18th September 2009
Every business benefits from marketing and the mortgage industry has long known this fact. Mortgage companies actively participate in marketing campaigns through the use of seminars, press releases, advertisements in the media, cold calling, various lead...
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Author:
Caitlina Fuller07th September 2009
Nationwide - the UK's largest building society, today revealed that this month saw house prices rise again for the fourth consecutive month, as the demand for houses continues to outweigh supply.
The latest figures from Nationwide showed that the aver...
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Author:
Sam Gooch07th September 2009
The amount of approved home-loans hit a 17-month high last month, which has sparked new claims that the housing market is emerging from recession.
Figures from the British Bankers' Association (BBA) showed that in July, banks approved 38,181 mortgages,...
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Author:
Sam Gooch30th August 2009
In a recent survey it was found that many people in the UK desire to own a home in some quiet countryside.
In the opinion of all those with such a dream, a countryside home brings the most happiness.
But the trouble for anyone hoping to translate th...
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Author:
Musa15th August 2009
Since the credit crunch, the mortgage market has been left suffering from a great freeze after more and more lenders became increasingly reluctant to lend.
As a result, a number of mortgage products such as the 100 per cent mortgage became extinct. Fir...
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Author:
Arti02nd August 2009
The housing market has shown further signs of improvement throughout the summer, recent figures have revealed.
A survey carried out by the Bank of England showed that the number of mortgages approved for house purchases last month rose from 44,169 in M...
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Author:
Which4u18th July 2009
After a (very) long winter, spring seems to have brought a touch of sunshine to American house prices. The latest Case Shiller indices were released last week and they showed that average prices continued to fall in April 2009: the ten city index was 0.7%...
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Author:
torcana.com@gmail.com05th July 2009
In today's economy, the property industry seems to have taken a beating. However, is this true for those businesses that sell property in Britain? Most people would probably assume they were hurting. However, you really have to research the trends of ...
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Author:
Robert Palmer28th June 2009
While there have been suggestions from some quarters that the recession may be coming to an end and the stock markets have become relatively stable, it appears many are still unwilling to take serious risks when it comes to investment.
The FTSE 100 Ind...
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Author:
Graeme Knights12th June 2009
This week the latest numbers for mortgages was revealed. Positive news for the number of new mortgages being issued as figures rose across the UK. This is of course good news as it shows lenders have increased lending however we have to be careful not to ...
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Author:
DTM11th June 2009
News about house prices come every month from various sources and all slightly vary. Here we look at who says what and why.
Let's start with Nationwide and Halifax. Both provide mortgages and their house price figures are based on their mortgage appr...
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Author:
Wheres My Property04th June 2009
Figures show that the downturn in Britain's mortgage market is crippling homeowners who are trying to get a new loan deal. The number of people succeeding in re-mortgaging has fallen by almost 50 per cent. The most severe drop since the credit crunch bega...
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Author:
michael challiner29th May 2009
Good news! Property prices increased by 0.9% last month and mortgage approvals rose to 37,937 in February, the highest since May 2008. Whilst this appears to be the end of the property downturn you need to look at the overall picture.
Property prices...
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Author:
Dat15th May 2009
Having a mortgage approved is getting easier with more mortgage products available and now smaller deposits are required. Good news for house buyers and house sellers.
There are at last signs that the mortgage market is beginning to ease its grip on it...
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Author:
Wheres My Property12th May 2009
In the past year, the property market has suffered a big blow as a result of the current financial crisis as lenders became more reluctant to approve mortgages.
According to Benjamin Williamson, of the Centre for Economics and Business Research, lendin...
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Author:
Arti06th May 2009
You may have read in the news today that mortgage lending has fallen again which is a blow for the country as many were hopefully of a recovery in the mortgage market. It may be just a small fluctuation that is common during a recession. It could take...
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Author:
cborthwick906th May 2009
It sounds audacious, doesn't it? The best defense against another mortgage debacle requires Joe The Homeowner to take charge of mortgage affordability.
We should have learned by now that we can't rely on Wall Street, financial institutions or banks for...
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22nd April 2009
A financial advice company has revealed that more than half of UK homeowners think that property prices will not increase until at least 2010.
Whilst 18% of respondents believe house prices will not go up until 2011, 40% of people thought the property ...
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Author:
catherine17th April 2009
Yet again another fall in house prices! Is the doom and gloom in property market ever going to end? The short answer is yes but in our opinion not in the near future and certainly not in 2009. Figures from the major banks did show a rise in mortgage ...
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Author:
devk10th March 2009
There has been much doom and gloom about the housing market in the news but with it there are also opportunities for some buyers and sellers. Here we round up the latest news on the housing market and look at whether it is yet a time to buy.
Accordin...
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Author:
Wheres My Property10th March 2009
There has been much doom and gloom about the housing market in the news but with it there are also opportunities for some buyers and sellers. Here we round up the latest news on the housing market and look at whether it is yet a time to buy.
Accordin...
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Author:
Wheres My Property22nd January 2009
House prices tumbled by a further 2.2 per cent in December, after falls of 2.6 per cent in November and 2.4 per cent in October according to figures from Halifax. Market experts had predicted a 1.7 per cent drop in December.
The forecast also suggested...
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Author:
Mildred Parker31st December 2008
The lending industry will often resort to offering great benefits on some of their products. Most of them may sound too good to be true, but keep on looking, do not act on impulse. There is a great offer and a lot of competition. Learn to distinguish a ...
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Author:
Amanda Hash02nd December 2008
Borrowing money is a bit of a sore subject at the moment, many people who need to are unable to because of the current lockdown on lending money in the UK. The reasoning behind this spreads far and wide with bank closures, financial bailouts and years of...
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Author:
Andy Adams17th October 2008
In 2006 the U.K. was enjoying an economic boom – our economic growth rate outstretching inflation by a strong margin - with further growth predicted. Consumer inflation stood at the 2% mark, wavering to 2.2% towards the end of the year, while our annual...
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Author:
RicReev17th September 2008
Considering the current economic climate and the state of the housing market, any new government policy is met with scepticism from the general public and, more particularly, homeowners. The housing crisis in the USA has had serious knock-on effects on th...
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Author:
Robert Palmer09th September 2008
Mortgage approvals hit their lowest in at least 15 years in July and the manufacturing sector shrank for a fourth straight month in August, surveys showed today."Prospects for the UK economy remain grim," said Michael Saunders, a Citigroup economist. "The...
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Author:
tugsearch08th September 2008
Lanzarote property seems to have peaked, and the formerly hot real estate market on the island appears to be cooling somewhat. This may indicate a slight downturn in the island's economy. It may also mean that now is a good time for overseas buyers to inv...
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Author:
Robert Palmer05th September 2008
Whilst the majority of the UK is struggling to make ends meet amid the credit crunch, there is a certain percentage of the housing market that is seemingly unaffected by the crisis as drops in prices hardly makes a difference. At the top end of the market...
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Author:
Robert Palmer27th August 2008
Approvals for home loans in the UK have hit the lowest level ever recorded for a single month. The blame has been set squarely on the credit crunch as lenders are not only finding it difficult to obtain the funds to lend to home owners but they seem unwil...
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Author:
michael sterios25th July 2008
House prices have dropped by 0.6 per cent in March, bringing the annual rate of house price growth down to 1.1 per cent, Nationwide has revealed.
The figures come amidst global financial instability and news that housing market activity is decreasing....
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Author:
Seamus Swords22nd July 2008
Analysts say that the property market for development finance UK is receding in price. Although that can be unbeneficial to some existing property owners, it also provides possible bargains for others. If you are looking for a bargain however, you need to...
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Author:
Cherry B17th July 2008
Recent research from the British Bankers Association revealed that mortgage approvals hit their lowest level since their records began in 1997, with less than 28,000 mortgages for homebuyers approved in May 2008 - a figure nearly 60 per cent lower than th...
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Author:
Daniel Collins16th July 2008
House prices in the UK are plunging, with fewer buyers looking to purchase properties. Those selling their homes have to compete with each other, and many are trying to undercut their prices to secure a sale. In addition those who are looking to buy are p...
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Author:
Danielle Fletcher15th July 2008
Large banks in Britain such as HSBC, Barclays and Nat West approved less mortgages in May since the same time in 1997. The cause of this is reluctant buyers, high asking prices and increasing household outgoings. The British Bankers Association said that ...
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Author:
Linsey Summers06th July 2008
Very bad mortgage lending statistics and a profit warning Bradford & Bingley yesterday underlined the crisis facing the housing market as the credit crunch continues.
The Bank of England said new mortgage approvals in April dropped to a record low, muc...
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Author:
Mildred23rd June 2008
A new poll shows that UK housing prices will fall 5% this year and market analysts believe that it could get worse as a result of the soaring consumer inflation which limits the scope for interest rate cuts.
The poll conducted by Reuters show that the ...
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Author:
Mildred18th June 2008
As a result of the recent much-publicised credit crunch, UK banks are now seeking to offer better interest rates on their savings accounts in order to attract additional customers and alleviate the loss of income from the falling numbers of mortgage app...
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Author:
mpressman02nd June 2008
New figures from the National Association of Estate Agents (NAEA) have shown that although the housing market in the UK is still performing well, buyers are adopting a more cautious approach to property investment.
The association states that during th...
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21st May 2008
There are absolutely no two ways about the fact that the current housing slowdown, coupled with tighter lending conditions that have been fuelled by the global credit crunch, has swept across the UK in the past few months. The Bank of England has stated t...
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Author:
Jim Brown15th May 2008
Mortgage approvals unexpectedly increased in January as house prices continued to fall. The Bank of England has released new data showing there were 74,000 mortgage approvals in January, which was up 2,000 from December. That month’s figure of 72,000 wa...
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Author:
Drew Swainston08th May 2008
Reading the latest stories of the alleged impending property apocalypse, it may seem to some that it is rather easy to ignore certain things that are going on in the market. What so many people involved in the buy-to-let industry really think and are plan...
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Author:
Assetz UK06th May 2008
Another day, another set of apparently gloomy property statistics. Yesterday we had the Land Registry and Moneyfacts house price figures for March and April respectively, with both showing monthly price falls and the former indicating an annual drop in pr...
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Author:
Assetz UK27th March 2008
The number of new buy-to-let properties coming onto Britain’s housing market has slumped for the first time in a decade, signalling fresh cash flow from lenders is drying up.
A survey by the Royal Institution of Chartered Surveyors shows new rental i...
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Author:
tugsearch13th February 2008
Those looking at the possibilities of investing in property in UK will be concerned with many issues. One will be the economy as a whole, with some doom-mongers still predicting that Britain will catch America's cold and plunge into recession. Others may ...
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Author:
Assetz UK06th February 2008
Despite trailing off towards the end of the year gross mortgage lending hit record levels during 2007, according to figures released by the Council of Mortgage Lenders (CML).
Although the organisation is warning that the market is weakening, it report...
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Author:
Adam Singleton14th November 2007
Fears over the state of the UK housing market are on the rise, prompted by the announcement from the British Bankers’ Association that mortgage approvals for September fell 14% compared to August.Total mortgage approvals for the month of September 2007 ...
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Author:
pmcindoe05th July 2007
Mortgage Approvals Fall
The number of new mortgages being approved has fallen to a twelve month low. One hundred and seven applications were approved in April down from one hundred and eleven thousand in the previous month.
High interest rates have...
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Author:
JamesQuinton29th June 2007
In an age where the interest rates are steadily increasing and the number of new mortgage approvals stand at a 12 month low, what does it take to get a mortgage? When deciding on which mortgage is right for you, there are several factors to consider, such...
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Author:
Andrew Regan11th May 2007
Over the last decade, the mortgage market in Britain has been transformed by a continually increasing demand for buy-to-let mortgages. Buy-to-let mortgages are usually taken out by people who already own a UK property, but are seeking to a buy a property ...
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Author:
Andrew Regan08th February 2007
In 2006, the growth of property prices in the UK stripped even the expectations of most property experts. A recent article in the Guardian newspaper, for example, highlighted that while many industry commentators predicted a 2 to 4 per cent rise in hous...
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Author:
martymac10th November 2006
According to the Nationwide building society house prices cooled slightly in October; the trend over the past quarter demonstrated by the Halifax also shows a slow down in UK house prices from June through to August. However, Nationwide believes that t...
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Author:
Andrew Regan08th August 2006
Summary of news:
The FTSE-100 will open flat this morning amid investor caution ahead of HSBC's results today and the Bank of
England's interest rate decision Thursday.
IG Index reckons the FTSE 100 is seen opening 0.4 points lower at 5,974-5,980 a...
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Author:
Debbie Forward
