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UK Property News 11 2009

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Estate agents use 'unfair practices'

Many UK estate agents are boosting profits by pressuring buyers into using additional services that will earn agency staff greater commission.

30 Nov 2009
Estate agents use 'unfair practices'
Recession to affect property market for "a long time"

The recession will affect the property market for "a long time", according to one industry expert.

30 Nov 2009
Recession to affect property market for "a long time"
Mortgage borrowers 'to be protected'

Property owners are to have their mortgage protection strengthened, under new government proposals.

27 Nov 2009
Mortgage borrowers 'to be protected'
Property ladder to be "an impossible leap" for first-time buyers

Getting onto the property ladder will become an "impossible leap" for many first-time buyers once the stamp duty holiday comes to an end.

27 Nov 2009
Property ladder to be "an impossible leap" for first-time buyers
Central London property 'a valuable asset class'

Prime central London property is a wise investment decision and a valuable asset class, according to London Central Portfolio.

26 Nov 2009
Central London property 'a valuable asset class'
Government to regulate buy-to-let mortgages

The government has proposed more stringent regulations on home loans for buy-to-let and second charge mortgages.

26 Nov 2009
Government to regulate buy-to-let mortgages
A 'shortage of affordable housing in the countryside'

Some 62 per cent of those who live in the countryside believe there is a shortage of affordable housing in rural England, new research reveals.

25 Nov 2009
A 'shortage of affordable housing in the countryside'
Winter a 'good time for first-time buyers'

Buying a property in the winter could be beneficial for first-time buyers.

25 Nov 2009
Winter a 'good time for first-time buyers'
New-build home construction is 'on the up'

New home registrations are at their highest level in over a year, statistics reveal.

24 Nov 2009
New-build home construction is 'on the up'
Good schools 'add almost £20,000 to property value'

Home buyers can pay up to £19,500 more if the property they wish to buy is located in the catchment area of a good school, according to recent figures.

24 Nov 2009
Good schools 'add almost £20,000 to property value'
Mortgage rates at lowest level since June

Mortgage rates have fallen below five per cent for the first time since June, according to new figures.

23 Nov 2009
Mortgage rates at lowest level since June
One-third of home buyers considering online estate agents

More than a third of buyers and sellers are considering using an online estate agent, putting their property on sale at an auction or privately vending, according to new research.

23 Nov 2009
One-third of home buyers considering online estate agents
House prices 'may rise 5% next year'

Residential property prices are expected to increase by as much as five per cent in 2010, according to a commercial director.

20 Nov 2009
House prices 'may rise 5% next year'
Property investors 'should carefully consider buy-to-let options'

Property investors considering a buy-to-let mortgage should proceed cautiously, as the market is unregulated, according to an Assetz investment consultant.

20 Nov 2009
Property investors 'should carefully consider buy-to-let options'
Barratt offers buying and selling tips

People considering purchasing a home or part-exchanging to a new property may be interested in a number of buying and selling tips from development firm Barratt.

19 Nov 2009
Barratt offers buying and selling tips
"House purchase activity has picked up significantly"

There has been a significant increase in house purchase activity since the beginning of the year, according to an economist for the Council of Mortgage Lenders (CML).

19 Nov 2009
"House purchase activity has picked up significantly"
End of stamp duty holiday 'may not have detrimental effect'

Despite any positive effects the stamp duty holiday may have offered to first-time buyers, it should not have a "distorting effect" on the property industry when it ends.

18 Nov 2009
End of stamp duty holiday 'may not have detrimental effect'
Halifax issues advice to property owners

Property owners in the UK have been issued some advice on how to protect their homes during periods of high winds and heavy rain.

18 Nov 2009
Halifax issues advice to property owners
Property sales for £1m or more 'on the rise'

The number of properties in England and Wales that sold for £1 million or more has grown 15-fold in the last 15 years, new research has revealed.

17 Nov 2009
Property sales for £1m or more 'on the rise'
Rise in available buy-to-let deals reported

The number of buy-to-let deals available in the UK has increased from 179 in September 2009 to 239 today, according to personal finance website Moneyfacts.co.uk.

17 Nov 2009
Rise in available buy-to-let deals reported
Lenders 'still scared' to provide FTB cash

Financial service providers are still scared to lend money to first-time buyers (FTB), it has been suggested.

16 Nov 2009
Lenders 'still scared' to provide FTB cash
Property groups sign up to stamp duty campaign

Property groups in the UK have given their support to the National Association of Estate Agents (NAEA) and Association of Residential Letting Agents' (Arla) scheme to encourage the government to modernise the stamp duty landscape.

16 Nov 2009
Property groups sign up to stamp duty campaign
Growth in buy-to-let lending noted

Buy-to-let lending increased in the third quarter of 2009 - it was ten per cent higher than in the previous three-month period.

13 Nov 2009
Growth in buy-to-let lending noted
CML: Thousands benefit from stamp duty holiday

An estimated 132,500 house purchase mortgage transactions have avoided stamp duty as a result of the tax threshold being raised last year, according to the Council of Mortgage Lenders (CML).

12 Nov 2009
CML: Thousands benefit from stamp duty holiday
Seven-year itch 'exists in property market too'

People who own a property first consider moving after seven years on average, it has been suggested.

12 Nov 2009
Seven-year itch 'exists in property market too'
CLG: House prices up 3.1%

Property prices in the UK rose 3.1 per cent in the quarter ending September 2009, according to research from the Communities and Local Government (CLG) department.

11 Nov 2009
CLG: House prices up 3.1%
Income tax threshold for landlords 'should rise'

The income tax threshold for landlords who rent out rooms in their houses to tenants should be raised, according to the National Landlords Association (NLA).

11 Nov 2009
Income tax threshold for landlords 'should rise'
Improving appearance of property 'can add value'

Consumers can add around three to five per cent to the value of a property in a stable market just by improving its appearance, it has been suggested.

10 Nov 2009
Improving appearance of property 'can add value'
Landlords to receive legal advice

What to do when things go wrong will be the theme of a special session at the forthcoming National Landlords Association (NLA) National Conference.

10 Nov 2009
Landlords to receive legal advice
Govt 'should extend stamp duty holiday'

Extending the stamp duty holiday past its December 31st cut-off point could prevent "an unwelcome pause in the housing market", according to National Association of Estate Agents president Gary Smith.

09 Nov 2009
Govt 'should extend stamp duty holiday'
ID fraud warning for those who rent

Consumers who pay rent for property are the most at-risk group in the UK when it comes to identity fraud, new research shows.

09 Nov 2009
ID fraud warning for those who rent
'Demand for property exceeds supply'

Demand for property in the UK is exceeding supply, according to the latest National Association of Estate Agents (NAEA) monthly survey of the housing market.

06 Nov 2009
'Demand for property exceeds supply'
End of stamp duty holiday 'prompts FTB resurgence'

The forthcoming end to the stamp duty holiday has prompted an increase in property demand among first time buyers (FTBs).

06 Nov 2009
End of stamp duty holiday 'prompts FTB resurgence'
Lenders 'more confident about property market'

UK lenders are more confident about the nation's property market than they were earlier in the year, it has been suggested.

05 Nov 2009
Lenders 'more confident about property market'
No change expected in Bank of England interest rates

The Bank of England interest rates are unlikely to change again until the economy is heading in the right direction again, according to chief executive officer of the Young Group Neil Young.

05 Nov 2009
No change expected in Bank of England interest rates
Halifax says average property costs £165,528

The average property in the UK was worth £165,528 in October, according to the latest Halifax House Price Index.

04 Nov 2009
Halifax says average property costs £165,528
Advice issued to MPs who rent

With many MPs potentially set to become tenants in rented property in the coming months following changes to their second home allowance, the National Landlords Association (NLA) has issued some tips and advice regarding the private rented sector.

04 Nov 2009
Advice issued to MPs who rent
Rent level growth for landlords predicted

The recent reduction in rental market stock could lead to "quite strong rental growth" in the long term, according to one property industry expert.

03 Nov 2009
Rent level growth for landlords predicted
Property prices 'to keep rising'

House prices will rise by a minimum of a five per cent next year, according to estate agent haart.

03 Nov 2009
Property prices 'to keep rising'
Property prices up 0.4%, says Nationwide

Average property prices in the UK grew 0.4 per cent in October, according to Nationwide Building Society.

02 Nov 2009
Property prices up 0.4%, says Nationwide
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