New data that was just released from Moneyfacts reveals that home buyers now have access to some of the lowest fixed rate deals available on the market since 1989. Mortgage rates all over the place have dropped down to the lowest they have been in 24 years, even for first time buyers that can only […]
Category: House Prices
Fixed rate mortgage rate predicted to fall
As some fixed rate mortgages are being priced as low as 1.5%, mortgage experts are tentatively predicting that rates could be about to drop to brand new lows. The pricing war on home loans has really started to pick up speed die to the government Funding for Lending Scheme (FLS). Nationwide dropped rates down to […]
UK mortgage approvals rise in January
UK mortgage approvals are at their highest level in the last 11 months with January of 2012 showing a high amount of approvals. This suggests that the Government Funding for Lending Scheme (FLS) may be actually helping home buyers get onto the mortgage market. Bank of England figures show that mortgage approvals increased up to […]
Nicholas Boles has to answer for statements made on Newsnight
Nicholas Boles has spoken in front of a committee which asked him several questions regarding his recent statements on BBC Newsnight. Earlier this month Boles stated that the housing problem in the country can easily be solved by building properties on 2-3% of England’s land. Boles added that currently the country’s residential areas are underdeveloped […]
Less British owners of British homes
The evidence from numerous studies and analysts’ reports seems to indicate that Britain is losing ground in the home ownership race. Literally. The percentage of British householders who actually own their residence has dropped rather than risen over the past several years. Observers reporting on the trends are using the term ‘Generation Rent’ to describe […]
Fixed mortgages are on the increase again
As banks continue to hike up their lending rates, fixed mortgages are once again climbing for the ninth month in a row as borrowers are shying away from more risky loans such as variable mortgages. In fact, borrowers who wait until next month to secure their final mortgage loan may find that rates will increase […]
Floating houses is a new home building technique
The terrible havoc of recent flooding across the UK has affected the life of many householders who are now desperately trying to keep water away from their properties, but all is in vain. Despite of their struggling hard, water is entering into their properties, making things worse than ever for them. Most of homeowners are […]
Property is still a plausible investment
For decades, many financial advisors have always stated that the safest investment on the market is property, because when you invest in property you own something solid and physical that can actually be seen. It is true that today you can still see a physical investment if you choose to invest in the property market, but with […]
Tandridge is now the least affordable place to live in the UK
According to the latest survey by the Halifax, the least affordable place to live in the whole of Britain in Tandridge. The average price of a house in the area is £661,064 but the average wage is a mere £27,000. When comparing house prices against income, the Halifax has decreed that Tandridge is the worst […]
House prices in the UK hit a 2 year high in October
According to the most recent data from the RCIS, Royal Institute of Chartered Surveyors, has shown that the balance of UK house prices has risen from -14 to -7 during October, the highest level recorded for over 2 years. This rise came mainly from a rush of enquiries which rose from 5 to 18, which […]