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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 - 16th, 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%.

British homeowners plan to make structural changes to their properties - 15th, October, 2008

Over a 5th of British homeowners plan to undertake major structural changes to their properties between May 2008 and May 2009, according to Sainsbury's Insurance. New rules from October 1st will allow loft conversions and rear extensions to be added to homes without owners having to seek planning permission.

Gap between asking and selling prices is widening - 13th, October, 2008

Houses are selling at an average of nine per cent below the asking price in the UK with sellers in some regions being forced to accept as much as 12.5 per cent discount off their advertised price.

Government Suspends Stamp Duty up to £175,000 - 2nd, September, 2008

For an entire year from 3rd September 2008, Stamp Duty will be suspended for properties that fall under £175,000.

Treat people in your debt like family - 2nd, September, 2008

The government has unveiled a £1bn cross-government package of measures to help solve current challenges in the housing market.

The flimsier the market, the higher the price - 1st, September, 2008

The Bank of England has admitted activity in the mortgage market has fallen to a new low.

Lettings Market Booming - 26th, August, 2008

The rental market boomed as housing sales diminished, says the RICS Lettings Survey. New instructions (an indicator of supply) to let increased at the fastest pace in the survey's history as many would-be-sellers found that becoming a landlord is a better option than selling in the current climate.

Homeowners sitting on £63.4 billion of lodger loot - 12th, August, 2008

Homeowners wishing to make their property work for them in the credit crunch could rake in a whopping £63.4 billion extra each year by renting spare bedrooms out to lodgers, according to research by Abbey Mortgages

General News

Retirees use Pensions used to pay off mortgage debt - 14th, 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’ - 14th, 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 - 2nd, July, 2008

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

Features

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