Latest News residential property


                    
            

Cheaper Mortgages On Way

Mortgage rates could drop below 1.5% as new lenders prepare to enter the UK mortgage market in the coming months. Increased competition in the UK market could mean that residential property owners benefit from lower mortgage repayments by as much as £600 (GBP) a year New lenders are likely to be attracted to the UK […]

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UK Buy To Let Mortgage Figures Reach New High

 Buy To Let Mortgages Continue To Lead The Way In UK Property Market Re-mortgaging activity in the first quarter of 2013 saw UK mortgage lending reach a new high, with more landlords trying to raise finance to buy more suitable residential properties with a view to letting them out to tenants, according to the latest […]

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Tenants Still Struggling With Rent

In the UK private rented sector, the average rental price for a residential property now stands at a staggering £777 (GBP) per month across the whole of the country, but there are some regional differences. Private sector rents in Greater London rose by 6.7% during the last 12 months to reach a regional average of £1,224 […]

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Residential Property Prices Up

According to one of the UK’s leading mortgage lenders, residential property prices in the UK rose by more than economists had expected in January putting a halt to the annual decline. Nationwide say that residential property prices in the UK actually increased by 0.5% in January 2013, a further sign that the two years of […]

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Residential Property Market Expected To Remain Flat In 2013

Property experts and economists have predicted that the 2013 residential property forecast for the UK is going to remain much the same as last year. This is good news for all property investors, who are able to get finance, but not welcome news for struggling first time buyers as the UK residential property market remains […]

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UK Property Market Predictions For 2013

What’s in store for the UK residential property and Buy To Let markets in 2013? Many of the predictions made by respected property analysts have so far been fairly positive in that the state of the UK residential property sales market can’t really get much worse, and the Buy To Let rental market should continue to […]

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Property Prices Fall As Mortgage Lending Rises

UK Property Prices Still Falling But Its Not All Bad… UK property prices fell faster than expected in November2012, attracting many new buyers according to the Royal Institute of Chartered Surveyors (RICS). In its latest analysis of the UK residential property market, RICS found that: 9% more of RICS surveyors reported property price falls rather than rises, […]

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Property Values To Remain Subdued In 2013

UK Property values will remain subdued in 2013 It has emerged that while first-time buyers are continuing to struggle to secure mortgage loans on any type of property, according to UK mainstream mortgage lender, The Halifax. The UK mortgage lender said that while the overall outlook for UK property values “remains more unclear than usual” it […]

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High Rental Yields Attracting More Property Investors

Low Buy-To-Let mortgage rates and increased rental yields making UK Buy-To-Let an attractive prospect for property investors UK property investment is booming after financial experts dubbed the UK Buy-To-Let industry as a property investor’s dream following reports of double-figure rental yields being achieved by smart landlords in parts of the UK. Some areas of London […]

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Charities Reckon Homelessness Is A Growing Threat

An extra 1.5 million 18 to 30-year-olds are expected to apply for private rented sector (PRS) properties over the next eight years. The influential Joseph Rowntree Foundation says that one risk is that pressures on private rental accommodation could force young families out of the sector and into homelessness. The foundation forecasts that around 310,000 […]

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Property Renting Set To Be Way Of Life For Young Families

A new report warns of steep increases in the number of parents unable to buy their own homes meaning millions of young families are entering an era of insecurity in which renting property becomes the norm. The Cambridge University study, commissioned by the independent Resolution Foundation and the housing and homeless charity Shelter, says that […]

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North-South Mortgage Divide

Negative equity is not a situation that many professional landlords with Rent Guarantee insurance and good rental yields has to worry about, but for many new or “reluctant” landlords forced to rent out their former homes in order to keep the mortgage paid, it can be a real problem. UK Buy To Let landlords and […]

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Reluctant Landlords Claim Ignorance Over Responsibilities

A large number of private residential properties are being rented out to tenants because the owners have moved out but found it difficult to sell the property on. In fact, according to the Association of Residential Letting Agents (ARLA), many people are choosing to rent out homes they cannot sell. This has led to an […]

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Developers Encouraged To Build To Rent

New home builders and property development contractors may be encouraged to build new exclusive rental only housing estates where none of the properties will be for sale. The UK Government are exploring the idea and it could mean the introduction of a separate planning class for new-build residential property that will be rented out, and […]

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