The average mortgage arrangement fee has increased by £151 over the last year – a rise of 17 per cent, according to Moneyfacts.co.uk. In August 2010 the average fee was £879, today it stands at £1,030. The highest fee on the market is £3,800, which is being charged by Accord Mortgages (through selected intermediaries). Precise [...]

Continue reading " Mortgage Fees Rise 17% in a Year "

An analysis by Globrix.com of average property prices near Premier League football clubs reveals a dramatically different picture to their sporting fortunes. Rivals Chelsea and Fulham share top spot for most expensive property within the stadium postcode, whereas Merseyside neighbours Liverpool and Everton are stuck in the basement. With the new Premier League season just [...]

Continue reading " Property League Table Reveals Football’s Richest "

Mortgage lending rose sharply last month, even though it came from a very low level. The total number of new home loans to house buyers rose by 22 per cent from May, to 46,700, according to the Council of Mortgage Lenders. Those granted to first-time buyers also reached a 10-month high, up 24 per cent [...]

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Because around 70% of homes on the market since January remain unsold and each estate agent is handling an average 78 homes for sale, sellers are resorting to unusual measures to induce buyers, according to Rightmove. One vendor with a rare eight-bedroom penthouse with two terraces overlooking Lord’s cricket ground had a bright idea: “I [...]

Continue reading " Unusual Incentives That Help To Sell A House "

The return of the buy-to-let landlord has placed the focus back upon the rental sector, as mortgage lenders and investors pay more attention to it. Property advisors The Young Group has conducted some research to pinpoint shifts in the market.  The Group found that: · 38.2% of investors intend to keep their property assets for [...]

Continue reading " Anatomy Of A UK Property Landlord! "

The ‘Rent to Buy’ Mortgage from Saffron Building Society, which requires a 5 per cent deposit, is available to borrowers who can demonstrate a record of at least 12 months of paying rent.  The lender said it would accept this as evidence of their ability to afford an equivalent monthly mortgage payment. This would allow [...]

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The number of Buy To Let mortgages has increased steadily, reaching 505 by the beginning of August 2011, having fallen to just 189 mortgages in July 2009, according to Michelle Slade, spokesperson for Moneyfacts.co.uk. In the last few years, a number of lenders have returned to the Buy To Let market, giving a much needed [...]

Continue reading " New Options for Buy-to-Let Mortgages Hunters "

With buy-to-let taking off again, we present a quick survey of dos and don’ts for prospective landlords: 1. Think local: Mike Campbell at Belvoir Falkirk says: “The key thing is to buy appropriate to the local market, staying with mainstream properties that have high local demand.  Buying to the taste of the model age range [...]

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