Home » Articles posted by admin (Page 2)

London home prices go stratospheric

Despite the poor weather, the UK property market has surged ahead in the first few months of 2013, according to the Home.co.uk Asking Price Index.

Asking prices are up 2.0% on January alone but with only 117,000 new sales properties entering the market last month, buyers have even fewer properties to choose from. Supply of property for sale is down 7.6% year-on-year and this shortage will only serve to push prices higher.

Continue reading

Farmland prices back to record high

Farmland continues to outperform many other asset classes over the mid to long-term, although the recent bounce in equity values means the FTSE 100 has performed more strongly over the past year as investors recover some of their appetite for risk.

That is the key finding of the latest Knight Frank Farmland Index.

Continue reading

Britons trade horticulture for hot tubs

The UK garden economy is blooming as households invest thousands of pounds transforming outdoor space into luxury havens, according to research.

The report from Lloyds TSB Insurance showed homeowners spent an average of £894 on outdoor furniture and decorations for their gardens over the past 12 months.

Continue reading

Changes make it easier for self-builders

New measures could make it cheaper for aspiring self-builders to get their "grand design" off the ground.

Proposed changes could save self-builders thousands of pounds by ensuring they are exempt from paying a levy charge that must be paid for all new buildings over a certain size.

Continue reading

Buy-to-let investors make record use of alternative finance

Buy-to-let investments are the most popular use for alternative lending, according to a poll of financial intermediaries.

In the recent survey of 350 mortgage brokers carried out by peer-to-peer bridging lender West One Loans, a record 36% of intermediaries listed buy-to-let as the most popular use for bridging loans. 

Continue reading

Bank of England : “Improving housing market activity,”

The Bank of England reports an improving housing market activity, both for new home sales and secondary market transactions.

That had continued to reflect falls in mortgage rates - including at high loan to value ratios - and an improvement in mortgage availability, as well as the effects of specific government-backed incentive schemes for home ownership.

Continue reading

Home loans fall 7% in March as borrower finances feel the strain

House purchase lending fell 7% in March thanks to weakening borrower demand and tough lending criteria, according to the latest Mortgage Monitor from e.surv chartered surveyors.

House purchase approvals fell from 51,653 to 48,200 – their lowest since August 2012 – suggesting the mortgage market is beginning to regress again after a strong end to 2012.

Continue reading

Lending to first-time buyers increases in February

The number of first-time buyers increased by 3% in February, marking the best start to a year since 2008, according to new data by the Council of Mortgage Lenders.

Activity in the first-time buyer sector was 17% stronger in February than in February last year, and combined with January reached the largest number of first-time buyers in the first two months of the year since 2008.

Continue reading

£700m welcome boost for build-to-let homes

The British Property Federation (BPF) has welcomed the detail of a £700m government pledge to build up to 10,000 new build-to-let homes.

In a Written Ministerial Statement Housing Minister Mark Prisk announced the first tranche of winning bidders of the Build to Rent Fund, which was increased from £200m to £1bn in last month’s Budget.

Continue reading