Category Archives: Uncategorized

Figures show blots on the landscape for house prices

House prices fell in the North and the West Midlands in December as market activity dampened, exposing those regions where the recovery has been weakest. According to the Royal Institution of Chartered Surveyors (RICS), last month’s figures showed 5 per … Continue reading

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‘Double-dip’ recession threat to UK

Britain could be pitched into a double dip recession because of a ‘disturbing weakness’ in the services sector, the British Chambers of Commerce has warned. In a grim survey of UK PLC, the business lobby group revealed that the recovery … Continue reading

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Banks fear for their recovery – CBI

Britain’s high-street banks expect their recovery will come to a juddering halt over the next few months as a flight of retail deposits, demands that they retain more capital and the faltering economy stymie their efforts to increase lending.  Banks … Continue reading

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House prices at 2006 levels

House prices in England and Wales ended 2009 at the same level as they did in 2006, indicating a significant market recovery, according to figures. The average price of residential property transactions was 0.8% higher in December than it was … Continue reading

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Homeowners resort to plastic

    More than one million householders have used credit cards to pay their mortgage or rent in the last 12 months, according to a new survey by Shelter. The highest proportion of those who pay their rent or mortgage … Continue reading

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Coventry launches new range of Deals

  Coventry Building Society has launched a new range, including fixed rate mortgages, which it said will give brokers a real incentive to talk to their clients. With the new year a traditional time to reassess personal finances, brokers could … Continue reading

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Nationwide – Purchase rates reduced at higher LTVs by up to 0.60%

  From 8 January 2010 we’ll be making it more affordable for first time buyers and anyone moving home with smaller deposits to take out a Nationwide Building Society mortgage, by reducing selected fixed and tracker rates by up to 0.60%. Key product … Continue reading

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Home loan costs soar despite base rate freeze

Millions of homeowners are being stung by rising mortgage rates costing up to £1,400 extra a year despite the Bank of England‘s base rate freeze. A string of lenders have raised their standard variable rate since the base rate was … Continue reading

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Buy to let landlords face new build dilemma

There maybe trouble ahead for some professional landlords following the recent test case between Prestige Homes and a potential property landlord. The case is a landmark decision which has left one landlord with a bill of £133,282. The case came … Continue reading

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Interest rate rises on agenda

   RICS believes that a buoyant housing market, along with economic stability, means interest rate rises are on the agenda for the second half of the year.  Commenting, RICS senior economist Oliver Gilmartin said: “mortgage approvals have now been rising … Continue reading

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