Main:
Property News:
Property Forums:
|
November 18, 2008
Fall in asking prices reaches new low
Permalink: Fall in asking prices reaches new low
by Lin Freestone
Rightmove’s house price index has revealed that the number of house owners putting their properties on the market has fallen to the lowest level since 2002.
During November 2007, 35,000 houses were put up for sale each week, which has fallen ...
November 17, 2008
Problems for buy-to-let landlords in competitive market
Permalink: Problems for buy-to-let landlords in competitive market
by Lin Freestone
Tempted by increased tenant demand and the possibility of buying property at bargain prices, buy-to-let investors are eager to add to their portfolios. Mortgage Works, a subsidiary of Nationwide, has conducted a survey of brokers which indicates that buy-to-let professionals ...
November 16, 2008
Low deposit mortgage deals harder to find
Permalink: Low deposit mortgage deals harder to find
by Lin Freestone
Although the availability of houses at lower prices should in theory benefit first-time buyers (FTBs), the virtual disappearance of low-deposit mortgages is still making it difficult for FTBs to get on to the housing ladder.
Moneyfacts has produced figures that show ...
November 14, 2008
Relaunch of tracker deals for new borrowers
Permalink: Relaunch of tracker deals for new borrowers
by Lin Freestone
Mortgage lenders are beginning to relaunch tracker deals for new borrowers following the withdrawal of many products after the cut in the bank rate last week from 4.5% to 3%.
Abbey, Alliance & Leicester and Lloyds TSB, which runs the Cheltenham ...
Rightmove is losing 300 estate agents each month
Permalink: Rightmove is losing 300 estate agents each month
by Lin Freestone
Up to 300 estate agents a month are leaving the property website Rightmove. Its agency membership has dropped by 1,900 since the peak of 12,600 a year ago.
As a result of the challenging UK housing market, with very low ...
15% drop in number of first-time buyer loans in September
Permalink: 15% drop in number of first-time buyer loans in September
by Lin Freestone
Despite the government's efforts to give momentum to the housing market, the number of mortgages taken out for house purchases has fallen to a record low. The Council of Mortgage Lenders’ (CML) figures for September reveal that ...
Office closures put estate agency jobs at risk
Permalink: Office closures put estate agency jobs at risk
by Lin Freestone
According to a report published in The Times this week, the jobs of 15,000 people working in estate agents’ offices are at risk as the demand in the housing market slows down.
Since the summer of 2007, it is estimated ...
November 12, 2008
Amateur landlords struggle to stay in profit
Permalink: Amateur landlords struggle to stay in profit
by Gill Montia
Specialist research agency, BDRC, has published the results of its latest quarterly survey of private landlords in the UK.
The research is based on the opinions, attitudes and expectations of more than 500 British landlords during the three months to the ...
Increased risk of repossession for borrowers in arrears
Permalink: Increased risk of repossession for borrowers in arrears
by Lin Freestone
A recent High Court ruling has reaffirmed the statutory right of lenders under a 1925 law to sell a property independently after two mortgage payments have been missed. The property may then be sold without the need to apply ...
November 11, 2008
House sales at lowest level since 1978
Permalink: House sales at lowest level since 1978
by Kay Mitchell
The latest figures from the Royal Institution of Chartered Surveyors (Rics) have revealed that property sales are at a 30-year low and less than one home per week is being sold by estate agents.
The organisation established that average completed sales ...
November 10, 2008
More lenders announce rate cuts
Permalink: More lenders announce rate cuts
by Kay Mitchell
After the Bank of England’s 1.5% interest rate cut last week, there were concerns that lenders would not pass on the rate cut to customers.
As a result, bank chiefs were summoned to Downing Street where Chancellor Alistair Darling demanded that banks ...
Treasury launches sale-and-rent-back consultation
Permalink: Treasury launches sale-and-rent-back consultation
by Gill Montia
The Treasury has launched a consultation aimed at establishing a regulatory framework for the fast-growing sale-and-rent-back sector.
The move follows an Office of Fair Trading's (OFT) report on the industry, published last month, which outlined key areas for regulation, including a requirement that firms ...
Kier cuts house prices by up to 15%
Permalink: Kier cuts house prices by up to 15%
by Lin Freestone
Housebuilder Kier Group has issued an interim management statement to the Stock Exchange in which it reports its financial performance remains in line with expectations despite the downturn in the construction market.
At mid-October this year the firm’s order ...
Nationwide expects further house price falls
Permalink: Nationwide expects further house price falls
by Kay Mitchell
The Nationwide, Britain’s largest building society, said today it expects house prices to continue falling into next year and possibly 2010.
Nationwide’s chief executive, Graham Beale, is expecting a peak to trough decline of 25%.
The announcement comes after the Society reported ...
Commercial property valuations in the UK most accurate in Europe
Permalink: Commercial property valuations in the UK most accurate in Europe
by Lin Freestone
The majority of UK commercial property valuations fall within 10% of sale prices, according to the latest RICS Valuation and Sale Price Report, produced in collaboration with IPD.
The UK valuations are the most accurate of the ...
November 7, 2008
Lenders cave in to Government rate cut pressure
Permalink: Lenders cave in to Government rate cut pressure
by Kay Mitchell
Following the Bank of England’s 1.5% rate cut yesterday, Britain’s lenders have begun to respond to Government and media pressure to pass on the full rate cut to borrowers.
This morning, the chief executives of Britain’s top banks were summoned ...
Launch of online tenant checking service for private landlords
Permalink: Launch of online tenant checking service for private landlords
by Lin Freestone
A new website has been launched designed specifically for the protection of private landlords. A recent survey of 1,389 private landlords, commissioned by the Letting Protection Service (LPS) revealed that 24% of UK landlords allow tenants to move ...
New investment schemes offer hope to struggling landlords
Permalink: New investment schemes offer hope to struggling landlords
by Gill Montia
Buy-to-let investors who are finding it difficult to remortgage may benefit from new schemes that offer partnership agreements for struggling landlords.
The downturn in the housing market and collapse of buy-to-let lender, Bradford & Bingley, has led to dire warnings ...
Lenders reluctant to pass on rate cut to homeowners
Permalink: Lenders reluctant to pass on rate cut to homeowners
by Lin Freestone
Banks and building societies are under growing pressure to reduce their interest rates in line with the Bank of England’s 1.5% cut in the interest rate.
Following yesterday’s rate cut, approximately 30 lenders withdrew their tracker mortgage products from ...
|
|
