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UK Property News 02 2007

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Buy-to-let continues to grow

The buy-to-let sector continued to grow during the final quarter of 2006, a National Association of Estate Agents (NAEA) survey has shown

28 Feb 2007
Buy-to-let continues to grow
House price growth back in double figures

House prices in the UK have experienced their 12th month of growth in February, the Nationwide property index has shown

28 Feb 2007
House price growth back in double figures
Population movement linked to property price

The number of people choosing to move into an area and the cost of property are intimately linked, a survey for Propertyfinder has found

27 Feb 2007
Population movement linked to property price
Plus-size mortgage take-up increases 50%

The number of mortgages worth more than the price of the property they are secured against being taken out by first-time buyers has risen 50 per cent, new research has shown

27 Feb 2007
Plus-size mortgage take-up increases 50%
Clock ticking on deposit protection

Landlords have until April 6th to ensure that they are registered with a tenancy protection scheme or face paying big penalties to their tenants, an industry association has warned

26 Feb 2007
Clock ticking on deposit protection
Property price growth at three year high

House price growth rose to a three-year high during February Hometrack has said, as supply shortages compensated for increased borrowing costs

26 Feb 2007
Property price growth at three year high
Supply shortages sustain price rises

Supply shortages have boosted house prices for the 15th consecutive month despite slowing demand, the Royal Institution of Chartered Surveyors (Rics) has said

23 Feb 2007
Supply shortages sustain price rises
Agents reveal top tips for finding growth potential

Seeing plenty of skips and scaffolding on the streets is a sure sign that an area is on the up, estate agents have said

23 Feb 2007
Agents reveal top tips for finding growth potential
CML calls for delay to Hips launch

The launch of home information packs (Hips) should be delayed until more research into their impact and more thorough trials have been carried out, mortgage lenders have said

22 Feb 2007
CML calls for delay to Hips launch
A fifth of property sales purely investment

A fifth of home sales during 2007 will be made primarily as a long-term investment, buy-to-let mortgage specialist Birmingham Midshires has forecast

22 Feb 2007
A fifth of property sales purely investment
Mortgage lending at record high

Overall mortgage lending rose to a seasonal record during January, the Council of Mortgage Lenders (CML) has said

21 Feb 2007
Mortgage lending at record high
DIY as serious as other investments says Biba

Homeowners should treat DIY work as seriously as they do other forms of investment in their property, insurance companies have said

21 Feb 2007
DIY as serious as other investments says Biba
Overseas Brics and mortar demand drives UK property

Property price growth in the UK, already supported by supply and demand pressure, will be boosted by overseas investors in the next few years, says agent Knight Frank

20 Feb 2007
Overseas Brics and mortar demand drives UK property
New buyers look ahead to 52 years of mortgage payments

First-time buyers are increasingly opting to extend the term of their mortgages beyond the traditional 25 years in order to cut monthly payments, a study has claimed

20 Feb 2007
New buyers look ahead to 52 years of mortgage payments
Treasury launches new crackdown on landlords

The Treasury has launched a new campaign to crackdown on buy-to-let investors who are not registering rent as earnings

19 Feb 2007
Treasury launches new crackdown on landlords
House price growth slows

Annual house price growth fell to its lowest point for 18 months during February Rightmove has claimed, down two percentage points to 11.5 per cent

19 Feb 2007
House price growth slows
NI rental investors at risk warns report

New and inexperienced buy-to-let investors buying into Northern Ireland's current boom could be placing themselves at risk, a University of Ulster report has found

16 Feb 2007
NI rental investors at risk warns report
New-build prices drop

New-build home prices fell 0.3 per cent in January as buyer confidence declined in the face of interest rate rises, research for SmartNewHomes has shown

16 Feb 2007
New-build prices drop
Interest rate direction remains "uncertain" warns Bank of England

"Considerable uncertainty" remains over the direction of interest rates in the short to medium term, the Bank of England has warned

15 Feb 2007
Interest rate direction remains "uncertain" warns Bank of England
Nine per cent of mortgages now buy-to-let

Nine per cent of all mortgages outstanding in the UK are buy-to-let products, a report from the Council of Mortgage Lenders (CML) has revealed

15 Feb 2007
Nine per cent of mortgages now buy-to-let
Mortgage lending hits seasonal record

Overall mortgage lending rose to a seasonal record during December despite falling 14 per cent from the all-time high of £33.2 billion seen in November, new figures show

14 Feb 2007
Mortgage lending hits seasonal record
Buy-to-let investment continues to climb

The number of landlords intending to expand their portfolios continues to rise despite falling higher borrowing costs, research for the Homebuyer Show has found

14 Feb 2007
Buy-to-let investment continues to climb
Average prices break £200k barrier

The average house price in the UK has climbed above £200,000 for the first time, government statistics have revealed

13 Feb 2007
Average prices break £200k barrier
Social tenants given chance to buy stake in home

Social housing tenants will be given assistance to buy their homes even if they can only afford ten per cent of the asking price, the government has said

13 Feb 2007
Social tenants given chance to buy stake in home
Buyers pitching above market value

Frenetic competition in the housing market is encouraging buyers to make offers considerably above asking prices, agent Hamptons International has said

12 Feb 2007
Buyers pitching above market value
Homeowners over reliant on bricks and mortar says study

Two thirds of all homeowners have all their savings tied up in bricks and mortar, with no plans to diversify their assets, research from Durham University has found

12 Feb 2007
Homeowners over reliant on bricks and mortar says study
First-time buyers stay away after rate rise

The number of first-time buyer mortgage applications has fallen over the course of January after hitting an eight-month peak at the end of 2006, Mortgage Direct has said

09 Feb 2007
First-time buyers stay away after rate rise
Rates on hold for February

The Bank of England has left interest rates on hold for February as it attempts to gauge the impact of January's shock quarter-point increase to 5.25 per cent

09 Feb 2007
Rates on hold for February
House prices up 1.3% says Halifax

House prices rose 1.3 per cent over January following a slight negative blip at the end of 2006, the Halifax house price index has shown

08 Feb 2007
House prices up 1.3% says Halifax
Country at risk of becoming "playground for rich" says Rics

The British countryside is at risk of becoming "a playground of the rich" within a generation, the Royal Institution of Chartered Surveyors (Rics) has warned

08 Feb 2007
Country at risk of becoming "playground for rich" says Rics
HMRC warns landlords of tax liabilities

Many recent entrants to the buy-to-let market and homeowners who let a room in their house are unaware of their tax obligations, the government has warned

07 Feb 2007
HMRC warns landlords of tax liabilities
NI prices rising a third a year says survey

Northern Irish house prices are growing at a rate of almost a third every year, a survey for the University of Ulster has said

07 Feb 2007
NI prices rising a third a year says survey
Most would-be buyers prepared to give up holiday

More than half of all would-be first-time buyers say that they would be prepared to ditch their annual holiday if it meant that they were able to get on the property ladder sooner

06 Feb 2007
Most would-be buyers prepared to give up holiday
Landlords covering more costs with deposits

More than two-thirds of landlords applying for buy-to-let mortgages at the end of 2006 applied for deals of less than 75 per cent loan-to-value, new figures have shown

06 Feb 2007
Landlords covering more costs with deposits
Co-habiting partners legal precedent to be decided

The legal status of hundreds of thousands of unmarried co-habiting homeowners could be decided by a case which reaches the House of Lords today

05 Feb 2007
Co-habiting partners legal precedent to be decided
Family homes better buy-to-let investment says guru

Family homes now offer better buy-to-let potential for capital gains and rental yields than flats, rental guru David Lawrenson has said

05 Feb 2007
Family homes better buy-to-let investment says guru
Hips rollout extended

An additional 12 areas are to join the six regions currently taking part in a dry run of Home Information Packs (Hips) the association backing the project has revealed.

02 Feb 2007
Hips rollout extended
Eastenders receive Olympic bounce

Areas of east London immediately around the 2012 Olympic site have seen property prices increase more than 15 per cent since the city won the bid, Halifax has found

02 Feb 2007
Eastenders receive Olympic bounce
Home repo rates up over 2006 says CML

The number of homes repossessed during 2006 rose 65 per cent compared to the year before, figures from the Council of Mortgage Lenders (CML) have shown

01 Feb 2007
Home repo rates up over 2006 says CML
Private rented stock quality continues to improve

Increased competition in the private rented sector has continued to drive up the quality of housing stock, the English House Condition Survey has found

01 Feb 2007
Private rented stock quality continues to improve




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