|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    17th of January 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Mortgage News feed Mortgage News

All Financial News feed All Financial News




News Tag: new build

March 12, 2012

NewBuy mortgage scheme launched

by Jan Harris
XXX
The government launched its NewBuy scheme today, to help people afford a mortgage on a new property. The mortgage indemnity scheme will help people borrow up to 95 per cent of the value of new homes, for example on a newly built £200,000 property they would have to provide a £10,000 deposit. Since the credit crunch many potential house purchasers have struggled to afford a mortgage, ...




January 16, 2012

Property coming to market at record low levels

by Jan Harris
Property coming to market at record low levels
Despite record levels of search activity on its website this month, estate agency Rightmove reports that the number of new homes being put up for sale has fallen to the lowest level ever recorded. More than 44 million property searches were carried out on Rightmove’s site during the first ten days of 2012, a 27% increase compared ...




November 22, 2011

Concerns raised over mortgage guarantee scheme

by Jan Harris
Concerns raised over mortgage guarantee scheme
Lenders and financial experts have highlighted a number of potential problems with the Government’s mortgage indemnity scheme, which was announced yesterday. Banks and building societies have commented that the scheme was rushed through with insufficient thought, while financial commentators warned that first time buyers taking advantage of the scheme could end up owning a house which could plummet in value. Initially, ...




September 9, 2010

Barratt completions take a tumble

by Gill Montia
”Barratt
Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period. Furthermore, over the 10 weeks since the group's financial year end, net private reservations averaged 0.48 per active site per week, down from 0.51 in the same period of 2009. Cancellation rates remained low, at an average of 11% (2009: 12.3%), and ...




September 2, 2008

New regulations for property valuations

by Gill Montia
New regulations for property valuations
New regulations aimed at preventing inflated property valuations have come into force this week. The measures are aimed at protecting mortgage lenders who have in the past become the victim of deliberately inflated valuations. In the case of new build city centre flats and apartments, prices have plummeted in the past year because of a combination of oversupply and fraudulent mortgage applications backed ...




June 20, 2008

NHA urges action on new builds and mortgage rescue scheme

by Gill Montia
NHA urges action on new builds and mortgage rescue scheme
The National Housing Association (NHA), which represents 1,300 not-for-profit housing associations in England, is asking the Government to use up to £1 billion to buy new homes from housing developers who cannot sell the properties they have built. The sale of new homes has plummeted since the beginning of the year and many developers have mothballed new projects. It ...




June 11, 2008

CML acts on new build property valuations

by Gill Montia
CML acts on new build property valuations
The Council of Mortgage Lenders (CML) has published plans that will sharpen up lending practices in relation to new homes. From 1st September, new standards for the professionals who act for lenders on newly-built property transactions will apply. They aim to ensure that valuations and conveyancing procedures reflect the market value of a property and to make it more difficult for ...