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June 19, 2007
London boroughs see decline in asking prices
Permalink: London boroughs see decline in asking prices
by Kay Murchie
Average prices in London rose 0.7% in June, this figure was below the national average of 0.8% - the first time since December. Average national asking prices reached a new record high of £239,317, due to the new properties ...
Award for Britannia Building Society
Permalink: Award for Britannia Building Society
by Kay Murchie
The recent annual Moneyfacts Awards have taken place and Britannia Building Society has received the title of Best Provider of Three-Year Fixed Rate Mortgages. The award identifies banks and building societies that have presented customers with the most competitive products, the ...
Gordon Brown should focus on housing
Permalink: Gordon Brown should focus on housing
by Kay Murchie
The National Housing Federation (NHF) together with the homelessness charity shelter said that an additional £3.75 billion of public money is required over the next 3 years to address the housing shortage. These organisations are insisting that Gordon Brown, prime ...
London is second most expensive city in the world
Permalink: London is second most expensive city in the world
by Kay Murchie
The latest Cost of Living Survey by Mercer has revealed that the UK capital is the second most expensive city in the world. This is due to the continuing rise in property prices, together with high priced ...
7% of new homes in the UK are self-build
Permalink: 7% of new homes in the UK are self-build
by Kay Murchie
Thousands of British families are now choosing to build a new home from scratch. Research by the Joseph Rowntree Foundation, the housing think-tank, illustrate that approximately 7% of new homes in the UK are built from scratch. ...
June 18, 2007
Beautiful Borneo – an investment worth considering
Permalink: Beautiful Borneo – an investment worth considering
by Kay Murchie
The Nexus Bay resort in Borneo is enticing British homeowners and those looking for a second home. This resort is in the north-east of the city and the properties are on the 4000-acre Karambunai peninsula and are gated, guarded and ...
Lisbon ranked as one of Europe’s best buys
Permalink: Lisbon ranked as one of Europe’s best buys
by Kay Murchie
A rebirth is occurring in Lisbon, buildings are being cleaned up and a new infrastructure project is taking place - a high-speed rail link from Lisbon to Madrid has recently been approved.
Lisbon is becoming more appealing to property investors ...
London house prices equal to Monaco
Permalink: London house prices equal to Monaco
by Kay Murchie
Property prices in some of the elite postcodes in London are soaring and have risen by 33% over the last 12 months. According to research, this is the fastest rate for 30 years.
In addition, superior homes in Knightsbridge ...
New mortgage products for first time buyers
Permalink: New mortgage products for first time buyers
by Kay Murchie
According to recent reports, mortgages could rocket to up to 10 times the average salary by 2026. Therefore, lenders must collectively introduce new products to enable first time buyers to get onto the property ladder.
The mortgage industry confesses there ...
Quicker house sale without an estate agent
Permalink: Quicker house sale without an estate agent
by Kay Murchie
According to a recent study, 55% of homeowners depend on an estate agent to value their property and 85% rely on an estate agent to sell their home. Avoiding this method and selling your own property could result in ...
Homeowners rush to sell to avoid postponed Hips
Permalink: Homeowners rush to sell to avoid postponed Hips
by Kay Murchie
Property owners persist to put their home on the market in June to avoid home information packs. According to Rightmove, the property listing website, houses on the market rose by 10% in June and 200,000 more homes were ...
Assistance offered to “Sam” mortgage victims
Permalink: Assistance offered to “Sam” mortgage victims
by Kay Murchie
Barclays have, at long last, decided to provide help to the thousands of elderly homeowners who experienced financial difficulty after taking on a share appreciation mortgage (Sam).
These much-criticised loans were offered by the Bank of Scotland (now HBoS) and Barclays in ...
Top seaside towns in Britain
Permalink: Top seaside towns in Britain
by Kay Murchie
The small Scottish fishing port, Girvan in Ayrshire, has been given the title of Britain’s hottest seaside town. The town is renowned for its landmark clocktower Auld Stumpy and the Easter cycle race.
According to the Halifax’s annual survey, Girvan ...
June 15, 2007
First time buyers receive financial support from parents
Permalink: First time buyers receive financial support from parents
by Kay Murchie
The Council of Mortgage Lenders (CML) have established that one third of first time buyers will have to get financial help from their parents if they want to take their first steps onto the property ladder.
Young people ...
Florida – a solid long term investment
Permalink: Florida – a solid long term investment
by Kay Murchie
UK Property investors are still looking to Florida for a good investment and a recent report from GE Money Home Lending has showed excellent growth through their British Mortgages Abroad products.
The report follows the recent low house price inflation ...
Lack of housing in the countryside must be addressed
Permalink: Lack of housing in the countryside must be addressed
by Kay Murchie
According to the National Housing Federation (NHF), the Government needs to act quickly to build more properties in the countryside otherwise, rural areas will be swarming with those rich enough to buy second homes.
City people are keen to ...
Hidden extras overlooked when buying a property
Permalink: Hidden extras overlooked when buying a property
by Kay Murchie
Approximately £10 billion each year goes towards funding the hidden costs when buying a house, according to a recent survey by the Co-operative Bank.
It is estimated that people move up and down the property ladder 3.4 times during their life ...
Share ownership mortgages available
Permalink: Share ownership mortgages available
by Kay Murchie
A new mortgage is on offer which allows a first time buyer a shared ownership mortgage for properties in Scotland.
It is a fixed 3-year rate of 6.99% and allows individual borrowers up to 95% Loan to Value (LTV) on their share, but ...
Head for Southampton for a solid property investment
Permalink: Head for Southampton for a solid property investment
by Kay Murchie
According to Pearsons Estate Agents, property investors should head to Southampton. It offers a wide variety of properties and locations to match an investor’s budget with a fast moving market.
Southampton is quite a large city with a ...
New scheme could help first-time buyers save for a property
Permalink: New scheme could help first-time buyers save for a property
by Kay Murchie
A new scheme called save-to-buy could help first time buyers save for a deposit on their first home.
The scheme, which would be offered by their employers, means putting between 3% and 6% of their salary ...
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