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Latest News

:: 13-12-2006 ::
One in five confused over conveyancing ...
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:: 13-12-2006 ::
RBS rumoured to be phasing out The One Account ...
» read more...

:: 12-12-2006 ::
House prices to rise 7% in 2007, says RICS ...
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View all news



One in five confused over conveyancing
 
[13-12-2006] - Nearly one in five people do not know what they are paying for in a local property search, a poll commission by the Council for National Land Information Service (C-NLIS) has found.
 
 
RBS rumoured to be phasing out The One Account
 
[13-12-2006] - Royal Bank of Scotland is believed to be “phasing out” The One Account brand in Q1 next year.
 
 
House prices to rise 7% in 2007, says RICS
 
[12-12-2006] - House prices will grow by 7% and affordability and accessibility for first-time buyers will continue to worsen in 2007, says the Royal Institution of Chartered Surveyors housing market forecast.
 
 
House prices rose by 0.7% in November
 
[12-12-2006] - House prices rose by 0.7% in November and by 7.3% over the past 12 months, reveals the Financial Times House Price Index, which uses the most recent monthly data from the Land Registry.
 
 
Bank of England holds interest rate at 5%
 
[08-12-2006] - As widely expected the Bank of England has held interest rates at 5% after last month's 0.25% rate rise.
 
 
Pre Budget 2006: Affordable housing is new priority
 
[08-12-2006] - Chancellor Gordon Brown has named affordable housing as one of the government's key priorities in the decade ahead.
 
 
Rate change is unlikely, says RICS
 
[08-12-2006] - The Royal Institution of Chartered Surveyors predicts that Thursday's meeting of the Bank of England's Monetary Policy Committee is unlikely to produce a change in interest rates.
 
 
Pre Budget 2006: Chancellor promises 130,000 new homes
 
[08-12-2006] - The chancellor Gordon Brown has promised at least 130,000 new homes in an attempt to help new families get onto the housing ladder
 
 
atNationwide calls to raise Stamp Duty threshold
 
[05-12-2006] - Nationwide has called on Gordon Brown to increase the Stamp Duty threshold, at which the initial 1% tier of Stamp Duty tax paid on residential house purchases kicks in, in line with house price inflation.
 
 
Lenders still not increasing rates after base rate increase
 
[05-12-2006] - Lisa Taylor, analyst at moneyfacts.co.uk, says: “Three weeks on from the MPCs decision to increase bank base rate, we are still waiting for 39% of mortgage lenders and 20% of savings providers to announce any increase to their rates.
 
 
Commenting on the figures Fionnuala Earley, Nationwide's Group Economist, said:
 
[30-11-2006] - House prices jumped by 1.4% in November as the housing market refused to cool. As a result, the annual rate of growth rose to 9.6%, up from 8.0% last month. This is the highest rate of annual house price growth since February 2005 and means that house pri
 
 
October's gross mortgage lending up 6%
 
[29-11-2006] - Figures from the British Banker’s Association show October’s gross mortgage lending was was £18.9bn, some 6% higher than September's figure and 8% higher than the £17.5bn in October last year, although this annual growth largely reflects the growt
 
 
House prices ‘to rise 4%’ over 2007
 
[21-11-2006] - Average UK house prices are forecast to rise by 4% over 2007, Hometrack has reported
 
 
BoE hints at limited interest rate rise
 
[21-11-2006] - The Bank of England has indicated that interest rates do not need to rise significantly further in order to get inflation back inline with its 2% target.
 
 
Nationwide reports 34% increase in gross residential lending
 
[17-11-2006] - Nationwide’s half-year results show gross residential lending was up 34% to £14.5bn from the corresponding period last year
 
 
Nationwide reports 34% increase in gross residential lending
 
[16-11-2006] - Nationwide’s half-year results show gross residential lending was up 34% to £14.5bn from the corresponding period last year.
 
 
More rate rises to come, says CML
 
[14-11-2006] - The Council of Mortgage Lenders says it is not surprised by the decision by the Bank of England to raise interest rates from 4.75% to 5%.
 
 
UK interest rates increased to 5%
 
[09-11-2006] - The Bank of England has increased UK interest rates to a five-year high of 5% because of inflation concerns.
 
 
Only 1% of homeowners will be effected by interest rate rise
 
[08-11-2006] - Research carried out by the Personal Finance Research Centre and supported by Genworth Financial has found that just 1% of mortgage borrowers will be affected by an interest rate rise.
 
 
Homeowners urged to review fixed rates
 
[07-11-2006] - Over a million homeowners who took out a fixed-rate mortgage three years ago are being urged to review their deals now or risk seeing their repayments increase massively.
 
 
First-time buyer homes could hit £1m mark in 18 years
 
[07-11-2006] - First-time buyers could be facing a grim future, as new research from Stroud & Swindon shows first-time buyers could be forced to pay £1m for their first home in just under 18 years.
 
 
One in four parents can't afford their own home
 
[06-11-2006] - Alliance & Leicester has revealed that nearly a quarter of parents in the UK cannot afford to buy their own property, and rely on renting or living with their children’s grandparents.
 
 
Estate agents and homeowners differ on home improvements
 
[06-11-2006] - Research from Alliance & Leicester Personal Loans shows that consumers and estate agents are differing on their views on the type of home improvements that will add value to a property.
 
 
Government trial of HIPs starts today
 
[06-11-2006] - The government’s trial of Home Information Packs has started today, across six areas in the country
 
 
DCA reveals rise in mortgage possession figures
 
[06-11-2006] - The Department for Constitutional Affairs has revealed that the number of possession orders on mortgage arrears has risen by 15% in the last year.
 
 
House prices in market towns growing
 
[03-11-2006] - New research from Halifax Estate Agents has highlighted that 73% of market towns have higher average house prices than the neighbouring towns in their county.
 
 
Land Registry launches House Price Index
 
[03-11-2006] - The Land Registry has launched a House Price Index which only looks at the multiple sales of the same house, rather than looking at single sales within a time period.
 
 
SmartNewHomes.com has warned that a rate rise in November would dampen the market.
 
[01-11-2006] - David Bexon, managing director of SmartNewHomes.com, says: “A rate rise in November would seriously dampen the market at this crucial time when it is slowly starting to show signs of growth.
 
 
Law firm issues warning over Abbey's 5x income mortgage
 
[01-11-2006] - Reynolds Porter Chamberlain LLP, the insurance law firm has warned that the decision by Abbey and other banks to relax their mortgage lending criteria should put property valuers and their professional indemnity insurers on watch for negligence claims.
 
 
First-time buyers taking out 100% LTV increases
 
[31-10-2006] - The number of first-time buyers taking out mortgages in excess of 100% loan to value (LTV) has risen considerably, according to Mortgage Advice Bureau (MAB).
 
 
Living gets more expensive as life gets cheaper
 
[31-10-2006] - The cost of living in the UK has increased substantially in the last decade, up 16% on average, with house prices, petrol and tobacco the main contributors, shows research by Barclays Life Insurance.
 
 
House prices up 0.7% in October
 
[31-10-2006] - The Nationwide house price index for October shows house price growth was firm during the month with house prices up by 0.7%.
 
 
Interest Rate Rise is a good bet
 
[30-10-2006] - Gamblers have been betting on a rise in the Bank of England's Base Rate next month, with one online site giving odds of 53/50 in favour of a rise.
 
 
Government claims initiative to result in more housing
 
[26-10-2006] - The Government has claimed a new initiative to create more jobs and encourage business development could deliver 100,000 extra new homes over the next 10 years.
 
 
Independent advice even more popular, says IFAP
 
[26-10-2006] - IFA Promotion’s quarterly Advice Drivers has revealed that the demand for independent financial advice was 13% higher this summer than the last quarter.
 
 
A&L calls for regulation of buy-to-let
 
[26-10-2006] - Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester is calling for the buy-to-let market to be regulated
 
 
FSA warning over self-cert mortgages
 
[25-10-2006] - The Financial Services Authority (FSA) has warned intermediaries to make sure they comply with the FSA’s minimum standard on self-certification mortgages.
 
 
Paymentshield rumoured to have been sold for £180m
 
[24-10-2006] - Paymentshield is rumoured to have been bought by insurance company Towergate for £180m.
 
 
UK economy buoyant thanks to housing market
 
[23-10-2006] - The UK economy is looking very buoyant due to the continued strength of the housing and financial markets and growth in the UK labour force, reveals the Ernst & Young ITEM Club autumn forecast.
 
 
Hot summer may increase subsidence, warns BIBA
 
[23-10-2006] - The British Insurance Brokers’ Association has warned homeowners that the number of properties that suffer from subsidence and heave may dramatically increase this year thanks to the recording breaking hot summer.
 
 
Halifax reveals Northern Ireland as UK’s top property hotspot
 
[23-10-2006] - The latest Halifax House Price Index has revealed Newry and Antrim in Northern Ireland are the UK's top property hotspots with both recording a 46% rise in prices over the past year.
 
 
Government launches social housing refurbishment drive
 
[18-10-2006] - The government has given 38 English councils the go-ahead to transfer more than 94,000 homes during the next two years as part of its social housing refurbishment drive.
 
 
Lib Dems slam Tories for share Stamp Duty cuts
 
[18-10-2006] - The Liberal Democrats have attacked the Conservative Party for proposing to abolish Stamp Duty on shares rather than on property.
 
 
Brits spend 22 million hours window shopping for homes abroad
 
[18-10-2006] - British holidaymakers have spent almost 22 million hours in the past two summers gazing into foreign estate agent windows in search of the perfect property, new research shows.
 
 
FSA pledges to help people manage their finances better
 
[18-10-2006] - Young people, families, university students and workers are all being targeted by the Financial Services Authority's National Strategy for Financial Capability to help them to manage their finances better.
 
 
Government approves first home inspector certificate
 
[17-10-2006] - SAVA has received approval from the government to run the country’s first home inspector certification scheme, a major part of the consumer protection measures surrounding next year's introduction of Home Information Packs.
 
 
House prices in London rise by 7.3% says Nationwide
 
[13-10-2006] - The latest Nationwide residential house prices for Q3 2006 proved that the economy is booming, with increases to most house prices across the UK.
 
 
Estate agents play down RICS warning over gazumping
 
[13-10-2006] - Paul Smith, chief executive of haart estate agents, has spoken out against RICS’ latest housing market survey, denying there is a problem of gazumping in deals.
 
 
House prices rise by 1.6% in August
 
[10-10-2006] - The Department of Communities and Local government has released the results of its house price index showing that the mix-adjusted average house price in the UK in August 2006 stood at £197,631, up from £194,454 in July 2006.
 
 
Average UK homeowner could be liable for IHT in eight years
 
[09-10-2006] - Research from Stroud & Swindon has revealed that in just eight years house price increases could make the average UK homeowner liable for Inheritance tax.
 
 
One in five university students living at home
 
[08-10-2006] - The 2006 NatWest Student Money Matters survey shows that more school leavers than ever are living at home during their university years
 
 
Base rate expected to rise next month, says Abbey
 
[08-10-2006] - Although the Bank of England decided to hold rates at 4.75%, Abbey says it is widely expected that rates are likely to rise next month when the next inflation report is due.
 
 
Bank of England holds interest rate 4.75%
 
[08-10-2006] - The Bank of England's Monetary Policy Committee has held rates at 4.75% for the second month in a row.
 
 
First-time buyers place protecting their property above protecting themselves
 
[04-10-2006] - The Mortgage Advice Centre latest research shows that many, and first time buyers in particular, favour protecting their property above themselves.
 
 
House prices rise by 1% in September
 
[04-10-2006] - The Halifax house price index shows that house prices rose by 1% in September and are increasing at an annual rate of 8%.
 
 
51% of brokers predict base rate hold
 
[03-10-2006] - Over half of brokers expect rates to be held at 4.75%, representing a second successive hold, research by Mortgage Express has revealed
 
 
HomeBuy scheme too "small" says RICS
 
[03-10-2006] - The Royal Institution of Chartered Surveyors says the government’s HomeBuy mortgage scheme is so small that it will only help 20,000 buyers over five years.
 
 
Two million household struggle to pay Council Tax
 
[28-09-2006] - Over two million households are estimated to be struggling to pay Council Tax, reveals a report from the Warwick Institute for Employment Research for the Joseph Rowntree Foundation.
 
 
75% of potential first-time buyers in debt
 
[28-09-2006] - The majority of first-time buyers are in nearly £6,000 of debt and yet hope to get their foot on the housing ladder in the next two years, reveals a report from Alliance & Leicester.
 
 
House prices increase by 1.3% in September
 
[28-09-2006] - Nationwide says house prices have been unseasonably strong in September increasing by 1.3% in September, bringing the annual rate to 8.2%.
 
 
Housing market beginning to boom, says RICS
 
[28-09-2006] - Milan Khatri, chief economist at The Royal Institution of Chartered Surveyors says Nationwide’s house price figures confirm that the market is beginning to boom with inflation for the quarter to September running at the highest rate in over two years.
 
 
Mortgage regulation working, says FSA
 
[28-09-2006] - The Financial Services Authority says consumers are now actively shopping around for their mortgages and consumers understand the risks and features of the mortgages they take out.
 
 
Consumers shopping around for best mortgage says FSA
 
[27-09-2006] - Consumers are actively shopping around for their mortgages and consumers who receive Key Facts documents from mortgage firms can understand the risks and features of the mortgages they take out, says the FSA
 
 
36% of homeowners will still be paying off the mortgage at 60
 
[27-09-2006] - More than a third of homeowners face the prospect of working into retirement just to pay their mortgage, research from current account mortgage provider the One Account reveals
 
 
86% of public don't trust estate agents
 
[27-09-2006] - HousePrices.co.uk has revealed that a staggering 86% of the public do not trust their estate agent.
 
 
Stroud & Swindon launches 15-year fix
 
[25-09-2006] - Stroud & Swindon, has launched a 15-year fixed rate mortgage at 4.99% until 2021.
 
 
MPC voted unamimously to hold rates
 
[25-09-2006] - The Monetary Policy Committee voted unanimously in favour of maintaining the Bank rate at 4.75% at its last meeting on September 6/7.
 
 
Half of old people forced to sell their homes to fund care
 
[20-09-2006] - Two thirds of ‘baby boomers’, now aged between 45 and 65 face sacrificing their homes to pay for their future care needs.
 
 
Earnings rise by 3.7%
 
[18-09-2006] - Average earnings excluding bonuses or regular pay rose by 3.7% in the first two quarters of 2006, down from 3.8% in June.
 
 
GE launches 100% LTV on First National range
 
[18-09-2006] - GE Money Home Lending has launched 100% LTV on its First National product range.
 
 
Nationwide and Portman - the lid's off
 
[12-09-2006] - Until now the mutual sector has been a bit like a dormant volcano - radical restructuring has been on the agenda for a number of years as competition for mortgage business and the cost of regulation have taken their toll.
 
 
Inflation continues to rise
 
[12-09-2006] - UK CPI inflation rose to 2.5% in August from 2.4% in July and the headline RPI inflation rate, which includes mortgage interest payments, rose to 3.4% from 3.3% in July.
 
 
First-time buyers still struggling, says RICS
 
[12-09-2006] - The Royal Institution of Chartered Surveyors says the recent DCLG report demonstrates once again the difficulties faced by first-time buyers.
 
 
Nationwide and Portman to merge
 
[12-09-2006] - The boards of Nationwide and Portman have revealed they've agreed to merge and be named Nationwide Building Society.

This will be the biggest ever building society merger with the enlarged society being the UK's leading mutual organisation with total

 
 
House price inflation up 6% in July
 
[12-09-2006] - UK annual house price inflation in July 2006 was 6% up from 5.3% in June 2006, DCLG figures reveal.
 
 
Bank of England holds interest rate at 4.75%
 
[08-09-2006] - The Bank of England's Monetary Policy Committee has frozen the base rate at 4.75%.
 
 
House prices up 1.7% since July
 
[08-09-2006] - August has bucked the trend with a return of positive price growth across the new homes market, research from Smart New Homes shows.
 
 
Housing market buoyant, says haart
 
[08-09-2006] - The latest data from haart estate agents reveals that the average London house price has increased by 1.4% in August to £248,580 from £245,017 in July.
 
 
House prices rose by 1% in August
 
[08-09-2006] - The Halifax price index shows house prices rose by 1% in August.
 
 
Stamp Duty increases despite raise in threshold
 
[06-09-2006] -
Stamp Duty increases despite raise in threshold
 
 
75% population think IHT is unfair
 
[06-09-2006] - 75% population think Inheritance Tax (IHT) is unfair
 
 
TV programme slammed for being irresponsible
 
[05-09-2006] -
TV programme slammed for being irresponsible
 
 
MORE TH>N offers flood advice
 
[05-09-2006] -
MORE TH>N offers flood advice
 
 
Just 2% plan ahead for IHT
 
[05-09-2006] - Just 2% plan ahead for IHT
 
 
83% of teens confident about owning property, says IFAP
 
[05-09-2006] -
83% of teens confident about owning property, says IFAP
 
 
Regency Mortgagae Brokers Fined for Breach
 
[05-09-2006] - The Financial Services Authority has today fined Regency Mortgage Corporation £56,000 for failures relating to its sale of mortgage related payment protection insurance in the sub-prime market.
 
 
Cost of remortgaging over £1,000 says Abbey
 
[01-09-2006] -
Cost of remortgaging over £1,000 says Abbey
 
 
Cost of remortgaging over £1,000 says Abbey
 
[01-09-2006] -
Cost of remortgaging over £1,000 says Abbey
 
 
Nationwide slashes rates
 
[01-09-2006] -
Nationwide slashes rates
 
 
BoE figures reveal housing market in good health
 
[30-08-2006] -
BoE figures reveal housing market in good health
 
 
Buy-to-let market remains stable says Paragon
 
[24-08-2006] -
Buy-to-let market remains stable says Paragon
 
 
First-time buyers expect parental assistance
 
[24-08-2006] -
First-time buyers expect parental assistance
 
 
First-time buyers at risk when unemployment knocks
 
[24-08-2006] -
First-time buyers at risk when unemployment knocks
 
 
House price in Scotland rise by 1.1%
 
[24-08-2006] -
House price in Scotland rise by 1.1%
 
 
Employment at record high
 
[18-08-2006] -
Employment at record high
 
 
Mortgage lending highest ever for July
 
[18-08-2006] - Mortgage lending highest ever for July
 
 
Housing market looking good
 
[14-08-2006] - Housing market looking good
 
 
Bank of England may further increase interest rates
 
[14-08-2006] -
Bank of England may further increase interest rates
 
 
Northern Rock increase variable rates
 
[09-08-2006] - Northern Rock increase variable rates
 
 
Halifax increases SVR
 
[09-08-2006] -
Halifax increases SVR
 
 
First-time buyers pay highest on record, says CML
 
[09-08-2006] - First-time buyers pay highest on record, says CML
 
 
Halifax says house prices have increased by 0.2%
 
[03-08-2006] - Halifax says house prices have increased by 0.2%
 
 
BoE increases interest rates to 4.75%
 
[03-08-2006] -
BoE increases interest rates to 4.75%
 
 
65% of towns unaffordable for key workers
 
[01-08-2006] -
65% of towns unaffordable for key workers
 
 
90% of estate agents would welcome regulation
 
[01-08-2006] -
90% of estate agents would welcome regulation
 
 
House prices rise by 0.6% in July
 
[01-08-2006] -
House prices rise by 0.6% in July
 
 
Moneynet warns over lack of life cover
 
[01-08-2006] - Moneynet warns over lack of life cover
 
 
First-time buyers could face deposit shortfall of over £5,000
 
[24-07-2006] -
First-time buyers could face deposit shortfall of over £5,000
 
 
One million pensioners face debt in retirement, says Prudential
 
[21-07-2006] -

Over one million pensioners say they are facing retirement in debt,
averaging £15,500, research by Prudential has revealed.

 
 
HCRs to be scrapped as a mandatory part of HIPs
 
[19-07-2006] -
HCR's to be scrapped as a mandatory part of HIPs
 
 
Average house price to hit £300,000 in 2011
 
[18-07-2006] -
Average house price to hit £300,000 in 2011
 
 
7.7 million Brits allow strangers unsupervised in their homes
 
[18-07-2006] -
7.7 million Brits allow strangers unsupervised in their homes
 
 
House prices begin to stabilise
 
[14-07-2006] -
House prices begin to stabilise
 
 
 
Estate agents to be forced to join ombudsman or face ban
 
[14-07-2006] -
Estate agents to be forced to join ombudsman or face ban
 
 
UK couples risk losing thousands in IHT
 
[12-07-2006] -
UK couples risk losing thousands in IHT
 
 
125 MPs sign motion to stop HIPs
 
[12-07-2006] -
125 MPs sign motion to stop HIPs
 
 
FSA confirms Mercantile merger with Leeds
 
[12-07-2006] - FSA confirms Mercantile merger with Leeds
 
 
Remortgaging surges in May
 
[12-07-2006] - Remortgaging surges in May
 
 
ASDA launches home-buying and selling service
 
[12-07-2006] - ASDA launches home-buying and selling service
 
 
Rate fears reach record level, says Lloyds
 
[12-07-2006] -
Rate fears reach record level, says Lloyds
 
 
Halifax interested in Woolwich branches
 
[12-07-2006] - Halifax interested in Woolwich branches
 
 
Interest Rates remain @ 4.50%
 
[06-07-2006] - The Bank of England has held interest rates at 4.5% for the eleventh month in a row.
 
 
It is time to embrace no-fee mortgage brokers
 
[05-07-2006] -
A report released today advising clients to choose brokers who do not charge fees
 
 
Barclays to Axe Woolwich Brand
 
[29-06-2006] - Barclays is axing its Woolwich brand and cutting up to 1,200 jobs as part of a two year shake-up plan.

 

 
 
Halifax declares rate war
 
[28-06-2006] - “Halifax has dealt a blow to its high street rivals with a market-beating interest rate”.
 
 
Interest Rates - TO remain the same
 
[26-06-2006] -  Research by Mortgage Express shows brokers are split over whether rates will change at the next MPC meeting, with 53% expecting a rate hold, versus 47% expecting them to rise.
 
 
FSA - more to treating customers fairly than rules
 
[20-06-2006] -
FSA says there's more to TCF than following rules
 
 
Council Tax Collection Rates Imrpoved
 
[14-06-2006] - Council Tax and non-domestic rates collection have improved for the sixth successive year, figures out from the Department for Communities and Local Government show.

 

 
 
House Prices - 10% rise - 2007-2008
 
[01-06-2006] - House prices could rocket by 10% in 2007 and 2008 and lenders will start to offer 8 x income to first-time buyers.
 
 
Housing 'crash' looking remote
 
[10-06-2005] - The possibility of a 'crash' in the housing market is looking increasingly unlikely, experts believe.

Towards the end of 2004, the most hawkish forecasters were contemplating a fall in prices of up to 7% this year

 
 


 
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