November 26, 2007

Mortgage approval decline triggers concerns for economy

Permalink: Mortgage approval decline triggers concerns for economy
by Kay Murchie

In October, mortgage approvals fell to their lowest level since records began 10 years ago which has sparked concerns for the economy. The British Bankers' Association (BBA) said its members lent just 44,105 mortgages for house purchase last month ...


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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	November 26, 2007 Mortgage approval decline triggers concerns for economy Permalink: Mortgage approval decline triggers concerns for economy by Kay Murchie In October, mortgage approvals fell to their lowest level since records began 10 years ago which has sparked concerns for the economy. The British Bankers' Association (BBA) said its members lent just 44,105 mortgages for house purchase last month ... (more...) November 23, 2007 Hips roll-out will affect first-time buyers Permalink: Hips roll-out will affect first-time buyers by Kay Murchie The Government announced this week that Home Information Packs are to be extended to include all properties from December 14 but the move has been criticised by many and said could be harmful to first-time buyers. Hips, including title deeds, council searches ... (more...) Graduates renting a decade after university Permalink: Graduates renting a decade after university by Kay Murchie According to research from Scottish Widows, 56% of all UK graduates are still renting 10 years after leaving university. Almost three-quarters have pooled their resources with relatives, friends or partners in order to make their first purchase, an increase on the ... (more...) November 22, 2007 Hips to include all properties from mid-December Permalink: Hips to include all properties from mid-December by Kay Murchie From December 14, Home Information Packs (Hips) will be extended to include all properties. As a result of this move, surveyors are anticipating fewer properties will be put on the market. However, the Government has said that the packs will ... (more...) Mortgage term reduced if paid in foreign currency Permalink: Mortgage term reduced if paid in foreign currency by Kay Murchie According to Alexander Associates Group (AAG), mortgage debts could be reduced if they are taken out in a foreign currency. AAG, the financial management firm, recommends that overseas property investors should consider multi-currency mortgages if they want to avoid ... (more...) One third of UK commercial buildings have foreign ownership Permalink: One third of UK commercial buildings have foreign ownership by Kay Murchie According to research from Royal & Sun Alliance, a third of commercial properties in the UK are owned by overseas-based investors. However, the insurer said the ratio will decline slightly as real estate prices slow over the next ... (more...) Concerns about the future of buy-to-let mortgages Permalink: Concerns about the future of buy-to-let mortgages by Kay Murchie Paragon, the country’s third biggest lender of buy-to-let mortgages has revealed that it has become the latest UK victim of the credit squeeze. The group said it has become impossible to borrow all the money it needs to sustain its ... (more...) November 21, 2007 Mortgage lending rose 6% in October but slowdown is threatening Permalink: Mortgage lending rose 6% in October but slowdown is threatening by Kay Murchie Figures released from the Council of Mortgage Lenders (CML) show gross mortgage lending increased from £30.6 billion to £32.4 in September. However, CML said the gains are from a time before the lending market began to suffer from ... (more...) Bayswater becomes competition for its upmarket neighbours Permalink: Bayswater becomes competition for its upmarket neighbours by Kay Murchie Bayswater is situated between Belgravia and Westbourne Grove and has traditionally been ignored. However, that now seems to be changing. The Victorian terraces and 1930s blocks are being repainted and Jimmy Choo (the luxury fashion designer best known for his ... (more...) haarts develops new website Permalink: haarts develops new website by Kay Murchie The haart estate agency group has invested over 6 months and thousands of pounds developing the UK’s most advanced property website at www.haart.co.uk. The site has been developed by Summit Media, the top web marketing agency, and is the result of intensive research into ... (more...) Increase in mortgage payments as fixed-rate deals expire Permalink: Increase in mortgage payments as fixed-rate deals expire by Kay Murchie 1.4 million property owners face an increase in their mortgage payments of at least 60% when their fixed-rate deals expire. Analysts are worried that the impact will result in a rise in repossessions. Furthermore, Michael Coogan of the Council of ... (more...) November 20, 2007 The landlord survey Permalink: The landlord survey by Kay Murchie With property prices reaching unaffordable levels for many, an increasing amount of people in the UK are renting. However, this can prove stressful with many British tenants saying dealing with a difficult landlord can be as traumatic as starting a new job! A survey fish4homes.co.uk ... (more...) Tenants urged to check tenancy agreement Permalink: Tenants urged to check tenancy agreement by Kay Murchie James Molloy, head of AA Legal Services is urging people who live in rented accommodation to get a written tenancy agreement before they move in. Landlords are required by law to ensure tenancy agreements are signed. Furthermore, items such as utility ... (more...) Farmland is an attractive investment Permalink: Farmland is an attractive investment by Kay Murchie According to estate agents Knight Frank, farmland prices have risen by 32% so far this year and nearly 10% in the 3 months to September. The increases are all the more prominent following the recent foot & mouth and blue tongue outbreaks ... (more...) ‘Perfect’ properties not selling Permalink: ‘Perfect’ properties not selling by Kay Murchie Buyers are looking for dilapidated homes to modernise as a way of adding value in a slow market meaning fully renovated properties are not selling. Prospective buyers want a project not a property, perhaps it’s due to the success of Sarah Beeny’s television ... (more...) November 19, 2007 London property market stuck in a ‘logjam’ Permalink: London property market stuck in a ‘logjam’ by Kay Murchie Estate agents have warned that the London property market is stuck in a logjam that could lead to a rapid decline in prices. Over enthusiastic sellers are saying no to low offers which is causing a huge gap between asking ... (more...) Barratt outlook strong despite slowdown Permalink: Barratt outlook strong despite slowdown by Kay Murchie Barratt Developments said rising interest rates and the credit crunch have had a negative impact on the UK property market and the firm has warned that a slowdown is likely. Barratt said in a trading statement for the 19 weeks from July ... (more...) Property market set for a slowdown next year Permalink: Property market set for a slowdown next year by Kay Murchie The Nationwide building society has warned that property price growth will grind to a halt in 2008 as the market observes a ‘significant slowdown’. The tightening of lending criteria, higher interest rates and a slowing economy are to blame. It ... (more...) Edinburgh experiences property price falls Permalink: Edinburgh experiences property price falls by Kay Murchie House prices in Edinburgh have fallen by 5.6% in the last quarter according to the latest figures in the Lloyds TSB Scotland House Price Monitor. Edinburgh is the only part of Scotland to have seen the prices of property dip over the period. ... (more...) Buy-to-let landlords urged to sell now Permalink: Buy-to-let landlords urged to sell now by Kay Murchie Experts are warning that small-time property investors with around 20 – 30 investment properties face ruin unless they sell up immediately. It is anticipated that the UK property market will crash by at least 25% meaning that buy-to-let landlords will risk losing ... (more...) « Previous Page — Next Page »	Latest News: £97m private/public sector project starts in Belfast next year RBS offers breathing space for those with mortgage arrears Brits locked out of French second-home market Land Registry reports 10% annual fall in house prices FSA warns lenders to be fair to borrowers in arrears Northern Rock raises its fixed mortgage rate Nationwide: House prices fall but pace slows Paragon forms joint venture as profit falls 23% Crosby predicts zero net new mortgage lending in 2009 Over 50s prefer life overseas to UK in recession Most Read News Today: RBS offers breathing space for those with mortgage arrears Land Registry reports 10% annual fall in house prices £97m private/public sector project starts in Belfast next year Brits locked out of French second-home market Bradford & Bingley borrowers face uncertain future Northern Rock raises its fixed mortgage rate Paragon forms joint venture as profit falls 23% Nationwide: House prices fall but pace slows Barratt Developments in crisis as share price plummets Over 50s prefer life overseas to UK in recession Most Read News To Date: Westfield London’s Shepherd’s Bush shopping centre 92% let NHBC Buildmark Insurance Certificate: What you need to know Possible housing crash in 2008 Property Prices in Ireland could fall up to 60% Barratt Developments in crisis as share price plummets How to Extend Your Flat Lease Northern Ireland property prices drop Innovative investment fund from Strutt & Parker Nationwide to offer 95% mortgage Lenders cut mortgage rates in wake of interest rate cut
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Mortgage approval decline triggers concerns for economy

Hips roll-out will affect first-time buyers

Graduates renting a decade after university

Hips to include all properties from mid-December

Mortgage term reduced if paid in foreign currency

One third of UK commercial buildings have foreign ownership

Concerns about the future of buy-to-let mortgages

Mortgage lending rose 6% in October but slowdown is threatening

Bayswater becomes competition for its upmarket neighbours

haarts develops new website

Increase in mortgage payments as fixed-rate deals expire

The landlord survey

Tenants urged to check tenancy agreement

Farmland is an attractive investment

‘Perfect’ properties not selling

London property market stuck in a ‘logjam’

Barratt outlook strong despite slowdown

Property market set for a slowdown next year

Edinburgh experiences property price falls

Buy-to-let landlords urged to sell now

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