Finance News » Property

Property Prices: Lower Than This Time Last Year

Rajan Chagger — Thu, 15 Dec 2011 09:00:30 +0000

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%.

Property: Dale Farm Eviction

Rachael Bellis — Wed, 19 Oct 2011 10:00:39 +0000

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.

Property: Mortgage Market Returns But Stays Shaky

Rachael Bellis — Wed, 12 Oct 2011 09:00:35 +0000

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.

Housing Market: UK house prices predicted to go up 14% by 2015

A. Valesco — Sat, 10 Sep 2011 18:00:34 +0000

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 [...]

Homes: Over-50s Selling Up To Meet Living Costs

Rajan Chagger — Fri, 09 Sep 2011 13:00:56 +0000

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.

Mortgage: Buying Cheaper Than Renting

A. Valesco — Wed, 31 Aug 2011 18:53:07 +0000

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 [...]

Property: Rental Prices Increase

Rachael Bellis — Wed, 31 Aug 2011 18:00:36 +0000

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 [...]

Property: Persimmon Says Market is Stable

Rachael Bellis — Tue, 23 Aug 2011 17:00:50 +0000

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 [...]

Property: The Cost of Rent Rising

Rachael Bellis — Mon, 22 Aug 2011 09:05:45 +0000

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 [...]

Property: Councils Begin Eviction Notices to Riotous Tenants

Rachael Bellis — Sat, 13 Aug 2011 21:38:58 +0000

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 [...]

Property: New Deal for the Olympic Village

Rachael Bellis — Fri, 12 Aug 2011 22:27:25 +0000

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 [...]

Bridgewater Equity Release warns advisers for being “overly bullish”

Ameet Magan — Tue, 19 Jul 2011 16:08:26 +0000

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- mortgage availability up

Alex Gwilliam — Tue, 05 Jul 2011 11:56:11 +0000

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 [...]

Home owners pay off nearly £6billion more in first three months of 2011

Alex Gwilliam — Tue, 05 Jul 2011 11:42:21 +0000

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 [...]

Britons expect house price decrease

Alex Gwilliam — Mon, 13 Jun 2011 11:04:19 +0000

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.

UK turns away from brokers

Alex Gwilliam — Mon, 13 Jun 2011 10:40:19 +0000

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.