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Friday, August 28
House price rise hits 5-year high
by
Jet-to-Let Magazine
on Fri 28 Aug 2009 15:08 BST
House prices in England and Wales rose by 1.7% in July compared with June - the biggest monthly leap in value since July 2004, the Land Registry said. Every region recorded a monthly rise in prices, with the average home valued at £155,885, the analysis found. But prices were still ... more » Thursday, August 27
House prices 'continue to rise'
by
Jet-to-Let Magazine
on Thu 27 Aug 2009 10:54 BST
UK house prices rose for the fourth month in a row during August, the Nationwide has said, climbing by 1.6%. According to the Nationwide, the average price of a home is now £160,224, up from £158,871 in July. While prices are still lower than last year, the annual rate of ... more » Wednesday, August 26
first direct reduces arrangement fees on offset mortgages
by
Jet-to-Let Magazine
on Wed 26 Aug 2009 17:15 BST
first direct, part of HSBC, has today cut the arrangement fees on its fixed rate offset mortgages. On the 2 and 3 year fixed rate offset mortgages with 75% LTV, the arrangement fee is being reduced from £499 to £199. On the 2 year fixed rate offset mortgage with 65% ... more » Tuesday, August 25
Recession in Britain 'at an end'
by
Jet-to-Let Magazine
on Tue 25 Aug 2009 09:55 BST
Confidence among business professionals has surged, suggesting the recession is at an end, a survey has said. The Institute of Chartered Accountants' index of business confidence rose to 4.8 at the end of June, from -28.2 in March, the biggest rise for two years. However, chief executive Michael Izza warned ... more » Monday, August 24
Mortgage lending still increasing
by
Jet-to-Let Magazine
on Mon 24 Aug 2009 14:27 BST
Mortgage lending continues to rise, according to the latest figures from the Council of Mortgage Lenders (CML). Gross lending in July stood at £16bn, 26% higher than in June, though still more than a third lower than in July last year. Mortgage lending, house sales and property prices have all ... 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 13
Property prices are low, but don't jump into the market too soon
by
Jet-to-Let Magazine
on Thu 13 Aug 2009 10:19 BST
House prices are on the up once more, which raises the question: is now the time to get back into a perkier property market?
The figures from mortgage lenders certainly suggest so. Nationwide has reported a 1.3 per cent rise in prices following similar increases in June and May, while ... more »
Wednesday, August 12
Huge drop in long-term fixed mortgages
by
Jet-to-Let Magazine
on Wed 12 Aug 2009 10:13 BST
Home-buyers seeking long-term fixed-rate mortgages are struggling to find a good deal, because of the credit crunch.
New research shows the number available has dropped significantly with just 39 deals with fixed-terms of 10 years or more on the market. MoneyExpert.com claims there were 137 available a year ago.
Overall, ... more »
Tuesday, August 11
House prices rise for a third month
by
Jet-to-Let Magazine
on Tue 11 Aug 2009 10:11 BST
House prices are now higher than at the beginning of the year after rising for the third month in a row during July, figures have shown.
The average value of a UK home rose by 1.3% during the month to stand at £158,871, according to Nationwide.
The building society said ... more »
Monday, August 10
Anger over HMO cuts plan
by
Jet-to-Let Magazine
on Mon 10 Aug 2009 11:04 BST
Landlords and the National Union of Students (NUS) have rejected government proposals to limit house-sharing.
The government may give councils the power to limit the number of houses in multiple occupation (HMOs) in one area.
Locals complained that too many HMOs lead to problems of anti-social behaviour as well as ... more »
Friday, August 7
'No quick return' to housing boom
by
Jet-to-Let Magazine
on Fri 07 Aug 2009 12:41 BST
There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say. The Royal Institution of Chartered Surveyors has changed its forecast of a price fall of 10-15% this year amid a "considerable shift" in ... 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 » Wednesday, August 5
House prices rising, says Halifax
by
Jet-to-Let Magazine
on Wed 05 Aug 2009 11:00 BST
House prices are now rising, according to the latest survey from the Halifax mortgage lender. The cost of the average house went up by 1.1% in July to £159,623. Prices in the three months to July were 0.8% higher than in the previous three months, the first increase in the ... more » Tuesday, August 4
Housing market "in early stages of recovery" - Savills
by
Jet-to-Let Magazine
on Tue 04 Aug 2009 10:52 BST
The housing market is now in the early stages of a recovery that will be led by the prime market, according to a new report from Savills. In Residential Property Focus, head of Savills residential research Yolande Barnes stated that the imbalance between demand and supply that the housing market ... more » Monday, August 3
Nationwide cuts mortgage rates
by
Jet-to-Let Magazine
on Mon 03 Aug 2009 10:20 BST
Britain's biggest mutual cuts interest rates by up to 0.5 percentage points for borrowers with hefty deposits Homeowners will benefit from the first drop in mortgage rates in months after Nationwide announced that it is cutting the cost of its most popular deals tomorrow. Britain's biggest building society is reducing ... more » |
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