Mortgage rates set to tumble as banks' borrowing rates fall to a record low - Daily Telegraph Mortgage rates set to tumble as banks' borrowing rates fall to a record low - Daily Telegraph
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Wednesday, June 20, 2012

Mortgage rates set to tumble as banks' borrowing rates fall to a record low - Daily Telegraph

Mortgage rates set to tumble as banks' borrowing rates fall to a record low - Daily Telegraph

Mark Harris, chief executive of mortgage broker SPF Private Clients, said: "With Swaps falling to their lowest levels ever, we have to expect to see cheaper fixed rates. Two and three-year Swaps are below 1 per cent and five-year Swaps are approaching 1pc so watch this space when it comes to cheaper pricing on short-term fixed-rate mortgages.

"Lenders are expecting a quiet July and August, particularly once the Olympics start, so those who want to boost business beforehand will need to offer some decent rates to entice borrowers. Abbey has made some minor improvements to its offering this week [launching a five-year fix at 3.99% for homebuyers and one at 4.09pc for remortgaging on Monday at 60pc LTV with £995 fees], while others such as Northern Rock are trying to drum up some business before the traditional summer lull.

'We are also seeing smaller lenders with limited tranches of money dip in and out of the market with some attractive rates, such as Nottingham BS which has launched a five-year fix at 3.69pc. But deals this good really won't be around for long so borrowers will need to move quickly if they wish to secure such a rate."



Revolutionary Wholesale Ecommerce Platform ShopToko.com Beta Launch - YAHOO!

ShopToko.com - For Independent Retailers. Wholesale. No Minimums.

New York, NY (PRWEB) June 20, 2012

June 20, 2012, NEW YORK, NY—ShopToko.com is a revolutionary business-to-business ecommerce platform that creates a solution for the independent retailer. ShopToko provides independent retailers with a better way to buy and gives them the opportunity to bring new product directly to their customer base, without the inherent financial risks. ShopToko is essentially boutique wholesale with no minimums.

CEO Liza Deyrmenjian and COO Katherine Danesi conceived and built ShopToko specifically as a resource for the underserved, overlooked independent retailer. “No one was focusing on the independent boutiques, yet those are the very stores that new brands depend on to get their start,” states Deyrmenjian. “The ongoing problem in retail is cash flow. It affects everyone across the industry from the major players to the boutiques,” adds Danesi. ShopToko gives retailers a better, less financially risky way to buy. It connects them with unique and trending product that can be purchased immediately with no minimums. ShopToko allows independents to participate in fast fashion and to compete with chain retailers and department stores. Deyrmenjian aims to “empower independent retailers by making them, collectively on ShopToko, the largest major in the world.”

ShopToko is growing quickly, with more than 2,000 retailers registered to date and close to100 brands having been sold on the site. Additional features will be added to the ShopToko.com this fall in order to facilitate further expansion.

About ShopToko.com


ShopToko, a new online fashion ecosystem, connects brands to independent retailers through online, curated sales. ShopToko allows the independent retailer to discover and buy new brands with no minimums, enabling them to test lines without risking cash flow. For more information about ShopToko, visit http://www.shoptoko.com

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Media Contact:


Caroline Andoscia // caroline(at)andoscia(dot)com // 212.475.2122 x701


Michelle Luz // michelle(at)andoscia(dot)com // 212.475.2122 x703

Caroline Andoscia
Andoscia Communications
(917) 207-5060
Email Information




Zombie Shopping Mall review: Digital Spy takes on the undead - Digital Spy


Closure of Birthdays brings number of empty units in Gloucester city centre to 49 - This is Gloucestershire

ANOTHER closure has brought the total number of empty units in Gloucester's main shopping area to 49.

Birthdays shut the doors of its Eastgate Shopping Centre branch, which includes a Pure Party outlet, on Sunday, with the loss of eight jobs.

  1. GONE: Pure Party and Birthdays shop in Eastgate Shopping Centre.

It is part of the Clinton Cards group which is in administration.

A spokesman said there were no plans to close the Gloucester or Stroud branches.

Figures from the city council show 10 shops within the central shopping area have closed since January, when 39 of the 308 units were empty.

Kayleigh-Anne Hampton, 24, from Brockworth, said of the latest closure: "It can just join the rest of the empty shops. There's lots."

Joanne Batt, 23, of Painswick Roadsaid: "It's not so bad it's gone because we have got Clintons and Card Factory."

Kirsty Barclay, 21, from Painswick Road said: "There will be more shutting.

"Shopping here is too expensive as most people are on benefits."

Aaron James, 34, from Stonehouse, said: "It's quite shocking so many places are closing.

"The only thing that seems to be opening is 99p shops."

Dave Robinson, 62, from Tredworth said: "I'm not surprised. Gloucester is dead for shopping and something needs to be done."

Activities

Rob Key, 40, of Hucclecote said he often shopped in Birthdays and will miss it.

Secretary of Gloucester City Centre Community Partnership Barry Leach said: "We are holding our own but need to do better.

"We need more activities so the city centre is not just about shopping."

City council leader Paul James said there was "not a lot" the council could do about national closures.

He added: "I absolutely agree we need to make the city centre about more than shopping."

He pointed out upcoming events in the city centre, including the night market, Hat Festival and Food Festival.


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