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23rd of October 2010
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News Tag: buyers

October 18, 2010

Asking prices up 3% in October, say Rightmove

by Kay Murchie
Asking prices up 3% in October, say Rightmove
Property website, Rightmove, has today reported a rise in asking prices in October - after three months of falls. According to Rightmove, asking prices for residential property in England and Wales rose 3% and the group attributed the rise to vendors refusing to adjust to new market conditions. Rightmove warned sellers that increasing their asking prices is not the way forward ...




October 5, 2010

Fears for mortgage lending under proposed reform

by Kay Murchie
Fears for mortgage lending under proposed reform
The Council of Mortgage Lenders (CML) has today warned that proposals by the Financial Services Authority (FSA), to encourage responsible lending, could mean even more buyers are locked out of the market. City Watchdog, the FSA, has previously announced plans to restrict mortgage lending, in a bid to prevent reckless borrowing. The FSA has already proposed affordability tests for all mortgages to ...




September 16, 2008

First-time buyers rely on parental support

by Gill Montia
First-time buyers rely on parental support
Price comparison website, Moneysupermarket.com, has reported that over 50% of the first-time buyers that approach mortgage lenders using its site are receiving financial support from parents. Those attempting to get a foot on the property ladder have been particularly hard hit by borrowers raising deposit requirements and according to research from Moneysupermarket, parents are providing help with initial costs, such as deposits, ...




September 11, 2008

Barratt tempts buyers as profits slide

by Gill Montia
Barratt tempts buyers as profits slide
Housebuilder Barratt Developments has announced a range of sales incentives. The company's pre-tax profit fell by 68% in the six months to the end of June as unsold stock languished on its books. In an effort to tackle the lack of confidence in the property market that is keeping its showroom carpets pristine, the builder is offering to pay stamp duty on houses ...





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