July 11, 2007

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Mumbai starts to rival New York and London

Permalink: Mumbai starts to rival New York and London
by Kay Murchie

Recent data from the Global Property Guide has revealed that house price inflation in Mumbai is rivalling that of New York, London and Moscow. Mumbai, India's heavily populated city and financial capital has watched its growing economy drive ...

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Government must review Stamp Duty

Permalink: Government must review Stamp Duty
by Kay Murchie

It is believed by many analysts that interest rates will increase further over the next few years and with first-time buyers already struggling to save money for a deposit, they also have to find over £1,000 to pay stamp duty. A ...

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Chancellor wants shake-up of the housing market

Permalink: Chancellor wants shake-up of the housing market
by Kay Murchie

The Chancellor of the Exchequer, Alistair Darling, has declared that the lack of housing and increasing prices in housing has become a problem for the whole country. During 2006, 160,000 new houses were built in Britain but the Government ...

July 10, 2007

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Smoking ban should be an incentive to save for a property

Permalink: Smoking ban should be an incentive to save for a property
by Kay Murchie

According to Abbey Mortgages, the average smoker could save around £1,288 per annum by giving up cigarettes. Therefore, a couple who both smoke could save double this amount and save for a deposit by this ...

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House prices increase with a sea view

Permalink: House prices increase with a sea view
by Kay Murchie

The annual seaside town review has been carried out by The Bank of Scotland and according to the figures, prices of houses around the UK's most popular coastal resorts have increased by more than 200% since the start of ...

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Shared ownership popular for first-time buyers

Permalink: Shared ownership popular for first-time buyers
by Kay Murchie

In June, the Council of Mortgage Lenders, Northern Ireland, established that increasing house prices have meant that shared ownership schemes are increasing in popularity. Lenders are actively supporting these schemes. Many first-time buyers throughout the UK are unable to buy ...

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Sign up for a new mortgage

Permalink: Sign up for a new mortgage
by Gill Montia

The figures for missed monthly mortgage repayments have been deteriorating over the past 12 months, when homeowners were defaulting on their mortgages at a rate of 36,000 a month according to The Council of Mortgage Lenders The fifth interest rate rise ...

July 9, 2007

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Britain - value for money towns

Permalink: Britain - value for money towns
by Kay Murchie

The Halifax has recently identified towns in Britain that offer good value for money for those considering moving home and first-time buyers. They have studied property prices in 549 post towns and ranked them according to the Halifax Quality of ...

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France continues to entice investors as the President announces no more taxes

Permalink: France continues to entice investors as the President announces no more taxes
by Kay Murchie

The new French President, Nicolas Sarkozy, is introducing tax breaks to strengthen the economy and as a result, property prices could soar. He has announced that there will be no taxes if an employee works ...

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The current position of the UK housing market

Permalink: The current position of the UK housing market
by Kay Murchie

After the huge property price increases of 2006, there are a number of issues to cloud the growth in 2007. Many property experts believe the UK property market is slowing down after a period of ongoing growth. The primary ...

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Investors could benefit from new University in Burnley

Permalink: Investors could benefit from new University in Burnley
by Kay Murchie

Burnley is thought to be a property hotspot and a new university in the town could be a great opportunity for many investors. Development of the £80 million Burley College and University is already in progress on the ...

July 6, 2007

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Returns within 5 years for buy-to-let landlords

Permalink: Returns within 5 years for buy-to-let landlords
by Kay Murchie

One in three buy-to-let landlords anticipates making a profit between 5 and 10 years, according to data by BM Solutions. 15% of landlords said they expect to profit from a buy-to-let investment within the first year while 5% said it will ...

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A further hike in interest rates

Permalink: A further hike in interest rates
by Elaine Frei

The interest rate is now at its highest level since March 2001, the Bank of England raised the base rate by a further 0.25% to 5.75%. Some economists have warned that rates could rise again towards the end of the year - ...

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Properties by the sea are soaring in price

Permalink: Properties by the sea are soaring in price
by Kay Murchie

According to the Halifax, house prices by the seaside are usually very different to those inland. The average property price in June in 24 seaside towns was 20% greater than the country average with the south west accounting for ...

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One third of income spent on mortgages

Permalink: One third of income spent on mortgages
by Kay Murchie

In parts of London, people in their 20’s are spending 50% of their earnings on their mortgage. Rising interest rates and the house price boom means that first time buyers across the rest of the country are paying nearly ...

July 5, 2007

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House prices across Glasgow up by £16,000 in a year

Permalink: House prices across Glasgow up by £16,000 in a year
by Kay Murchie

The latest quarterly house price report from Glasgow University reveals that annual property price inflation in the West of Scotland is up 11% - nearly treble the 4.1% of growth 12 months ago. Glasgow has seen the ...

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£60,000 villas in Goa, India

Permalink: £60,000 villas in Goa, India
by Kay Murchie

Goa is the Northern Indian state, it boasts 60km of soft sand and is renowned for its peaceful beaches and turquoise waters. Fresh seafood, cooked with coconut and spices is plentiful on the beach. David Stanley Redfern Ltd, the overseas property specialist, ...

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Help your child get onto the property ladder

Permalink: Help your child get onto the property ladder
by Kay Murchie

Soaring property prices and increasing debt means that many young people are unable to afford a home. Mortgage lenders are creating new products but many are relying on the ‘bank of mum and dad’. 50% of first-time buyers are ...

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Beware of cowboy builders

Permalink: Beware of cowboy builders
by Kay Murchie

With popular TV make-over shows, it’s no wonder Britons are obsessed with improving their homes and undertaking building projects. According to the National Home Improvement Council, many homeowners are inadequately skilled to carry out these projects and should seek expert help and advice. ...

July 4, 2007

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Re-mortgaging expected to increase

Permalink: Re-mortgaging expected to increase
by Kay Murchie

Latest figures published by the Council of Mortgage Lenders (CML) have indicated that re-mortgaging could have a significant effect on the UK market this year. Fixed-rate deals are due to mature over the course of the summer meaning borrowers will be affected by rising ...