Plans to assist house buyers - 2004-02-20
Guernsey people's dream of reaching the first rung of the property ladder are being given more help.
The Housing Authority wants to launch a new so-called Partial Ownership scheme.

They will then pay a commercial mortgage on the part they own and a rent on the share controlled by the association.
Read the full story at BBC

Don't fear U.S. consumer meltdown - 2004-02-20
Concerns that the U.S. economy will be dragged down by the weight of consumer debt are unproven, according to Invesco Perpetual's chief investment officer Bob Yerbury.

The influence of mortgage refinancing has been a major factor in maintaining consumer confidence in the US, Yerbury said. But latest figures showed a sharp fall in refinancing applications, indicating the effect of increased borrowing against property was no longer driving the economy.
Read the full story at Reuters