Rent continues to rise
RICS
With housing demand continuing to outstrip supply and fewer people able to afford to buy a home the demand for rental properties is continuing to increase and that can mean only one thing for prices.
Property News Archive
Bellway see property sale increase
UK house builder, Bellway, have revealed an increase in house sales, after improving consumer confidence has helped boost the market.
House prices down over the spring
House prices have fallen over the spring according to new figures released by lender the Halifax, although they are expected to stabilise by the end of the year.
Halifax claim house prices down 1.2% in last three months
Halifax has today revealed that house prices in the last three months had fallen 1.2% compared with house prices between December and February.
Mortgage products increase 60% in half a year
The number of mortgage products on the market has increased by 60% in May this year, compared with the same month six months previously.
Seaside homes double in price
A Halifax bank survey has revealed the cost of owning a home by the sea has more than doubled in the past ten years.
Two thirds of first time buyers believe they have no chance of ever buying a house
A new survey has revealed that a massive two thirds of young people looking to get onto the property ladder don’t believe they will ever get the chance.
Loan demand stays low as consumers ‘wait and see’
A new report from the British Bankers Association has revealed that consumers are increasingly adopting a ‘wait and see’ approach to their finances as they wait to see what is going to happen next with interest rates.
Millions check home insurance policies as gales hammer the UK
Millions of home owners will breathe a sigh of relief this morning as weather forecasters predict that calmer weather is on it’s way following the gale force winds experienced at the weekend.
Property sales still lower than last year
New figures from HM Revenues & Customs have revealed that property sales in the UK are still lower than a year ago.
Mortgage rescue scheme fails to hit targets
A mortgage rescue scheme designed to stop people having their homes taken from them through not being able to pay their mortgage has not hit targets according to a report.
Rent hits record high as demand dwarfs supply
The average amount of rent paid by tenants in England and Wales has now matched the previous record high, as it hit £692 a month.
Mortgage lending falls 14% after extra bank holiday
The Council of Mortgage Lenders revealed that mortgage lending had fallen in April because of the large number of Bank Holidays thanks to the Royal Wedding and Easter break.
Reduced mortgage costs helping homeowners stay afloat.
Halifax bank has revealed that the decreasing cost of mortgage payments as a result of low interest rates were keeping the cost of living down, although it’s still at a three year high because of other factors.
Remortgage activity sees an increase
Conveyance company Conveyancing Alliance Ltd have seen remortgage instructions rise year on year, pin pointing quart one in 2010 as the first indication of improvement.
Repayment mortgages back after boom goes flat
Mortgage firm Paragon Mortgages has revealed that the first quarter of 2011 saw the highest ever proportion of repayment mortgages, as consumers realise that paying an interest only mortgage is no better than paying rent in a flat market.