Asking prices of properties new to the market have not risen in May – and this is the first time in a decade that this has happened. Rightmove says it is unique in the ten years that it has been in existence that new sellers in May have not raised their asking prices, and it warned that the market has lost its traditional spring momentum earlier than usual...
Monday 21 May 2012
The cost of a NewBuy mortgage is 25% more expensive than the cost of renting. A new research paper from the property analyst firm Hometrack, says that the repayment costs are higher than those of an equity scheme such as FirstBuy, as well as being more expensive nationwide than renting...
Monday 21 May 2012
A new insurance policy has been launched to protect home buyers and owners from breaches of planning regulations that may have been committed in the past without their knowledge...
Monday 21 May 2012
Building of new housing has fallen sharply this year. According to the Office for National Statistics, there were 24,140 house-building starts in the first quarter, down 11% on the previous quarter...
Monday 21 May 2012
Former Countrywide boss Harry Hill’s company In-Deed has bought one of the country’s top ten firms of licensed conveyancers for up to £4m after admitting that it had failed to make headway in its original ambitions...
Monday 21 May 2012
Countrywide, the UK’s largest estate agent and mortgage broker, has called for the Government to introduce mortgage lending targets. The call, by financial services director Nigel Stockton, follows warnings from the Bank of England that mortgage rates are set to rise...
Monday 21 May 2012
An advert which suggested that people would do better to put their money into bricks and mortar than keep it in the bank has landed an estate agent in trouble...
Monday 21 May 2012
Just five homes have been sold between six of the UK’s biggest house builders under the Government’s flagship NewBuy scheme. However, house builders remain upbeat, claiming that 400 sales are in the pipeline...
Monday 21 May 2012
The banking syndicate led by Royal Bank of Scotland which financed asset lender Davenham Group stands to lose up to £46.8m. Davenham went into administration last autumn, and now a statement of affairs from its former directors shows that although the company owed its backers £69m at the time, only around £22...
Bridgebank Capital have reiterated their policy not to charge upfront administration costs for processing bridging loan applications, whilst emphasising that they do not load fee charges for themselves onto third party disbursed costs such as Valuation Fees or Legal Fees...
Stamp Duty Land Tax Planning All properties purchased in the UK are subject to Stamp Duty Land Tax (SDLT)...
Bridgebank Capital are delighted and encouraged to report that they continue to break New Business Activity levels and record that enquiries and applications for Q1 2012 were up 27% on the previous year...
V Loans, the national secured loans packager, has expanded its in house underwriting capability with the appointment of Frances Ravenhill to join V Loans’ team at its Wilmslow Head Office...
With many of last year’s winners still basking in their achievements, entries are now being invited for the What House? Awards 2012, considered to be the Oscars of the UK’s housebuilding industry...






