News
Property News
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You only get what you pay for 21st July 2010
The private rented section has been very much the focus of news attention over the past few weeks, if not only because the new Coalition Government has seen fit to overturn the recommendations of the Rugg Review to bring in regulation of Letting Agents and Landlords. They are satisfied that... Read More
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Interest rates to remain low 14th July 2010
Following the recent emergency Budget, the Bank of England have continued to keep the base rate at its low level due to the austerity measures that were announced according to Andy Cuthbert, Managing Director of dot financial services. He comments: “As the first decision since the Budget... Read More
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No let up on leasehold lettings 14th July 2010
A new guide to good practice and related issues when letting leasehold flats has been published. Despite the downturn the letting of leasehold flats is continuing at a level that still gives cause for concern where the letting is not done properly. Following the huge growth of buy-to-let... Read More
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Movers spend lowest ever average proportion of income on their mortgages 14th July 2010
Borrowers moving home in May saw their mortgage interest payments accounting for the lowest proportion of their income in 35 years, according to new data from the Council of Mortgage Lenders. And house purchase lending rose from a year ago for the 11th consecutive month. But with the challenging... Read More
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House prices edge up 7th July 2010
House prices edged up again in June according to the Nationwide House Price Index taking the average price of a UK property to £170,111 compared to £169.162 in May. Over the first half of 2010,house prises have risen by a cumulative 3%.It seems that there has been am increase in the supply of... Read More
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Low running costs make new homes attractive says poll 7th July 2010
A recent survey shows that low maintenance and peace of mind are attracting cost-conscious homebuyers to new build property. Cash-conscious homebuyers are taking a long term view when conducting their property search and are increasingly looking to new homes due to the lower ongoing running... Read More
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Record 32,000 Britons now own property in Turkey 7th July 2010
According to the latest data released by the Turkish General Directorate of Land Registry, demand for Turkish property is not showing any signs of slowing with a record 32,000 Britons now owning property in the country The last couple of years have seen interest in second homes especially along the... Read More
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Is this the age of aspiration? 2nd July 2010
There were no real, surprises in the recent budget in relation to housing and mortgage markets according to the Council of Mortgage Lenders (CML). CML director general Michael Coogan commented: “We knew the budget would be hard-hitting across the board, so it is no surprise that housing has not... Read More
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Capital Gains Tax increase - will it effect the market? 2nd July 2010
So will the change in Capital Gains Tax effect the property market, and if so, how will it effect things? We heard from Andy Young, Chief Executive Officer at Landlord Centre who gave us this view... ‘There has been speculation about the how the rise in Capital Gains Tax (CGT), announced in the... Read More
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New rules for lenders handling mortgage arrears 2nd July 2010
The Financial Services Authority (FSA) has published new rules to protect vulnerable customers in arrears on their mortgages. With immediate effect, homeowners in arrears must be treated fairly by lenders and the following specific areas have been itemised:- 1. Firms must not apply a... Read More
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Survey says cleaning adds value to your home 24th June 2010
Recent research conducted by property specialists movewithus has revealed that the best way to increase the saleability of a home, for less than £100, is by cleaning it. The survey questioned over 200 leading estate agents across the UK and revealed the top ways for adding value to your house... Read More
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Greater choice available for property information 24th June 2010
With the suspension of the controversial Home Information Pack (HIP), consumers and their agents buying and selling their houses now have greater choice regarding who their supplier of property information should be. Consumer interests seem to be best served by official, indemnified... Read More