According to Moneyfacts.co.uk, there are now more than 1,000 different mortgages on the market for people with deposits of 20 per cent or less, up from only 523 in December 2010. For those with a 20 per cent deposit, the choice has jumped by 150 per cent to 384 since summer 2010. There has also [...]
Continue reading " Options for House Buyers With Low Deposits "
New house sellers have dropped their asking prices by 1.6 per cent in July, according to figures just released by Rightmove. The research company also revealed that 70 per cent of properties marketed for the first time in 2011 are still on the market, indicating that many ‘equity poor’ sellers are unwilling or unable to [...]
According to figures from 1st Property Lawyers, one of the largest conveyancing firms in the UK, 29 per cent of property transactions fell through in the first half of 2011 – compared with 21 per cent three years ago. Most often, the house seller changes their mind; second most common is the prospective buyer pulling [...]
Two out of three mortage borrowers are choosing the certainty of a fixed-rate mortgage – in contrast to a year ago, when tracker mortgages were more popular. The Council of Mortgage Lenders said 62 per cent of borrowers continued to opt for fixed-rate mortgages in May, compared with 22 per cent of borrowers choosing tracker [...]
Mallorca’s Serra de Tramuntana landscape, prized by visitors and property investors, has been recognised for its outstanding universal value. The precipitous 90 km mountain range running from Andratx in the southwest to Pollença in the northwest has now earned a place on the World Heritage List. Towns such as Deià – which has been home [...]
A combination of a weak pound, rising bills and the difficulty of finding homebuyers means that thousands of British holiday home owners are in dire straits. According to a survey by foreign currency specialists HiFX, over the last 12 months 39 per cent of Britons with second homes overseas say they’ve found them an increasing [...]
After two years of debate and several months of official consultancy, the government is about to make a decision on HS2 – the high speed rail link which (if completed) would link London to Birmingham, Manchester and Leeds, shaving an hour or so off journey times. Property owners around the country have strong feelings about [...]
Continue reading " The Effect Of High Speed Rail Link On UK Property "
New rules from local authorities mean that it will be harder to let properties to students, or for multiple occupancy, as they try to improve the standard of rented accommodation and reduce the concentration of Houses in Multiple Occupation (HMOs) in certain locations. HMOs have typically been popular with landlords, due to the high rental [...]
Continue reading " Residential Landlords Warned On Occupancy "
With a new mood of realism, sellers appear to have accepted that the days of unending house price appreciation are over. According to The Housing Intelligence Company, the number of house sales agreed by agents has risen by 10.6 per cent in June – its highest level for three months – after the market was [...]
With the Bank of England calming fears of an imminent interest rate rise, home owners have taken their collective foot off the remortgage pedal, reports the British Bankers’ Association (BBA). The Association released figures of 21,519 remortgage approvals in May, a sharp drop on the average of 24,571 for the previous six months. Approvals for [...]
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