August 17, 2009

Landlords catch up with mortgage payments

Permalink: Landlords catch up with mortgage payments
by Gill Montia

The Council of Mortgage Lenders (CML) has issued an upbeat report on the UK's buy-to-let market showing the number of landlords behind with mortgage payments improving "significantly" during the second quarter of 2009. Loans in arrears of three months or more fell ...


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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	August 17, 2009 Landlords catch up with mortgage payments Permalink: Landlords catch up with mortgage payments by Gill Montia The Council of Mortgage Lenders (CML) has issued an upbeat report on the UK's buy-to-let market showing the number of landlords behind with mortgage payments improving "significantly" during the second quarter of 2009. Loans in arrears of three months or more fell ... (more...) Rightmove reports fall in asking prices Permalink: Rightmove reports fall in asking prices by Kay Mitchell Asking prices have fallen in the last four weeks compared with one month earlier, according to Rightmove, as competition in the summer months hots up. Rightmove said home sellers asked 2.2% less for their properties during the period with the typical asking ... (more...) August 15, 2009 Repossessions up at B&B Permalink: Repossessions up at B&B by Gill Montia Bradford & Bingley (B&B) has reported that the total number of its mortgages three months or more in arrears or in possession rose to 5.88% during the first half of 2009. The proportion compares with 2.48% in the same period of 2008, although the ... (more...) August 14, 2009 Nationwide Building Society rescues block of condemned flats Permalink: Nationwide Building Society rescues block of condemned flats by Kay Mitchell The Nationwide Building Society has saved more than a dozen families in a block of condemned flats in Dodgeholme Court, Mixenden, Halifax. The families were forced out of their homes as the block was condemned after fire officers were called ... (more...) UK repossessions fall in second quarter Permalink: UK repossessions fall in second quarter by Kay Mitchell The Council of Mortgage Lenders (CML) has today announced a fall in the number of homes repossessed in the second quarter of the year compared with the previous three months. According to the CML, 11,400 homes were repossessed in the second quarter ... (more...) Repossessions expected to soar due to rising unemployment Permalink: Repossessions expected to soar due to rising unemployment by Kay Mitchell The Council of Mortgage Lenders (CML) is due to release repossession figures later today and a sharp rise is expected. The CML has predicted 65,000 people will have their properties repossessed during the year - a 17-year high. While this ... (more...) August 11, 2009 CML reports 23% rise in mortgage approvals for June Permalink: CML reports 23% rise in mortgage approvals for June by Kay Mitchell The Council of Mortgage Lenders (CML) has today revealed that the number of mortgages approved for house purchase soared 23% in June, compared with May. The rise is the fifth consecutive monthly increase and represents the highest level for ... (more...) Rics: House prices expected to rise due to house shortage Permalink: Rics: House prices expected to rise due to house shortage by Kay Mitchell The Royal Institution of Chartered Surveyors (Rics) believes that house prices will rise over the next few months due to a shortage of homes for sale. According to Rics, part of the renewed optimism within the housing market ... (more...) August 10, 2009 Proposals to cut house-sharing sparks anger Permalink: Proposals to cut house-sharing sparks anger by Kay Mitchell Proposals to limit homes being rented to more than six unrelated people has been criticised by landlords and the National Union of Students (NUS). Under the new proposals, the Government may give councils the power to restrict the number of houses in ... (more...) CEBR: Further significant house price falls unlikely Permalink: CEBR: Further significant house price falls unlikely by Kay Mitchell The Centre for Economics and Business Research (CEBR) said today it expects house prices to lose a further 3% of their value during the remainder of 2009, before bottoming out and rising just 2% in 2010. Benjamin Williamson, CEBR economist, said: ... (more...) Zoopla.co.uk challenges Rightmove with acquisition of Propertyfinder Group Permalink: Zoopla.co.uk challenges Rightmove with acquisition of Propertyfinder Group by Kay Mitchell Zoopla.co.uk, the online property website, has announced it has completed its acquisition of PropertyFinder Group from News International Ltd and the REA Group. The PropertyFinder Group includes propertyfinder.com, which is one of the best-known and popular property websites, with more ... (more...) August 6, 2009 Rics notes ‘considerable shift’ in housing market Permalink: Rics notes ‘considerable shift’ in housing market by Kay Mitchell The Royal Institution of Chartered Surveyors (Rics) has scrapped its original forecast of house price falls of 10-15% in 2009. Instead, the organisation has noted a "considerable shift" in the market and believes that despite the mortgage drought and rising unemployment, ... (more...) August 5, 2009 Reluctant landlords put up “For Sale” signs Permalink: Reluctant landlords put up “For Sale” signs by Gill Montia The rise in "accidental" landlords is being stemmed by improvements in the UK housing market. So says Landlord Assist, which has detected a correction in the over supply of rental properties witnessed over the past year. The number of properties available to ... (more...) Halifax: House prices up 1.1% in July Permalink: Halifax: House prices up 1.1% in July by Kay Mitchell The latest survey from the Halifax has revealed that the housing slump may be nearing an end after house prices rose 1.1% in July. This now takes the annual rate of decline to just 12%, down from 15% in June and ... (more...) August 4, 2009 Bestinvest optimistic that house prices have bottomed out Permalink: Bestinvest optimistic that house prices have bottomed out by Kay Mitchell Independent financial adviser firm Bestinvest believe that house prices have bottomed out. According to Peter O'Donovan, head of mortgages at the firm, confidence in the property market will grow over the next few months. The optimism is in stark contrast to ... (more...) One third of landlords shun adequate buildings cover Permalink: One third of landlords shun adequate buildings cover by Gill Montia Buy-to-let investors are at risk of under-insurance, according to new research from Redbrick. The specialist insurance and tenant referencing firm found that only 67% of landlords have specialist buildings cover in place. Furthermore, a mere 12% have combined legal expenses and ... (more...) August 3, 2009 NHF predicting slow recovery for house prices Permalink: NHF predicting slow recovery for house prices by Kay Mitchell The National Housing Federation (NHF) is predicting a slow recovery for house prices in England. The body, which represents not-for-profit housing associations, is forecasting that house prices will fall by 12.2% this year and 4.6% next year. House prices will then ... (more...) August 2, 2009 OFT purges sale-and-rent-back sector Permalink: OFT purges sale-and-rent-back sector by Gill Montia True to its pledge to clean up the UK's sale-and-rent-back sector, the Office of Fair Trading (OFT) has forced twelve firms to change their adverts, or take down their websites altogether. In January, the watchdog issued formal notifications to the firms that they ... (more...) New planning proposals for houses in multiple occupation Permalink: New planning proposals for houses in multiple occupation by Gill Montia Forced landlords already grappling with legislation surrounding the rental market may find themselves hit with extra costs and work, if government proposals come into force. The housing market downturn has led to a proliferation of "accidental" or "forced" landlords as ... 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Landlords catch up with mortgage payments

Rightmove reports fall in asking prices

Repossessions up at B&B

Nationwide Building Society rescues block of condemned flats

UK repossessions fall in second quarter

Repossessions expected to soar due to rising unemployment

CML reports 23% rise in mortgage approvals for June

Rics: House prices expected to rise due to house shortage

Proposals to cut house-sharing sparks anger

CEBR: Further significant house price falls unlikely

Zoopla.co.uk challenges Rightmove with acquisition of Propertyfinder Group

Rics notes ‘considerable shift’ in housing market

Reluctant landlords put up “For Sale” signs

Halifax: House prices up 1.1% in July

Bestinvest optimistic that house prices have bottomed out

One third of landlords shun adequate buildings cover

NHF predicting slow recovery for house prices

OFT purges sale-and-rent-back sector

New planning proposals for houses in multiple occupation

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