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Sunday 06th of March 2011

News Tag: mortgage finance

January 13, 2011

Barratt homebuying scheme allows parents to borrow on behalf of kids

by Gill Montia
Barratt Developments has announced a tie-up with Hitachi Capital (UK) that will allow parents to borrow money to help their children onto the property ladder. The developer claims the scheme is unique in the market, having been specifically designed to address current mortgage restrictions on loan-to-value ratios. Barratt sold 4,832 homes during the second half of 2010, compared ...

July 15, 2010

Mortgage constraints & economic uncertainty bedevil new housing market

by Gill Montia
Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period. Private completions fell to 9,455, compared with 11,133 in 2008/09; social housing completions stood at 1,870 as against 2,069 and joint ventures were down from 75 to 52. However, the developer's cancellation rate settled out at 18% in ...

July 6, 2010

Mortgage fears erode housing market confidence

by Gill Montia
Concerns over mortgage finance are gnawing away at confidence in the UK housing market, according to Zoopla.co.uk. In a recent survey by the property website, 78% of respondents expected house prices to rise by the end of the year, down from 81% three moths ago. Thirty four per cent of those questioned named a shortage of mortgage finance as the biggest continued threat ...

April 7, 2010

Britons confident of house price gains

by Gill Montia
Britons appear to have regained their confidence in the UK housing market with new research claiming that four out five people expect house prices to continue rising during the next six months. According to property website, Zoopla.co.uk, optimism is at a two-and-a-half year high, with the average increase predicted at 5.7%. The firm's commercial director, Nicholas Leeming, says: "With the bad weather behind ...