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UK Property News 10 2006

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House price growth still hearty says Nationwide

House prices have risen for the eighth consecutive month and are now eight per cent higher than last year, the Nationwide house price index has shown

31 Oct 2006
House price growth still hearty says Nationwide
New mortgages hit two year high says BoE

New mortgage approvals hit a two year high in September, the Bank of England figures have shown, with 126,000 new home-loans approved over the month

31 Oct 2006
New mortgages hit two year high says BoE
CML criticises "costly indulgence" of Hips

The Council of Mortgage Lenders (CML) has weighed into the ongoing debate about Home Information Packs (Hips), describing the scheme as a "costly indulgence".

30 Oct 2006
CML criticises "costly indulgence" of Hips
House price growth may herald slowdown says survey

Recent increases in UK property prices may be the last burst of growth heralding a slowdown, new research from Hometrack has suggested

30 Oct 2006
House price growth may herald slowdown says survey
Mortgage lending rises in September says BBA

Mortgage lending continued to rise over the course of September, new British Banker Association (BBA) figures have shown, with a three per cent rise in approvals on August

27 Oct 2006
Mortgage lending rises in September says BBA
Equity release continues to grow

The number of UK pensioners using equity release to tap the built-up value of their homes has continued to rise says industry group Safe Home Income Plans (Ship).

27 Oct 2006
Equity release continues to grow
Average London prices to hit £400k by 2011

Average house prices in London will rise to almost £400,000 within the next five years, a London Housing Federation report has warned

26 Oct 2006
Average London prices to hit £400k by 2011
Buy-to-let unaffected by rate rise says report

Enthusiasm for new investment in the buy-to-let market remains undimmed, despite concerns that affordability is cutting rental yields and dampening the market generally

26 Oct 2006
Buy-to-let unaffected by rate rise says report
Government announces areas to receive £40 million development fund

The government has released a list of 45 towns and cities across the UK that it believes will see rapid economic growth and will receive a share of new homebuilding funds

25 Oct 2006
Government announces areas to receive £40 million development fund
Unanimous preference for homes with Hips

Both pro and anti delegates at a recent Home Information Pack (Hips) conference were unanimous in saying that they would rather buy a home assured by the scheme

25 Oct 2006
Unanimous preference for homes with Hips
Property market to continue to flourish in '07 says report

House prices in the UK will grow six per cent over the course of 2007, a report from international property agents Knight Frank has predicted

24 Oct 2006
Property market to continue to flourish in '07 says report
Savings back in bricks and mortar says survey

Cash flows in the UK are returning from savings vehicles to the property market as confidence in bricks and mortar returns to pre-2005 levels says new research

24 Oct 2006
Savings back in bricks and mortar says survey
Thousands of mortgage holders overcharged admits BoS

Thousands of Bank of Scotland mortgage holders have found their bank accounts cleared out after the company accidentally charged multiple mortgage payments

23 Oct 2006
Thousands of mortgage holders overcharged admits BoS
HMO charging "lottery" says study

Houses in Multiple Occupation (HMO) rules have become a "postcode lottery" with councils across the country failing to consistently apply them, says new research

23 Oct 2006
HMO charging "lottery" says study
House price rises near 50% push NI to top of UK hotspots

Dramatic house prices of 46 per cent in the Northern Irish towns of Newry and Antrim have powered them to the top of the UK's property hotspots, says new research

20 Oct 2006
House price rises near 50% push NI to top of UK hotspots
A quarter of young reliant on parents for deposit

A quarter of all 20 to 35-year-olds are banking on their parents to cover a significant amount of their deposit when they buy their first home says a new survey

20 Oct 2006
A quarter of young reliant on parents for deposit
Letting terms of just days considered as "seismic changes" shake Scots rentals

The Scottish buy-to-let market is experiencing "seismic changes" due to rapidly rising property prices, a leading rental agent has said

19 Oct 2006
Letting terms of just days considered as "seismic changes" shake Scots rentals
Mortgage lending at seasonal record says CML

Mortgage lending hit £29.5 billion during September, new Council of Mortgage Lender (CML) figures have shown, a historical high despite declining from August

19 Oct 2006
Mortgage lending at seasonal record says CML
Young to power coming buy-to-let explosion says report

The number of buy-to-let tenants in the UK is set to expand by between 20,000 and 30,000 every year for the next ten years, a new report has claimed

18 Oct 2006
Young to power coming buy-to-let explosion says report
HMO apocalypse off mark says analyst

The more doom-laden predictions of the effects of Houses in Multiple Occupation (HMO) legislation have not come to pass, Moneyfacts has claimed

18 Oct 2006
HMO apocalypse off mark says analyst
Buy-to-let investors move fast says survey

Buy-to-let investors tend to move fast when they have a good feeling about a property, says new research – and in some cases alarmingly so

17 Oct 2006
Buy-to-let investors move fast says survey
Average new home prices fall 1.1 per cent

Average new home prices fell to £255,787 in September, down 1.1 per cent over the course of the month and 0.1 per cent over the last year

17 Oct 2006
Average new home prices fall 1.1 per cent
Average asking prices up 11% over year says survey

The average asking price on property in the UK has risen 11.5 per cent over the past year to a record £218,954, new figures from Rightmove have suggested

16 Oct 2006
Average asking prices up 11% over year says survey
Population growth to drive buy-to-let over coming decades

The buy-to-let market is likely to see sustained growth over the next quarter of a century as official figures show population increase of more than six million up to 2030

16 Oct 2006
Population growth to drive buy-to-let over coming decades
Economy boosts housing market

The strength of the British economy is fuelling further house price rises across the country, according to a new report.

13 Oct 2006
Economy boosts housing market
UK house prices 'continue to soar'

House prices across the UK rose significantly during the third quarter of the year, indicating a continued strengthening of the market.

13 Oct 2006
UK house prices 'continue to soar'
Landlords warned to protect against flooding

Landlords and homeowners across the UK are being advised to prepare themselves for storms over the next few weeks.

12 Oct 2006
Landlords warned to protect against flooding
Half of non-homeowners priced out of property market

Almost half of all non-homeowners in Britain (49 per cent) cannot afford to buy a property.

12 Oct 2006
Half of non-homeowners priced out of property market
New mortgage targets graduate buyers

A new mortgage product has been launched to help graduate first-time buyers and young professionals.

11 Oct 2006
New mortgage targets graduate buyers
More first-time buyers pay stamp duty

More than half of all first-time buyers in the UK now pay stamp duty.

11 Oct 2006
More first-time buyers pay stamp duty
House prices 'slow in September'

An unusually high level of property market inflation in August this year has been followed by a dip in September, a new report claims.

10 Oct 2006
House prices 'slow in September'
New property regulations 'to improve energy conservation'

The introduction of Energy Performance Certificates (EPC) is expected to boost energy conservation within the residential property sector, a report claims.

10 Oct 2006
New property regulations 'to improve energy conservation'
Experts issue advice for buy-to-let landlords

UK professional landlords are being advised to watch out for warning signs with tenants to ensure that they are not left struggling.

09 Oct 2006
Experts issue advice for buy-to-let landlords
UK landlords mark buy-to-let tenth anniversary

Landlords and lenders in Britain are celebrating the tenth anniversary of buy-to-let.

06 Oct 2006
UK landlords mark buy-to-let tenth anniversary
Majority of graduates 'unable to buy first home'

Over half of UK graduates are uanable to afford to buy their first home.

06 Oct 2006
Majority of graduates 'unable to buy first home'
Bank of England holds interest rates steady

The base rate of interest in the UK will remain at 4.75 per cent for another month.

05 Oct 2006
Bank of England holds interest rates steady
Further house price rises last month

UK house prices rose by one per cent last month, new figures reveal.

05 Oct 2006
Further house price rises last month
Housing market experts welcome new Homebuy scheme

Leading property market specialists have welcomed the launch of the government's new Open Market Homebuy scheme.

04 Oct 2006
Housing market experts welcome new Homebuy scheme
Mortgage payments 'placing added pressure on incomes'

Mortgages are taking a much larger chunk of homeowners' incomes than they did ten years ago, a new report claims.

04 Oct 2006
Mortgage payments 'placing added pressure on incomes'
Housing scheme for key workers

A new initiative aimed at helping thousands of key workers in Britain get a foot on the property ladder has been launched.

03 Oct 2006
Housing scheme for key workers
New buy-to-let mortgages from Britannia

Britannia Commercial Lending has unveiled a new buy-to-let mortgage range for investors looking to expand their property portfolio.

03 Oct 2006
New buy-to-let mortgages from Britannia
One in three homeowners 'increase mortgage term'

A third of homeowners in Britain opt to increase the term of their mortgage when they change their plan, a new poll reveals.

02 Oct 2006
One in three homeowners 'increase mortgage term'
British parents add value to children's homes

Parents in the UK have provided billions of pounds worth of free DIY to their children over the past five years.

02 Oct 2006
British parents add value to children's homes




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