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UK Property News 06 2007

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Rents rise again in May

Rents rose for the sixth month in a row in May, new figures from one mortgage lender have shown.

29 Jun 2007
Rents rise again in May
Land Registry reports 0.7% house price increase

The Land Registry has reported a 0.7 per cent increase in house prices for May, with the average home in England and Wales costing £180,594 according to the government agency.

29 Jun 2007
Land Registry reports 0.7% house price increase
Buy-to-let 'has seen 30-fold increase'

The buy-to-let market has grown by 30 times in the last ten years, according to new research.

28 Jun 2007
Buy-to-let 'has seen 30-fold increase'
House price rise 1.1% in June

House prices have risen by 1.1 per cent over the last month, the latest figures from Nationwide have revealed.

28 Jun 2007
House price rise 1.1% in June
BoE rates rise expected

The Bank of England (BoE) looks likely to raise interest rates next week, following comments made by the deputy governor.

27 Jun 2007
BoE rates rise expected
AHIPP confident on Hips launch

There will be enough accredited energy assessors by the end of July to allow for the planned roll-out of Home Information Packs (Hips) on August 1st, it has been claimed.

27 Jun 2007
AHIPP confident on Hips launch
Offset mortgage growth reported

There has been strong growth in the market for offset mortgages, the Council of Mortgages Lenders (CML) has reported.

26 Jun 2007
Offset mortgage growth reported
Buyers warned over older properties

Prospective homebuyers are being warned over the potential pitfalls associated with buying older properties at auction.

26 Jun 2007
Buyers warned over older properties
NLA rejects buy to let criticisms

The National Landlords Association (NLA) has refuted suggestions that the booming buy to let market has been to blame for a lack of first time buyers in the sector.

25 Jun 2007
NLA rejects buy to let criticisms
Brown committed to affordable housing

Gordon Brown has pledged to improve the availability of affordable housing for first time buyers when he becomes prime minister later this week.

25 Jun 2007
Brown committed to affordable housing
Housebuilding study launched

The Office of Fair Trading (OFT) has announced plans to look into the housebuilding market and examine whether buyers are satisfied with the sector.

22 Jun 2007
Housebuilding study launched
Housing boom on the wane?

It has been suggested that the current housing boom could be about to come to an end.

22 Jun 2007
Housing boom on the wane?
Young look to get on the property ladder

New research has suggested that young people are now more concerned about getting on the property ladder than getting a degree.

21 Jun 2007
Young look to get on the property ladder
Warning on borrowing costs

The Royal Institution of Chartered Surveyors (Rics) has warned borrowers over the amount of money they are taking from lenders.

21 Jun 2007
Warning on borrowing costs
Mortgage lending 'starts to ease'

New figures have suggested that the latest interest rate rise is beginning to have the desired impact on the property market.

20 Jun 2007
Mortgage lending 'starts to ease'
DIY sales 'save money'

Homeowners who carry out do-it-yourself (DIY) house sales could be saving themselves significant amounts of time and money, according to a new report.

20 Jun 2007
DIY sales 'save money'
Private homebuyers head to auction

As the cost of property in the UK continues to increase, many private homebuyers are turning to auctions in an effort to find themselves a bargain.

19 Jun 2007
Private homebuyers head to auction
CBI: Interest rate rise set for autumn

The Confederation of British Industry (CBI) has suggested that interest rates are likely to rise again this autumn.

19 Jun 2007
CBI: Interest rate rise set for autumn
Property prices continue to grow

New figures have suggested that the UK property market is continuing to grow, but at a lower rate as the interest rate rises of the past 12 months begin to bite.

18 Jun 2007
Property prices continue to grow
London climbs up cost table

London is one of the world's most expensive cities thanks to its property market, a new report has revealed.

18 Jun 2007
London climbs up cost table
Internet 'speeding up property sales'

Many homeowners are successfully speeding up the sale of their properties by turning to the internet and other alternative methods, according to new research.

15 Jun 2007
Internet 'speeding up property sales'
Hips loophole claimed

Home Information Packs (Hips) regulations allow for a loophole meaning that the packs do not need to be produced at the point of sale, the Royal Institution of Chartered Surveyors (Rics) has claimed.

15 Jun 2007
Hips loophole claimed
Rics reports slowing market

The Royal Institution of Chartered Surveyors (Rics) has reported that house prices increased in May, but by their slowest rate in a year.

14 Jun 2007
Rics reports slowing market
Moving costs adding up

Additional expenses associated with buying a new home cost the average Brit a total of £23,800 over their lifetime, a new study claims.

14 Jun 2007
Moving costs adding up
Interest rate hikes 'dangerous for whole market'

Concerns have been expressed over the long-term health of the property market, should interest rates increase further this year.

13 Jun 2007
Interest rate hikes 'dangerous for whole market'
Neighbours 'a factor' in buying decision

Homeowners looking to sell their properties could fail to attract buyers because of the state of neighbouring properties, new research suggests.

13 Jun 2007
Neighbours 'a factor' in buying decision
Ruth Kelly clarifies Hips roll-out

Communities minister Ruth Kelly has given more details on the planned roll-out of Home Information Packs (Hips) on August 1st.

12 Jun 2007
Ruth Kelly clarifies Hips roll-out
CLG: house price growth up in April

The average house price in the UK rose to £209,454 in April this year, the Communities and Local Government (CLG) department reports, compared with £206,890 in March.

12 Jun 2007
CLG: house price growth up in April
DIYers 'adding value'

Homeowners are increasingly turning to home improvements in order to increase the value of their properties, new research suggests.

11 Jun 2007
DIYers 'adding value'
FT house price index reveals steady market

House prices rose by 0.5 per cent in May, new data from the Financial Times (FT) house price index has shown.

11 Jun 2007
FT house price index reveals steady market
Government to tackle affordability

The government has set up a new unit charged with tackling the increasing affordability problems affecting the UK's housing market.

08 Jun 2007
Government to tackle affordability
High interest rates causes increase in remortgaging

The rising cost of mortgage repayments has resulted in an increase in remortgaging activity, it has been claimed.

08 Jun 2007
High interest rates causes increase in remortgaging
Base rate stays at 5.5%

The Bank of England has decided to keep interest rates at 5.5 per cent, providing some relief for mortgage-holders on variable rate deals.

07 Jun 2007
Base rate stays at 5.5%
Halifax: house price growth slows to 0.3%

House prices rose by 0.3 per cent in May, the latest figures from Halifax have revealed - the slowest monthly increase so far this year.

07 Jun 2007
Halifax: house price growth slows to 0.3%
Youngsters 'need better homebuying advice'

New research has suggested that the younger generation of homebuyers need to be better educated about the property market.

06 Jun 2007
Youngsters 'need better homebuying advice'
Further rate rise expected

New figures have suggested that most people are anticipating a rise in the Bank of England's interest rate in the next 12 months.

06 Jun 2007
Further rate rise expected
CML concern over parental support

The first-time buyer market could become "polarised" if buyers continue to rely on their parents for funding, it has been warned.

05 Jun 2007
CML concern over parental support
Prices jump in Northern Ireland

Northern Ireland has seen house prices rise by nearly 50 per cent in the last 12 months, the latest figures suggest.

05 Jun 2007
Prices jump in Northern Ireland
Landlords 'unaware' of Tenant Deposit scheme

Landlords and tenants alike could avoid disputes over unpaid rent or household damage through a new government-backed Tenant Deposit scheme.

04 Jun 2007
Landlords 'unaware' of Tenant Deposit scheme
Buyers market 'unlikely'

Property market observers are not expecting a 'buyers market' in the coming months, despite the recent drop in mortgage applications and house price growth.

04 Jun 2007
Buyers market 'unlikely'
"Strong fundamentals" driving buy-to-let

The buy-to-let market will remain in good health because of "strong fundamentals" driving the market, the Council of Mortgage Lenders (CML) has said.

01 Jun 2007
"Strong fundamentals" driving buy-to-let
Hips delay 'costing property sellers'

The government's decision to delay the roll-out of Home Information Packs (Hips) until August has cost property sellers thousands of pounds each, it has been claimed.

01 Jun 2007
Hips delay 'costing property sellers'




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