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It is being reported that 1,100 HSBC job cuts in its global banking and markets division. The reductions in the division?s back-office operations amount to about 4% of HSBC’s wholesale banking workforce. The move follows yesterday?s news that Bradford & Bingley has...

The Property Investment Department at Attwells Solicitors has developed a package of sandwich lease documents to enable investors to secure these types of deals and to complete them quickly. Simply explained, the scheme would be set up as follows: An investor secures an option...

As of next month, extensions of up to two storeys will be permitted as long as they extend no more than 10ft from the back of an existing property ? enough for a small kitchen or spare bedroom. Loft conversions will also be allowed without planning permission, as long as they...

Jeremy Tigue, Head of Global Equities at F&C Investments, gives his views on the bailout of Fannie Mae and Freddie Mac “Monday has seen world markets rally as the US Government announced moves to bail out Freddie Mac and Fannie Mae – the quasi-private...

Hazel Blears has announced this morning that ?300 million will be made available to help people facing repossession The state will use ?200 million to pay off mortgage arrears of “decent” families who have fallen into mortgage arrears and will allocate ?100 million to...

Free Loans of up to 30% of a homes value is just one of a raft of measures that are to be formally announced today. Under the scheme loans will be made for a period of up to five years, to families with an income of up to ?60,000, after which the loan will have to be repaid and a...

The price of a typical house fell by 1.9% in August according to the Nationwide. This means that house prices are 10.5% down year on year, the building society said. The average home now costs ?164,654 which is more than ?19,000 cheaper than in the same month last year....

The annual rate of UK inflation rose to 4.4% in July, up from 3.8% in June and more than twice the government’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...