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Monday, March 1
Mortgage approvals drop sharply
by
Jet-to-Let Magazine
on Mon 01 Mar 2010 11:05 GMT
Figures revealing a sharp drop in mortgage approvals in January have confirmed that the UK housing market made a slow start to the year. The Bank of England said that the number of home loans approved for house purchases in January fell by 17% compared with the previous month. The ... more » Thursday, January 28
Home buyers get more options
by
Jet-to-Let Magazine
on Thu 28 Jan 2010 16:19 GMT
‘Cash is King’ has been the rule for some time for those buying a property, but new analysis from moneysupermarket.com has shown that providers are beginning to loosen the purse strings with more products now available to mortgage borrowers with lower deposits or equity in their properties. Deals with an ... more » Thursday, November 26
Stars ht by the Dubai property bubble
by
Jet-to-Let Magazine
on Thu 26 Nov 2009 17:17 GMT
David Beckham and Brad Pitt are believed to be among the celebrities and sportsmen who bought villas in Palm Jumeirah in Dubai, a luxury development that juts out into the Gulf. But when the property bubble burst this year, residents saw the value of their investments collapse. Yesterday their situation ... more » Saturday, November 21
Nationwide sees risk of house price fall in 2010
by
Jet-to-Let Magazine
on Sat 21 Nov 2009 09:47 GMT
House prices could retreat in 2010 if unemployment rises sharply, Britain's third-largest mortgage lender Nationwide warned on Friday. A lack of supply and low interest rates have boosted the housing market this year, but Nationwide said prices could go into reverse with unemployment set to rise further and a stock ... more » Tuesday, November 17
34 Repossession hotpots named
by
Jet-to-Let Magazine
on Tue 17 Nov 2009 10:06 GMT
More help was offered to struggling homeowners today as the government officially named 34 repossession "hotspots" across the country - including Sedgefield, Tony Blair's old constituency, and four areas of London - the move came as the Council of Mortgage Lenders published figures showing that the number of families forced ... more » Monday, November 9
Prices to fall in 2010?
by
Jet-to-Let Magazine
on Mon 09 Nov 2009 17:34 GMT
Property group Savills is predicting ups and downs within the housing market over the next five years - according to the group, after a 3.7% rise in values this year, the market will see peaks and troughs... Next year will see a drop of around 6-7%, while values will rise ... more » Friday, November 6
Cheap Money may create another property bubble
by
Jet-to-Let Magazine
on Fri 06 Nov 2009 09:33 GMT
Great swaths of the world’s residential property market are not just in full recovery mode — they are booming. While the property pages in Britain have focused on a slight pick-up at the top end of the market, partly because of a revival in bankers’ bonuses, there is a full-scale ... more » Monday, November 2
House prices edge higher
by
Jet-to-Let Magazine
on Mon 02 Nov 2009 09:54 GMT
House prices have edged upwards for the third consecutive month in spite of signs of a slowdown in demand from new buyers, according to Hometrack, a research company. Its monthly survey of estate agents and surveyors in England and Wales showed that house prices grew by 0.2 per cent in ... more » Friday, September 25
Upmarket house prices keep rising
by
Jet-to-Let Magazine
on Fri 25 Sep 2009 14:15 BST
Prices for homes worth more than £1m have continued to rise at a surprising rate this summer as cash-rich buyers chase limited supply, according to data from two leading estate agents, to be published on Friday. Prime house prices in central London rose by 1.3 per cent in the past four weeks, their sixth consecutive monthly rise, according to Knight Frank. This meant the annual rate of change improved to minus 8.9 per cent from minus 12 per cent in August. Savills said prime London prices rose by 4 per cent between June and September this year, following a similar rise in the second quarter. Price growth in some areas exceeded 9 per cent since March this year, notably in affluent London areas such as Chelsea, Kensington and Notting Hill....... more »Friday, August 14
UK repossessions eased in spring
by
Jet-to-Let Magazine
on Fri 14 Aug 2009 09:47 BST
The number of homes repossessed in the UK fell 10% in the second quarter of the year compared with the previous three months, lenders say.
But the 11,400 homes repossessed was a rise of 14% compared with the the same period the previous year, the Council of Mortgage Lenders (CML) ... more »
Thursday, August 6
RICS upbeat on house prices
by
Jet-to-Let Magazine
on Thu 06 Aug 2009 13:05 BST
There's more optimism in the housing market today, with the Royal Institute of Chartered Surveyors (RICS) predicting house prices will end the year higher than they started. Following a strong start to the summer, RICS has changed its earlier forecast of a 10%-15% fall in 2009 made at the start ... more » Tuesday, July 28
Lack of buy-to-let mortgages 'holding back investors'
by
Jet-to-Let Magazine
on Tue 28 Jul 2009 16:35 BST
Landlords are being prevented from purchasing properties due to a lack of available buy-to-let mortgages, according to Paragon Mortgages. In its latest PRS Trends Report, it suggested that 43 per cent of landlords questioned reported that a lack of finance is the main obstacle preventing them from expanding their property ... more » Monday, July 20
Summer rise in mortgage lending
by
Jet-to-Let Magazine
on Mon 20 Jul 2009 15:57 BST
The total amount of UK mortgage lending rose sharply in June compared with the previous month, according to lenders. The amount lent by members of the Council of Mortgage Lenders (CML) reached £12.3bn in June, up from £10.5bn a month earlier. However, the rise was mainly the result of the ... more » Tuesday, July 14
London house prices 'continuing to fall'
by
Jet-to-Let Magazine
on Tue 14 Jul 2009 10:12 BST
House prices in the capital are continuing to fall despite a nationwide improvement in the annual rate of decline, official figures have shown. Prices in the region have dropped by 16.3% during the past year, while most of the UK has witnessed a slight improvement in the rate of price ... more » Thursday, July 9
House prices down again in June
by
Jet-to-Let Magazine
on Thu 09 Jul 2009 12:19 BST
House prices fell by 0.5% in June, according to Halifax's house price index published this week, taking the average cost of a home down to £157, 713. House price inflation was still down by 1.9% in the second quarter of this year, though this is the smallest fall recorded since ... more » Wednesday, July 1
Interim regime for property sale and rent back begins today in UK
by
Jet-to-Let Magazine
on Wed 01 Jul 2009 16:13 BST
A new interim regime for landlords that operate property sale and rent back businesses comes into force in the UK today. SRB landlords and companies have one month to submit an application to the Financial Services Authority for permission to continue their business activities as full regulation kicks in. Under ... more » Monday, June 1
House prices may have hit bottom of market
by
Jet-to-Let Magazine
on Mon 01 Jun 2009 16:08 BST
House prices fell by the smallest monthly amount in almost a year in April, down by 0.3 per cent to an average of £152,898, according to official figures published on Monday. The latest data from the Land Registry offers further evidence that the housing market has begun to stabilise and ... more » Thursday, April 30
UK house prices 'down in April'
by
Jet-to-Let Magazine
on Thu 30 Apr 2009 10:53 BST
House prices in the UK fell by 0.4% in April reversing some of the rise seen in March, according to the Nationwide. The building society's figures show that the pace of decline in house prices slowed, but the typical home still cost 15% less than a year ago. The price ... more » Monday, April 27
Nationwide axes mortgage promise
by
Jet-to-Let Magazine
on Mon 27 Apr 2009 10:22 BST
The UK's biggest building society, the Nationwide, will no longer promise new borrowers that it will peg its variable rate mortgages to the Bank rate. Existing customers on the Nationwide's variable rate home loan, called BMR, are guaranteed to pay no more than 2% above the Bank rate, currently at ... more » Monday, April 6
Tougher home pack rules in force
by
Jet-to-Let Magazine
on Mon 06 Apr 2009 10:20 BST
New rules have come into force which mean home owners must have a home information pack (Hip) in place before putting their property on the market. Previously, sellers could simply order a Hip before erecting a for-sale sign. Vendors must also set out extra details such as the home's council ... more » Thursday, March 12
Mortgage lending slump continues
by
Jet-to-Let Magazine
on Thu 12 Mar 2009 11:30 GMT
Mortgage lending continued to fall in January, according to the Council of Mortgage Lenders (CML). Just 23,400 mortgages were completed for all house buyers, a new record low, with only 8,900 first-time buyers able to take out home loans. The number of mortgages lent was down by 28% from December, ... more » Wednesday, March 11
Bank to use 'newly created' money
by
Jet-to-Let Magazine
on Wed 11 Mar 2009 09:31 GMT
The Bank of England is to launch its latest attempt to boost the supply of credit and stimulate the UK economy, using £75bn it has, in effect, created. It will offer to buy up to £2bn of government bonds from investment institutions and individuals, in the first of a series ... more » Tuesday, March 10
Housing market 'still in a slump'
by
Jet-to-Let Magazine
on Tue 10 Mar 2009 09:13 GMT
UK property sales between December and February remained at their lowest level in at least 31 years, the country's surveyors have reported. Nine homes were sold per surveyor in the three months, the lowest since the Royal Institution of Chartered Surveyors' (Rics) survey began in 1978. This was despite the ... more » Tuesday, February 24
Mortgage approvals up in January
by
Jet-to-Let Magazine
on Tue 24 Feb 2009 14:43 GMT
The number of mortgage approvals in the UK made by banks rose slightly in January, industry figures have shown. Mortgage approval levels hit 23,376 last month, up 4% from 22,416 in December, the British Bankers' Association (BBA) said. However, the number of approvals in January was still 43% lower than ... more » Tuesday, February 10
Dominic Farrell Announces The Prime Contractor For The Grove Spa Resort, Mazotos, Cyprus
by
Jet-to-Let Magazine
on Tue 10 Feb 2009 09:00 GMT
The Grove Spa Resort, Cyprus – Appointment of General Constructions Company Ltd (GCC) as Prime Contractor InvestinCyprus.com Developers has appointed the General Constructions Company (GCC) as the prime contractor for its landmark 5 Star mixed-use scheme, The Grove Spa Resort in Mazotos, Cyprus. GCC was founded in 1947 and is ... more » Monday, February 9
Cyprus Property Investors Delighted With News Of 14 New Golf Courses Approval
by
Jet-to-Let Magazine
on Mon 09 Feb 2009 12:15 GMT
The Cyprus government has finally approved the creation of 14 new golf courses, which will bring the total number on the island to 17. The decision was finalised at a cabinet meeting last Thursday (5th February 2009). Thursday, January 29
Bank of England Forecast To Cut Interest Rates To Another Historic Low
by
Jet-to-Let Magazine
on Thu 29 Jan 2009 14:25 GMT
LONDON (Reuters) - The Bank of England is very likely to cut interest rates to another 300-year low in February to deaden the blow from what is already the fastest pace of economic decline in nearly three decades. Sixty-one of 68 economists polled by Reuters January 28-29 said the Monetary ... more » Monday, January 26
Is housing market starting to pick up?
by
Jet-to-Let Magazine
on Mon 26 Jan 2009 09:30 GMT
Norwich has been hit hard over the past year by a fall in house prices and a slowdown in the property market. But city estate agents say signs are slowly beginning to emerge that confidence and interest in the market is growing. REBECCA GOUGH reports. Homeowners in East Anglia saw ... more » Wednesday, January 21
Mortgages 'fell by 30% in 2008'
by
Jet-to-Let Magazine
on Wed 21 Jan 2009 14:27 GMT
UK mortgage lending fell by 30% in 2008 to the lowest level since 2002, the Council of Mortgage Lenders (CML) says. Lending totalled £256.4bn last year, compared with £363.7bn in 2007, as the credit crunch triggered a mortgage drought making it harder to get a loan. Analysts say that even ... more » Tuesday, January 20
3 Day Economics Course – Understanding Economics To Beat The Recession
by
Jet-to-Let Magazine
on Tue 20 Jan 2009 16:04 GMT
BUSINESS AND INVESTMENT TRAINING
3 Day Economics Course – Understanding Economics To Beat The Recession Whether you are a business leader, property or stock market investor, work in financial services or have a keen interest in economics then this 3 day course is a must and will assist you in ... more » |
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