Brett’s Weekly Property News: Let’s talk real issues at the G20
Hey guys,
As the top UK financial leaders prepare for the next G20 summit, Lord Turner, head of the FSA, urges them to consider capping bankers’ bonuses. Funny the FSA didn’t mention that they should have tightened lending before the credit crunch. See if you agree with me that this is just another distraction from the real issues?
We take a look at the LIBOR and how it’s now on par with the BoE base rate at 0.57%. This is good news for those who are on a LIBOR tracker. It’s also a sign that stability and trust are beginning to build between banks. Although they are not yet on top of their balance sheets this will definitely help.
And if you are looking for a new mortgage, don’t just look at the interest rate as you may be paying more than your neighbour (even though he is on higher rate). We’ll work out the real price of mortgages and learn how to look at the overall rate to get the best out of the market.
For the third week running we’ll close on a good note. The CBI says ‘Britain has probably come out of recession’. Things are looking up much quicker than predicted!
As always if you have any questions or want to have a chat about current opportunities call the team on 0207 812 1255.
Live with Passion,
Brett Alegre-Wood
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