April 18, 2008

First-time buyers facing hardest ever battle

Permalink: First-time buyers facing hardest ever battle
by Kay Murchie

Despite house prices falling, mortgages are becoming harder to secure which means first-time buyers are facing a tough time currently. There are now only 4,100 different mortgage deals on the market, compared with 15,599 last July. Furthermore, just a couple of months ...


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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	April 18, 2008 First-time buyers facing hardest ever battle Permalink: First-time buyers facing hardest ever battle by Kay Murchie Despite house prices falling, mortgages are becoming harder to secure which means first-time buyers are facing a tough time currently. There are now only 4,100 different mortgage deals on the market, compared with 15,599 last July. Furthermore, just a couple of months ... (more...) April 17, 2008 Alistair Darling pledges to help UK property market Permalink: Alistair Darling pledges to help UK property market by Kay Murchie Chancellor, Alistair Darling, has pledged to support the UK housing market and said the Government will do all it can. There has been a lot of misery in the UK housing market recently with The Royal Institution of Chartered Surveyors ... (more...) First-time buyers delaying a property purchase Permalink: First-time buyers delaying a property purchase by Kay Murchie Abbey Mortgages has established that 1.1 million first-time buyers are delaying purchasing a home for at least the next 12 months. This is primarily due to the withdrawal of cheap mortgages and the decline in property prices. However, this group of people ... (more...) Three generations in one house as financial pressures mount Permalink: Three generations in one house as financial pressures mount by Kay Murchie Research from Prudential has revealed that 82,600 UK households are found to have three generations living under the same roof as financial pressures mount. Many are forced to support their elderly parents as the research shows that 4.6 million ... (more...) More rate changes from top mortgage lenders Permalink: More rate changes from top mortgage lenders by Kay Murchie Abbey and Halifax have announced that they have passed on last week’s interest rate cut to borrowers. However, they have increased the cost of short-term fixed-rate mortgage deals. Last week, The Bank of England's Monetary Policy Committee (MPC) announced it ... (more...) Mortgage fees almost double in a year Permalink: Mortgage fees almost double in a year by Kay Murchie A report by mortgage advice firm, Mform, has revealed that the average cost to take out a mortgage is now £5,000 - nearly double in just one year. The company produced a report into the cost of arrangement fees and established ... (more...) April 16, 2008 Cyprus sees gains in prices and Russian interest Permalink: Cyprus sees gains in prices and Russian interest by Gill Montia Predictions that Cyprus would see strong growth in property prices this year are proving to be accurate. The island joined the European Community in January and in the lead up to this historic event, overseas property investors were becoming increasingly ... (more...) NLA launches buy-to-let mortgage brokerage Permalink: NLA launches buy-to-let mortgage brokerage by Gill Montia The National Landlords' Association (NLA) has launched NLA mortgages, a new service for private landlords. The brokerage will cater for property investors buffeted by the recent shrinkage of the buy-to-let lending market and landlords looking to expand their portfolios or remortgage will be ... (more...) Landlords’ buildings insurance needs attention Permalink: Landlords’ buildings insurance needs attention by Gill Montia Buy-to-let lender, Paragon, is warning landlords that their insurance cover could be inadequate. Property investors can find themselves facing serious losses if they have purchased standard household insurance rather than a policy designed specifically for landlords. Standard household policies are intended for owner-occupiers ... (more...) Slower growth in detached house price growth Permalink: Slower growth in detached house price growth by Kay Murchie Research from Nationwide has revealed that detached house prices have increased at a slower rate than other property types. Nationwide’s research shows that detached property prices have increased by 41% since 2004, compared to an increase of 50% for other properties. ... (more...) Parents donate £223 billion to help offspring onto property ladder Permalink: Parents donate £223 billion to help offspring onto property ladder by Kay Murchie Research from independent financial adviser, Heartwood Wealth Management, said 5.5 million British parents have given £116 billion to their to their children to help get them onto the property ladder, with an average contribution of £20,921 per ... (more...) April 15, 2008 Confidence in the UK property market at 30-year low Permalink: Confidence in the UK property market at 30-year low by Kay Murchie The gloom in the UK’s property market continues as The Royal Institution of Chartered Surveyors' (Rics) said confidence in the UK housing market fell last month to a 30-year low. Rics added that 78% more surveyors reported a fall ... (more...) Lenders require deposit top-ups as property prices decline Permalink: Lenders require deposit top-ups as property prices decline by Gill Montia Analysts in the buy-to-let sector are predicting difficult times ahead for landlords, should house prices continue to fall. Many amateur landlords may not even be aware that some of the UK's buy-to-let lenders require borrowers to increase their deposits if ... (more...) Abbey emerges as mortgage leader Permalink: Abbey emerges as mortgage leader by Kay Murchie Mortgage brokers believe Abbey is responsible for one in six new mortgages in the first quarter of 2008. This represents a doubling of its market share from 9% in 2006 to a current 17%. Along with other banks, Abbey has suffered from ... (more...) A third of British estate agents could be forced to close Permalink: A third of British estate agents could be forced to close by Kay Murchie As the number of house sales plummet, around 30% of British estate agents could be closing their doors for good. The closures are a direct consequence of the credit squeeze, which experts predict will result in approximately ... (more...) Mortgage shortage could mean a million miss out Permalink: Mortgage shortage could mean a million miss out by Kay Murchie Steven Crawshaw of the Council of Mortgage Lenders (CML) said a million prospective homebuyers could be without the funds to buy a home due to the lack of mortgages available on the market. Mr Crawshaw accused the Bank of England ... (more...) April 14, 2008 Renting costs pensioners £23bn a year Permalink: Renting costs pensioners £23bn a year by Gill Montia The property ownership obsession that afflicts most Britons can be better understood in the light of recent research from Friends Provident. The life assurer estimates that renting property costs UK pensioners £23 billion a year. On an individual basis, those who live out ... (more...) Tax rebate for investors in Spanish property Permalink: Tax rebate for investors in Spanish property by Gill Montia British investors who have made capital gains when selling Spanish properties could be in line for a 20% tax rebate. Spain changed its capital gains tax legislation last year, prior to which foreigners who sold property in the country were charged ... (more...) PM to meet with banks to discuss housing market crisis Permalink: PM to meet with banks to discuss housing market crisis by Kay Murchie Prime Minister Gordon Brown is to meet bank chiefs for breakfast talks tomorrow at Number 10 to discuss the current housing market crisis. Last week, The Bank of England's Monetary Policy Committee (MPC) cut interest rates from 5.25% ... (more...) Chancellor urging mortgage lenders to pass on interest rate cuts Permalink: Chancellor urging mortgage lenders to pass on interest rate cuts by Kay Murchie Last week, The Bank of England's Monetary Policy Committee (MPC) cut interest rates from 5.25% to 5%. This is the third time since December that interest rates have been cut in an effort to protect the economy ... (more...) « Previous Page — Next Page »	Latest News: Need for more long-term tenancy agreements 11% drop in value of British Land’s portfolio 7% rise in October’s mortgage lending Oldham housing project abandoned by Gleeson Scottish landlords need EPCs from beginning of 2009 Buy-to-let landlords at more risk of negative equity Home Builders Federation calls for £2bn boost to homes fund Inexperienced landlords must be well-prepared, says the NLA Fall in asking prices reaches new low Law Society warns that online competitions to win a home could be unlawful Most Read News Today: Need for more long-term tenancy agreements Barratt Developments in crisis as share price plummets 7% rise in October’s mortgage lending Nationwide expects further house price falls NHBC Buildmark Insurance Certificate: What you need to know Buy-to-let landlords at more risk of negative equity 11% drop in value of British Land’s portfolio Inexperienced landlords must be well-prepared, says the NLA Oldham housing project abandoned by Gleeson Fall in asking prices reaches new low Most Read News To Date: Westfield London’s Shepherd’s Bush shopping centre 92% let NHBC Buildmark Insurance Certificate: What you need to know Possible housing crash in 2008 Property Prices in Ireland could fall up to 60% How to Extend Your Flat Lease Northern Ireland property prices drop Barratt Developments in crisis as share price plummets Innovative investment fund from Strutt & Parker Nationwide to offer 95% mortgage Lenders cut mortgage rates in wake of interest rate cut
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First-time buyers facing hardest ever battle

Alistair Darling pledges to help UK property market

First-time buyers delaying a property purchase

Three generations in one house as financial pressures mount

More rate changes from top mortgage lenders

Mortgage fees almost double in a year

Cyprus sees gains in prices and Russian interest

NLA launches buy-to-let mortgage brokerage

Landlords’ buildings insurance needs attention

Slower growth in detached house price growth

Parents donate £223 billion to help offspring onto property ladder

Confidence in the UK property market at 30-year low

Lenders require deposit top-ups as property prices decline

Abbey emerges as mortgage leader

A third of British estate agents could be forced to close

Mortgage shortage could mean a million miss out

Renting costs pensioners £23bn a year

Tax rebate for investors in Spanish property

PM to meet with banks to discuss housing market crisis

Chancellor urging mortgage lenders to pass on interest rate cuts

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