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November 30, 2009
A new phase for UK buy-to-let investment
Permalink: A new phase for UK buy-to-let investment
by Gill Montia
Proposals for the Financial Services Authority (FSA) to regulate buy-to-let lending have been welcomed by Assetz, which has declared the UK is entering a new phase for buy-to-let investment.
According to the property specialist, many investors who entered the market during ...
BoE: Mortgage approvals see slight rise in October
Permalink: BoE: Mortgage approvals see slight rise in October
by Kay Murchie
The Bank of England has today revealed that the number of mortgages approved for house purchases rose for the eleventh consecutive month in October.
Mortgage approvals for house purchases grew to 57,345 in October, a marginal rise from the ...
Hometrack reports 0.2% rise in house prices
Permalink: Hometrack reports 0.2% rise in house prices
by Kay Murchie
Housing intelligence group Hometrack has reported a 0.2% rise in house prices for November - the fourth consecutive month that house prices have gained.
The latest figures take the annual fall to 2.9%, from October’s 4.2% and the annual cost of ...
Land Registry reports 0.6% rise in house prices in October
Permalink: Land Registry reports 0.6% rise in house prices in October
by Kay Murchie
The Land Registry has reported a rise in house prices in England and Wales in October.
According to the Registry, house prices rose by 0.6% in October compared with September putting the average cost of a home at ...
November 27, 2009
Treasury pushes ahead with buy-to-let mortgage regulation
Permalink: Treasury pushes ahead with buy-to-let mortgage regulation
by Gill Montia
In new measurers aimed at protecting UK mortgage borrowers, the Treasury has set out its intention to regulate the buy-to-let lending market.
The move follows the Government's analysis of the causes of the financial crisis, as set out in its Reforming ...
November 26, 2009
Rents rising or stable for seventh consecutive month
Permalink: Rents rising or stable for seventh consecutive month
by Gill Montia
FindaProperty.com is heralding a new dawn for the UK rental market.
According to the property portal's November Index, the average rent rose by 0.1% between October and November, to £831 per calendar month.
The increase softens the annual decline to ...
Cash rich professionals eye London’s rental market
Permalink: Cash rich professionals eye London’s rental market
by Gill Montia
Cash rich property investors are taking an interest in London homes in the half a million plus bracket, Cluttons has reported.
According to the property consultant, the professional classes are taking a long-term view of the UK property market in ...
Dispute Service warns of sharp rise in subscription costs
Permalink: Dispute Service warns of sharp rise in subscription costs
by Gill Montia
The Dispute Service (TDS), which is responsible for the UK's Tenancy Deposit Scheme, has approved a change in its method of charging subscriptions.
From next year, fees will be determined on a "fairer" basis, taking into account a "dramatic ...
November 25, 2009
Two-year fixed rate mortgages drop below 5% mark
Permalink: Two-year fixed rate mortgages drop below 5% mark
by Kay Murchie
According to research carried out by Moneyfacts.co.uk, the average two-year fixed rate mortgage has dropped to the cheapest level since June.
The financial comparison website said the cost of the average fixed rate mortgage surged in the summer, reaching a ...
Paragon: Arrears rise but hopeful on new lending
Permalink: Paragon: Arrears rise but hopeful on new lending
by Gill Montia
Buy-to-let lender, Paragon, has report a rise in arrears, with 1.54% of its mortgage book more than three months behind at the end of September 2009, compared with 0.53% a year earlier.
However, the firm points out that the proportion ...
Unclaimed tenant deposits close to £5m
Permalink: Unclaimed tenant deposits close to £5m
by Gill Montia
The Deposit Protection Service (DPS) has reported that it is sitting on almost £5 million in deposits waiting to be claimed by tenants.
Legislation that demanded deposit protection for all assured shorthold tenancies in England and Wales was introduced in April 2007, ...
November 24, 2009
BBA reports slight rise in October mortgage approvals
Permalink: BBA reports slight rise in October mortgage approvals
by Kay Murchie
The British Bankers' Association (BBA) has today revealed a small rise in the number of new mortgages approved by the major banks in October.
According to the BBA, approvals increased by just 165 during the month from 42,073 in ...
Tories pledge to abolish Hips
Permalink: Tories pledge to abolish Hips
by Kay Murchie
If the Conservative party wins the next general election, it has pledged to scrap Home Information Packs (Hips).
Speaking to The Times newspaper, Grant Shapps, shadow housing minister, said his party would abolish the controversial packs “in a matter of weeks” after coming ...
November 23, 2009
Good performing schools can boost house prices by £20k
Permalink: Good performing schools can boost house prices by £20k
by Kay Murchie
According to research from the Nationwide Building Society, properties located close to the best performing primary schools in England can add almost £20,000 to the value of a home compared with an identical property in an area with ...
Number of vacant homes reaches five-year high
Permalink: Number of vacant homes reaches five-year high
by Kay Murchie
According to the latest Halifax Empty Homes Survey, the number of private homes which had been empty for at least six months soared by 9% during the year to April 2008 to 303,285 - a level not seen since April ...
November 19, 2009
Stamp duty holiday falls short of Government’s expectations
Permalink: Stamp duty holiday falls short of Government’s expectations
by Kay Murchie
According to Zoopla.co.uk, the online property website, increasing the stamp duty threshold has failed to kick-start the housing market in the way the Government expected.
In September 2008, the Government opted to increase the stamp duty threshold from £125,000 to ...
Assetz still confident that double dip unlikely in housing market
Permalink: Assetz still confident that double dip unlikely in housing market
by Kay Murchie
Investment company Assetz continues to be upbeat about the housing market and believes the next twelve months are likely to bring modest further growth in house prices.
Many reports are pointing to house price falls next year but ...
CML reports 5% rise in mortgage lending
Permalink: CML reports 5% rise in mortgage lending
by Kay Murchie
The Council of Mortgage Lenders (CML) today revealed a slight rise in mortgage lending for the month of October.
According to the CML, mortgage lending grew by 5% during the month compared with September but was down 27% compared with October ...
November 18, 2009
Lettingsearch goes for growth
Permalink: Lettingsearch goes for growth
by Gill Montia
Lettingsearch.co.uk has announced that it is set for further expansion across the UK's major towns and cities.
The firm, which claims to be the country's largest lettings-only portal, has secured increased funding to back a substantial expansion of its agent and tenant base, over ...
Bovis sees improvement with reservations up 83% on year
Permalink: Bovis sees improvement with reservations up 83% on year
by Kay Murchie
Housebuilder Bovis Homes has provided an upbeat statement today announcing that in the year to 13 November, it achieved 1,488 private reservations compared with 811 in the same period a year ago - an increase of 83%.
Total sales ...
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