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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 » Friday, July 31
UK's mortgage market 'still weak'
by
Jet-to-Let Magazine
on Fri 31 Jul 2009 10:36 BST
Despite recent figures from the Bank of England (BoE) indicating a rise in mortgage approvals last month, the market remains weak, it has been suggested. According to the Council of Mortgage Lenders (CML), the statistics are still low compared with previous levels. The BoE data showed that mortgage approvals for ... more » Thursday, July 30
House Prices Could Rise This Year
by
Jet-to-Let Magazine
on Thu 30 Jul 2009 09:56 BST
The house price trend is now pointing upwards, according to Nationwide, and the average value could end the year higher than it started it. Do you expect prices to continue rising or are we merely seeing a blip on the market? Sign in to join the debate. Nationwide says that ... more » Wednesday, July 29
UK rent rise
by
Jet-to-Let Magazine
on Wed 29 Jul 2009 17:06 BST
Latest research from LSL Property Services shows rents rising in June, for the first time in three months... As a result, yields rose to an average 5.1 per cent last month, reaching their highest point in five years.Average rents increased 1per cent, to £649, compared with May but remained ... 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 27
Property prices down 3.2%, claims Zoopla
by
Jet-to-Let Magazine
on Mon 27 Jul 2009 10:20 BST
The average property price in England has declined 3.2% to £207,020 since January, according to Zoopla.co.uk. This compares to the 11.97% decline reported in the second half of last year, according to the figures from the portal, which bought Thinkproperty.com earlier this month and which remains locked in talks about ... more » Friday, July 24
Mortgage approvals hit 15 month high
by
Jet-to-Let Magazine
on Fri 24 Jul 2009 09:41 BST
Mortgage approvals by UK banks hit a 15 month high in June, fuelling hopes of a property market recovery, according to the British Bankers’ Association. A total of 35,235 mortgages were approved for house purchase last month, bettering May’s number of 31,919. Approvals were up by 65 per cent compared ... more » Thursday, July 23
Banks 'approving more mortgages'
by
Jet-to-Let Magazine
on Thu 23 Jul 2009 15:10 BST
Mortgage approvals by the major banks increased to a 15-month high in June, according to the British Bankers' Association (BBA). Some 35,235 mortgages were approved for house purchases in June, up from 31,919 the previous month, the BBA said. The figures reflected the banks' increased ability to lend and was ... more » Wednesday, July 22
Bank unanimous on rate decision
by
Jet-to-Let Magazine
on Wed 22 Jul 2009 15:15 BST
The Bank of England's interest rate setters voted unanimously to hold interest rates at the record low of 0.5% earlier this month. The Monetary Policy Committee (MPC) also agreed to maintain its £125bn quantitative easing (QE) programme. Minutes of the committee's July meeting showed it expected growth data for the ... more » Tuesday, July 21
Long-term fixed rate mortgages come to an end
by
Jet-to-Let Magazine
on Tue 21 Jul 2009 16:23 BST
The long-term fixed rate mortgage market has come to an end, as Manchester Building Society withdraws its 30-year fixed rate product. Now, according to Moneyfacts.co.uk, the longest period which a borrower can fix their mortgage for is 15 years. In July 2007, Prime Minister Gordon Brown said that longer term ... 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 » Friday, July 17
Tracker mortgages offer lowest rates
by
Jet-to-Let Magazine
on Fri 17 Jul 2009 14:22 BST
Tracker mortgages, which are traditionally attractive when interest rates are falling, are starting to offer better value to borrowers than some fixed deals even though the base rate is at a historical low. The sharp increases to fixed rates in recent weeks mean many borrowers have missed the opportunity to ... more » Thursday, July 16
Over half mortgage brokers want FSA to regulate buy-to-let
by
Jet-to-Let Magazine
on Thu 16 Jul 2009 13:48 BST
Just over half of all mortgage brokers believe buy-to-let should be regulated by the FSA, according to new research from Exact mortgage specialists. The research showed that two out of every five brokers said at least 90 per cent of their BTL clients were amateur landlords. Nearly two-thirds of brokers ... more » Wednesday, July 15
UK commercial property values drop 44% from peak
by
Jet-to-Let Magazine
on Wed 15 Jul 2009 13:42 BST
British commercial property markets have recorded the shallowest fall since August 2007, at -0.9%, according to June’s IPD UK Monthly Index. But the all property peak-to-trough now stands at -44.1%, while the 12-month change in capital values is -30.8%. Over this two-year period, the nature of this property recession has ... 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 » Monday, July 13
Economy 'to dampen house prices'
by
Jet-to-Let Magazine
on Mon 13 Jul 2009 11:03 BST
The sluggish UK economy is likely to mean that house prices will not see any "meaningful" recovery for some time, two separate surveys suggest. There will be no "sustained" upturn until mortgages become more available, the Royal Institution of Chartered Surveyors (RICS) says. Meanwhile PricewaterhouseCoopers has warned further price falls ... more » |
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