Wednesday, April 24

Day: June 29, 2015

Average mortgage deposit hits record £72,000
ENGLISH, United Kingdom

Average mortgage deposit hits record £72,000

    The average house buyer is putting down a record deposit of more than £72,000, according to an index. It is the highest level since the Mortgage Advice Bureau (MAB), a broker, began collating the figures in March 2009. The previous peak was £71,474 in June last year. Last month, the figure rose to £72,302. Rising house prices mean that not only do buyers need to find bigger deposits, but the increased equity also helps those already on the property ladder to put down larger amounts on their next home. The average deposit as a proportion of a loan rose from 28pc to 30pc. Earlier this week figures from Halifax showed house prices in the UK had risen by more than £100 a day in April, taking the average value across Britain to £196,412. MAB's index – compiled using ...
Bangladesh fighter jet crashes in Bay of Bengal: Pilot missing
Bangladesh, ENGLISH

Bangladesh fighter jet crashes in Bay of Bengal: Pilot missing

    A training aircraft of the Bangladesh Air force has crashed in the Bay of Bengal, and its pilot Flight Lieutenant Tahmid is still missing. The Air Force, the Navy and the Coastguard are jointly searching for the pilot and the wreckage in the Bay. The F-7 aircraft  took off from Chittagong Shah Amanat Airport around 10.30 this morning, and lost contact with the control room around 11am. It is assumed that the plane crashed 6 nautical miles off Patenga beach in Chittagong. The coast guard claims that they have traced some debris of the aircraft.
Banks are clusure as Greece concerns
ENGLISH, Europe

Banks are clusure as Greece concerns

    European financial markets, including the FTSE 100, have fallen sharply as Greece teeters on the brink of financial collapse and a messy exit from the euro. Greek banks and the Athens stock market were ordered to remain closed, while holiday-makers and savers found cashpoint machines empty as they flocked to withdraw money in the hours after the announcement of a snap referendum on austerity measures put forward by creditors. David Cameron said the public poll on July 5 was essentially an "in/out" vote on whether the deeply-indebted country should leave the single European currency. It was "hard to see" how the No vote recommended by prime minister Alexis Tsipras could be compatible with Greece remaining in the euro, said Mr Cameron. The Prime Minister was chairing a m...
Dalai Lama urges happiness and peace at Glastonbury
London

Dalai Lama urges happiness and peace at Glastonbury

    The Dalai Lama made his first appearance at Glastonbury on Sunday, spending an hour in the rain addressing festival-goers on how the world could be a happier place. The Tibetan spiritual leader called for a more "holistic education" from kindergarten to university, which "should bring a sense of care" and help "promote human love". "Everyone has the right to achieve a happy life," he told hundreds gathered at the Greenfield site, an area of calm away from the madness of the main music stages. The elderly Buddhist monk hailed the "full joy" of the revellers present, and got into the spirit himself by wearing a Glastonbury t-shirt on his head against the rain. He was treated to a rendition of "Happy Birthday" by the crowd in honour of his 80th year, and urged them to "t...