June 27, 2007

Negative equity rears its ugly head

Permalink: Negative equity rears its ugly head
by Kay Murchie

Negative equity is rearing its ugly head again, this is when homeowners’ mortgages outweigh the value of their property. A number of borrowers are taking out bigger loans and lenders are offering first-time buyers loans between 100%-125% of the value of a ...


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Main: Home News Guides Forums Property News: Property Prices Mortgages Property Developments Rental Property Overseas Property HIPS Property Guides Property Forums: Buying Property Selling Property Estate Agents Solicitors/Legal Mortgages Builders/Developers Property Development Home Improvement Buying Property Abroad	June 27, 2007 Negative equity rears its ugly head Permalink: Negative equity rears its ugly head by Kay Murchie Negative equity is rearing its ugly head again, this is when homeowners’ mortgages outweigh the value of their property. A number of borrowers are taking out bigger loans and lenders are offering first-time buyers loans between 100%-125% of the value of a ... (more...) June 26, 2007 Property in Scotland has fallen Permalink: Property in Scotland has fallen by Kay Murchie The average house price in Scotland has fallen by 2.2% in the first quarter of 2007 – nearly £3,000, according to statistics published by the DCLG (Department of Communities and Local Government) This means that the average price of a property in ... (more...) Montenegro – the Adriatic’s well-kept secret Permalink: Montenegro – the Adriatic’s well-kept secret by Kay Murchie MontenegroPropertiesOnline.com has just been launched, the first property portal showing homes for sale around Montenegro. It is one of the newest property hotspots, the country boasts some of the most beautiful coastlines on the Adriatic with coves, sandy beaches and walled ... (more...) Cornwall – a hot county Permalink: Cornwall – a hot county by Kay Murchie Just over a decade ago, you could have bought a home in Cornwall for just £62,000, summer and surfing comes to mind when thinking of Cornwall. The population was dwindling as people moved out of the area for jobs and demand ... (more...) Renovating a derelict property is a good investment Permalink: Renovating a derelict property is a good investment by Kay Murchie Restoring old, rundown properties is still a sound investment for many property investors. Restoring a ruined property has, in the past, become a valid way of taking your first step onto the property ladder and taking on something ... (more...) Beware of auction bargains Permalink: Beware of auction bargains by Kay Murchie Many private investors choose to buy property at auctions, rundown, old houses may be overpriced at auction and an investor could be left with a considerable amount of work to do. The Society Protection of Ancient Buildings (SPAB) have warned that house ... (more...) Offset-mortgages become more popular Permalink: Offset-mortgages become more popular by Kay Murchie New statistics have revealed that an increasing number of Britons are plumping for offset-mortgages. The year-on-year growth in the popularity of offset-mortgages between April 2006 and March 2007 was 49%. In contrast, the rate of growth for non-offset lending was just 15%. 170,000 ... (more...) Luxury properties for sale on the island of Mauritius Permalink: Luxury properties for sale on the island of Mauritius by Kay Murchie Mauritius is surrounded by some of the most beautiful coral reefs in the world. Unspoilt mountains can be explored by horse, foot or bike and isolated beaches are the tradition. There is high demand for properties on ... (more...) June 25, 2007 Property appeals more than university Permalink: Property appeals more than university by Kay Murchie According to a new survey, one in ten 18-24 year olds are keen to purchase their own home rather than studying for 3 years and accruing student debts. The report states that many twentysomethings are working 2 jobs to save for ... (more...) Watermills extremely sought after Permalink: Watermills extremely sought after by Kay Murchie Watermills are becoming extremely sought after and Britain was once over-run with them. More than 10,000 controlled the energy of the rivers to do the heavy work that man was unable to do. However, times have transformed, millstreams in the 19th century dried ... (more...) Investors profiting in Las Vegas Permalink: Investors profiting in Las Vegas by Kay Murchie In 1998, Kansas property investor, Phil Ruffin, paid $165 million for 41 acres on the Las Vegas strip. Many said he had overpaid by $15 million. However, this August, he is set to close a $1.35 billion sale of 34.5 ... (more...) A helping hand for first time buyers Permalink: A helping hand for first time buyers by Kay Murchie In 1999, the average cost of a property in Britain was £96,000, however this figure has nearly doubled and today’s prices are at an average of £200,000. These figures mean that first time buyers are struggling to get onto ... (more...) Houses sell at 1980 levels Permalink: Houses sell at 1980 levels by Kay Murchie The amount of property on the market increased again during Aril and May, as sellers tried to avoid the forthcoming deadline of Home Information Packs (HIPs) and the number of houses sold reached the highest since the peak of the housing boom ... (more...) Rent your property at weekends Permalink: Rent your property at weekends by Kay Murchie Demand is increasing for short “at home” breaks which means homeowners can benefit from renting their properties out. Those that live in a huge country home for only a fraction of the year struggle to find a way for the property to earn ... (more...) DIY is vital for property owners in the UK Permalink: DIY is vital for property owners in the UK by Kay Murchie According to B&Q, the home improvement retailer, a Briton’s greatest asset is their home and many homeowners are embarking on ambitious plans to enhance their home. Rising costs related to moving house has resulted in a soaring number ... (more...) June 22, 2007 No stamp duty for first time buyers in Ireland Permalink: No stamp duty for first time buyers in Ireland by Kay Murchie Due to a new legislation in Ireland, stamp duty will be a thing of the past for first time buyers who bought a property on or after March 31st 2007. Brian Cowen, the Irish Finance Minister, has ... (more...) Interest only mortgages Permalink: Interest only mortgages by Kay Murchie 1996 saw the downfall of endowment mortgages as homeowners became concerned that their policy would not generate adequate funds to repay their debt. As a result, an increasing number of homeowners switched to repayment (capital and interest) mortgages which would guarantee that the ... (more...) Estate agents not threatened by private sales Permalink: Estate agents not threatened by private sales by Kay Murchie Recent articles in the press about growing number of people selling their homes privately has resulted in estate agents declaring that they won’t go out of business. There has been a slight increase in property owners choosing to sell their homes ... (more...) Czech Republic – a safe investment Permalink: Czech Republic – a safe investment by Kay Murchie According to a recent survey, a number of aspects have combined to make the Czech Republic a good investment for UK property investors. Many believe Czech Republic to be a sound investment. Budget airlines have been introduced – an ... (more...) Tax crackdown on holiday homes Permalink: Tax crackdown on holiday homes by Kay Murchie Approximately 300,000 Britons have a property abroad, primarily Spain and France. The majority rent out the property during high season to cover costs but are unaware that this income should be declared to the taxman. Many could be prosecuted, face penalty ... (more...) « Previous Page — Next Page »	Latest News: Confidence to return to mortgage market Birmingham’s buy-to-let market worst hit by falling property prices Unpaid rents bring bailiffs to JJB stores Balfour Beatty reaches agreement with SFO Increased call on Citizens’ Advice Bureau for debt management advice Investors look to property amid market turmoil Lenders cut mortgage rates in wake of interest rate cut 0.5% cut in base rate helps homeowners with tracker mortgages Halifax: house prices fall 1.3% in September Consumer protection Code of Practice for rent-back market Most Read News Today: Lenders cut mortgage rates in wake of interest rate cut Westfield London’s Shepherd’s Bush shopping centre 92% let Consumer protection Code of Practice for rent-back market NHBC Buildmark Insurance Certificate: What you need to know Bulgaria sees 2007 property price inflation at 50% Paragon reports 2.4% rise in rental yields Humraz launch online auction product Confidence to return to mortgage market Negative equity affects 145,000 new homeowners British Land sells The Peacocks for £116m Most Read News To Date: NHBC Buildmark Insurance Certificate: What you need to know Possible housing crash in 2008 Westfield London’s Shepherd’s Bush shopping centre 92% let Property Prices in Ireland could fall up to 60% Northern Ireland property prices drop How to Extend Your Flat Lease Innovative investment fund from Strutt & Parker Barratt Developments in crisis as share price plummets Nationwide to offer 95% mortgage Bradford & Bingley rescued from the brink of collapse
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Negative equity rears its ugly head

Property in Scotland has fallen

Montenegro – the Adriatic’s well-kept secret

Cornwall – a hot county

Renovating a derelict property is a good investment

Beware of auction bargains

Offset-mortgages become more popular

Luxury properties for sale on the island of Mauritius

Property appeals more than university

Watermills extremely sought after

Investors profiting in Las Vegas

A helping hand for first time buyers

Houses sell at 1980 levels

Rent your property at weekends

DIY is vital for property owners in the UK

No stamp duty for first time buyers in Ireland

Interest only mortgages

Estate agents not threatened by private sales

Czech Republic – a safe investment

Tax crackdown on holiday homes

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