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March 31, 2008
Buy-to-let lending criteria exclude “newly renovated”
Permalink: Buy-to-let lending criteria exclude “newly renovated”
by Gill Montia
Buy-to-let broker, Mortgages For Business, has reported that changes in lending criteria amongst the UK's buy-to-let lenders are affecting funding for new and newly renovated properties.
Securing a mortgage for new build and converted properties has become increasingly difficult over the past ...
New powers for HMRC clampdowns on landlords
Permalink: New powers for HMRC clampdowns on landlords
by Gill Montia
HM Revenue & Customs' (HMRC) clampdown on amateur landlords who have not been paying tax on rent is being reinforced by proposals included in the Finance Bill that went before the House of Commons last week.
The proposed new measures include ...
Building societies no longer immune to credit squeeze
Permalink: Building societies no longer immune to credit squeeze
by Kay Murchie
Last week, the Council of Mortgage Lenders (CML) showed £24 billion worth of mortgages advanced in February, 7% lower compared with the previous month and 6% down on the previous year.
Michael Coogan of the CML said problems in ...
Buckinghamshire is top place to live in quality of life survey
Permalink: Buckinghamshire is top place to live in quality of life survey
by Kay Murchie
According to the Halifax Quality of Life Survey for Counties, Buckinghamshire has been named as having the best quality of life in the UK.
Not only are the resident the healthiest but they also have the ...
Property developers make £250 million on one deal
Permalink: Property developers make £250 million on one deal
by Kay Murchie
Property magnates Nick Candy and Christian Candy bought two Kensington hotels in London back in 2006 for £69 million and have just sold them for a staggering £320 million, representing a profit of £250 million in just 18 months. ...
March 28, 2008
Homeowners “cash in” and opt for tenancy
Permalink: Homeowners “cash in” and opt for tenancy
by Gill Montia
Research from the property website, iammoving.com, indicates that there is a drift emerging from home ownership to the private rented sector.
According to the survey, one in five of those planning to move house is considering exiting the property ladder while ...
House prices fall fifth consecutive month
Permalink: House prices fall fifth consecutive month
by Kay Murchie
The latest survey from the Nationwide building society shows that annual house price inflation has fallen to its lowest level since March 1996.
Nationwide said prices fell by 0.6% in March, taking the average UK house price down to £179,110 meaning ...
More misery for homeowners as Nationwide increases mortgage rates
Permalink: More misery for homeowners as Nationwide increases mortgage rates
by Kay Murchie
Nationwide, one of the country’s largest lenders, has hit homeowners with another increase in mortgage rates - its fifth since the start of the year.
This means families face a £1,300 annual increase in their mortgage payments and are ...
First-time buyer numbers fall in February
Permalink: First-time buyer numbers fall in February
by Kay Murchie
Figures from the National Association of Estate Agents (NAEA) show the average number of house buyers on estate agents' books fell to 243 last month, compared with 276 in January and the lowest figure since the survey started.
The figures also show ...
Property ownership still a priority for many
Permalink: Property ownership still a priority for many
by Kay Murchie
A study from the Alliance & Leicester has discovered that home ownership is still among the top priorities for under 30-years-olds in the UK.
Richard Taylor of A&L said turning 30-years-old currently appears to be a landmark age for many ...
Homebuyers down by a third in just one year
Permalink: Homebuyers down by a third in just one year
by Kay Murchie
The uncertainty continues in the housing market with new figures showing mortgages for homebuyers are down by one third during the last year.
Figures from the British Bankers Association have established that 33% fewer loans were approved by its ...
March 27, 2008
The National Homebuilding & Renovating Show comes to the NEC
Permalink: The National Homebuilding & Renovating Show comes to the NEC
by Kay Murchie
If you are interested in barn conversions or a contemporary farmhouse then the National Homebuilding & Renovating Show could be of interest which comes to the NEC, Birmingham from 10 to 13 April.
The show has been running ...
Landlords alerted to Local Housing Allowance
Permalink: Landlords alerted to Local Housing Allowance
by Gill Montia
Local Housing Allowance (LHA), a new way of working out Housing Benefit for private tenants, comes into effect next month.
LHA is a flat rate allowance aimed at people who rent their homes from a private landlord, are on a low income, ...
Spanish properties at risk in renewed coastal protection scheme
Permalink: Spanish properties at risk in renewed coastal protection scheme
by Gill Montia
A report in The Telegraph warns that thousands of properties in Spain, many of which are owned by Britons, could be confiscated and ultimately demolished.
The Spanish government has renewed its campaign to protect the nation’s coastline in a ...
Financial turmoil means homeowners finding security in fixed-rate mortgages
Permalink: Financial turmoil means homeowners finding security in fixed-rate mortgages
by Kay Murchie
According to moneyfacts.co.uk, nervous homeowners are finding security in ten-year fixed-rate mortgages.
The current financial turmoil means homeowners are worried about the ongoing effects of the credit crunch so a growing amount of people are seeking these types of ...
March 26, 2008
First-time buyers look to overseas property markets
Permalink: First-time buyers look to overseas property markets
by Gill Montia
Research from financial website, fairinvestment.co.uk, indicates that 44% of Britons would be willing to move abroad in order to get a foot on the property ladder.
Eight per cent of respondents to the survey had already made a purchase overseas, ...
Fall in mortgage deals on offer
Permalink: Fall in mortgage deals on offer
by Kay Murchie
Research from Moneyfacts, the financial information service, shows that since last July, the number of mortgage deals on offer has fallen from 15,599 to 5,725.
The credit squeeze has resulted in mortgage lenders running out of cash. Demand for mortgages remains ...
Sellers should be realistic when pricing their homes
Permalink: Sellers should be realistic when pricing their homes
by Kay Murchie
Property portal, Rightmove.co.uk, said sellers need a ‘reality check’ when pricing their homes for sale.
According to Rightmove, last month new-to-the market sellers raised their average asking prices to £239,655 - a rise of 0.8%, despite the credit squeeze resulting ...
March 25, 2008
Property Investment in Australia
Permalink: Property Investment in Australia
by Brian Turner
Guide to Property Investments in Australia
Price values in the Australian property market took a fall from 2004 to 2005 and have been struggling to recover ever since. Some are predicting that the market is close to stabilizing and that now may be ...
Property Investment in Canada
Permalink: Property Investment in Canada
by Brian Turner
Guide to Property Investment in Canada
The Canadian property market has been on a rise (although very slow) for the last several years. Housing prices have consistently risen and hit a high in 2006 of almost 11% (some regions have shown a near ...
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