Finances

Property outperforms commodities in confidence survey

Posted by on 28/05/2011 at 7:10 pm

Published by OPP on Saturday, 28 May 2011   Confidence in property investment has reached eight-month high says the Worldwide Property Group. “With the commodities markets looking decidedly shaky, property is once again increasing in investment popularity,” the Worldwide Property Group told OPP this week. Results from the company’s April UK Confidence Tracker Survey reveal […]

Mortgage market in UK improving but

Posted by on 26/05/2011 at 10:17 pm

… property deposits too high for many   Published by Property Wire on Monday, 23 May 2011   There are tentative signs that credit availability in the UK property market is improving as mortgage rates decrease and more products with a higher loan to value ratio come to the market, new research reveals. The gap […]

FSA bans four more brokers for mortgage fraud

Posted by on 23/04/2011 at 10:00 am

Published by Mortgage Strategy on Tuesday, 19 Apr 2011 by Natalie Thomas   The below article depicts clearly that one looking for mortgage need be open and honest and also should not allow for filing false details on his/her behalf. The consequences could be severe.   The Financial Services Authority has banned four mortgage intermediaries […]

Citi raises $530 mln for UK commercial property fund

Posted by on 12/02/2011 at 3:27 pm

  Fund offered to rich investors in EMEA, Asia; Seeking investments in UK commercial real estate   Published by Reuters on Thursday, 10 February 2011 by Chris Vellacott   LONDON, Feb 10 (Reuters) – Citigroup (C.N) has raised 330 million pounds ($530.9 million) via its private bank for a fund managed by Threadneedle that will […]

The abolition of stamp duty won’t stabilise the property market

Posted by on 11/02/2011 at 9:25 pm

Published by City Wire on Friday, 11 February 2011 by Sarah Miloudi   Proposals to scrap stamp duty tax in the UK should bring property into line with other classes of asset – in theory. But the Organisation for Economic Cooperation and Development (OECD) proposition to ditch the tax is unlikely to gain significant traction. […]

Is inflation the real threat to the UK property market?

Posted by on 21/01/2011 at 6:14 pm

Published by Property Community on Wednesday, 19 January 2011 by Ray Clancy   Over the last few months there has been major concern regarding the flow of funding to the UK mortgage market that has impacted on property prices and the demand for UK property. However, yesterday’s news that the consumer price index has risen […]

Housing Giant Helps First Time Buyers

Posted by on 18/01/2011 at 8:43 pm

Is Barratt REALLY helping? Just for 5% down payment and first-time buyers can have their own dreamed property. 80% mortgage from high street lender, a second 15% loan (this your parents will take), more like bridging, from Barratt with own contribution of only(?) 5% will make you a homeowner. This is 95% loan! I’m curious […]

Halifax Supports First Time Buyers

Posted by on 08/01/2011 at 8:24 am

Published by Mortgage Rates on Thursday, 6 January 2011 by Mark Johnston   The UK’s biggest mortgage lender, the Halifax has launched a new two year fixed rate mortgage. The loan has a 5.79% rate for first time buyers looking to get onto the UK property market. The Halifax has designed the mortgage especially for […]

Ireland’s ‘bad bank’ NAMA becomes one of world’s biggest property lenders

Posted by on 22/12/2010 at 10:00 am

Published by The Guardian on Tuesday, 21 December 2010 by # Lisa O’Carroll and Elena Moya   National Asset Management Agency takes over developers’ loans worth €70bn, acquiring some of London’s best-known landmarks including Battersea power station Ireland’s controversial new “bad bank” has overnight become one of the biggest property banks in the world after […]

Rents rise to record high

Posted by on 21/12/2010 at 8:49 pm

Published by The Local on Tuesday, 21 December 2010   The cost of being a tenant rose to a record high during November as rents increased for the 10th consecutive month, but costs dropped by 3.1% in East Anglia, research shows. The average UK rent jumped to £692 a month in November, the third month […]