London is the most expensive region
The latest UK house price index statistics from the Department for Communities and Local Government have shown that residential property in the United Kingdom has increased risen in price by 0.6% in October, but compared with a year ago they were still down by 0.4%.
In a video early this morning, authorities in charge of the Dale Farm eviction asked for no violence and highlighted the importance of following through with the eviction, as a nationwide principle of law enforcement that needed to be upheld. The video was ignored as bricks and debris were hurled at police when they began to move into the site this morning.
The mortgage market began to come back to life in August according to lenders, with 52,000 home loans given out, 7% more than were given out in July. The Council of Mortgage Lenders (CML) also revealed figures showing an increase in remortgaging as well.
A report just released has revealed that the price of an average house will rise by 14% over the course of the next four years. This will be the highest ever average ever recorded by Britain. More people cannot afford to get on the property ladder The typical home looks set to be worth in [...]
New research carried out has revealed that millions of over-50s are worried that they will need to put their homes back on the market so that they will be able to cope with the increasing living costs.
New research conducted by Halifax shows that buying a house is cheaper than renting. The research states that the average cost for a first-time buyer for a two-bedroom flat is around 567 pounds, 110 pounds lower than the typical rent on an equivalent space. Prices and Mortgages Drop The cost of purchasing housing property has [...]
Private rents are continuing to push higher according to a survey from the Royal Institution of Chartered Surveyors (Rics). The letting business is one of the areas of industry that is actually increasing in economic wealth. Demand from tenants, especially from those who have had trouble purchasing their first homes due to the higher costs [...]
According to the house builder, Persimmon, the housing market is stable at the moment but still “challenging”. The company says that thought the weak economic growth means the market will be difficult, it is still financially stable. The company sold 4,439 properties in the first half f 2011, 5% less than 2010. Additionally, the average [...]
July saw private rents rise to an average of £705 per month across England and Wales. In a survey from LSL Property Services, a company of letting agents, it was revealed the rising cost of rents, at an increase of 0.6% last month. The last six months have seen steady increases, with today’s rents £29 [...]
London’s local authority of Wandsworth has become the first to follow through with plans to evict tenants who have been convicted of partaking in the riots. Several other councils are also planning on moving forward with such plans. Prime Minister David Cameron supports this move. Mr. Cameron believed that those who might run into difficulties [...]
The London Olympic Village has been sold to the Qatari Royal Family and partners for when the Olympics are complete. Included in this deal will be parkland and public spaces next to the housing units. The organization taking over is the Qatari Diar venture. The selling of the athletes’ village is in part a step [...]
Too many advisers have become “overly bullish” on house while predicting future house prices, resulting in clients being advised potentially unsuitable lifetime mortgage products, warned Home Reversion specialist Bridgewater Equity Release.
Moneyfacts magazine have revealed the number of various different mortgage products have increased again and is now at its highest level since November 2008. Because of the increased competition in the mortgage market, interest rates ahave also fallen according to research from Moneyfacts. Whilst there were no pre credit crunch zero deposit deals on the [...]
Homeowners continued their current trend of reducing their mortgage debt in the first three months of this year by reducing their mortgage debt by £5.8billion. The huge figure was just short of the £7.1billion homeowners paid off in the last three months of last year, a three month record, according to figures released by the [...]
Only one in three UK mortgage customers expect house prices to increase this year, with the vast majority expecting house prices to stay the same, or to decrease.
The Association of Mortgage Intermediaries and Legal and General have released a joint report that shows that UK mortgage customers are choosing not to use brokers any more.
