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UK Property News 01 2010

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UK house prices 'unlikely to rise dramatically'

House prices in the UK are unlikely to rise dramatically in the immediate future, according to one expert.

29 Jan 2010
UK house prices 'unlikely to rise dramatically'
Property market 'not completely recovered from recession'

The UK property market has not yet made a full recovery from the damage that was caused by the worldwide economic downturn, one expert has suggested.

29 Jan 2010
Property market 'not completely recovered from recession'
Many first-time buyers 'still unable to get on property ladder'

Despite the increased availability of 85 per cent loan-to-value (LTV) mortgages, many first-time buyers are still unable to get a foot on to the property ladder, it has been suggested.

28 Jan 2010
Many first-time buyers 'still unable to get on property ladder'
Property repossession 'a last resort'

Homeowners who are in arrears with their mortgage payments will have their properties repossessed as a "last resort", according to one expert.

28 Jan 2010
Property repossession 'a last resort'
First-time buyers 'forced to rent'

The lack of mortgage finance that is available to first-time buyers is forcing the group into the rental market, it has been revealed.

27 Jan 2010
First-time buyers 'forced to rent'
House building industry 'more optimistic'

Things appear to be looking up for the house building industry as one construction expert has stated that the situation "seems a lot more optimistic".

27 Jan 2010
House building industry 'more optimistic'
Quality affordable housing 'needs to be integral to government strategy'

The provision of high quality and low-cost housing needs to be integral to the government's strategy to tackle child poverty, one expert has advised.

26 Jan 2010
Quality affordable housing 'needs to be integral to government strategy'
Upcoming election causing 'increased optimism in housing market'

This year's upcoming general election is contributing to greater confidence in the housing market, one expert has stated.

26 Jan 2010
Upcoming election causing 'increased optimism in housing market'
Property 'still one of the best options for investors'

Potential landlords would be wise to make an investment in property as it is "still one of the best options", according to an expert.

25 Jan 2010
Property 'still one of the best options for investors'
Mortgage lending figures for December 'surprisingly strong'

Mortgage lending figures for December have shown "surprising strength", one expert has stated.

25 Jan 2010
Mortgage lending figures for December 'surprisingly strong'
Central London property 'performing well as long-term investment'

Investing in central London property could prove to be a wise choice for those hoping to see their assets perform well in the long-term, one expert states.

25 Jan 2010
Central London property 'performing well as long-term investment'
Repossessions 'set to rise as mortgages become unaffordable'

Repossession figures are set to rise as mortgages become increasingly unaffordable, one housing expert has stated.

22 Jan 2010
Repossessions 'set to rise as mortgages become unaffordable'
Low interest rates on variable rate mortgage 'prove popular'

Homebuyers are increasingly opting for variable rate mortgages thanks to the historically low level of Bank of England interest rates, it has been reported.

21 Jan 2010
Low interest rates on variable rate mortgage 'prove popular'
First-time buyers 'need house prices to level out'

First-time buyers in the UK need house prices to level out in the long term so that properties can become more affordable, according to one expert.

21 Jan 2010
First-time buyers 'need house prices to level out'
Landlords 'unable to expand property portfolios'

UK landlords are finding it increasingly difficult to expand their property portfolios due to a lack of mortgage finance availability, it has been suggested.

20 Jan 2010
Landlords 'unable to expand property portfolios'
UK house prices 'risen by 2.7% a year'

The value of properties in the UK has risen by some 2.7 per cent each year for the last 50 years, according to new statistics.

20 Jan 2010
UK house prices 'risen by 2.7% a year'
House price rise 'due to seasonality'

Recent statistics, which revealed that property asking prices increased by 1.2 per cent in the first week of January, are down to "seasonality", according to one housing expert.

19 Jan 2010
House price rise 'due to seasonality'
Government action needed 'to improve housing market'

Government action needs to be taken on a number of issues before the housing market can fully recover from the effects of the recession, states one expert.

19 Jan 2010
Government action needed 'to improve housing market'
Mortgages 'now more affordable'

Mortgages are now more affordable than they have been in previous years because loan-to-value rates are not as high, it has been suggested.

18 Jan 2010
Mortgages 'now more affordable'
Remortgage figures 'continuing to fall'

The number of people who are remortgaging their homes continued to fall towards the end of 2009.

18 Jan 2010
Remortgage figures 'continuing to fall'
Landlords 'harassed by regulations'

British landlords are becoming increasingly concerned about the level of regulation relating to buy-to-let properties, a recent survey has revealed.

15 Jan 2010
Landlords 'harassed by regulations'
90% LTV mortgages 'needed for house price growth'

It has been suggested that 90 per cent loan-to-value (LTV) mortgages need to become more readily available to free the home loan market and in turn, ensure sustainable house price growth.

15 Jan 2010
90% LTV mortgages 'needed for house price growth'
Fixed-rate mortgages 'a personal decision'

The choice of whether to opt for a fixed-rate mortgage needs to be a personal decision, according to one finance expert.

14 Jan 2010
Fixed-rate mortgages 'a personal decision'
Paying mortgage on credit card 'could lead people to lose their home'

Homeowners who make their mortgage payments on a credit card have been advised against doing so by one expert as he states that it could lead to them losing their home.

14 Jan 2010
Paying mortgage on credit card 'could lead people to lose their home'
First-time buyers missed out on cheap homes 'due to lack of mortgages'

Many first-time buyers in the UK were unable to take advantage of cheap house prices and the stamp duty holiday because they were unable to secure a mortgage, one property expert states.

13 Jan 2010
First-time buyers missed out on cheap homes 'due to lack of mortgages'
Mortgage lending 'main constraint of housing market'

The current lack of mortgage lending is the main constraint on the housing market at present, according to one construction expert.

13 Jan 2010
Mortgage lending 'main constraint of housing market'
Bank of England interest rates 'will not rise until late 2011'

Bank of England interest rates will not rise until the latter part of 2011, in the opinion of one finance expert.

12 Jan 2010
Bank of England interest rates 'will not rise until late 2011'
Uniform valuing system 'necessary to sell mortgages fairly'

It is necessary to have a uniform valuing system in place for banks which have bad debt on their books in order for mortgages to be sold on a fair basis, one expert states.

12 Jan 2010
Uniform valuing system 'necessary to sell mortgages fairly'
Retrofitting UK properties needs to become 'the rule'

Retrofitting properties in the UK in order to make them more energy efficient needs to become "the rule and not the exception", one environmental expert states.

11 Jan 2010
Retrofitting UK properties needs to become 'the rule'
'Shop around' to get cheapest mortgage deal

Homeowners who are looking to save money in the new year should "shop around" in order to ensure that they have the cheapest mortgage deal, one expert states.

11 Jan 2010
'Shop around' to get cheapest mortgage deal
House prices 'need to come down for market to move forward'

UK house prices need to come down before there will be a full recovery of the property market, one expert states.

08 Jan 2010
House prices 'need to come down for market to move forward'
Property prices in London will 'continue to rise'

Property prices in London will continue to rise, one expert has stated.

08 Jan 2010
Property prices in London will 'continue to rise'
Homeowners 'looking to reduce debt'

UK homeowners are looking to reduce debt by pumping money into their mortgages, according to new figures from the Bank of England.

07 Jan 2010
Homeowners 'looking to reduce debt'
Difficulty in securing a mortgage having 'negative impact' on construction

Getting a mortgage approval is still "very difficult" for many people in the UK, in the opinion of one construction expert.

07 Jan 2010
Difficulty in securing a mortgage having 'negative impact' on construction
Pre credit crunch optimism in housing market restored

The optimism that was seen among home buyers prior to the credit crunch has been restored, one property website states.

06 Jan 2010
Pre credit crunch optimism in housing market restored
Election to yield 'difficult market for prime property'

This year's upcoming election is set to make the prime property market "more difficult", according to estate agents Prickett and Ellis.

06 Jan 2010
Election to yield 'difficult market for prime property'
Deposits 'still holding back' first-time buyers

The requirement for a significant deposit is still holding back first-time buyers from stepping on to the first rung of the property ladder, one expert believes.

05 Jan 2010
Deposits 'still holding back' first-time buyers
Mortgage rates 'unlikely to rise' in 2010

It is unlikely that mortgage rates will rise in the coming year, one expert has stated.

05 Jan 2010
Mortgage rates 'unlikely to rise' in 2010
Housing 'more affordable' for first-time buyers

Homes have become more affordable for first-time buyers, one expert has stated.

04 Jan 2010
Housing 'more affordable' for first-time buyers
Rise in house prices 'to increase activity in housing market'

House prices will continue to rise in 2010, which will lead to increased activity in the housing market, one expert states.

04 Jan 2010
Rise in house prices 'to increase activity in housing market'
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