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UK Property News 08 2009

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Variable rate mortgages 'see rise in popularity'

Homeowners are moving away from taking out fixed-rate mortgages and are moving over to variable rate, an independent mortgage adviser has said.

28 Aug 2009
Variable rate mortgages 'see rise in popularity'
Property investment 'should not solely be relied on for retirement'

Homeowners who are thinking of property investment as a way to fund retirement should make sure they consider using a variety of assets, one company has said.

28 Aug 2009
Property investment 'should not solely be relied on for retirement'
House sellers become more confident with asking prices

Confidence among house buyers is on the increase in the property market, but this has caused a shift in attitude among sellers, it has been revealed.

27 Aug 2009
House sellers become more confident with asking prices
Construction of affordable properties 'continues to rise'

The construction of affordable homes in the UK is continuing to increase, one industry spokesperson has stated.

27 Aug 2009
Construction of affordable properties 'continues to rise'
Property market 'still faces many constraints'

Despite the fall in house prices during the recession, first-time buyers are still being constrained by other factors, the Council of Mortgage Lenders (CML) has said.

26 Aug 2009
Property market 'still faces many constraints'
Positive news about the property market 'will encourage reluctant buyers'

As more positive news emerges about the property market, there could be an increase in the number of people going ahead with their plans to buy a house and taking the plunge, it has been suggested.

26 Aug 2009
Positive news about the property market 'will encourage reluctant buyers'
Students urged to 'look after rented property'

With the start of a new university year approaching, students who will be renting property have been given some advice to ensure the process runs smoothly.

25 Aug 2009
Students urged to 'look after rented property'
It "remains to be seen" if unemployment will affect house prices

Continuing challenges in the property market are causing speculation as to whether unemployment will have an effect on house prices.

25 Aug 2009
It "remains to be seen" if unemployment will affect house prices
Brits 'believe property market will see upturn in 2010'

Britons are confident about the state of the UK economy and believe that the housing market will be back on track by the end of 2009.

24 Aug 2009
Brits 'believe property market will see upturn in 2010'
Some estate agents 'charge 50% more for Hips'

Those looking to sell their house should shop around when it comes to purchasing a Home Information Pack (Hip), one industry spokesperson explained.

24 Aug 2009
Some estate agents 'charge 50% more for Hips'
Property completions in England 'up in Q2'

The number of housing completions in England during the second quarter of 2009 was up 24 per cent on the previous three-month period, new research has revealed.

21 Aug 2009
Property completions in England 'up in Q2'
'Property market confidence returns'

People in the UK are showing more confidence in the property market, according to the National Association of Estate Agents (NAEA).

21 Aug 2009
'Property market confidence returns'
The dream of buying property

People's attachment to property in the UK is still strong despite the current economic crisis raising awareness of the risks involved in buying a home.

20 Aug 2009
The dream of buying property
Students 'paying more for rent'

The average money UK students require for rent and accommodation has increased over the last year, according to new research.

20 Aug 2009
Students 'paying more for rent'
NHIC: Now's a good time for property improvement

Now is an ideal time to carry out property development work such as fitting an extension, according to an industry expert.

19 Aug 2009
NHIC: Now's a good time for property improvement
House prices 'over five times higher than incomes'

Property prices in the UK are still more than five times higher than consumers' average incomes, it has been suggested.

19 Aug 2009
House prices 'over five times higher than incomes'
Base rate rises 'will affect fixed-rate mortgage take-up'

An "awful lot of people" will be looking for fixed-rate mortgages when Bank of England interest rates start rising, it has been suggested.

18 Aug 2009
Base rate rises 'will affect fixed-rate mortgage take-up'
Government measures 'could limit affordable homes'

New plans by the British government could see 4,000 fewer new affordable properties appear on the market each year, according to the National Housing Federation (NHF).

18 Aug 2009
Government measures 'could limit affordable homes'
Bank of England interest rates 'helping landlords'

The low Bank of England interest rates have helped landlords in the UK, according to the National Landlords Association.

17 Aug 2009
Bank of England interest rates 'helping landlords'
Buy-to-let figures encourage Arla

The Association of Residential Letting Agents (Arla) has welcomed the latest buy-to-let figures from the Council of Mortgage Lenders (CML).

17 Aug 2009
Buy-to-let figures encourage Arla
Lending for property buying on the up

The Council of Mortgage Lenders (CML) has revealed that lending for property buying and remortgaging both grew in June.

14 Aug 2009
Lending for property buying on the up
Govt 'is determined' to provide more rural property

MP for housing Ian Austin has pledged to help first-time buyers get on the property ladder in rural parts of the UK.

14 Aug 2009
Govt 'is determined' to provide more rural property
Concern shown for landlords and tenants

Both landlords and tenants could "fall foul of rogue operators" if the government does not clamp down on unprofessional letting agents and property owners, it has been suggested.

13 Aug 2009
Concern shown for landlords and tenants
Decisions to be made when buying property

When buying a house, consumers need to weigh up what they need with what they can afford.

13 Aug 2009
Decisions to be made when buying property
Problems encountered selling property

Some 65 per cent of respondents to a National Association of Estate Agents (NAEA) study said that their property selling process fell through as a result of down valuations.

12 Aug 2009
Problems encountered selling property
CLG offers update on house prices

The average house prices paid by first-time buyers in June 2009 were 11.7 per cent lower than one year before, new research has suggested.

12 Aug 2009
CLG offers update on house prices
FTBs 'most in need of advice on mortgages'

First-time buyers (FTBs) sought advice on issues to do with mortgages more than any other type of home loan customer in June, it has been revealed.

11 Aug 2009
FTBs 'most in need of advice on mortgages'
Property prices 'to increase in 2010'

UK property prices are set to rise over the coming year as the market starts to recover, according to new figures.

11 Aug 2009
Property prices 'to increase in 2010'
National Landlords Association opposes charter

The National Landlords Association (NLA) is one of a number of organisations that has voiced its opposition to a new government charter to clamp down on houses in multiple occupation (HMO).

10 Aug 2009
National Landlords Association opposes charter
EST says no to sales of energy inefficient property

Selling energy inefficient property should not be permitted, according to the Energy Saving Trust (EST).

10 Aug 2009
EST says no to sales of energy inefficient property
Landlords group to support new govt plans

National Landlords Association media relations manager Steve Hilton expects his organisation to be "fully supportive" of new government plans to protect tenants.

07 Aug 2009
Landlords group to support new govt plans
Bank of England interest rates stay at 0.5%

Property owners discovered yesterday that the cost of borrowing will remain at 0.5 per cent for the next month.

07 Aug 2009
Bank of England interest rates stay at 0.5%
Positive signs for people selling property

Those selling property have been advised that house prices are moving "in the right direction".

06 Aug 2009
Positive signs for people selling property
Halifax: House prices jump 1.1%

Average property prices in July were 1.1 per cent higher than in the previous month, new figures show.

06 Aug 2009
Halifax: House prices jump 1.1%
Long-term buy-to-let prospects 'very good'

Those looking to buy property as a form of investment have been told that long-term prospects for this sector of the housing industry are "very good".

05 Aug 2009
Long-term buy-to-let prospects 'very good'
Many buy-to-let landlords 'lacked market knowledge'

There were a high number of landlords who made property investments during the boom times who did not have much knowledge of the market, it has been suggested.

05 Aug 2009
Many buy-to-let landlords 'lacked market knowledge'
Expert makes property industry predictions

It would be a more optimistic view to suggest that the property market will "really start to improve next year", according to the head of mortgages at independent financial adviser firm Bestinvest.

04 Aug 2009
Expert makes property industry predictions
Property prices 'to rise £38,000 by 2014'

House prices will be £38,000 higher in 2014, compared to the level predicted for the end of this year.

04 Aug 2009
Property prices 'to rise £38,000 by 2014'
Nationwide says house prices are up again

Property prices rose again last month, according to Nationwide Building Society's latest survey.

03 Aug 2009
Nationwide says house prices are up again
'Stronger spending power' for those with mortgages

People in the UK with mortgages have seen their spending power increase by a tenth in the last 12 months, it has been reported.

03 Aug 2009
'Stronger spending power' for those with mortgages
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