Category Archives: Industry News
Mortgage Lending Increases
On the 20th February it was reported in the Express and Star that: Mortgage lending was 10% higher than a year ago during January as first-time buyers rushed to complete deals before the end of a stamp duty amnesty. The … Continue reading
Stamp duty holiday ends
The stamp duty holiday is soon to end for first time buyers. The following article was posted on moneyfacts.co.uk on 24th January 2012: First time buyers have been urged to move fast if they want to beat the stamp duty … Continue reading
House Sales Increase
On Wednesday 21st December it was written in The Express and Star that: Home sales hit their highest level of the year so far in November, figures from HM Revenue and Customs (HMRC) have shown. Some 85,000 homes were sold … Continue reading
RICS report increased enquiries
Graham Ruddick wrote in The Daily Telegraph on 13th December 2011 that the: RICS reports more house buying enquiries. The number of people making enquiries about buying a home in the UK is rising at the most sustained rate since … Continue reading
Paying mortgage is cheaper than renting
Paul Farrow wrote in The Daily Telegraph on 14th December 2011: Mortgage repayments are cheaper than rental bills but many first-time borrowers can’t get a mortgage. Renting a home is cheaper than buying in just three of Britain’s 50 biggest … Continue reading
Shropshire Commumnity Infrastructure Levy
Bruce Attwood, associate partner of estate agency Berriman Eaton in Bridgnorth, said he believed the possible introduction of the Shropshire Community Infrastructure Levy could have a significant impact on the housing market, for all the wrong reasons. “Developers and individuals … Continue reading
Latest housing strategy by the government – review by the NAEA
GOVERNMENT HOUSING STRATEGY NOV 2011 The Government published a rather weighty housing strategy review last week. One of the points in it is a Mortgage Interest Guarantee for First Time Buyers purchasing a brand new property. This is something that … Continue reading
Property Stamp Duty Suggested Reforms
David Wighton in The Times writes the Institute of Fiscal Studies (IFS) suggests scrapping stamp duty and reforming council tax. Today’s banding system favours the rich – if you live in a house valued at£320,000 in 1991, you’ll pay the … Continue reading
How Long Before I Can Claim Land As My Own?
Mail On Sunday – By Ross Clark I have been trying to get adverse possession of a fenced-off piece of land at the bottom of my garden since I bought my house in 1981. The land was owned by a … Continue reading
Dream Homes, But Loan Nightmares
Mail On Sunday – By Neil Simpson Most lenders have informal lists of property types they reject for mortgages. Banks justify this by saying they fear the properties in question will be hard to sell if they are repossessed. But … Continue reading