News Tag: November 2009
January 14, 2010
Home buyers needed to use less of their income to cover their mortgage interest in November than at any time for more than five years, the Council of Mortgage Lenders (CML) has reported.
Home movers were particularly well placed, typically needing only 10.6% of gross income to cover mortgage interest payments, down from 11.1% in October.
According to the CML, ...
Mortgages at their most affordable in five years
by Gill Montia
January 13, 2010
New research from The Department of Communities and Local Government (DCLG) claims that in November 2009, UK house prices were 0.6% higher than a year earlier, having leapt 1.7% since October.
Using the three-month-on-three-month measure, the value of a typical home increased by 3.5%, compared with 2.6% in the quarter to the end of August.
The average cost of a ...
Government figures put annual house price rise at 0.6%
by Gill Montia
January 5, 2010
Latest Bank of England statistics indicate that the recovery of the UK housing market is being maintained, with the number of mortgages approved for house purchases rising to 60,518 in November 2009 (October 57,718).
The figure is more than double that recorded a year earlier (27,330) and at its highest since March 2008.
In terms of value, November house purchase approvals totalled £8.3 ...
House purchase mortgage approvals maintain headway
by Gill Montia
December 1, 2009
Nationwide has published the first of the November 2009 house price surveys, claiming that the average cost of a UK home rose 0.5% during the month, to £162,764.
The seventh consecutive monthly increase follows an identical rise in October and takes annual house price inflation to 2.7%.
The building society remarks that the UK labour market has so far held up better than expected and ...
House prices up 0.5%
by Gill Montia
November 19, 2009
Bovis Homes achieved 1,488 private reservations in the year to 13th November 2009, an 83% rise on the comparative figure for the same period in 2008.
The group also says it anticipates legally completing around 1,800 sales in 2009, of which 1,500 are expected to be private homes (compared with 1,223 a year earlier) and around 300 social homes (compared ...
Bovis reservations 83% up on the year
by Gill Montia
November 17, 2009
In a trading update covering 1st July to 16th November 2009, Persimmon has announced that trading activity levels have continued ahead of last year.
The group, which includes Charles Church and Westbury, described sales volumes over recent weeks as "satisfactory", having been maintained from the "encouraging" levels seen in the summer months.
In addition, prices have held firm and forward sales are ...
House builder Persimmon sold out for 2009
by Gill Montia
