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News Archive - January 2008
The Council of Mortgage Lenders (CML) does not share the gloomy outlook for the mortgage market that some analysts do.In a commentary on the market, t...
Published: 31/01/2008
January house prices down again
January saw the average UK property price fall for the third consecutive month.That is according to the latest Nationwide house price index, which rev...
Published: 31/01/2008
Mortgage interest rises sharply
The average interest paid on a mortgage increased markedly between December 2006 and November 2007.New figures from mform show that the amount of inte...
Published: 31/01/2008
Brighton market positive for landlords
Buy-to-let property investors can benefit from a buoyant market in Brighton.That is according to local estate agency Brighton & Hove Family Homes,...
Published: 30/01/2008
Student debt changes will not affect buyers
Fears that a change to the law surrounding student debt will prevent first time buyers making it onto the property ladder have been dismissed.It has b...
Published: 30/01/2008
Women worse at reviewing mortgage deals
Women are worse than men when it comes to managing their finances, according to new research.According to Abbey, women are less likely to shop around ...
Published: 30/01/2008
Hips benefit homebuyers
The number of speculative property marketers has fallen as a result of the introduction of Home information packs (Hips).That is according to AA Legal...
Published: 29/01/2008
New home prices remain out of reach for FTBs
The average price of a new home in London fell in the last 12 months, according to Smart New Homes.According to the firm, a drop of 4.1 per cent was w...
Published: 29/01/2008
Prices fall for 4th consecutive month
The average property in the UK lost 0.3 per cent of its value in January, according to the latest figures.Hometrack has published its latest house pri...
Published: 29/01/2008
Sussex protected from price crash
If the UK housing market does crash, Sussex will not suffer.That is according to one estate agency in Brighton, which told the Argus that the region i...
Published: 28/01/2008
Landlords reap mortgage rise rewards
Buy-to-let property investors are benefiting from increased mortgage costs, which are forcing more potential homebuyers into rented accommodation.Acco...
Published: 25/01/2008
London affordability tackled
A new report has been published with the aim of tackling affordability in London.It is good news for first time buyers (FTBs), many of whom simply can...
Published: 25/01/2008
South-west attracts homebuyers
The south-west of England has benefited from an influx of homebuyers because the region has a number of attractive characteristics.That is according t...
Published: 25/01/2008
Strong year predicted for UK mortgage market
A strong desire among Britons to own their own home will keep the mortgage market buoyant in 2008.That is the opinion of financial advisor Best Invest...
Published: 24/01/2008
UK homeowners encouraged to make friends
Homeowners are being encouraged to get to know their neighbours in a bid to make parts of the UK safer.According to the government, only 27 per cent o...
Published: 24/01/2008
MPC voted strongly against January rate cut
The Bank of England's Monetary Policy Committee (MPC) voted 8-1 in favour of holding the base rate of interest in January.That fact has been revealed ...
Published: 23/01/2008
House price growth falls slightly
Annual house price growth fell to 6.4 per cent in December, according to the latest Assetz House Price Watch.That is down on the 7.9 per cent figure r...
Published: 22/01/2008
Rise in tenancy deposits being protected
Tenancy deposit protection schemes are growing, according to the latest figures from the Tenancy Deposit Scheme.The organisation has revealed massive ...
Published: 22/01/2008
Welsh market remains robust
The Welsh property market remains robust despite other parts of the UK slowing.That is according to estate agency RE/MAX, which said that Wales had be...
Published: 22/01/2008
Market picks up after slow start
The UK property market began to pick up in January, following a poor start.That is according to the latest Rightmove house price index, which shows th...
Published: 21/01/2008
Prices rise in final quarter of 2007
The average UK property price in the final quarter of 2007 was 5.2 per cent higher than a year previous.Halifax has published figures which reveal tha...
Published: 21/01/2008
Web is most popular property search tool
The average UK homebuyer would rather search for a property on the internet than use more traditional methods.New research from Hot Property reveals t...
Published: 21/01/2008
February rate cut hinted at by MPC member
There is fresh momentum behind the case for a cut to the base rate of interest in February.Bank of England deputy governor and Monetary Policy Committ...
Published: 18/01/2008
House price crash not on the cards
Rumours of a housing market price crash should be taken with a pinch of salt, according to one expert.The Telegraph has reported that CB Richard Ellis...
Published: 18/01/2008
More floods expected
Homeowners in parts of the UK have been warned that more severe weather is on the way, potentially leading to large-scale flooding.It follows floods e...
Published: 18/01/2008
Airport growth may boost house prices
Properties close to London City Airport may increase in value due to the expansion of the hub.To many it may seem strange that the expansion of an air...
Published: 17/01/2008
Brits more concerned with holidays than mortgages
According to website Fool, the majority of Britons spend longer considering where to go on holiday than they do choosing a mortgage.The site claims th...
Published: 17/01/2008
Price growth slows
House price growth slowed in 2007 and it looks as thought the property price bubble may have deflated slightly.That is according to Moneyextra, which ...
Published: 17/01/2008
Buy-to-let market sees growth
Borrowers have turned to the buy-to-let market in growing numbers during 2007, it has emerged.Research by Hamptons Mortgages has revealed that the buy...
Published: 16/01/2008
Slowing market 'good for buyers'
Homebuyers are likely to benefit from a downturn in the UK property market during 2008, an expert has said.David Kuo, head of personal finance at inde...
Published: 16/01/2008
Mortgage costs up despite rate cut
Last month's rate cut by the Bank of England did not lead to the benefits some mortgage borrowers may have been hoping for, it has emerged.Research by...
Published: 16/01/2008
Co-buyers urged to draw up agreement
First time buyers (FTBs) have been advised to draw up a cohabitation agreement before entering into a shared ownership agreement.FirstRungNow supports...
Published: 15/01/2008
CPI figure fuels Feb interest rate speculation
Hopes of a cut to the base rate of interest next month are growing following the publication of the latest consumer price inflation (CPI) figure.The B...
Published: 15/01/2008
Value of housing stock reaches record
The value of the private UK housing stock reached a record level in 2007, according to the latest figures.The total value was recorded by Halifax as &...
Published: 15/01/2008
Borrowers opt for variable rates
Mortgage borrowers have been very canny in the type of loans they have taken out in recent months, according to Spicerhaart Financial Services.The fir...
Published: 11/01/2008
Good time to buy property
The majority of property investors believe that now is a good time to invest.That is according to the latest survey from Property for Life, which reve...
Published: 11/01/2008
NI property remains good investment
Property in Northern Ireland remains a good investment despite recent falls in house prices.It has been reported by Nationwide that the average proper...
Published: 11/01/2008
Base rate is frozen
Interest rates have been held at 5.5 per cent but mortgage borrowers may be in for a bumper reduction in February.Today's (January 10th) decision was ...
Published: 10/01/2008
NLA calls for fees to be scrapped
The National Landlords Association (NLA) wants tenancy renewal fees to be scrapped in some cases.According to the organisation, the fee is "unfai...
Published: 10/01/2008
Base rate cut may not be passed on
Even if the Bank of England's Monetary Policy Committee (MPC) chooses to cut the base rate of interest today (January 10th) mortgage holders may not s...
Published: 10/01/2008
Base rate decision has industry split
Tomorrow's (January 10th) decision on the base rate of interest is hanging in the balance and has divided opinion among analysts.The Bank of England's...
Published: 09/01/2008
Confidence down but some rays of hope
Consumer confidence fell in December, despite a 0.25 percentage point cut to the base rate of interest.According to the Nationwide Consumer Confidence...
Published: 09/01/2008
Partnership aims to settle landlord disputes
It is hoped that a new partnership will help to speed up the resolution of disputes between buy-to-let investors and tenants.The Ombudsman for Estate ...
Published: 09/01/2008
Green mortgages set to take off
The UK mortgage market is set to see an increase in the number of green deals being offered by lenders.That is according to financial advisor Lansdown...
Published: 08/01/2008
IMLA: 'Positive approach needed'
The UK housing market is not doomed as some commentators would have us believe and the negative attitude of many is in danger of causing a recession.T...
Published: 08/01/2008
Prices rise in December
The average property price increased in December, surprising many analysts.According to the latest Halifax House Price Index, the average UK home incr...
Published: 08/01/2008
Confidence remains among landlords
Confidence in the buy-to-let sector remains high despite the global credit crunch.A report by the Association of Residential Lettings Agents (Arla) re...
Published: 07/01/2008
Cultural Liverpool attracts buyers
Liverpool, the European Capital of Culture 2008, will offer property investors good opportunities in the year ahead.That is according to property agen...
Published: 07/01/2008
Price growth slows
House price growth slowed in the last quarter of 2007, according to the latest figures from Nationwide.The firm has published a report, revealing that...
Published: 07/01/2008
Housing market growth slows in 2007
The housing market's rate of growth slowed last year, but analysts have warned that this is no cause for concern.Annualised growth stood at 8.3 per ce...
Published: 04/01/2008
Building society mortgages getting cheaper
Building societies have increased their presence in the top ten cheapest mortgage lenders.That is according to Defaqto, which reveals that two of the ...
Published: 03/01/2008
FTBs can benefit by buying now
Now may be a good time for first-time buyers (FTBs) to enter the UK property market.That is according to Miller Homes, which said that new buyers can ...
Published: 03/01/2008
FTBs continue to struggle
First time buyers (FTBs) are still struggling to make it onto the property ladder but the "phenomenon" of price inflation appears to be over...
Published: 03/01/2008
Nationwide 'most trusted lender'
The Nationwide building society has been voted the most trusted lender in the UK by a new study from moneysupermarket.com.The price comparison website...
Published: 02/01/2008
House prices drop in December
Property intelligence firm Hometrack has said that house prices fell by 0.3 per cent in December , though overall growth for 2007 remained positive.Th...
Published: 02/01/2008
St Albans 'most expensive UK town'
St Albans has a higher average house price than any other town in the UK, a new study from Nationwide has revealed.The lender's research has found tha...
Published: 02/01/2008
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