News Archive - November 2008
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November 2008
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Householders 'need tax incentives'
Wednesday, 19th November 2008
Ten recommendations have been put forward by the Federation of Master Builders (FMB) for the chancellor's pre-Budget report, including tax incentives for householders. Full story...
More women 'own homes despite lower wage'
Wednesday, 19th November 2008
Around 44 per cent of women are paying a mortgage in the UK compared to 37 per cent of men, a new survey has revealed. Full story...
Rental market is at 'major risk' from reluctant landlords
Tuesday, 18th November 2008
A landlord organisation has expressed its worry over recent statistics released by the Royal Institution of Chartered Surveyors. Full story...
HBF: Older people need housing too
Tuesday, 18th November 2008
The Home Builders Federation (HBF) has called on the government to address the housing needs of the older generation as well as first-timers buying property in the UK. Full story...
Huge supply 'pushes rents down'
Tuesday, 18th November 2008
The flood of new landlords to the lettings market after the housing price crash has resulted in a large supply of properties, in turn pushing down the price of rents across the country, it has emerged. Full story...
Kensington and Chelsea 'have most expensive streets'
Monday, 17th November 2008
Those looking to save money on their home best stay away from Kensington and Chelsea, according to a recent survey by a high-street lender. Full story...
FTBs 'turning to shared ownership schemes'
Monday, 17th November 2008
First-time buyers (FTBs) buying property in the UK are increasingly turning to such cheaper options as shared ownership schemes, according to a website for new housing. Full story...
DPS: Landlords and tenants both happy
Monday, 17th November 2008
The majority of tenants in a recent survey get along well with their landlord, according to a government-approved custodial scheme. Full story...
Lib Dems: New vision for countryside needed
Monday, 17th November 2008
The countryside is in need of new policies and decision making, according to the leader of the Liberal Democrats. Full story...
Scottish housing market 'shows record fall'
Friday, 14th November 2008
The average price of housing in Scotland has fallen by a record four per cent in the last three months to October 31st, Lloyds TSB Scotland has revealed. Full story...
Fair house pricing in London "vital"
Friday, 14th November 2008
It is "vital" for sellers in London to price their property properly, according to industry specialist FindaProperty.com. Full story...
Repossession is in 'nobody's interests'
Friday, 14th November 2008
It is in "nobody's interest" to repossess a property in today's market, according to the Homeowners Advice Centre. Full story...
AMI: Freeze on regulatory fees needed
Thursday, 13th November 2008
The Association of Mortgage Intermediaries (AMI) has called for a freeze on regulatory fees and dividends for its members in order to assist them in the current financial crisis. Full story...
Borrowers 'must be patient' in current market
Thursday, 13th November 2008
Customers looking for the best mortgage rates in the current market must be patient and avoid headline-grabbing deals for the time being, according to a sector specialist. Full story...
Lenders 'not reducing fixed-rate mortgages'
Thursday, 13th November 2008
High street lenders are not reducing the price of their fixed-rate mortgages, according to a financial information provider. Full story...
'Accidental landlords' return to sales market
Wednesday, 12th November 2008
A number of "accidental landlords" which joined the lettings market when their homes failed to sell are now returning to the market, it has been claimed. Full story...
Lenders may 'continue to withdraw SVRs'
Wednesday, 12th November 2008
A number of lenders may add to the trend of withdrawing their standard variable rate (SVR) mortgages, it has been said. Full story...
Stamp duty 'avoided by half of borrowers'
Wednesday, 12th November 2008
Half of borrowers were able to avoid stamp duty in September, according to a new survey. Full story...
Mortgage rate drops are 'commendable'
Tuesday, 11th November 2008
A major housing developer has congratulated the Bank of England for its move to dramatically drop the interest rate. Full story...
Stamp duty 'must be suspended'
Tuesday, 11th November 2008
A full revision of stamp duty is needed, according to the National Association of Estate Agents (NAEA). Full story...
Rics: Sales recovery expected
Tuesday, 11th November 2008
Sales may have hit a new low but the market is expected to recover over the coming months, according to the Royal Institution of Chartered Surveyors (Rics). Full story...
Loft converters should 'consult others'
Monday, 10th November 2008
People hoping to convert their loft into an extra room should talk to both a building specialist as well as their neighbours, it has been recommended. Full story...
Property sector is 'either buyer's or seller's market'
Monday, 10th November 2008
The housing market is never static, with the sector either being dominated by buyers or sellers, it has been claimed. Full story...
'Shameful' single banks do not pass on rates
Monday, 10th November 2008
Banks which do not pass on the cut in interest rates are acting shamefully, it has been claimed. Full story...
Halifax: Affordability in market is improving
Friday, 7th November 2008
Housing affordability is showing notable improvements, according to high street bank Halifax. Full story...
Banks must 'pass on interest rate cuts'
Friday, 7th November 2008
The National Association of Estate Agents (NAEA) has called on high street banks to pass on the cut in interest rates to their customers. Full story...
CML and Rics welcome Bank rate cut
Friday, 7th November 2008
The decision by the Bank of England to cut the interest rate by 1.5 per cent to three per cent has been applauded by two major industry organisations. Full story...
NLA: Interest rate cuts not benefiting landlords
Thursday, 6th November 2008
The National Landlords Association (NLA) has said that lenders need to "play ball" and pass on base rate cuts to landlords. Full story...
FSA bans mortgage brokers
Thursday, 6th November 2008
The Financial Services Authority (FSA) has banned two men from the mortgage business after it was found that they were providing inadequate mortgage advice to customers. Full story...
Remortgaging is 'limited in current market'
Thursday, 6th November 2008
Lenders are unwilling to lend in the current market, making remortgaging and buying property in the UK difficult to do, it has been said. Full story...
Lenders 'still not passing on base rate cut'
Wednesday, 5th November 2008
Over thirty mortgage lenders have not passed on the full base rate cut announced by the Bank of England last month, it has been revealed. Full story...
British valuations 'most accurate'
Wednesday, 5th November 2008
Commercial property valuations in the UK are the most accurate of the four largest the four largest what? in Europe, it has been revealed. claimed Full story...
House prices in London 'suffer record falls'
Tuesday, 4th November 2008
Central London's prime residential areas suffered average price falls of a record-breaking 3.9 per cent during October, a recent survey has found. Full story...
Landlords 'must address winter risks'
Tuesday, 4th November 2008
Landlords have been warned to prepare for any major problems that the winter brings or face large repair costs. Full story...
FMB: New houses still needed
Tuesday, 4th November 2008
Around 1.5 million people on council waiting lists are in dire need of new homes which need to be built as soon as possible, according to the Federation of Master Builders (FMB). Full story...
Faith in 'property as a pension' falls
Tuesday, 4th November 2008
Using property as a means to fund retirement is becoming a less interesting prospect for many, it has been stated. Full story...
Unemployment 'will affect buy-to-let'
Monday, 3rd November 2008
A rise in unemployment could result in more problems facing the buy-to-let lending market, it has been stated. Full story...
Private empty homes numbers 'in decline'
Monday, 3rd November 2008
The number of empty private homes in England has fallen by nearly a tenth, according to a recent market analysis. Full story...