News
Property News
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House purchase lending increases again 18th August 2010
In June 48% of new borrowers took out a fixed rate mortgage-the highest proportion so far in 2010, according to new data from the Council of Mortgage Lenders. Fixed rates had proved unpopular this year compared to the last several years due to an historic low bank rate with little prospect of the... Read More
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‘For sale’ boards to display energy efficiency ratings 18th August 2010
An EU Directive is making it compulsory for energy efficiency ratings to be published in all UK homes ‘for sale’ advertisements as of 2012. ‘For sale’ boards currently do not have to display the energy efficiency of the property but this is set to change according The National EPC... Read More
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Greater cooperation needed between house builders and local & central government 18th August 2010
A recent announcement by Housing Minister, Grant Shapps, reported action is to be taken to support the demand for new homes to be built. Under the New Homes Bonus scheme the government will match the council tax raised on each new house built for six years. Craig Hallam, New Homes Director for... Read More
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Invest in California with only $10,000 deposit 12th August 2010
The financial deluge that has hit the United States over the past two years has prompted a flurry of offers of cheap property. As the first signs of recovery begin to take hold, investors are looking to put their money where the action is - and where it’s going to be over the next few years... Read More
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Don’t abandon first time buyers 12th August 2010
The home building industry today urged the Government not to abandon first time buyers by axing crucial home-buying assistance in the Comprehensive Spending Review. HomeBuy Direct is a partially Government-backed scheme that has helped 10,000 first time buyers onto the property ladder over the... Read More
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Part-ownership will help to kick-start the market says new homes website 12th August 2010
A surplus of newly-built homes in the UK could help kick-start opportunities for the first-time-buyer over the next 12 months. That’s according to one industry expert who says newly built homes are the key to the door for young people desperate to have a place of their own. According to Vernon... Read More
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Base rate remains on hold 12th August 2010
The recent decision by the Bank of England’s Monetary Committee to keep the base rate on hold at 0.5% for another month running is very much as expected and appreciated by thousands of mortgagees across the country. Andy Cuthbert, Managing Director of dot financial services, comments... Read More
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New lettings scam comes to light 4th August 2010
A new scam on an classified web site has been uncovered by the National Landlords Association (NLA), the biggest landlord association in the UK. A number of defrauded tenants have contacted the NLA about a new wave of scams on the online classifieds website, Gumtree. Unsuspecting potential... Read More
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House Prices fall back in July 4th August 2010
Demand from house buyers has remained a little subdued according to the Nationwide and House prices fell back by .5% in July Despite record low interest rates, it seems that a combination of poor mortgage availability and concern about the future economy have deterred some buyers. Encouragingly... Read More
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Part-ownership helps kick-start housing market 28th July 2010
Under-35s say part-ownership is often the only answer when it comes to getting a foot on the property ladder. A surplus of newly-built homes in the UK could help kick-start opportunities for the first-time-buyer over the next 12 months. That’s according to one industry expert who says newly... Read More
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More people living alone leads to one-egg frying pans 28th July 2010
Frying pans big enough to hold just one egg, small plates for just one slice of toast, and tea pots, which only hold one cup of tea are now some of the fastest selling items in cookware, says high street store Debenhams. According to The Office for National Statistics, In Great Britain the... Read More
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Social Housing Squeeze will cost £260 million over five years 28th July 2010
A major new report recently released by Circle Anglia one of the UK’s providers of affordable housing, says that mobility problems faced by social housing tenants in Greater London will cost the economy an estimated £52 million each year – this will amount to £260 million over... Read More
