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UK Property News 03 2010

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New-build housing market 'offers clear advantages'

Those looking to purchase a property in the UK may be wise to opt for a new-build home, as it has been suggested that they offer clear advantages to homeowners.

31 Mar 2010
New-build housing market 'offers clear advantages'
Letting property 'no longer the road to riches'

Investors who have jumped onto the property bandwagon in the hope of making a fast profit are quickly realising that the industry is perhaps not as lucrative as it once was, one expert has suggested.

31 Mar 2010
Letting property 'no longer the road to riches'
'Light at the end of the tunnel' for buy-to-let landlords

Buy-to-let landlords are now beginning to see the "light at the end of the tunnel" as rent levels start to rise, one expert has suggested.

30 Mar 2010
'Light at the end of the tunnel' for buy-to-let landlords
New buy-to-let landlord laws 'totally impractical'

New planning permission laws that are set to come into place next month have been described by one expert as "totally impractical".

29 Mar 2010
New buy-to-let landlord laws 'totally impractical'
Stamp duty measure 'help all facets of the property market'

The new stamp duty threshold of £250,000 for first-time buyers will help all facets of the property market, according to one expert.

26 Mar 2010
Stamp duty measure 'help all facets of the property market'
Private rental sector 'overlooked' in Budget

Yesterday's (March 25th) Budget announcement that stamp duty is set to be abolished for first-time buyers purchasing properties under the value of £250,000 should be extended to buy-to-let landlords, one expert has suggested.

25 Mar 2010
Private rental sector 'overlooked' in Budget
First-time buyers 'the big winners of the Budget'

First-time buyers will no doubt be pleased to hear that they are the big winners from yesterday's (March 24th) Budget announcement, according to one expert.

25 Mar 2010
First-time buyers 'the big winners of the Budget'
House prices 'no better than flat for 2010'

UK house prices are set to remain virtually flat for the entirety of 2010, one expert has suggested.

24 Mar 2010
House prices 'no better than flat for 2010'
UK 'short of good quality housing'

The UK is suffering from a severe shortage of good quality housing, one expert has stated.

24 Mar 2010
UK 'short of good quality housing'
Keeping track of mortgage deals 'difficult for homeowners'

Keeping track of the best mortgage deals available for homeowners can be "very confusing", according to one expert.

23 Mar 2010
Keeping track of mortgage deals 'difficult for homeowners'
Mortgage products 'still too expensive for first-time buyers'

Mortgage products are still too expensive for first-time buyers to be able to get a foot onto the property ladder, one expert has stated.

23 Mar 2010
Mortgage products 'still too expensive for first-time buyers'
First-time buyers 'giving up hope' of owning a home

First-time buyers are giving up hope of ever owning their own home, it has been claimed.

22 Mar 2010
First-time buyers 'giving up hope' of owning a home
FSA mortgage proposals 'inappropriate'

New proposals from the Financial Services Authority (FSA), which could set maximum limits on loan-to-value ratios for mortgages, have been dismissed by one expert as "inappropriate".

22 Mar 2010
FSA mortgage proposals 'inappropriate'
'Good tactics' from lenders helped to reduce mortgage arrears

The employment of "good tactics" from lenders has helped to reduce mortgage arrears, one expert has stated.

19 Mar 2010
'Good tactics' from lenders helped to reduce mortgage arrears
Deposits a 'major problem' for first-time buyers

First-time buyers are struggling to raise the necessary cash to put down a deposit on a property, one expert has revealed.

19 Mar 2010
Deposits a 'major problem' for first-time buyers
Lloyds' new mortgage overpayment limit provides flexibility, says expert

The recent announcement from Lloyds Banking Group that homeowners will be able to overpay their mortgage by up to 20 per cent without incurring a financial penalty has been welcomed by one expert.

18 Mar 2010
Lloyds' new mortgage overpayment limit provides flexibility, says expert
UK house prices 'will not grow at pre-credit crunch levels'

It is unlikely house prices will continue to grow at the rate seen before the global economic slowdown, one expert advises.

18 Mar 2010
UK house prices 'will not grow at pre-credit crunch levels'
Rental market 'could be wrecked by new planning order'

Buy-to-let landlords would be wise to note that a proposed planning order could have a devastating effect on the rental market, one expert has suggested.

17 Mar 2010
Rental market 'could be wrecked by new planning order'
Buy-to-lets 'never been better' for long-term landlords

Professional landlords who purchased properties more than three years ago will now be able to reap the rewards of their investment, one expert suggests.

17 Mar 2010
Buy-to-lets 'never been better' for long-term landlords
Number of sub-standard Hip providers 'concerning'

Homeowners looking to sell their property in the near future may wish to take note of one expert who has advised that the number of sub-standard Hip (home information pack) providers is "concerning".

16 Mar 2010
Number of sub-standard Hip providers 'concerning'
First-time buyers 'must be able to cover mortgage interest rate rises'

First-time buyers must ensure that they have the necessary funds available to cover any potential rise in mortgage interest rates, it has been suggested.

16 Mar 2010
First-time buyers 'must be able to cover mortgage interest rate rises'
New guarantor mortgage 'innovative product for first-time buyers'

A new guarantor mortgage that has been launched by The Mortgage Works - a subsidiary of Nationwide Building Society - has been described by one expert as the most innovative first-time buyer product that he has seen in recent years.

15 Mar 2010
New guarantor mortgage 'innovative product for first-time buyers'
Home buyers 'eager to take advantage of new-build deals'

Potential home buyers are becoming increasingly eager to take advantage of the many good deals that are currently being offered by new-build developers, one expert has stated.

15 Mar 2010
Home buyers 'eager to take advantage of new-build deals'
First-time buyer market is really tough, says expert

The current first-time buyer property market is "really tough", according to one expert.

12 Mar 2010
First-time buyer market is really tough, says expert
'More needs to be done' to facilitate first-time buyer purchases

Whichever party wins power in the upcoming general election needs to do more to facilitate home purchases for first-time buyers, one expert has stated.

12 Mar 2010
'More needs to be done' to facilitate first-time buyer purchases
Confidence has returned to the mortgage market, says expert

Mortgage lenders are becoming increasingly confident about the state of the property market and as a result, are offering lower home loan rates, one expert has stated.

11 Mar 2010
Confidence has returned to the mortgage market, says expert
First-time buyers 'may only be able to purchase a home in their 30s'

The comments of one housing expert could make gloomy reading for potential first-time buyers in their twenties.

11 Mar 2010
First-time buyers 'may only be able to purchase a home in their 30s'
Increasing mortgage availability 'will help first-time buyers'

As a greater number of mortgage products come on to the market, first-time buyers will find it easier to get on to the property ladder, it has been suggested.

10 Mar 2010
Increasing mortgage availability 'will help first-time buyers'
Investors turn to buy-to-lets amid pension fears

An increasing number of savers are investing their money in buy-to-let properties amid fears that their pension will be insufficient to fund their retirement, one expert has stated.

10 Mar 2010
Investors turn to buy-to-lets amid pension fears
2010 to be 'the year of the landlord'

The coming year is set to be the year of the buy-to-let landlord, according to one property expert.

09 Mar 2010
2010 to be 'the year of the landlord'
Homeowners 'should pay off mortgage before reaching 55'

Homeowners would be wise to pay off their mortgage before they reach the age of 55 so that they do not have to deal with a large level of debt in retirement, one expert has suggested.

09 Mar 2010
Homeowners 'should pay off mortgage before reaching 55'
UK properties 'will need to be retrofitted to meet climate change targets'

In order for the UK to meet its target of an 80 per cent reduction in CO2 emissions by the year 2050, the country’s housing stock will need to be retrofitted, one expert has advised.

08 Mar 2010
UK properties 'will need to be retrofitted to meet climate change targets'
2010 will see ‘a great deal of uncertainty in the housing market’

Over the coming 18 months there is set to be a "great deal of uncertainty" in the UK housing market, according to one expert.

08 Mar 2010
2010 will see ‘a great deal of uncertainty in the housing market’
UK homeowners have 'considerable lack of knowledge about mortgage products'

Homeowners in the UK have a considerable lack of knowledge about mortgage products, according to one expert.

05 Mar 2010
UK homeowners have 'considerable lack of knowledge about mortgage products'
Young people 'forced out of rural housing market'

Young people are being increasingly forced out of the housing market in rural areas of the UK due to high house prices, one expert has commented.

05 Mar 2010
Young people 'forced out of rural housing market'
Number of UK homeowners set to decline, warns CML

The number of people who own their home in the UK is set to continue on a downward spiral over the coming years, the Council of Mortgage Lenders (CML) has warned.

04 Mar 2010
Number of UK homeowners set to decline, warns CML
Bank of England interest rates 'to remain at 0.5% for foreseeable future'

The Bank of England interest rate is likely to remain at the current figure of 0.5 per cent for the foreseeable future, according to one finance expert.

04 Mar 2010
Bank of England interest rates 'to remain at 0.5% for foreseeable future'
Stamp duty holiday 'contributed to drop in mortgage lending'

The end of the stamp duty holiday, paired with the nationwide big freeze that was seen throughout January, has contributed to a "sharp drop in mortgage approvals", according to one expert.

03 Mar 2010
Stamp duty holiday 'contributed to drop in mortgage lending'
Properties in 'best locations hold value more'

Those looking to purchase a second home may wish to do so in what is considered to be a desirable area, as one expert has advised that properties in the best locations in the UK tend to hold their value.

03 Mar 2010
Properties in 'best locations hold value more'
Prime property market 'in strong demand'

The UK housing market is currently experiencing a strong demand for prime properties, according to one expert.

02 Mar 2010
Prime property market 'in strong demand'
UK house prices have fallen because 'people cannot afford to buy'

The average value of properties in the UK has fallen because people are no longer able to secure mortgage deals and therefore cannot afford to purchase a home, one expert has stated.

02 Mar 2010
UK house prices have fallen because 'people cannot afford to buy'
House prices 'to continue on downward spiral'

UK house prices are likely to continue on a "slow, downward spiral" over the next 18 months, according to one expert.

01 Mar 2010
House prices 'to continue on downward spiral'
First-time buyers 'need to save to be taken seriously'

First-time buyers need to make sure that they save enough money for a deposit so that they are taken seriously in the mortgage market, one expert has advised.

01 Mar 2010
First-time buyers 'need to save to be taken seriously'
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