The UK's independent property help portal
February 26, 2008

Austria beckons second-home buyers

Permalink: Austria beckons second-home buyers
by Gill Montia

Austria beckons second-home buyers
Austria is gaining prominence as a destination for a second home because properties are often cheaper and easier to buy than in other European countries. According to Daily Mail journalist, Liz Rowlinson, the Austrian property market is undergoing a change as it moves ...


NU launches Prestige for professional landlords

Permalink: NU launches Prestige for professional landlords
by Gill Montia

NU launches Prestige for professional landlords
Norwich Union has launched a new product aimed at rental property owners. Prestige will be of interest to landlords with large portfolios, who are currently paying annual premiums in excess of £50,000. Mike Colmans, underwriting manager of the insurer's property owners' business, says: ...


Nationwide warns landlords on tax

Permalink: Nationwide warns landlords on tax
by Gill Montia

Nationwide warns landlords on tax
Nationwide Specialist Lending is urging landlords to ensure that they declare their rental incomes correctly. The warning from the buy-to-let lender follows recent reports that Her Majesty's Revenue & Customs (HMRC) has begun a crackdown on property owners who are not declaring their ...


Growing amount of people worrying about debt

Permalink: Growing amount of people worrying about debt
by Kay Murchie

Growing amount of people worrying about debt
A survey conducted by MoneyExtra, the financial services comparison service, has revealed that many people are worried about their growing levels of debt. MoneyExtra established that 27% of consumers have increased the amount of money they have borrowed in the last ...


More housing gloom as mortgage lending continues to be subdued

Permalink: More housing gloom as mortgage lending continues to be subdued
by Kay Murchie

More housing gloom as mortgage lending continues to be subdued
Latest statistics from the British Bankers Association (BBA) show that mortgage lending last month by the UK's biggest banks continued to be subdued. BBA figures show that its members approved 44,000 new mortgages for house purchase last ...


Housebuyers need a 25% deposit say Nationwide

Permalink: Housebuyers need a 25% deposit say Nationwide
by Kay Murchie

Housebuyers need a 25% deposit say Nationwide
Nationwide, the country's fourth-biggest mortgage lender, said homebuyers should prepare themselves for a new era of mortgage lending of putting down a huge deposit. The clampdown by Nationwide comes as banks and building societies tighten their lending criteria following the credit ...

February 25, 2008

Property prices fall for fifth consecutive month

Permalink: Property prices fall for fifth consecutive month
by Kay Murchie

Property prices fall for fifth consecutive month
According to Hometrack, the housing intelligence business, their latest survey has established that property prices in England and Wales have fallen for a fifth consecutive month in February. In February overall, the survey showed average property prices were down 0.2%, with ...


South Africa tops stressful destinations table

Permalink: South Africa tops stressful destinations table
by Gill Montia

South Africa tops stressful destinations table
In the past year, property website RightmoveOverseas.co.uk has recorded a 25% increase in the number of Britons looking for property overseas. However, some destinations can be more stressful than others and HiFX, the currency specialist, has created a league table of the ...

February 24, 2008

Renewed confidence in the UK property market

Permalink: Renewed confidence in the UK property market
by Kay Murchie

Renewed confidence in the UK property market
According to the National Association of Estate Agents (NAEA), there is renewed optimism in the UK property market. In its housing market survey for January, the organisation established that sales, buyers and housing stock all increased in the month. Housing stock rose ...


Options for parents when helping kids with mortgages

Permalink: Options for parents when helping kids with mortgages
by Kay Murchie

Options for parents when helping kids with mortgages
According to Peter O'Donovan of Bestinvest, the financial advice group, there are new products available that allow parents to make contributions toward their children’s mortgage. Mr O'Donovan explained that parents have the choice as to whether they put a big ...


Estate agent Humberts affected by cooling property market

Permalink: Estate agent Humberts affected by cooling property market
by Kay Murchie

Estate agent Humberts affected by cooling property market
Humberts Group, the estate agency and surveyor that is part-owned by property tycoon Vincent Tchenguiz, has revealed a major reorganisation of the business which may lead to a sale. Following a slowdown in the housing market, the Aim-listed group has ...


Homeowners tempted to sell their gardens

Permalink: Homeowners tempted to sell their gardens
by Kay Murchie

Homeowners tempted to sell their gardens
Homeowners in London and surrounding areas are being offered large sums of money by property developers to sell their gardens. Property developers are on the lookout for space to build on and are pursuing homeowners in the hope they will sell off ...


Stamp duty soars to an average £2,000

Permalink: Stamp duty soars to an average £2,000
by Kay Murchie

Stamp duty soars to an average £2,000
According to Halifax, Britain's biggest mortgage lender, stamp duty for the average UK homebuyer has increased by more than 60% in the last 5 years. Stamp duty bills across the UK averaged £1,971 last year, up from around £1,211 in 2002. Stamp ...

February 22, 2008

Vietnam and Malaysia entice property investors

Permalink: Vietnam and Malaysia entice property investors
by Gill Montia

Vietnam and Malaysia entice property investors
UK overseas property investors are being enticed further afield by investment opportunities in the Far East, especially Vietnam and Malaysia. According to AmberLamd.com, the overseas property experts, the fast pace of urbanisation and wealth generation in both countries are creating realistic possibilities ...


HMRC crackdown on buy-to-let tax dodgers

Permalink: HMRC crackdown on buy-to-let tax dodgers
by Gill Montia

HMRC crackdown on buy-to-let tax dodgers
Accountancy firm, Wilkins Kennedy, has warned that HM Revenue & Customs (HMRC) has begun a long-awaited investigation into buy-to-let investors. HMRC is in the process of sending out letters to individuals it believes own buy-to-let properties and have failed to declare their ...


Survey reveals Britons want fixed-rate mortgages

Permalink: Survey reveals Britons want fixed-rate mortgages
by Kay Murchie

Survey reveals Britons want fixed-rate mortgages
According to a survey from Fairinvestment.co.uk, over half of Britons would prefer a fixed-rate mortgage. The survey established that 57% of those considering a mortgage would choose a fixed rate over any other type of mortgage product. The results consisted of 30% ...


Analyst warns property market is close to collapse

Permalink: Analyst warns property market is close to collapse
by Kay Murchie

Analyst warns property market is close to collapse
A leading analyst has warned that the UK housing market is a ‘house of cards’ that is about to collapse. In a note to clients issued at the start of British housebuilders’ results season, Alastair Stewart of Dresdner Kleinwort Wasserstein, ...


Novice property developers warned over planning permission pitfalls

Permalink: Novice property developers warned over planning permission pitfalls
by Kay Murchie

Novice property developers warned over planning permission pitfalls
Experts are warning novice property developers to consider potential problems with planning permission when purchasing a property at auction. Scott Hendry of Auction Finances, said the number of UK homebuyers looking to purchase unusual or unique property with ...


Chancellor being urged to cut stamp duty

Permalink: Chancellor being urged to cut stamp duty
by Kay Murchie

Chancellor being urged to cut stamp duty
Chancellor Alistair Darling is being urged to cut stamp duty in the forthcoming Budget next month. The request has been made by the National Association of Estate Agents and it is hoped that revising the threshold at which stamp duty is ...

February 21, 2008

Worse to come for city centre flat investors

Permalink: Worse to come for city centre flat investors
by Gill Montia

Worse to come for city centre flat investors
Alastair Stewart, a housebuilding analyst with investment bank Dresdner Kleinwort, is predicting that the worst is yet to come for buy-to-let investors who have bought new-build city centre apartments. This type of property has seen heavy price falls in the ...