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UK Spotlight
Just when many analysts had come to terms with the 3.5% rise in retail sales in May and the fact this did not seem correct, June has seen a fall of 3.9% in sales – the worst fall in 22 years. The...
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Property News Archive → Syndicate this
Thursday 15th May 2008
Sale and rent back schemes to be probed Sale and rent back schemes could be subjected to greater regulation following a probe from the Office of Fair Trading (OFT). The OFT has announced it will investigate the sector to examine whethe...
Wednesday 14th May 2008
Tax warning for buy-to-let landlords It is essential that buy-to-let landlords get their tax affairs in order or risk significant fines from HM Revenue & Customs (HMRC), a business advisory firm has warned. Alex McCann of DTE is...
Wednesday 14th May 2008
Notes reveal ministers housing market fears House prices are set to fall by "at best" between five per cent and ten per cent this year, according to forecasts in confidential government documents. The cabinet's expectation was re...
Friday 9th May 2008
Repossessions up 8.5% in first quarter UK lenders issued 8.5 per cent more repossession claims during the first quarter of this year, in a clear sign that borrowers are struggling with higher mortgage repayments and the rising cost of d...
Wednesday 7th May 2008
First time buyers driving hard bargains First time buyers are driving an increasingly hard bargain with sellers, according to new figures from an independent finance site. In a poll conducted by Moneyextra.com, the average price which ...
Thursday 1st May 2008
Completion time on home sales falls despite signs of slowdown The slowdown in the housing market may not be as marked as has been suggested, new figures indicate. According to the LMS Quarterly Market Efficiency Monitor the average time taken to sell a home...
Wednesday 30th April 2008
House prices have fallen year-on-year House prices during April are now on average one per cent less than they were 12 months ago, new data has shown. According to Nationwide's monthly house price survey, the average value of a prope...
Tuesday 29th April 2008
House prices down again in March New data from the Land Registry has provided further evidence of a slowdown in the UK property market. According to the body's figures, the price of a property in the UK and Wales fell by an aver...
Monday 28th April 2008
House prices down 0.9% UK house prices are now almost one per cent less than they were a year ago, following a seventh consecutive monthly decline. Data from house price information group Hometrack shows that the averag...
Monday 21st April 2008
Darling to ask lenders to help cash-strapped homeowners Relief could be on the way for beleaguered homeowners in the form of new government proposals intended to alleviate the strain of meeting repayments. Under the proposals, lenders would enable hom...
Thursday 17th April 2008
Situation worsening for first time buyers The gulf between house prices and what first time buyers can afford is widening every year, according to the head of a housing charity. Research conducted by Shelter has found that in ten years t...
Tuesday 15th April 2008
House prices 'fall 1.6 per cent' House prices fell by 1.6 per cent in February, new government figures reveal. The new report, from the Department of Communities and Local Government, also showed that the annual rate of property ...
Monday 14th April 2008
One-third of estate agents to close At least a third of the UK's estate agents currently in business are set to have closed by the end of the year, the UK's largest property agent network has predicted. Robin King, director of Move...
Friday 11th April 2008
Mortgage lenders criticised for upping rates Nationwide and Alliance & Leicester have been strongly criticised after announcing increases to rates on their fixed-rate deals, despite yesterday's cut to the key base rate of interest. Amid...
Tuesday 8th April 2008
100% mortgages are no more Homebuyers without deposits will no longer be able to take out 100 per cent mortgages, with the news that Abbey is to withdraw its range. Abbey had been the last of the UK's mainstream lenders to...
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