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August 17, 2007
Advice becoming popular for first-time buyers
Permalink: Advice becoming popular for first-time buyers
by Kay Mitchell
The Council of Mortgage Lenders (CML) has supported data released by the Royal Institution of Chartered Surveyors (Rics) highlighting that its own figures reveal a decline in first time buyer numbers.
With rising interest rates and sky-high property prices, it’s not surprising ...
Cheapest student rent in Middlesbrough
Permalink: Cheapest student rent in Middlesbrough
by Kay Mitchell
A-Level results are out so students can now choose which university they will attend but accommodation is a main aspect for students, particularly with prices varying significantly across the country.
Accommodation accounts for 40% of weekly costs for the average student and ...
Manchester Docklands is a strong investment
Permalink: Manchester Docklands is a strong investment
by Kay Mitchell
The International Property Investment Network (IPIN) has acknowledged Manyoo, in the heart of Manchester city's docklands, as a strong investment. According to IPIN, the location is ideally located near Manchester city centre, 1 mile from the M602 motorway and just ...
August 16, 2007
Britons want property with a garden
Permalink: Britons want property with a garden
by Kay Mitchell
According to Halifax Estate Agents, 78% of people in the UK would pay a premium to have a garden. Britons are prepared to pay £10,000 to have an area outside to sit. 5% said they would pay above £30,000.
A spokesperson ...
Buy-to-let mortgages for parents of students
Permalink: Buy-to-let mortgages for parents of students
by Kay Mitchell
A typical student will accumulate debts of approximately £14,000 during their 3 years at university which can take over a decade to clear. This debt can affect them getting onto the property ladder by hindering their financial start in life.
Child Trust ...
Interest rates may still rise
Permalink: Interest rates may still rise
by Kay Mitchell
The Bank of England cautioned borrowers to prepare for the bank rate to rise from its current 5.75% to 6% by the end of 2007.
Over the last 12 months, homeowners have seen the interest rate increase from 4.5% to 5.75% to ...
August 15, 2007
Land is undervalued and demand is growing in Scotland
Permalink: Land is undervalued and demand is growing in Scotland
by Kay Mitchell
For the last 5 years, property sales in Scotland have been on fire and show no signs of slowing. Scottish house price rises have outperformed the boom in London and only Northern Ireland has shown greater growth. Land ...
First-time buyers must consider hidden extras
Permalink: First-time buyers must consider hidden extras
by Kay Mitchell
FirstRungNow, the information service for first-time buyers, has advised those considering buying their first home must consider the hidden costs such as decorating and furnishing properties. Not taking hidden extras into account can put a first-time buyer into further debt, ...
Buy-to-let sector must be researched before investing
Permalink: Buy-to-let sector must be researched before investing
by Kay Mitchell
The Association of Residential Lettings Agents (Arla) has advised those looking to increase their property investment portfolio by looking at the buy-to-let sector should do their homework by researching the local market for price discrepancies.
Arla has highlighted that prices vary ...
August 14, 2007
Buyers put off by fear of new rate rise
Permalink: Buyers put off by fear of new rate rise
by Kay Mitchell
A range of indicators tracked by the Royal Institution of Chartered Surveyors (RICS) deteriorated in July, with surveyor confidence in sales numbers turning negative for the first time since March 2003. The survey established that potential buyers are ...
Variable mortgages increase despite interest rates
Permalink: Variable mortgages increase despite interest rates
by Kay Mitchell
The percentage of borrowers choosing variable mortgages has increased by 50% in spite of interest rates rising to 5.75% last month. This signifies growing consumer confidence that interest rates have peaked and property prices will stabilise in the second half ...
House price growth steadying at 9%
Permalink: House price growth steadying at 9%
by Kay Mitchell
The latest FT House Price Index has established that house prices rose by 9% over the year to July, the average price of a home is currently at £223,035.
The research was carried out by Acadametrics on behalf of the Financial Times, ...
August 13, 2007
Overseas property shows most potential
Permalink: Overseas property shows most potential
by Kay Mitchell
Research from Baydonhill, the financial services group, has established that 50% of independent financial advisers believe that the overseas property sector is likely to provide stronger returns in the short-term and over 30% have experienced an increase in overseas property business within ...
Scottish seaside towns best performers in Britain
Permalink: Scottish seaside towns best performers in Britain
by Kay Mitchell
A recent report by the Halifax has suggested that those looking at less fashionable towns by the seaside could be on to a winner. In addition, research from The Bank of Scotland research has shown that Dunbar and North ...
Up and coming seaside towns
Permalink: Up and coming seaside towns
by Kay Mitchell
A report by the Halifax has suggested that those looking at less fashionable towns by the seaside could be on to a winner. The study has used its yearly review of seaside town house prices and its quality of life survey ...
August 12, 2007
Seaside towns claim premium prices
Permalink: Seaside towns claim premium prices
by Brian Turner
A survey by Halifax has found that seaside properties typically cost 3% more over inland prices - adding over £5,000 to a seaside property value by average house prices.
The group said house prices in seaside towns averaged £187,128, compared with an average ...
August 10, 2007
Environmentally friendly housing scheme launched
Permalink: Environmentally friendly housing scheme launched
by Kay Mitchell
The government has confirmed its commitment to make zero-carbon homes a major feature of the UK property market over the next decade.
Proposals to build 240,000 such properties each year by 2016 have been granted by organisations such as the Home Builders Federation.
Yvette ...
Struggling first-time buyers looking abroad
Permalink: Struggling first-time buyers looking abroad
by Kay Mitchell
Increasing house prices and rising interest rates means that first-time buyers in the UK have had a rough time in recent years, therefore, a new trend of purchasing a property abroad is emerging, according to Investors Provident.
60% of those who did make ...
Asian property market soars, Europe slows
Permalink: Asian property market soars, Europe slows
by Kay Mitchell
According to The Global Property Guide, the online international property news portal, the global house price boom has begun to slow for countries within Europe but Asia’s property market is picking up pace.
France, Sweden, Ireland, Spain, Greece, the Netherlands, Switzerland ...
August 9, 2007
Property prices rocket in Andover, Hampshire
Permalink: Property prices rocket in Andover, Hampshire
by Kay Mitchell
Property prices in Andover, Hampshire, have soared in the last 12 months with an average increase in price of £42,000. The average price of a home in Andover has risen by 19% to £261,508 compared to £219,460 in 2006, according ...
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