All Property Week articles in 19 September 2008
View all stories from this issue.
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Online
APC advice - Week 11: Three-month supervisor review (part 2)
Jon Lever concludes his advice about preparing for the three-month meeting, and Ben Elder writes about the data management competency
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News
FSA seeks white knight for B&B
The FSA is involved in secret talks to engineer a takeover of Bradford & Bingley as it seeks a permanent solution to secure the future of the embattled buy-to-let mortgage lender.
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Scottish Enterprise in land 'fire sale'
Scottish Enterprise is hoping to raise tens of millions of pounds by selling off a large number of properties in the next few months despite a slump in the commercial property market.
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Three million homes 'not enough'
The target to build three million new homes by 2020 is not high enough to meet the growth in the number of elderly people and young families, a report says.
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HBOS: Silence over jobs alarms unions
Unions are demanding urgent meetings with Eric Daniels and Andy Hornby, the chief executives of Lloyds TSB and HBOS, as fears grow over the future of the newly merged bank's 140,000 workers.
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HBOS: Portfolio 'potentially more toxic than sub-prime'
HBOS has £6.6bn of 'Alt-A' securities, a US mortgage bond that the market fears could be more toxic than sub-prime debt.
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HBOS: Lloyds set to axe hundreds of branches
Lloyds TSB has approached property consultants to close up to 700 high-street branches when the retail bank completes the £12.2bn purchase of rival HBOS later this year.
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Wealthy not safe as £11m home repossessed
Fear of repossession is not confined to the lower-paid as £11.6m mansion in London is forcibly put on market.
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Online
House prices: asking prices drop 1%
Asking prices for UK homes fell by 1% in September from August, according to Rightmove, with London the only part of the country to register a rise for the month.
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Online
House prices: dive outstrips the 1990s
The crash in house prices is now the worst ever in Britain. HBOS will publish figures next month showing that the decline from last year's peak now exceeds the fall during the 1990s.
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US tensions rise over bail-out
A high-stakes game of political poker was under way in Washington yesterday as Congress prepared to vote this week on a plan to create a $700bn fund to buy toxic assets from banks and thereby ease the credit squeeze.
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Mayor's study examines new London airport plan
The Mayor of London, will this week launch a feasibility study into a new airport in the Thames Estuary amid growing debate over the location of additional airport capacity in the South East of England.
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News
Tesco set for new OFT probe
The Office of Fair Trading is to launch an investigation after Tesco used a local retailer to 'front' a planning application for a massive supermarket development in Devon.
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OnlineCalls for ban on shorting property shares
The Real Estate Investment Trust Association (REITA) today called for the ban on short-selling shares in banks to be extended to property shares.
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OnlineProperty shares soar as markets rally
Shares in listed property companies spiked today, dragged higher by improved confidence over the health of the financial sector.
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Policy makers move to bail out markets
The City watchdog last night took the drastic step of banning the short-selling of financial stocks at the end of a day that saw regulators and central banks fighting back against the storm in global markets.
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Housing market creating economic vicious circle
The deterioration in the UK housing market and the problems this has caused the banks is starting to create a vicious circle in the wider economy, according to Spencer Dale, chief economist at the Bank of England.
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News
Dunedin vehicle pushed into receivership
A £520m commercial property vehicle has been forced into receivership after failing to secure the emergency funding needed to address a breach of certain debt covenants.
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News
HBOS: Model 'too dependent on wholesale funding'
HBOS chief executive Andy Hornby conceded that the bank’s funding model was too dependent on the wholesale markets.
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HBOS: Lloyds TSB chief hails 'wonderful' combination
Eric Daniels, chief executive of Lloyds TSB, was clear yesterday that the takeover of HBOS would create a superb banking franchise. 'I rarely use superlatives but this is really a wonderful combination,' he said.
