Property Market
Legal & General Property acquires One Whitehall Quay
Legal & General Property ("LGP") announces it has acquired One Whitehall Quay in Leeds for its UK Property Unit Trust Fund ("the Fund") from Britannia Invest A/S for £14.38 million. The purchase price reflects a net initial yield of 7.88%.
Demand for London office space surges ahead
Office space in London continued to outperform all other sectors and regions of the UK's commercial property market during the first three months of 2011, according to the latest RICS UK Commercial Market Survey.
Tying the property knot
Buying a property with somebody else is seen by many as one of life’s significant milestones. However, as with any big financial commitment, time should be taken to weigh up the options and consider the implications of things not going quite as planned.
New home registrations soar
According to the NHBC, new home registrations by house builders reached the highest monthly number for more than three years during March 2011.
Nationwide cuts mortgage rates
Nationwide is cutting mortgage rates by up to 1% for new and existing homebuyers who have a small deposit. The Society will also reduce its product fee by £500 for those who are moving home - effectively a 50% reduction.
Affordable rural living in Norfolk
Orbit Homes have launched their latest development, Wisteria, in the village of Scole, South Norfolk. Aspiring buyers are invited to come along to an open evening on Thursday 12th May between 4pm and 7pm to take a first look at the beautiful new homes now available.
Five tips to help you price your home accurately
Once you make a decision to put a property on the market, how do you know how to price it accurately? The National Association of Estate Agents has these five tips for sellers:
Free eco makeover for Peckham home buyers
“Properties located in the leafy Low Carbon Zone of Peckham are a dream for environmentally friendly buyers as they offer the potential for a free refurbishment and involvement in one of the most anticipated regeneration projects of the next decade,” says leading South East London estate agent, Wooster & Stock.
First come first served for FirstBuy scheme
First time buyers wanting to take advantage of the Government’s FirstBuy initiative to get a foothold on the property ladder are being advised to register their interest in the new loan equity scheme now to avoid disappointment.
Affordable solution to buying new in North Manchester
Would-be home owners in Manchester could find that escaping the rental trap is easier than they thought thanks to Redrow.
Skipton launches competitive low-deposit mortgage
Skipton Building Society is further enhancing its help for first and next-time buyers struggling to raise large deposits in order to purchase homes.
Persimmon helps Shaftesbury buyers avoid rent race
Many young house hunters may find themselves stuck in a vicious circle of renting and not being able to afford to save enough money for a deposit at the same time. However, one couple in Shaftesbury has been able to move into their very own property – without a deposit – thanks to Persimmon Homes’ shared equity scheme.
First-time buyers can "Save To Buy" with Nationwide
Nationwide is to launch Save to Buy - an account for first-time buyers to save regularly towards their deposit that also enables them to apply for a Nationwide mortgage with a lower deposit of 5% (95% LTV). The account will be available from 6 May 2011.
House prices fell by 0.2% in April
The price of a typical house fell by 0.2% in April, which left prices 1.3% lower than the same period of 2010, according to the Nationwide House Prices Index.
First time buyers save five years for deposit
Almost a quarter (23 per cent) of first time buyers trying to get on the British housing ladder expect to spend at least five years saving up for a deposit on their first home, according to research from Santander Mortgages.