|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    25th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Property News feed Property News

All Financial News feed All Financial News




News Tag: residential

November 4, 2009

UK’s million pound properties slide away

by Gill Montia
...




October 20, 2009

Distressed sales surge in Midlands and the North

by Gill Montia
”Distressed
Property Portfolio Rescue (PPR) has published its latest UK distress index, showing a surge in the number of distressed home sellers in major cities in the Midlands and the North. In the three months to the end of September, the index rose by 60% in these regions, compared with the same period of 2008. According to the residential landlord, enquiries from ...




March 8, 2009

AFB demands action on second mortgage market

by Gill Montia
AFB demands action on second mortgage market
The Association of Finance Brokers (AFB) is lobbying the Government to better regulate the second and subsequent charge residential lending market. Second charge loans, known as "homeowner loans", involve consumers with existing mortgages taking out further personal borrowing, secured against their home. A recent publication from the Office of Fair Trading proposes new guidance for the sector. However, the AFB, which says it ...




February 20, 2009

Home repossessions up 54%

by Gill Montia
Home repossessions up 54%
Home repossessions rose to 40,000 during 2008, according to data from the Council of Mortgage Lenders (CML). The figure is up 54% on 2007, although 5,000 fewer than forecast. The CML attributes the respite to mortgage lenders making "strenuous efforts" to ensure that repossession is used as a last resort. The body also points out that the figures included a proportion of abandoned properties, cases ...




August 21, 2008

HMRC admits to error in UK house sales figures

by Gill Montia
HMRC admits to error in UK house sales figures
Monthly residential property statistics published by the Government will not be appearing in August because errors have come to light. Under stamp duty requirements, HM Revenue & Customs (HMRC) is advised of completed UK property transactions where values are £40,000 and above. The latest update on house sales was scheduled to be published on 21st August but according to a ...




June 18, 2008

Carsberg Review recommends optional HIPs

by Gill Montia
Carsberg Review recommends optional HIPs
A new report on the residential property sector in England and Wales is recommending a number of reforms for the property buying and selling industry. The Carsberg Review was commissioned by the Royal Institution of Chartered Surveyors, the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents. It criticises the system of voluntary regulation in the residential property sector for ...




June 16, 2008

UK residential property loses £1bn a day

by Gill Montia
UK residential property loses £1bn a day
Zoopla.co.uk, the property valuation website, is suggesting that UK residential properties have lost a combined £300 billion in value since the housing market peaked, in September 2007. The firm's database contains details of 26 million dwellings and the estimate of each property's value is based on a variety of factors including current asking prices, property characteristics and economic climate. According to Zoopla, ...




June 10, 2008

Three-year decline could take 50% off UK house prices

by Gill Montia
Three-year decline could take 50% off UK house prices
Analysts who specialise in futures trading are forecasting a minimum three-year decline in UK residential property prices that will take 50% off values in real terms. According to experts who predict long-term investment potential, the process will begin with a 10% fall in house prices during 2008, followed by a 10.5% drop in 2009. Prices could then bottom out ...