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UK Property News 02 2010

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End of stamp duty holiday caused UK property market to 'lose momentum'

The end of the stamp duty holiday, coupled with the nationwide big freeze that was experienced throughout January, has caused the UK property market to "lose momentum", one expert has advised.

26 Feb 2010
End of stamp duty holiday caused UK property market to 'lose momentum'
Mortgage restrictions for non-energy efficient homes ' just around the corner'

Homeowners living in non-energy efficient properties could find that they are soon subject to mortgage restrictions, the National Home Improvement Council (NHIC) has stated.

26 Feb 2010
Mortgage restrictions for non-energy efficient homes ' just around the corner'
First-time buyers 'forced to rent for longer'

First-time buyers in the UK are being forced into renting for a longer period than they would like, one expert has stated.

25 Feb 2010
First-time buyers 'forced to rent for longer'
Landlords should 'carefully read estate agents' contracts'

Buy-to-let landlords in the UK should ensure that they carefully read estate agents' contracts before signing anything, one expert has advised.

25 Feb 2010
Landlords should 'carefully read estate agents' contracts'
Property expert fears house price 'double dip'

Although it has been officially announced that the UK is out of the recession, one property expert still believes that the British housing market is set to see a "second credit crunch".

24 Feb 2010
Property expert fears house price 'double dip'
Capital gains tax 'to rise to 25%'

Capital gains tax (CGT) is likely to rise to 25 per cent in the forthcoming Budget, according to one investment expert.

24 Feb 2010
Capital gains tax 'to rise to 25%'
Buy-to-let market 'better investment than cash, shares or bonds'

Landlords who have bought properties in the buy-to-let market may find they see a good return on their purchases, as new research has revealed that residential housing has been a "better investment than cash, shares or bonds" over the last ten years.

23 Feb 2010
Buy-to-let market 'better investment than cash, shares or bonds'
Situation 'improving' for UK mortgage borrowers

The situation is "improving" for UK mortgage borrowers, with home loan rates being seen to come down since Christmas, one expert has advised.

23 Feb 2010
Situation 'improving' for UK mortgage borrowers
Scottish first-time buyers 'need nearly £25,000 for housing deposit'

First-time buyers in Scotland need an average of £24,573 to secure a deposit on a property, it has been revealed.

22 Feb 2010
Scottish first-time buyers 'need nearly £25,000 for housing deposit'
OFT shake-up to offer 'better deals for home buyers'

A new ruling from the Office of Fair Trading (OFT) could mean that home buyers and sellers will get better deals from the housing market, it has been revealed.

22 Feb 2010
OFT shake-up to offer 'better deals for home buyers'
Mortgage lender confidence 'will take time to recover'

Mortgage lending in the UK is likely to continue to decline over the next few months as confidence in the sector is going to take some time to recover, one expert has stated.

19 Feb 2010
Mortgage lender confidence 'will take time to recover'
Almost every first-time buyer 'will need the help of their parents'

Almost every first-time buyer who is looking to purchase a property in the UK will require the help of their parents in order to put down the necessary deposit, one expert has stated.

19 Feb 2010
Almost every first-time buyer 'will need the help of their parents'
Mortgage lending 'fell in January'

Gross mortgage lending experienced a 32 per cent fall between January 2009 and January 2010, according to the Council of Mortgage Lenders (CML).

18 Feb 2010
Mortgage lending 'fell in January'
Home buying 'an important transaction'

Purchasing a home usually represents one of the most significant transactions in a person's life, according to the National Association of Estate Agents (NAEA).

18 Feb 2010
Home buying 'an important transaction'
Mortgage lending in 2010 'to get off to a slow start'

Mortgage lending in 2010 is expected to get off to a "slow start", one expert has stated.

18 Feb 2010
Mortgage lending in 2010 'to get off to a slow start'
Consumer confidence 'returning to Scottish housing market'

Consumer confidence in the Scottish housing market is gradually returning to those north of the border, it has been suggested.

18 Feb 2010
Consumer confidence 'returning to Scottish housing market'
Housing market 'will not recover without improved mortgage availability'

The UK housing market will not make a full recovery until there is improved mortgage availability that will allow people to finance house purchases, it has been suggested.

17 Feb 2010
Housing market 'will not recover without improved mortgage availability'
Home buyers 'resisting to meet asking prices'

There is an increasing resistance among home buyers to meet the asking prices set by those selling their homes, one expert has suggested.

17 Feb 2010
Home buyers 'resisting to meet asking prices'
Housing costs to be 'bleak for some time'

Many of the UK's adult population may find that they experience financial difficulties relating to housing costs for some time, one expert has stated.

16 Feb 2010
Housing costs to be 'bleak for some time'
Home buyers have been 'taking advantage of market conditions'

Would-be home buyers in the UK have been taking advantage of the current property market conditions, it has been suggested.

16 Feb 2010
Home buyers have been 'taking advantage of market conditions'
First-time buyer purchases 'on the rise'

The number of first-time buyers who purchased a home in January has risen despite the end of the stamp duty holiday, it has been revealed.

12 Feb 2010
First-time buyer purchases 'on the rise'
UK landlords 'should feel optimistic about rental market'

Landlords in the UK should feel optimistic about the state of the rental market, according to one expert.

12 Feb 2010
UK landlords 'should feel optimistic about rental market'
Every part of house buying industry 'came to a standstill in January'

Every single part of the house buying industry and mortgage market "came to a standstill" in January, one expert has stated.

11 Feb 2010
Every part of house buying industry 'came to a standstill in January'
Talk of 'double dip recession' could affect the housing market

Commentators who talk of the possibility of a double dip recession could cause people to loose faith in the housing market, it has been suggested.

11 Feb 2010
Talk of 'double dip recession' could affect the housing market
'Marked rise' in mortgage products aimed at first-time buyers

There has been a marked rise in the number of mortgage products that are being aimed at first-time buyers, it has been revealed.

10 Feb 2010
'Marked rise' in mortgage products aimed at first-time buyers
Consumer confidence in housing market 'on ice'

Consumer confidence in the UK housing market will be "on ice" until the results of the general election are announced later in the year, it has been suggested.

10 Feb 2010
Consumer confidence in housing market 'on ice'
January's cold snap 'seen to affect housing market'

The plummeting temperatures that were experienced in the UK during January have had a negative effect on the housing market, it has been revealed.

09 Feb 2010
January's cold snap 'seen to affect housing market'
New repossessions structure 'required for homeowners'

A home repossessions structure needs to be developed which will take into account the difference between homeowners who are attempting to pay back their debts and those who are not, it has been suggested.

09 Feb 2010
New repossessions structure 'required for homeowners'
Legislation should be used 'to stamp out bad landlords'

Legislation that is already in place in the UK should be used to stamp out the worst landlords to ensure that renters receive the best quality of housing, it has been suggested.

08 Feb 2010
Legislation should be used 'to stamp out bad landlords'
Lenders able to offer 'more mortgage products'

An increasing number of lenders are now able to offer more mortgage products, which will lead to the home loan market becoming more competitive as the year continues, one expert has suggested.

08 Feb 2010
Lenders able to offer 'more mortgage products'
Private rental sector 'vital to buoyant housing market'

The private rental sector is a vital component of the maintenance of a buoyant housing market in Britain, it has been suggested.

05 Feb 2010
Private rental sector 'vital to buoyant housing market'
High LTV mortgage rates 'still very off-putting'

Although an increasing number of high loan-to-value (LTV) mortgage products are coming onto the market, the rates are still "very off-putting", according to one expert.

05 Feb 2010
High LTV mortgage rates 'still very off-putting'
Homeowners have 'learnt the lessons of the credit crunch'

UK homeowners have learnt the lessons of the credit crunch, according to one finance expert.

04 Feb 2010
Homeowners have 'learnt the lessons of the credit crunch'
£300 billion mortgage funding gap 'a worst case scenario'

Recent warnings from the Council of Mortgage Lenders (CML) that there could be a £300 billion shortfall in home loan funding by 2014 should be looked upon as a "worst case scenario", it has been advised.

04 Feb 2010
£300 billion mortgage funding gap 'a worst case scenario'
House price rises 'disappointing for first-time buyers'

The projected rise in house prices makes "disappointing" news for first-time buyers, it has been suggested.

03 Feb 2010
House price rises 'disappointing for first-time buyers'
A good tenant 'a very valuable thing to have'

It has been suggested that handling tenants in a sympathetic manner can be of benefit to landlords in the long run as a good renter is a "very valuable thing to have", according to one expert.

03 Feb 2010
A good tenant 'a very valuable thing to have'
House price rises 'not welcome for first-time buyers'

Young people and first-time buyers are not encouraged by hearing reports of a "booming" housing market, one expert has suggested.

02 Feb 2010
House price rises 'not welcome for first-time buyers'
New regulations provide 'greater protection for homeowners'

New rules from the Financial Services Authority (FSA), hoped to protect vulnerable homeowners in the sale and rent back market, have been welcomed by a debt expert.

02 Feb 2010
New regulations provide 'greater protection for homeowners'
Proposals for shared rented homes 'a tax on landlords'

New proposals, which will require buy-to-let owners to apply for planning permission if three or more unrelated people are living in one of their properties, are a "tax on landlords", one expert has stated.

01 Feb 2010
Proposals for shared rented homes 'a tax on landlords'
Without private rental sector UK housing would be 'in desperate straits'

If the private rental sector was not there to act as a safety net, the UK housing market would be "in desperate straits", one expert has commented.

01 Feb 2010
Without private rental sector UK housing would be 'in desperate straits'
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