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June 18, 2009
First-time buyers making a comeback
Permalink: First-time buyers making a comeback
by Kay Mitchell
According to the National Association of Estate Agents (NAEA) first-time buyers appear to be returning to the property market.
The NAEA said estate agents had an average 300 househunters registered with them last month - a level not seen since the market peaked ...
Recovery hopes dashed as mortgage lending falls 58% on year in May
Permalink: Recovery hopes dashed as mortgage lending falls 58% on year in May
by Kay Mitchell
Figures released by the Council of Mortgage Lenders (CML) today show that mortgage lending fell by 58% in the year to May 2009, dashing hopes of a recovery in the housing market.
Lending for home buyers ...
June 17, 2009
More than half of homes sold at David Wilson Homes Highfield Gate development
Permalink: More than half of homes sold at David Wilson Homes Highfield Gate development
by Kay Mitchell
David Wilson Homes Eastern is offering a new development comprising just 15 houses in Haddenham in Cambridgeshire.
More than 60% of the homes have already been sold which, according to the housebuilder, is due to ...
Prospective home buyers urged to take part in ‘The Key Event’
Permalink: Prospective home buyers urged to take part in ‘The Key Event’
by Kay Mitchell
An event called ‘The Key Event’ is taking place next week and is aimed at those interested in owning their own home.
“The Key Event, which will bring together housebuilders such as Urban Splash, banks such as ...
Major lenders increase fixed-rate mortgages
Permalink: Major lenders increase fixed-rate mortgages
by Kay Mitchell
Major lenders have hiked the cost of their fixed-rate mortgages, making them even more expensive for new borrowers.
Santander-owned Abbey, which is the UK's second largest mortgage lender, has increased the cost of its fixed-rate deals by between 0.25 and 0.5 percentage ...
Average rent stabilises
Permalink: Average rent stabilises
by Gill Montia
Smartlandlord.co.uk has some reassuring news for landlords contained in its latest buy-to-let index.
The website claims that average monthly rent stabilised in May remaining at April's figure of £765.
According to the firm, excess supply due to reluctant landlords has helped push rents down almost 10% ...
June 15, 2009
George Wimpey’s three storey Fairfield Park attracts interest
Permalink: George Wimpey’s three storey Fairfield Park attracts interest
by Kay Mitchell
George Wimpey’s Fairfield Park outlet in Murton is gaining a lot of interest from young professionals, mature couples and families, according to the housebuilder.
The development is located in the North East, with the A19 and A1(M) only a short ...
George Wimpey celebrates Cae Penderyn sales
Permalink: George Wimpey celebrates Cae Penderyn sales
by Gill Montia
George Wimpey has reported strong sales at its Cae Penderyn development of two, three, four and five bedroom homes in Merthyr Tydfil, with over 75% of properties now taken.
According to the housebuilder, a range of buyers have been attracted to the ...
Younger Britons opt to rent as homeownership turns sour
Permalink: Younger Britons opt to rent as homeownership turns sour
by Gill Montia
New research from the Chartered Institute of Housing (CIH) indicates that demand for UK rental property will continue to rise.
According to the CIH, which represents public and private sector bodies involved in housing and communities, young people ...
George Wimpey Manchester has new developments offer
Permalink: George Wimpey Manchester has new developments offer
by Kay Mitchell
George Wimpey said as a result of a successful 2009, it is launching a wide range of new builds in the Greater Manchester area.
Its Appleton Gardens in Cheetham Hill, Chapelfield Park in Radcliffe and Northgate in Blackley developments have all ...
Home ownership loses its appeal among younger generation
Permalink: Home ownership loses its appeal among younger generation
by Kay Mitchell
A study by the Chartered Institute for Housing (CIH) has revealed that owning a home is becoming less appealing.
The study, due for release tomorrow, questioned 2,000 people and shows that only a third of 18-to-24-year-olds now think owning a ...
June 14, 2009
Bryant Homes offers stylish, modern living at its Wichelstowe development
Permalink: Bryant Homes offers stylish, modern living at its Wichelstowe development
by Kay Mitchell
Bryant Homes’ new development called the Wichelstowe offer spacious living with its two bedroom apartments, three-bedroom semi’s and four bedroom detached homes.
The development’s four bedroom homes comprise two reception rooms, separate store room and fully-fitted kitchen with ...
90% LTV mortgages are a rare breed
Permalink: 90% LTV mortgages are a rare breed
by Kay Mitchell
In just two-and-a-half years, mortgages requiring a 10% deposit have almost vanished from the market making it even more difficult for first-time buyers to get on the property ladder.
First-time buyers have long since been described as a core part of ...
June 13, 2009
Euro-free Turkey a property hotspot
Permalink: Euro-free Turkey a property hotspot
by Gill Montia
Conti is reporting strong demand for property in Turkey.
The overseas mortgage specialist describes the country as "one of the top investment destinations in 2009".
The firm saw a 65% increase in mortgage applications for Turkish properties during the first five months of ...
June 12, 2009
BoE: House price falls put 1.1m in negative equity
Permalink: BoE: House price falls put 1.1m in negative equity
by Kay Mitchell
The Bank of England’s Quarterly Bulletin Report has revealed that the fall in house prices means between 700,000 and 1.1 million UK homeowners are in negative equity (a mortgage worth more than their property).
According to the Bank, "around ...
June 11, 2009
More than half of homes sold at George Wimpey’s Monks Meadow development
Permalink: More than half of homes sold at George Wimpey’s Monks Meadow development
by Kay Mitchell
George Wimpey is offering a new development in the historic village of Kingswood near Wotton-Under-Edge.
Monks Meadow comprises 29 three-bedroom to five-bedroom homes and is within easy reach of both Bristol and Gloucester, and just minutes ...
George Wimpey enjoys success at its Mulholland Park development
Permalink: George Wimpey enjoys success at its Mulholland Park development
by Kay Mitchell
George Wimpey is offering a new development which comprises two bedroom apartments to a selection of three and four bedroom homes at Mulholland Park in Highbridge.
The development is situated close to the M5 and provides easy access to ...
Three storey living grows in popularity
Permalink: Three storey living grows in popularity
by Kay Mitchell
Bryant Homes believes three storey living is the ideal solution if the children have left home, or a divorced dad who has the kids at the weekend, since it provides three or four bedrooms and plenty of space but easy to ...
Gazumping makes a comeback as confidence returns to housing market
Permalink: Gazumping makes a comeback as confidence returns to housing market
by Kay Mitchell
Housebuilder Taylor Wimpey believes buying a brand new home could be a wise investment due to gazumping making a comeback in the second hand market.
There has been evidence that the property market is stabilising this week and ...
CML: Mortgage lending up in April
Permalink: CML: Mortgage lending up in April
by Kay Mitchell
There is more positive news today for the housing market after the Council of Mortgage Lenders (CML) said the number of loans approved for house purchases in the UK rose by 16% in April compared with March.
According to the CML, a ...
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