Fri 02 Jul 2010

Mortgage Lending to toughen up over the next three months

According to BBC online news on 1. 7. 10, lenders are warning that there is going to be a new squeeze on mortgage availability. Although, we have seen improvements recently in the mortgage market, it is feared that this will not last and lending is to get tougher, they say, based on reports from the Bank of England. It is anticipated that we will see a squeeze on mortgages over the next three months.

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Tue 29 Jun 2010

The New Build market faces uncertainty


According to Taylor Wimpey, one of the largest builders of new build properties, the future is uncertain in relation to new build construction.

They flagged up concerns yesterday in relation to planning issues relating to a shortage of land with planning consent and anticipated changes to planning legislation. Click here to read the full report.

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Wed 23 Jun 2010

New Budget means tough times are ahead in the Property Market


Everyone knew the provisions in the new Budget, which was announced yesterday, would be harsh and we have been bracing ourselves for this for a short while now. The new budget directly impacts on the property market and will affect first time buyers, new build properties, sellers of second homes and the number of properties being marketed.


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Fri 18 Jun 2010

Mortgage Fraud is on the increase – Conveyancers Beware!

The Law Society Gazette reported on 17th June 2010 that mortgage fraud continues to rise based on the latest figures issued by the Solicitors Regulation Authority. These figures are particularly worrying for conveyancers.

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Wed 16 Jun 2010

Rise in CGT will affect the Property Market


A rise in Capital Gains Tax (CGT) has been a hot topic for some time now, since the new coalition government came in to power, and we all wait with baited breath to see what the actual changes will be.

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Tue 15 Jun 2010

House Prices continue to increase as HIPS are abolished

The Press Association Yahoo News reported this morning that house prices continued to rise in the month of May following the axing of the controversial HIPs packs. Click here to read the full report.

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Fri 11 Jun 2010

Platform launches a Joint Mortgage for Joint Property Buyers

The mortgage lender, Platform, has just launched a new product solely for joint property buyers. They say that research has shown that those with joint mortgagees tend to ‘perform better’ than those with a mortgage in their sole name. They are therefore able to offer favourable rates to joint applicants. Click here for the full report.

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Wed 09 Jun 2010

Crackdown on 'Garden Grabbing' for New Builds to be announced today!

Measures to stop “garden grabbing” by property developers are to be announced today after mounting concern relating to high-density housing, reports the Times online. Click here for the full report.

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