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Mortgage Decrease Continues

Published on May 25, 2010 | Author: 

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What impact does it have on you? The Council of Mortgage Lenders (CML) has announced a slight seasonal decline in gross mortgage lending. The CML has also highlighted a significant decrease in the number of first time buyers qualifying for mortgages, as they are finding it increasingly difficult to raise a substantial deposit. The regulating [...]


Mortgage Lending At Its Lowest In 10 Years

Published on May 24, 2010 | Author: 

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Will your house sell? Recent research had bought to light more worrying signs that the UK housing market is still a long way off recovery, as mortgage lending has slumped to a 10 year low at the end of last month. Banks and building societies gave out £10.2 billion worth of home loans, a record [...]


HIP’s Suspended From 21st May

Published on May 21, 2010 | Author: 

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How will this affect UK’s property market? As of today Home Information Packs will no longer be required for house sellers. The costly HIP packs were first introduced in 2007 in England and Wales despite opposition from the Chartered Surveyors (RICS) and National Association of Estate Agents. The final HIP abolishment will require changes to [...]


Many Lenders Still Not Delivering On Repossessions

Published on May 21, 2010 | Author: 

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Do you need to clear your debt urgently? Many mortgage lenders according to debt advice organisations have not totally signed up to new government initiatives that are aimed at helping individuals to prevent repossession. Mainstream mortgage lenders have complied and improved the way they treat struggling homeowners however, subprime and “second charge” lending sectors are [...]


Eurozone Potential Threat To UK Economy

Published on May 20, 2010 | Author: 

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Bad news for property market? The Bank of England has warned problems in Europe can pose a potential to the British economy. Adam Posen, an American economist and member of the Bank’s Monetary Policy Committee (MPC) said Britain would be in trouble if the Eurozone fell back into recession because it is so heavily dependent [...]


Election Result Causes Uncertainty Within The UK Housing Market To Continue

Published on May 19, 2010 | Author: 

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How stable is your situation? A hung parliament presents significant new risks, as well as some opportunities, for the housing market, argues Liam Bailey, Knight Frank’s head of residential research. David Tate of Davis Tate Estate Agents has said that “the markets and financial industries will react positively to a new government, but they still [...]


Broken Housing Market For New Government

Published on May 17, 2010 | Author: 

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What’s the outlook for your property sale? During the build up to the General Election the housing market saw the highest number of new sellers coming to the market since June 2008. However the lack of buyers qualifying for a mortgage is at an all time low. Miles Shipside, commercial director of Rightmove has “observed last [...]


Property Experts Divided Over Housing Market Outlook

Published on May 12, 2010 | Author: 

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Don’t let the uncertainty drive your decisions? Latest property price surveys have caused controversy concerning the UK’s outcome within the housing market. While some experts see a spring bounce on the horizons, many still believe it will be short lived. According to Nationwide the country did see an average 1% price increase in April. However [...]


Pound Falls While UK Growth Risks Increase

Published on May 12, 2010 | Author: 

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Can you risk your security? The UK pound fell again against the Euro as gilts rise, as the Bank of England announced risks to the UK’s economic growth. The sterling did have some growth compared to the US dollar after the central bank called on David Cameron’s incoming government to step up measures to tackle [...]


Call For Swift Action On UK Debt As Pound Suffers

Published on May 11, 2010 | Author: 

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Stop your money crisis The countries business leaders have united for swift action to be taken over the UK’s mounting debt, after the British pound plummeted on the foreign exchange markets. Sterling fell to its lowest level against the US dollar since April 2007 at one point but did show signs of rises when Nick [...]


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