October 23, 2007

Government causing homeowners to worry say CML

Permalink: Government causing homeowners to worry say CML
by Kay Murchie

The government is at risk of causing customers to be alarmed by constantly criticising mortgage companies for irresponsible lending’, the Council of Mortgage Lenders (CML) warned. Director General of the CML, Michael Coogan, said Alistair Darling, the Chancellor, is repeatedly ...


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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	October 23, 2007 Government causing homeowners to worry say CML Permalink: Government causing homeowners to worry say CML by Kay Murchie The government is at risk of causing customers to be alarmed by constantly criticising mortgage companies for irresponsible lending’, the Council of Mortgage Lenders (CML) warned. Director General of the CML, Michael Coogan, said Alistair Darling, the Chancellor, is repeatedly ... (more...) Quality of life found in Wokingham Permalink: Quality of life found in Wokingham by Kay Murchie Edinburgh was recently named the best place to live in the UK by 4Homes poll. Now, research conducted by Halifax Estate Agents has said that the residents of Wokingham, Berkshire have the highest level of quality of life in Great Britain. Last ... (more...) October 22, 2007 September - quiet month for estate agents Permalink: September - quiet month for estate agents by Kay Murchie According to data from the National Association of Estate Agents (NAEA), September was a quiet month for the UK property market as the number of sales agreed and buyers on books were both down for the time of year, whereas ... (more...) Property prices of 12 times income in London boroughs Permalink: Property prices of 12 times income in London boroughs by Kay Murchie Figures revealed in the CACI Housing Affordability Index, has discovered that the London Boroughs of Camden, Westminster, and Hammersmith & Fulham, together with South Buckinghamshire and Elmbridge in Surrey, all have average property prices of between 10 and ... (more...) Fastest rising house prices in Scotland Permalink: Fastest rising house prices in Scotland by Kay Murchie According to a survey by The Bank of Scotland, the fastest rising house prices are in the town of Inverurie in Aberdeenshire. Along with Aberdeen and Edinburgh, they are the only places in Scotland where the average cost of a home ... (more...) Buy-to-let continues to grow for student landlords Permalink: Buy-to-let continues to grow for student landlords by Kay Murchie Hamptons International, the estate agents, said they are experiencing an extremely busy student season. A shortage of supply and growing demand is changing the way in which the market operates. Hamptons said that students are renewing their tenancies as a result ... (more...) Lenders pulling out of mortgage offers Permalink: Lenders pulling out of mortgage offers by Kay Murchie According to Convex Conveyancing, the online property conveyancer, at least 6,500 homebuyers who have already exchanged on properties could lose thousands of pounds as lenders try to wriggle out of mortgage offers before completion. Convex research discovered that 10% of ... (more...) October 19, 2007 Mortgage lending falls, suggesting a slowdown Permalink: Mortgage lending falls, suggesting a slowdown by Kay Murchie According to the Council of Mortgage Lenders (CML), the total value of mortgages approved in September was down by more than £4 billion in August to £29.96 billion – a decline of 12%, suggesting a housing market slowdown. The decline was ... (more...) Edinburgh is best place to live in the UK Permalink: Edinburgh is best place to live in the UK by Kay Murchie The Channel 4’s property investment programme Location, Location, Location hosted by Phil Spencer and Kirstie Allsopp have conducted a 4Homes poll and Edinburgh has been named the best place to live in the UK. Property prices were one ... (more...) Advice essential if purchasing overseas property Permalink: Advice essential if purchasing overseas property by Kay Murchie Surveys by Barclays and Yorkshire Bank have established a significant rise in the amount of people wanting to purchase abroad, whether for investment or residential purposes. The International Property Investment Pavilion (IPI) 2007 Report issued this week shows that Britons spend ... (more...) IMF – housing market facing a slump Permalink: IMF – housing market facing a slump by Kay Murchie The International Monetary Fund (IMF), the world’s leading economic institution, has commented that property in the UK is overvalued by 40%. IMF said it is likely that the credit crunch will have a huge affect on house prices which could ... (more...) October 18, 2007 Home Information Pack roll-out on hold Permalink: Home Information Pack roll-out on hold by Kay Murchie Home Information Packs (Hips) were launched on 1st August this year for 4-bedroom properties and rolled out to 3-bedroom houses on 10th September. Currently, they cover roughly 63% of all housing stock in England and Wales. The Government has been pushing ... (more...) Interest rate cut hopes Permalink: Interest rate cut hopes by Kay Murchie It has materialised that an interest rate cut is looking likely after minutes from the Bank of England’s Monetary Policy Committee meeting showed members talked about the option of reducing rates from 5.75% to 5.5% to kick-start the slowing economy following the crisis ... (more...) More paying mortgage using credit cards Permalink: More paying mortgage using credit cards by Kay Murchie According to a report published by the housing charity, Shelter, over one million UK homeowners have used high-interest credit cards to pay their mortgage or rent payments during the last 12 months. The report was carried out by YouGov for Shelter ... (more...) Homeowners avoid long-term mortgages Permalink: Homeowners avoid long-term mortgages by Kay Murchie Homebuyers are rejecting long-term fixed-rate mortgages despite the Government insisting that these deals will help to generate a more stable property market and would be ideal for stretched borrowers. Chancellor Alistair Darling reiterated the Government’s wish to see more long-term deals in last week’s ... (more...) October 17, 2007 Affordable ‘green’ homes to tackle housing shortage Permalink: Affordable ‘green’ homes to tackle housing shortage by Kay Murchie The findings of the Homes for the Future: More Affordable, More Sustainable consultation paper on the future of housing in the UK has been revealed by the government. The paper summarises the government’s plans to tackle the housing shortages which ... (more...) UK mortgage market is good Permalink: UK mortgage market is good by Kay Murchie According to the Intermediary Mortgage Lenders Association (IMLA), the UK mortgage market is essentially sound in spite of the recent turbulence in the global financial markets and on the high-street. The IMLA commented that conditions are now returning to some normality in ... (more...) Beware Sale-and-rent-back companies Permalink: Beware Sale-and-rent-back companies by Kay Murchie Sale-and-rent-back companies have been featured recently on programmes such as ITV1’s Tonight with Trevor McDonald and BBC1’s Watchdog. Such schemes have been labelled ‘a disaster waiting to happen’. The amount of firms offering this scheme has increased rapidly over the last 18 months. Some of ... (more...) October 16, 2007 A decline in house price inflation Permalink: A decline in house price inflation by Kay Murchie The Department of Communities and Local Government (DCLG) has proof that house price inflation is falling and a cooling property market is emerging. In August, prices across the country increased by 0.5% taking the average house price in the UK to ... (more...) A decline in average property sale time Permalink: A decline in average property sale time by Kay Murchie According to data published by conveyancing firm LMS, a decline has been noted in the average number of days it takes to sell a property in the UK from 53 days to 49 days over the third quarter of this ... (more...) « Previous Page — Next Page »	Latest News: Housing starts in England fall in Q2 Homebuyers demanding discount on properties Persimmon adds to housebuilder woes CML: Slump in mortgage lending continues Lodger could help homeowners during credit crunch Reminder to students of tenancy deposit protection scheme Wolsey: Housing transaction levels fall to dangerously low levels UK lending to fall by 20% Rics expects oversupply to hit rents Skandia predicts exodus of buy-to-let investors Most Read News Today: Westfield London’s Shepherd’s Bush shopping centre 92% let Homebuyers demanding discount on properties Persimmon adds to housebuilder woes Nationwide to offer 95% mortgage Housing starts in England fall in Q2 NAEA to launch property website Barratt Developments in crisis as share price plummets NHBC Buildmark Insurance Certificate: What you need to know Reminder to students of tenancy deposit protection scheme CML: Slump in mortgage lending continues Most Read News To Date: NHBC Buildmark Insurance Certificate: What you need to know Possible housing crash in 2008 Innovative investment fund from Strutt & Parker Northern Ireland property prices drop Property Prices in Ireland could fall up to 60% How to Extend Your Flat Lease Barratt Developments in crisis as share price plummets Bradford & Bingley rescued from the brink of collapse The current position of the UK housing market Nationwide to offer 95% mortgage
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Government causing homeowners to worry say CML

Quality of life found in Wokingham

September - quiet month for estate agents

Property prices of 12 times income in London boroughs

Fastest rising house prices in Scotland

Buy-to-let continues to grow for student landlords

Lenders pulling out of mortgage offers

Mortgage lending falls, suggesting a slowdown

Edinburgh is best place to live in the UK

Advice essential if purchasing overseas property

IMF – housing market facing a slump

Home Information Pack roll-out on hold

Interest rate cut hopes

More paying mortgage using credit cards

Homeowners avoid long-term mortgages

Affordable ‘green’ homes to tackle housing shortage

UK mortgage market is good

Beware Sale-and-rent-back companies

A decline in house price inflation

A decline in average property sale time

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