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Property News

Asking prices show slight recovery - 16th, March, 2009

The latest house price index shows that the average property asking price rose slightly to £218,081 this month.

Lending remains low - 2nd, December, 2008

Net mortgage lending by building societies was £413 million in October, an improvement compared to £314 million in September, but still 45 per cent lower than the figure for October last year

Nationwide Building Society fails to pass on rate cut - 15th, October, 2008

Biggest building society yesterday announced it would not be passing on the benefit of last week's 0.5% cut in interest rates, and would reduce its standard mortgage rate by just 0.3%.

General News

Retirees use Pensions used to pay off mortgage debt - 13th, September, 2008

Retirees all over the country are using the tax-free sum of money paid out by their pensions to pay the outstanding debt they owe on their mortgages and other debts.

Stamp duty confusion ‘delaying sales’ - 13th, August, 2008

A survey of members conducted by the National Association of Estate Agents (NAEA), has produced one of the largest responses from estate agents with over 1350 replies demonstrating what a contentious issue the recent stamp duty ‘announcement' is and the effect it has had on the property market.

Buyer Demand Has Halved Since Credit Crunch Began - 1st, July, 2008

New buyer registrations fell by -5.7 per cent in June, says Hometrack…