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February 26, 2008
Austria beckons second-home buyers
Permalink: Austria beckons second-home buyers
by Gill Montia
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
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 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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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 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
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 ...
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