9.1 times the median income of a full-time worker last year compared with 6.7 times for all of England, according to a February report by the Greater London ...

  2. Property - International - BRITAIN

    New powers eyed for Bank of England over mortgages

    Posted Nov 05th 2014, 04:04am by Reuters

    ... for loan-to-value limits and debt-to-income limits for owner-occupied mortgages," Osborne said in a statement. The Bank of England's Financial Policy Committee can already recommend limits on how much banks should lend mortgage applicants relative to their income and the value of their home. Both the central bank and the government want to beef up the committee's powers by making ...

  3. News - World - BRITAIN

    British PM David Cameron pledges tax cuts for 30 million

    Posted Oct 02nd 2014, 03:42am by AFP, Reuters

    ... the system so that people working 30 hours a week on the national minimum wage of £6.50 (HK$82) an hour would pay no income tax. For those on higher incomes, he unveiled plans to raise the threshold ...

  4. Property - International - BRITAIN

    London home prices lose their fizz as construction booms in city

    Posted Oct 08th 2014, 07:16am by Bloomberg

    ... financial officials dampened domestic demand for homes by tightening affordability checks and restricting the number of high loan-to-income mortgages. Speculation about when the Bank of England ...

  5. News - World - BRITAIN

    NYT defends incoming chief amid BBC scandal

    Posted Oct 25th 2012, 10:25am by Associated Press in London

    ... Associated Press in London The New York Times stood by its incoming chief on Wednesday, even as questions about a BBC child sex abuse scandal followed him from one of Britain’s most ... in a column Tuesday to evaluate the incoming chief’s answers. “How likely is it that he knew nothing?” she asked. “A director general of a giant media company is something like a newspaper’s ...

  6. News - World - BRITAIN

    London transport crisis could spark new riots, commissioner warns

    Posted Sep 22nd 2014, 09:58pm by GDN

    ... expected", Hendy said. "If the poor are not living in … the places where people on low incomes used to live, they are living a long way away and a future mayor is going to have to make sure ...

  7. Property - International - BRITAIN

    Riskiest London offices lure investors as rents soar

    Posted Aug 27th 2014, 05:34am by BLOOM

    ... occupied the longest, the research firm said. Buying properties with leases nearing their end is risky because tenants can move out, leaving the landlord without income. Yet, the amount of central ... that "growing occupier demand for space in London is encouraging investors to look for assets that they can actively manage to generate higher income returns upon tenant expiry", said Phil Tily, ...

  8. Property - International - BRITAIN

    London prices fall as British property market cools

    Posted Jul 23rd 2014, 05:20am by Bloomberg

    ... stability officials set a cap on loan-income ratios last month to prevent surging prices leading to an excessive build-up of debt. The declines were "a sign of some sellers asking beyond what ...

  9. Property - International - BRITAIN

    Bank of England opts for cautious approach on housing market

    Posted May 07th 2014, 05:01am by Reuters

    ... hold more capital against certain types of mortgages, or urge caps on how large mortgages can be compared to a borrower's income. As the Bank of England gets to grips with its new ... on prospective borrowers' income and spending than before the crisis. "In effect, we saw an interest rate increase with the mortgage market reforms," said Andrew Milligan, the head ...

  10. News - World - BRITAIN

    Bill before House of Lords threatens Prince Charles’ Duchy of Cornwall

    Posted Mar 31st 2014, 08:45pm by GDN

    ... (HK$10.3 billion) estate that provides him with a £19 million-a-year private income. The move, by the old-Etonian Labour peer Lord Berkeley, also exposes little-known exemptions from laws enforced ... but it is intended to add to the debate about some of the more controversial aspects of the prince's status under the law and in general business dealings. It proposes that he should pay income tax ...




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