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	<title>Property Investment</title>
	<link>http://www.propertyrenovations-ely.co.uk/property</link>
	<description>All you need to know about property investing</description>
	<lastBuildDate>Tue, 12 Aug 2008 10:10:51 +0000</lastBuildDate>
	<docs>http://backend.userland.com/rss092</docs>
	<language>en</language>
	
	<item>
		<title>UK inflation up to 4.4% in July 2008</title>
		<description><![CDATA[ Property Renovations Ely Ltd
The UK&#8217;s annual rate of inflation rose to 4.4% in July, up from 3.8% in June and more than twice the government&#8217;s 2% target, official figures have shown. 
The rise in the Consumer Prices Index (CPI) was more than expected, with food prices up a record 13.7% on the year. 
High [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/general/uk-inflation-up-to-44-in-july-2008/</link>
			</item>
	<item>
		<title>BOE Hold Rates at 5%</title>
		<description><![CDATA[ Property Renovations Ely Ltd
The Bank of England&#8217;s Monetary Policy Committee opted to leave rates unchanged after weighing up the twin threat of rising inflation and the sharp slowdown in the British economy, which is increasingly at risk of sliding into recession.
The decision to hold rates was widely expected by economists, who argue that a [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/boe-hold-rates-at-5/</link>
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		<title>House prices fall 1.7% in July</title>
		<description><![CDATA[ Property Renovations Ely Ltd
House price slump continued in July according to the latest monthly report from the Halifax. 
The lender said prices fell another 1.7% last month, taking the annual rate of decline down from 6.1% to 8.8%. 
The Halifax calculates that the average house in the UK is now worth £177,351, back to [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/house-prices-fall-17-in-july/</link>
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		<title>BoE: No quick fix for mortgage misery</title>
		<description><![CDATA[ Property Renovations Ely Ltd
According to the BoE, mortgage approvals have dived by almost 70% in the past year. Just 36,000 new loans arranged for people moving home during June - that is 69% fewer than in the same month last year and 12% lower than May&#8217;s figure, according to the Bank of England.
Mortgage lending [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/boe-no-quick-fix-for-mortgage-misery/</link>
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		<title>Is BOE in charge? Inflation at 11-year high of 3.8%</title>
		<description><![CDATA[ Property Renovations Ely Ltd
Retailers are facing tough conditions on the High Street, analysts say
Rising food and fuel costs pushed UK inflation up to an 11-year high of 3.8% in June from 3.3% in May, figures show. 
The rise means inflation is now well above the government&#8217;s 2% target, and may reduce the chance of [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/is-boe-in-charge-inflation-at-11-year-high-of-38/</link>
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		<title>BOE Leaves rates at 5%</title>
		<description><![CDATA[ Property Renovations Ely Ltd
The Bank of England kept British interest rates at 5.0 percent today but analysts say a slowing economy will force it to cut borrowing costs next month, even though inflation is heading higher.
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		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/boe-leaves-rates-at-5/</link>
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		<title>Increases in cost of mortgages</title>
		<description><![CDATA[ Property Renovations Ely Ltd
The average arrangement fee charged by 3 year base rate tracker mortgages has increased by 121%. In terms of rate increases the most significant increase has occurred in the two year fixed rate market were the average rate charged has increased from 5.42% eighteen months ago to 6.71% now.
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		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/increases-in-cost-of-mortgagesnot-quantity/</link>
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		<title>Experts say NO quick fix for house prices</title>
		<description><![CDATA[ Property Renovations Ely Ltd
A panel of economists has delivered a worrying prediction about the future of UK house prices…
A survey of the Society of Business Economists (SBE) members conducted by ITV1&#8217;s Tonight programme found that 60 per cent of economists do not expect prices to recover to the pre-credit crunch peak for at least [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-investment/experts-say-no-quick-fix-for-house-prices/</link>
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		<title>UK consumer inflation @ 3.3%</title>
		<description><![CDATA[ Property Renovations Ely Ltd
Rising food and energy prices have pushed UK consumer inflation up again, the Office for National Statistics (ONS) has said. The Consumer Prices Index (CPI) measure of annual inflation was 3.3% in May, up from 3% the previous month.
]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/uk-consumer-inflation-33/</link>
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		<title>Is a housing crash really underway?</title>
		<description><![CDATA[ Property Renovations Ely Ltd
A recent New Statesman article entitled &#8216;Crash: The housing crisis is just beginning&#8217; contained the following alarming facts about house prices and the UK mortgage market: 
- 250,000 UK households in negative equity
- 50% fall in net mortgage lending expected this year (£53bn)
- 12m mortgages outstanding in 2007
- 25% predicted average [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/is-a-housing-crash-really-underway/</link>
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		<title>More than 23 Thousands facing negative equity</title>
		<description><![CDATA[ Property Renovations Ely Ltd
More than 23,200 people who took out 100% mortgages in the year to 31 March could face negative equity. Falling house prices mean the amount borrowed could be greater than the value of their properties. The data from the Council of Mortgage Lenders comes as figures show the housing market is [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/more-than-23-thousands-facing-negative-equity/</link>
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		<title>BoE keeps UK interest rates at 5% for the third month in a row…</title>
		<description><![CDATA[ Property Renovations Ely Ltd
The Monetary Policy Committee&#8217;s decision came despite widespread worries about the state of the UK economy amid a global slowdown.  However, rising fuel and food prices means that there are still worries over controlling inflation.
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		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/boe-keeps-uk-interest-rates-at-5-for-the-third-month-in-a-row%e2%80%a6/</link>
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		<title>Nottingham PNC - Guest speakers</title>
		<description><![CDATA[ Property Renovations Ely Ltd
Property guru David Lee moved into the property industry in 2001 and used his professional training to develop new methods of property investment strategies that were unheard of in the UK at the time. He has pioneered and revolutionised the &#8216;Rent Now, Buy Later&#8217; concept within the UK.  
Tom Toumazou [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/nottingham-pnc-guest-speakers/</link>
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		<title>Bradford &#038; Bingley seeks funding</title>
		<description><![CDATA[ Property Renovations Ely Ltd
US investor Texas Pacific Group is to buy a 20% stake in Bradford &#038; Bingley for £150 million.
It follows a profits warning by the buy-to-let lender, which announced that profits for the year would be down about £100 million.
The move comes as its chief executive, Stephen Crawshaw, resigned with immediate effect [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-investment/bradford-bingley-seeks-funding/</link>
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		<title>FTBs fall foul of fixed rate mortgages</title>
		<description><![CDATA[ Property Renovations Ely Ltd
Homeowners refinancing their mortgages are in for a rude awakening as they face the highest fixed-rates deals since the start of the decade&#8230;
Hccording to figures compiled by MoneyFacts, the average rate for a two-year loan has hit 6.64% - up from just 4.34% two years ago, which  means that someone [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/ftbs-fall-foul-of-fixed-rate-mortgages/</link>
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		<title>Estate Agents in trouble?</title>
		<description><![CDATA[ Property Renovations Ely Ltd
With 150 estate agent offices currently reported to be closing every week, Jonathan Haward, Managing Director of The County Homesearch Company says the face of the high street estate agency will change forever, and in today’s market only the very best will survive&#8230;
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		<link>http://www.propertyrenovations-ely.co.uk/property/property-investment/estate-agents-in-trouble/</link>
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		<title>RICS: 30 year low!!!</title>
		<description><![CDATA[ Property Renovations Ely Ltd
In the latest survey from the Royal Institution of Chartered Surveyors (RICS), 95.1% of surveyors saw house prices fall than rise in April.
That figure is up from 79.4% in March, with all surveyors in East Anglia, and the North and North West of England, reporting price falls.  There has also [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/rics-30-year-low/</link>
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		<title>Repossessions up by 21%</title>
		<description><![CDATA[ Property Renovations Ely Ltd
The Council of Mortgage Lenders said 27,100 homes, the highest figure since 1999, were taken over by lenders after people fell behind with repayments.
The figure for the UK is more than the 22,400 in 2006, but not as extreme as the CML had forecast. It is still a sharp rise on [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/repossessions-up-by-21/</link>
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		<title>Have you felt the effect of the credit crunch?</title>
		<description><![CDATA[ Property Renovations Ely Ltd
With March mortgage approvals down 46.2% on 2007, the UK is certainly feeling the gloomy global economic conditions. Credit crunch has quickly become part of our vernacular, but has it entered your home yet?
Whether you&#8217;re a homeowner, a parent, retired or a student, let us know your experience of the credit [...]]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-investment/have-you-felt-the-effect-of-the-credit-crunch/</link>
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		<title>BoE leaves UK rates at 5%</title>
		<description><![CDATA[ Property Renovations Ely Ltd
The Bank of England kept British interest rates at 5.0 percent today but analysts say a slowing economy will force it to cut borrowing costs next month, even though inflation is heading higher.
]]></description>
		<link>http://www.propertyrenovations-ely.co.uk/property/property-information/boe-leaves-uk-rates-at-5/</link>
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