January 28, 2008

Mortgage costs rise

Permalink: Mortgage costs rise
by Kay Murchie

With affordability problems in the housing sector for first-time buyers, it now appears this group of people could be hit again as latest figures show that average mortgage costs have increased to levels not seen since the early-1990s. In the third quarter of last ...


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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	January 28, 2008 Mortgage costs rise Permalink: Mortgage costs rise by Kay Murchie With affordability problems in the housing sector for first-time buyers, it now appears this group of people could be hit again as latest figures show that average mortgage costs have increased to levels not seen since the early-1990s. In the third quarter of last ... (more...) Infrastructure projects to support new housing developments Permalink: Infrastructure projects to support new housing developments by Kay Murchie Plans have been revealed which will allow local councils to raise cash to spend on infrastructure projects through a new Community Infrastructure Levy (CIL) . Ministers believe it is essential that new housing developments have roads, parks, playgrounds, schools and health ... (more...) January 25, 2008 Over 2 million Brits own a second home in the UK Permalink: Over 2 million Brits own a second home in the UK by Kay Murchie Research from the Office for National Statistics (ONS) has revealed that over 2 million people own a second home in Britain. A second home is considered a country house for those who live in a city ... (more...) North Essex becomes the latest commuter hotspot Permalink: North Essex becomes the latest commuter hotspot by Kay Murchie According to Savills estate agency, the latest commuter hotspot is north Essex. The agent states that the area is an undervalued market. Prices are 10% lower than West Sussex and 18% lower than Hertfordshire. Furthermore, the area boasts pretty countryside, ... (more...) Brighton grows in popularity Permalink: Brighton grows in popularity by Kay Murchie According to a survey by propertyfinder.com, Brighton is growing in popularity and has been the most sought after property region. Brighton is on the south coast of England and is a mix of Regency heritage, specialist shopping and boasts plenty of culture. propertyfinder.com ... (more...) Mortgage approvals fall to record low Permalink: Mortgage approvals fall to record low by Kay Murchie The number of new mortgage approvals have fallen to their lowest level since records began over 10 years ago. The figures from the British Bankers' Association established that in December 2007, 42,088 new loans were approved for house purchase - 38% ... (more...) January 24, 2008 Hometrack launches portfolio flood risk assessment tool Permalink: Hometrack launches portfolio flood risk assessment tool by Gill Montia Hometrack, which provides information to the UK's housing and mortgage industries, has launched a new flood risk assessment tool for residential property portfolios. The system uses a combination of available flood data in conjunction with Hometrack's automated valuation model. It allows users ... (more...) Government’s new homes target unlikely Permalink: Government’s new homes target unlikely by Kay Murchie According to the National Self Build & Renovation Centre (NSBRC), it is unlikely that the Government will achieve its plan to build 2 million new homes before 2016. The NSBRC said that while the plan is commendable and may have a positive impact ... (more...) Changes to credit checks could affect first-time buyers Permalink: Changes to credit checks could affect first-time buyers by Kay Murchie According to mform.co.uk, the online mortgage company, first-time buyers could be refused loans due to modifications in credit checks. Later this year, information regarding student loans will be integrated into people's credit files. Consequently, any missed payments to the ... (more...) Potential homebuyers search online Permalink: Potential homebuyers search online by Kay Murchie According to Globrix, the property website, prospective homebuyers are likely to search on the internet rather than visit an estate agency. A report published in 2007 backs up the company's statement as the percentage of househunters ready to do their homework online, or even ... (more...) A year of turmoil predicted in the investment property market Permalink: A year of turmoil predicted in the investment property market by Kay Murchie With the credit squeeze resulting in lenders tightening their lending criteria and buyers struggling to obtain loans, real estate developer, Great Portland Estates, is warning of a year of turmoil in the investment property market. In a statement, ... (more...) January 23, 2008 Brazil attracts young UK investors Permalink: Brazil attracts young UK investors by Gill Montia The UK is home to a growing number of young overseas property investors who are interested in exotic destinations. For this adventurous group, South America has long been a favourite travel destination, but some are now making the trip to purchase property ... (more...) Nationwide is latest lender to increase mortgage rates Permalink: Nationwide is latest lender to increase mortgage rates by Kay Murchie Nationwide has increased rates on its tracker mortgages which means rates for new borrowers will rise by between 0.05% and 0.15%. Nationwide's fixed rate mortgage deals for new customers remain the same, while existing borrowers are not affected. This ... (more...) Pressure mounts as nearly 500,000 miss mortgage payments Permalink: Pressure mounts as nearly 500,000 miss mortgage payments by Kay Murchie According to MoneyExpert.com, the personal finance website, 463,000 British homeowners missed a mortgage payment in the latter half of 2007. This represents approximately 4% of the 11.8 million outstanding mortgages in Britain. The research showed that people aged 25 ... (more...) £25 million wasted on unsuitable mortgages Permalink: £25 million wasted on unsuitable mortgages by Kay Murchie According to research from Abbey Mortgages, collectively Britain's homeowners are wasting an average of a fiver a day because they are not on the most competitive mortgage deal. The research established that if homeowners were prepared to invest an additional £5 ... (more...) January 22, 2008 Investment opportunties in Romanian city properties Permalink: Investment opportunties in Romanian city properties by Gill Montia Anglo-Romanian Development (ARD), the Romanian property specialist, is forecasting strong growth in the country's property market during 2008, as it is set to benefit from a further influx of blue chip companies. Last year, Nokia and Ford Motor Company announced plans to ... (more...) Investors in Portugal should consider new-builds Permalink: Investors in Portugal should consider new-builds by Gill Montia Quinta Sales, the Portuguese property specialist, is recommending that investors looking to buy in Portugal consider a newly-built property. James Aitkin, a director of the property broker, described new-builds in Portugal as of the "highest standard of construction", adding that older buildings ... (more...) West Country house prices withstand property slump Permalink: West Country house prices withstand property slump by Kay Murchie A housing survey carried out by the Halifax Estate Agency has revealed that homeowners in the West Country are defying predictions of a property slump as prices have not suffered such a considerable decline as the remainder of the country. The ... (more...) First-time buyers can benefit from slowing market Permalink: First-time buyers can benefit from slowing market by Kay Murchie A report from the National Association of Estate Agents (NAEA) has established that first-time buyers improved their market share in December, providing evidence that this sector is in much need of a boost. First-time buyers continued to increase their share of ... (more...) January 21, 2008 Spain heads Place in the Sun favourites Permalink: Spain heads Place in the Sun favourites by Gill Montia A recent study by A Place in the Sun magazine puts Spain at the top of the list of most attractive overseas property investment destination for UK buyers. Despite emerging interest in more exotic locations, the country took the title for ... 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Mortgage costs rise

Infrastructure projects to support new housing developments

Over 2 million Brits own a second home in the UK

North Essex becomes the latest commuter hotspot

Brighton grows in popularity

Mortgage approvals fall to record low

Hometrack launches portfolio flood risk assessment tool

Government’s new homes target unlikely

Changes to credit checks could affect first-time buyers

Potential homebuyers search online

A year of turmoil predicted in the investment property market

Brazil attracts young UK investors

Nationwide is latest lender to increase mortgage rates

Pressure mounts as nearly 500,000 miss mortgage payments

£25 million wasted on unsuitable mortgages

Investment opportunties in Romanian city properties

Investors in Portugal should consider new-builds

West Country house prices withstand property slump

First-time buyers can benefit from slowing market

Spain heads Place in the Sun favourites

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