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September 27, 2007
House price falls warns Barratt
Permalink: House price falls warns Barratt
by Kay Mitchell
The recent problems at Northern Rock and the credit squeeze will push down demand for new homes and could result in price falls, warned Barratt’s, Britain's biggest housebuilder.
Barratt’s chief executive, Mark Clare, commented that they have noted that mortgage lenders are much ...
20% cause damage while doing DIY
Permalink: 20% cause damage while doing DIY
by Kay Mitchell
Research by Churchill Insurance shows that around 20% of homeowners have caused damage to their home during renovations.
It is national DIY this week and presenter of How to be a Property Developer, Gary McCausland, warns potential renovators to be cautious as ...
House prices down in summer but autumn will see improvement
Permalink: House prices down in summer but autumn will see improvement
by Kay Mitchell
According to Team Association, the UK-wide network of independent estate agents, the average house price in August was £221,708, down 0.4% from July’s figure.
A spokesperson for Team Association highlighted that this was due to a lack ...
Margate growing in popularity
Permalink: Margate growing in popularity
by Kay Mitchell
A place in the country or by the seaside is becoming more and more popular for people according to many estate agents.
The latest up-and-coming seaside resort is Margate in Kent which is undergoing regeneration, the listed stone pier is to be ...
September 26, 2007
Listing fewer bedrooms won’t save cash on Hips
Permalink: Listing fewer bedrooms won’t save cash on Hips
by Kay Mitchell
The Association of Home Information Pack Providers (Ahipp) have said there is little to be gained by not listing a property as having fewer bedrooms in order to avoid paying for a home information pack (Hip).
According to ...
Rental market is currently strong
Permalink: Rental market is currently strong
by Kay Mitchell
According to Hamptons International, landlords with buy-to-let mortgages are reaping the rewards as the rental market is incredibly strong. Tenants are renewing and new applicants are moving with the start of the school year. Furthermore, graduates are moving to the capital and ...
Labour helps create nation of homeowners
Permalink: Labour helps create nation of homeowners
by Kay Mitchell
Prime minister, Gordon Brown has said Labour has helped create a nation of homeowners.
Gordon Brown said problems with debt and mortgage repayments are not as bad as they were in the early 1990s, taking into account that nearly 2 million new ...
Homes to cost £1 million in London in 10 years
Permalink: Homes to cost £1 million in London in 10 years
by Kay Mitchell
According to building society Stroud & Swindon, in a decade’s time first-time buyers in London will need approximately £1 million to buy a home.
The research was based on house price growth for first-time buyers between 1997 and ...
September 25, 2007
The future of estate agents is online
Permalink: The future of estate agents is online
by Kay Mitchell
According to online property portal, Hotproperty.co.uk, the property market is becoming more reliant on the internet, however there is still a strong demand for high street offices.
Supermarket giant Tesco recently announced that it would go head-to-head with estate agents allowing ...
Multi-million pound homes in Central London expecting a fall
Permalink: Multi-million pound homes in Central London expecting a fall
by Kay Mitchell
The cost of multi-million pound homes in prime London could decline in the short-term as concerns over City bonuses, job security and weaker financial markets have an effect.
According to official government figures, City bonuses amounted to £8.8 ...
Buy-to-let landlords selling their properties
Permalink: Buy-to-let landlords selling their properties
by Kay Mitchell
According to landlord.co.uk, the property website, buy-to-let landlords could spark a house price crash as a growing number are selling their properties following worries of price falls and rising interest rates.
landlord.co.uk, which has 14,000 registered landlord users, added that many are ...
September 24, 2007
Notting Hill most desirable area of London
Permalink: Notting Hill most desirable area of London
by Kay Mitchell
According to Hamptons International estate agents, the most desirable place to live in London is Notting Hill.
Research performed during London fashion week recently discovered that the west London area remained the capital's favourite, with prices rising by 45% in the ...
Cautious buyers scrap plans to move house
Permalink: Cautious buyers scrap plans to move house
by Kay Mitchell
Many thousands of homebuyers have scrapped plans to move house after the British banking crisis surrounding Northern Rock led to insecurity in the property market.
Estate agents have seen the number of enquiries fall by 25% and the number of potential ...
Britons want adjustments to Hips
Permalink: Britons want adjustments to Hips
by Kay Mitchell
Home Information Packs became compulsory for 4 or more bedrooms on August 1, on September 10 this was rolled-out to 3-bedroom homes. However, just a few weeks after the launch, home sellers are asking for changes to the scheme. Approximately, 63% of ...
Stamp duty in London – 807% rise
Permalink: Stamp duty in London – 807% rise
by Kay Mitchell
The average price of a one-bedroom flat in central London is £263,253 according to Zoomf.com, the property search engine.
A decade ago, the average London flat cost £87,088, at that time stamp duty would have been £871. Stamp duty ...
September 21, 2007
ITV to investigate mortgage market
Permalink: ITV to investigate mortgage market
by Brian Turner
ITV are investigating the UK mortgage market for their award winning current affairs series "The London Programme", and are looking for people to share their experiences.
ITV London are focusing on issues of debt and affordability in the mortgage market, and are looking ...
Borrowers will benefit from bank injection
Permalink: Borrowers will benefit from bank injection
by Kay Mitchell
The Bank of England has recently announced that it will pump £10 billion into the UK economy in the form of loans to Banks that will use mortgages and other assets as security.
According to the Council of Mortgage Lenders (CML), this ...
Gazumping costing £300 million each year
Permalink: Gazumping costing £300 million each year
by Kay Mitchell
After you've agreed a price for a property and the seller accepts a higher offer from another buyer, this is known as Gazumping and according to research by personal finance website Fool.co.uk., it is costing homeowners almost £300 million annually.
When ...
A new development from Barratt Homes West Midlands
Permalink: A new development from Barratt Homes West Midlands
by Kay Mitchell
A new development from Barratt Homes comprising well-priced stylish new homes are on offer in Netherton, 1.5 miles south of Dudley, West Midlands.
The homes are set in a charming location - at the canal-side development, Canal Walk in Netherton. ...
Barratt Homes – ideal investment in Coventry
Permalink: Barratt Homes – ideal investment in Coventry
by Kay Mitchell
Award-winning house builder, Barratt Homes, is introducing CV One in Lower Ford Street, Coventry. The development is suitably located within walking distance of all Coventry’s amenities as well as the bus and train stations. Furthermore, it is just minutes ...
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