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April 30, 2008
Professional landlords dominate buy-to-let
Permalink: Professional landlords dominate buy-to-let
by Gill Montia
Buy-to-let lender, Paragon, has published its latest survey of 200 mortgage advisers and brokers, which shows that the buy-to-let market is increasingly dominated by professional landlords who are looking to grow their portfolios.
According to the lender's research, the number of novice landlords applying ...
First-time buyers taking a risk by using debt for deposits
Permalink: First-time buyers taking a risk by using debt for deposits
by Kay Murchie
A report has revealed that 30% of first-time buyers are finding a deposit for their first house by using unsecured loans, borrowings and credit card debt.
A study by iammoving.com, the online change of address service, discovered that ...
Abbey’s share of mortgage market increases to 15.9%
Permalink: Abbey’s share of mortgage market increases to 15.9%
by Kay Murchie
Abbey has trebled its share of the mortgage market in the first quarter of 2008, taking it to 15.9%, up from 4.9% compared with the same period last year.
The lender is now ranked third in the share of ...
Homeowners may be entitled to mortgage break
Permalink: Homeowners may be entitled to mortgage break
by Kay Murchie
MoneyExpert.com, the financial website, has revealed that some homeowners may be entitled to a mortgage payment holiday.
The idea of taking a mortgage holiday will undoubtedly be good news for many homeowners who are struggling to cope with increased monthly mortgage ...
Scottish property market bucks the trend
Permalink: Scottish property market bucks the trend
by Kay Murchie
Property prices in Scotland recorded price growth of 13% last year - ahead of any other area of the UK, according to estate agent, Knight Frank.
However, this was accompanied by a 16% decline in sales volumes, in line with the rest ...
Mortgage approvals fall to lowest level
Permalink: Mortgage approvals fall to lowest level
by Kay Murchie
Figures revealed by the Bank of England show that the slowdown in the UK housing market continues as mortgages for homebuyers slumped to a new low last month.
The number of new home loans approved for house purchases last month fell to ...
April 29, 2008
Inside Track placed in administration
Permalink: Inside Track placed in administration
by Gill Montia
Inside Track, the controversial property investment company, has been placed in administration.
The firm built its reputation by encouraging buy-to-let investors to purchase new-build flats and apartments, through its property seminars.
However, an oversupply of this type of accommodation in city centres has led ...
More eco-friendly homes in Devon and Kent
Permalink: More eco-friendly homes in Devon and Kent
by Kay Murchie
A study by property search engine, Globrix, has discovered that the most environmentally friendly homes can be found in Devon and Kent.
Globrix found 777 houses for sale in the UK with one or more eco features and identified Devon and ...
Skills gap across the UK built heritage sector warns NHTG
Permalink: Skills gap across the UK built heritage sector warns NHTG
by Kay Murchie
A report by The National Heritage Training Group (NHTG) has warned that there are serious skills and knowledge gaps affecting specialist workers in England and building professionals working across the UK built heritage sector.
The report was ...
April 28, 2008
House prices fall for seventh consecutive month
Permalink: House prices fall for seventh consecutive month
by Kay Murchie
Figures from the Land Registry show that the annual rate of house price growth in England and Wales has slowed for the seventh consecutive month.
The average house price is now £184,798 and the annual increase was 3.6% in March compared ...
Borrowers hit by another rise in mortgage charges
Permalink: Borrowers hit by another rise in mortgage charges
by Kay Murchie
The credit squeeze has resulted in lenders having a lack of funds and many have increased their fees as a consequence.
There has now been a further round of price rises for new customers with Abbey, the UK's third biggest ...
Farmland prices increasing despite housing market slowdown
Permalink: Farmland prices increasing despite housing market slowdown
by Kay Murchie
Farmland prices are on the increase according to estate agent Knight Frank. In the first quarter of this year, prices increased by 12% as a thriving agricultural industry drives demand.
Knight Frank’s research also discovered that a growing amount of land ...
Novice landlords excluded as lenders get tough
Permalink: Novice landlords excluded as lenders get tough
by Gill Montia
Falling property prices and rising tenant demand may be encouraging potential landlords to investigate the buy-to-let market but they will soon find that the outlook, in terms of getting a mortgage, is bleak.
While existing landlords are facing large increases in ...
April 25, 2008
ARLA promotes good practice as tenant demand soars
Permalink: ARLA promotes good practice as tenant demand soars
by Gill Montia
The Association of Residential Letting Agents (ARLA) is warning landlords not to get carried away by the steep rise in the demand for private rental accommodation resulting from the downturn in the housing market.
Earlier this week, letting agent Hamptons ...
Housebuilder Persimmon shuts new sites
Permalink: Housebuilder Persimmon shuts new sites
by Kay Murchie
Housebuilder Persimmon has announced it is to stop building on new sites until market conditions improve, which could result in tens of thousands of job losses.
The country’s biggest housebuilder by market value and No.3 by homes built said sales in the ...
Britons prefer semi-detached properties
Permalink: Britons prefer semi-detached properties
by Kay Murchie
A survey from Nationwide has revealed that semi-detached properties are the most popular property type in the country and account for 32% of home sales in the UK.
These types of properties are most likely to be purchased in the north-west of England while ...
Humraz launch online auction product
Permalink: Humraz launch online auction product
by Kay Murchie
Humraz, a company which specialises in property auctions, has launched a new online product which will enable people throughout the world to take part in live real-time lowest unique bid auctions.
As part of the new product, Humraz will sell properties for a ...
April 24, 2008
Rental demand rises 33%
Permalink: Rental demand rises 33%
by Gill Montia
The first quarter of 2008 saw a sharp rise in demand for rental property outside London.
Letting agent, Hamptons International, reported a 33% increase in tenancies across all regions beyond the capital, on the back of a slowdown in the housing market.
Over three quarters ...
Murcia set to experience tourist boom
Permalink: Murcia set to experience tourist boom
by Gill Montia
Murcia, Spain's Moorish region that incorporates the Costa Calida, is attracting greater interest from British property investors.
UK flights are available direct and travelling time is around 2.5 hours. A new international airport is planned for the region in 2009, with passenger ...
First-time buyer market in decline
Permalink: First-time buyer market in decline
by Kay Murchie
According to the National Association of Estate Agents (NAEA), the number of first-time buyers in the UK property market fell significantly in March 2008.
The trade body’s latest report established that first-time buyers accounted for 11.7% of all property purchases in February, ...
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