26 Apr '11, 3am

Mortgage approvals for UK landlords rise - Yahoo! News: Read 'Mortgage approvals for UK landlords rise' on Yahoo...

Mortgage lenders in the UK are rejecting first-time home buyers and other conventional applicants but are instead approving mortgage applications for landlords, which could ignite fears of a fresh buy-to-let bubble. According to statistics released by Moneyfacts, the amount of buy-to-let mortgages available for landlords rose 100 percent in the last 12 months and new launches are currently increasing. It also showed that there are 434 various buy-to-let mortgage offers currently available on the market , compared to 215 at the start of last year and 330 in March 2010. One of the top UK lenders, Nationwide, noted that it prefers to grant loans to landlords rather than first-time buyers, as it would rather provide a 75 percent loan-to-value (LTV ) for a buy-to-let loan to a seasoned buy-to-let investor rather than a 95 percent LTV for a first-time buyer. Fuelling the resurge...

Full article: http://sg.news.yahoo.com/mortgage-approvals-uk-landlords-...

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Oil prices rise after Fed holds ultra-low rates

channelnewsasia.com 27 Apr '11, 9pm

NEW YORK: Crude oil prices rose on Wednesday on the back of the Federal Reserve's decision to continue pursuing an excepti...