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Friday, May 29
Rise reported in UK house prices
by
Jet-to-Let Magazine
on Fri 29 May 2009 09:45 BST
House prices rose 1.2% in May on April, offering evidence of activity in the UK housing market, according to figures from the Nationwide building society. The annual rate of house price falls eased from 15% in April to 11.3%, with a typical home now costing £154,016. Over the past three ... more » Thursday, May 28
Pound falls back against dollar
by
Jet-to-Let Magazine
on Thu 28 May 2009 10:01 BST
Sterling has fallen back against the dollar after the US currency rallied in early trade and a Bank of England policymaker warned of "false dawns". The pound capped a rise in recent weeks by hitting $1.60 on Wednesday for the first time since November last year. But it fell to ... more » Wednesday, May 27
Dominic Farrell Press Release: Repossessed Property Investment Is The New Buy-To-Let
by
Jet-to-Let Magazine
on Wed 27 May 2009 17:06 BST
A significant by-product of the credit crunch and subsequent recession in the UK is the number of properties repossessed by banks and financial institutions as a consequence of borrowers defaulting on their repayments. The Council of Mortgage Lenders has reported that the number of properties repossessed in the UK rose to ... more »
Protection scheme hits Nationwide
by
Jet-to-Let Magazine
on Wed 27 May 2009 16:46 BST
Nationwide, the UK's biggest building society, said profits had been hit by its "unfair" level of contribution to a savings protection scheme. Pre-tax profits fell by 69% to £212m for the year to 4 April. It said the £241m it had to pay into the Financial Services Compensation Scheme - ... more » Tuesday, May 26
Dominic Farrell: UK Repossessed Property Bargains And Cyprus Update
by
Jet-to-Let Magazine
on Tue 26 May 2009 16:56 BST
Dear Investor, I spent last week in Cyprus, where the temperatures were close to 35C and the skies clear and blue. I attended the monthly site meeting at The Grove Spa Resort in Mazotos, Cyprus and had a number of meetings with the banks, contractors, consultants and of course our ... more »
Mortgage market recovery 'contingent on return of FTBs'
by
Jet-to-Let Magazine
on Tue 26 May 2009 16:38 BST
The recovery of the UK's mortgage market is contingent on the return on first-time buyers (FTBs), it has been claimed. According to chartered financial planner at Fairinvestment.co.uk Sharon Bratley, it is "about time" that big high street lenders begin offering competitive products to such people. She made her comments following ... more » Friday, May 22
Biggest spending drop since 1980
by
Jet-to-Let Magazine
on Fri 22 May 2009 17:18 BST
The output of the UK economy fell by an unrevised 1.9% in the first three months of 2009, new figures from the Office of National Statistics show. However, spending by households fell by 1.2%, the biggest drop since 1980. The only sector of the economy making a positive contribution to ... more » Thursday, May 21
Tenants 'let down by extra costs'
by
Jet-to-Let Magazine
on Thu 21 May 2009 10:09 BST
Some tenants face "unjustified and excessive" charges from lettings agents in England and Wales, says a charity. A report by Citizens Advice says that extra costs, including administration fees and reference checks, could add up to £600 to the cost of renting a home. The charity claimed the charges often ... more » Wednesday, May 20
Pound strengthens against dollar
by
Jet-to-Let Magazine
on Wed 20 May 2009 09:32 BST
The pound has strengthened against the dollar, after Bank of England minutes revealed that policymakers considered boosting money supplies. The prospect of the move, which could encourage lending - stimulating the economy - boosted sterling. On Wednesday, the pound rose as high as $1.5794 against the dollar, its strongest level ... more » Tuesday, May 19
Property slump worsens across the globe
by
Jet-to-Let Magazine
on Tue 19 May 2009 17:24 BST
The slump across global commercial property markets has accelerated since the turn of the year, with the emerging markets in particular struggling under the combination of capital value and rental falls. The pace of decline in capital values accelerated in the first quarter, while almost every country in the world ... more » Monday, May 18
UK housing market: Asking prices for properties 'on the up'
by
Jet-to-Let Magazine
on Mon 18 May 2009 09:59 BST
Asking prices for properties have risen for the fourth month in a row as new sellers continued to quote optimistic prices for their homes, research showed today. The average asking price of a property in England and Wales increased by 2.4%, or £5,000, during the four weeks to May 9, ... more » Friday, May 15
UK repossessions up 50% in a year
by
Jet-to-Let Magazine
on Fri 15 May 2009 17:30 BST
The number of homes repossessed in the UK rose to 12,800 in the first three months of the year, the Council of Mortgage Lenders (CML) has said. This was up 23% from the 10,400 in the previous three months and 50% up on the 8,500 in the same period last ... more » Wednesday, May 13
Bank sees slow economic recovery
by
Jet-to-Let Magazine
on Wed 13 May 2009 17:15 BST
The Bank of England says that the UK economic recovery is likely to be slow and protracted. The Bank has cut its growth forecast over the next two years and raised its estimate for inflation since February. It appears to be gloomier than the government, which has forecast a decline ... more » Tuesday, May 12
Dominic Farrell: UK Bank Repossessed Property And Jet-to-Let Tax Breaks For Owners
by
Jet-to-Let Magazine
on Tue 12 May 2009 16:46 BST
Dear Investor, It has been 4 weeks since my last newsletter. Personally, I have been very busy refinancing some of my UK assets in order to invest in more, and also conducting personal due diligence and negotiations on a large UK commercial property which has been repossessed by a finance company. ... more »
Dominic Farrell: UK Bank Repossessed Property And Jet-to-Let Tax Breaks For Owners
by
Jet-to-Let Magazine
on Tue 12 May 2009 11:48 BST
Dear Investor,
It has been 4 weeks since my last newsletter. Personally, I have been very busy refinancing some of my UK assets in order to invest in more, and also conducting personal due diligence and negotiations on a large UK commercial property which has been repossessed by a finance ... more »
'Recovery signs' in housing poll
by
Jet-to-Let Magazine
on Tue 12 May 2009 11:40 BST
Surveyors have reported "tentative signs" of a recovery in the property market, despite small numbers of homes being sold. Only 10.6 homes were sold on average per UK surveyor in the three months to the end of April, down 41% on the same period a year earlier. But the Royal ... more » Monday, May 11
House Prices 'Could Rise by End of 2009'
by
Jet-to-Let Magazine
on Mon 11 May 2009 11:02 BST
House prices may begin to increase by the end of the year, experts have suggested. The UK's biggest mortgage lender has predicted that property prices will only fall by another six percent - and could even begin to rise by the end of 2009. Lloyds, which owns 30 percent of ... more » Friday, May 8
Fixed-rate mortgages to rise
by
Jet-to-Let Magazine
on Fri 08 May 2009 10:07 BST
A number of lenders are set to increase their fixed mortgage rates next week, particularly for longer-term deals, following a jump in funding costs. Yorkshire Building Society, which withdrew a number of mortgage rates this week, will raise the price of its five-year deals by up to 0.3 percentage points. ... more » Thursday, May 7
Clear view of house price slump
by
Jet-to-Let Magazine
on Thu 07 May 2009 16:53 BST
A comprehensive review of house prices in England and Wales by the Land Registry has revealed the depth of the slump in early 2009. The average property price in the first three months of the year was 3.14% lower than the previous quarter and down 9% on the same period ... more » Wednesday, May 6
More house price falls 'likely'
by
Jet-to-Let Magazine
on Wed 06 May 2009 09:21 BST
UK house prices are continuing to fall sharply, according to the latest survey from the Halifax. The lender, now part of the Lloyds Banking Group, says prices fell by another 1.7% in April, pushing the annual decline from 17.5% to 17.7%. It means that the average UK property is now ... more » Tuesday, May 5
Letting agents set for regulation
by
Jet-to-Let Magazine
on Tue 05 May 2009 16:41 BST
New guidelines are being brought in aimed at protecting tenants and homeowners who use letting agencies. The Association of Residential Letting Agents (Arla) is introducing a licensing scheme for its UK members and a code of practice for letting agents. This would hopefully stop the rentals market being seen as ... more » Monday, May 4
Home values 'down 28% from peak'
by
Jet-to-Let Magazine
on Mon 04 May 2009 09:21 BST
UK property prices will have fallen by 28% from their peak before the market downturn ends, the Centre for Economics and Business Research (CEBR) has said. The economists' group predicted prices would reach their trough early next year, but said there was little chance of real price growth until 2013. ... more » Friday, May 1
March mortgage approvals grow 4%
by
Jet-to-Let Magazine
on Fri 01 May 2009 17:27 BST
The growth in mortgage lending is likely to continue, according to figures from the Bank of England. Approvals for mortgages rose 4% to 39,230, with a value of £4.6bn, well above their six-month average. Total lending to individuals rose £900m in March, which was below February's rise of £1.5bn and ... more » |
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