For sale news (January 2012)

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Property sellers 'need to be competitive'

People with property for sale in the UK need to be as competitive as possible to ensure their home sells in the weeks and months ahead, one specialist has advised. UK property expert Selwyn Lim said that some property buyers are choosing to be "particularly picky" at the moment, which means that sellers need to up their game if they are to boost their chances of ...

31st Jan 2012

LTV lending hits 'solid' 80%'

There has been a rise in the number of mortgage lenders offering more than 20 buy to let mortgages, with loan to values (LTVs) up to 80 per cent, according to new data from the sourcing tool Mortgage Flow. According to the organisation, from December 2008 to May 2010 the highest achievable LTV for a buy to let mortgage was just 75 per cent, until Mortgage Works introduced a ...

27th Jan 2012

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Long-term mortgages 'are increasingly attractive'

UK property owners are increasingly being attracted to long-term mortgages, according to one sector expert. Ben Wilkie, editor at What Mortgage, made the comments after the Norwich and Peterborough Building Society launched a new ten-year fixed-rate mortgage, which is the lowest ever on the market. The new mortgage product is available at a best buy rate of 3.99 per cent ...

27th Jan 2012

Mortgage lending outstrips overall market lending

Annual growth of 1.5 per cent in the banks' net mortgage lending continued to outstrip annual growth of 0.6 per cent across the whole lending market in December, the latest industry figures have revealed. Data issued by the British Bankers' Association showed that December's £9 billion of new mortgages was the strongest month of last year, being 12 per ...

26th Jan 2012

Brits show increasing confidence in UK property market

The UK public is upbeat about the property market for 2012, according to new research into buying intentions for the year ahead. Data compiled by Santander Mortgages reveals that eight per cent of Britons, or 3.7 million people, believe they are likely to successfully purchase new homes in 2012. Overall, 53 per cent of potential buyers feel more positive about their ...

25th Jan 2012

Prime London property values hit record high

Residential values across the whole of prime London property ended 2011 on a record high, according to a new report by Savills, which shows house prices rose by 1.1 per cent in the final quarter of the year, taking total annual growth to 14.1 per cent.  This compares to annual growth of 7.2 per cent in 2010, and is a rise on the 13.6 per cent recorded across the 12 ...

19th Jan 2012

UK property market 'has positive signs'

There are currently positive signs in the UK property market for people considering stepping onto the housing ladder or progressing up it, one analyst has noted. Selwyn Lim, a UK property expert, made the comments after a new report revealed that that the first week of 2012 saw asking prices rise by 1.4 per cent in the UK. There was also a record level of search activity, ...

18th Jan 2012

Country homes market set for a 'stable' 2012

The market for country homes in the UK is set to remain stable this year, with no real fluctuations, particularly in the first six months, one analyst has predicted. Hadley Lyas, director at Fine & Country Homes, explained that there was a stable market last year in local areas and this is likely to continue in the first half of the year, with the possibility of small ...

18th Jan 2012

Home affordability 'the best since 1997'

Home affordability is currently at its best level since 1997, according to the latest report from Halifax. Mortgage payments for a new borrower in the second half of 2011 were at their lowest as a proportion of disposable earnings for 14 years, reveals the Halifax Affordability Review, which tracks housing affordability for all homebuyers in 386 local authority districts ...

16th Jan 2012

Number of FTBs rises in 2011

The number of first-time buyers (FTBs) in the UK rose in 2011, largely driven by a growth in loan-to-value (LTV) lending, it has been claimed. Those are the findings of a new survey carried out by e.surv, which revealed that there were 32 per cent more loans with a deposit of 15 per cent or under in 2011 than in 2010, as lending conditions for FTBs improved. Overall, there ...

12th Jan 2012

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