Property Market
First time buyer property values slump
First time buyers are forcing down property values, according to independent financial website Moneyextra.com.
Property in prime central London weakens further
Prices for housing in prime central London housing market remained unchanged in April with a barely discernable growth rate of 0.1%, according to Knight Frank.
Property developers discover alternative funding options
It is all too apparent that mortgages and other financial solutions have become much harder to find in the wake of the credit crunch affecting the UK. Recent press and media reports paint a gloomy picture of the property market in freefall, but in reality is the situation really as bad as it seems?
A tailor-made mortgage package with peace of mind
Leading house-builder George Wimpey South Midlands is offering tailor-made packages to prevent its customers ending up out-of-pocket due to the increasing costs of mortgages.
RICS: Bovis profit warning
Commenting on Bovis profit warning, published today, James Rowlands, RICS public policy officer said: Further bad news from housebuilders shows the impact the credit crunch is having on people who want to buy homes but are no longer able to get a mortgage.
Tax break for green landlords
The National Landlords Association (NLA), UK representative body for landlords, has urged private-residential landlords to use the Landlord's Energy Saving Allowance (LESA), a tax break allowing landlords to claim on their tax return against the cost of buying and installing energy saving items.
Deal or no deal: Brits divided over gazundering
Six out of ten people (58%) think gazundering is unethical yet, if pushed, 94% of the nation would force the price of a house down at the last minute, according to a new study by leading personal finance site Fool.co.uk.
City workers crave a life in the country
Increasing numbers of homeowners are considering a move to the country according to Yorkshire Bank's quarterly Housebuyers Survey.
House prices drop 1.3% in April
House prices fell by 1.3% in April and prices were 0.9% lower on an annual basis, according to the Halifax House Price Index.
NAEA says there are still regional differences
Following the release of the Halifax house price index, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), said: "Whilst the report shows a modest decline in prices, this is a small proportion of the substantial prices in recent years.
Branded rental market will leave the vulnerable ‘out in the cold'
The National Landlords Association (NLA), the UK's leading representative body for landlords, has responded to further calls for the adoption of a large institution-driven, US-style branded rental market in the UK by warning that it could leave the vulnerable ‘out in the cold'.
NAEA welcomes Bank of England's views for the future
The National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), welcomes the news announced in the Bank of England's financial stability report that predicts a resurgence in confidence over the coming months.
Take the Barratt mortgage challenge and get a ‘Head Start'
First time buyers may be a little apprehensive after reading a couple of scary headlines from recent newspapers about mortgage availability. However, Barratt West Scotland's Sales Director, Stuart MacColl is confident that the vast majority of First Time buyers who take up the ‘Mortgage Challenge' with the Barratt will be successful. Which, combined with Barratt's ‘Head Start' scheme to give a helping hand, promises to be one of the best First Time Buyers deal on the market.
Tenant demand strong as rents top £1,000 per month
Average rents have risen by 4% over the past quarter and 12% over 6 months to reach a new record of more than £1,000 per month (£12,041 annually), Paragon's latest Buy-to-Let Index reveals.
Barratt helps first time buyers with head start
First time buyers in the region are being given a helping hand onto the housing ladder with a brand new initiative from Barratt - Head Start. Available for a limited period on apartments and houses, the deal is designed to make home ownership as affordable as possible for those looking to get onto the housing ladder.