Published by Hellium by Katerina Nikolas on 02 October 2010   When the Thatcher government introduced the right to buy scheme for council house tenants, the best of the council house stock was bought up. Some neighbourhoods underwent much improvement as previous tenants became more committed within the communities and new pride in their homes […]

Published by Property Wire on Friday, 01 October 2010   Real estate agents in the UK are being warned that those failing to register with the Office of Fair Trading’s money laundering scheme are facing stiff financial penalties. Publishing it interim policy on imposing financial penalties on estate agents and certain credit lenders, the OFT […]

Published by Guardian Esther Shaw and Jill Insley; Sunday 26 September 2010   A housing forum aims to do more to empower buyers, but are the upfront costs any guarantee of success? Homebuyers and sellers could have access to a new contract which reduces the risk of a sale failing as early as next year, […]

Published by Financial Advice on Thursday 23rd September 2010   UK mortgage lending for August was down 22.3% against the corresponding period last year with just under 32,000 approvals. In total £11.4 million was injected into the UK housing arena although this was well down on the £13.3 billion just a month earlier. So what […]

Published by Property Community on Thursday, 23 September 2010   It has fallen from 3.6 weeks to 3.2 weeks compared with the previous quarter, the latest figures from the Association of Residential Lettings Agent (ARLA) show. The average number of new tenancies signed up compared to the preceding survey has also increased in line with […]

Published on Mortgage Rates By Mark Johnston, Saturday, 18th September 2010   The Bank of England has released figures that show a large drop in mortgage lending. The figures reveal that net lending has plummeted from %18 million in June to just £86 million in July. Net lending is the totally UK mortgage market with […]

Published on Hellium By Katerina Nikolas   Home repossessions are still at high levels in the UK. Those who fall into arrears on their mortgage by missing a payment need to be in contact with the lender and try to sort out a solution to the problem. Those who simply ignore the collections calls and […]

Published on Reuters By Lee Chyen Yee, HONG KONG | Wed Sep 15, 2010 8:59am EDT   (Reuters) – Without ever setting eyes on the property, Hong Kong resident Irene Chu snapped up a flat 6,000 miles away in London, a city she has visited but has no intention of ever living in. “I’m not […]

Published on Bloomberg.com By Tim Barwell, Monday 9th September 2010   U.K. homebuilders are profiting from cheap land purchases just as property prices start to fall. Developers are able to buy land for as little as a third of peak 2007 prices, London-based Savills Plc estimates. Those savings will more than make up for any […]

“Standard & Poor’s ratings agency says planned spending cuts and tax rises may lead to many more house repossessions”   Published on Guardian By Larry Elliott, Monday 9th September 2010   The government’s planned spending cuts and tax rises could trigger a fresh wave of house repossessions as hard-pressed borrowers find it impossible to meet […]