Latest News: Mortgages, Property and Finance
NOTE: The news below is syndicated from: This is Money | Finance Markets | Hot Property. Lincolnshire Money is not responsible for the content of the external websites or news feeds shown below.
This is Money | Mortgages & homes
House price trends, property analysis and best-buy mortgage deals- House sales drop by half in a year
The number of homes sold has halved in a year, and repossessions have increased three-fold in three years, according to new figures ... - Mortgage advisers fail borrower checks
An undercover investigation into mortgage advisers has shown up shocking incompetence, with many failing to carry out proper checks on borrowers' ability to repay loans ... - Mortgage fees leap by 20% in a year
Mortgage borrowers hunting out the best deals are being hit by soaring costs with arrangement fees leaping by 20% over the past year ... - House price tables: Who says what?
Find out what is happening to house prices with This is Money's tables of latest house price figures and predictions from the major reports ... - Buy or rent: The property waiting game
With mortgages hard to come by, it's little wonder the London rental market is booming, but should you wait to buy a property? ... - House prices down average of £18,000
The average asking price for a home has dropped by up to £18,000 since May, research reveals today ...
Finance Markets: Finance News - UK Personal Financial News & Financial Markets
Finance Market News and Information- Former Barclays chairman joins Northern Rock
Former vice chairman of Barclays, Gary Hoffman, has been named as Northern Rock’s new chief executive. Newcastle-based Northern Rock will pay Mr Hoffman almost £2 million over two years to manage the crisis-torn bank. Mr Hoffman’s basic salary is £700,000 plus three separate payments of £400,000 in compensation for the loss of his participation in Barclays’ [...] ... - Which? exposes incompetent mortgage advice
Which? has been investigating competency among mortgage advisers and has found that many are omitting to check information on clients’ abilities to meet repayments. The consumer group sent its researchers to gather advice from banks, estate agents and independent mortgage advisers. Acting as first-time buyers, they visited 24 banks, 13 estate agents and 13 independent mortgage advisers [...] ... - New mortgage approvals decline 66% year-on-year
The British Bankers’ Association (BBA) has released figures for mortgage lending in June, showing that the number of new home loans approved by the UK’s leading lenders fell 23% in a month. In May, BBA members approved 27,499 new home loans but the figure declined to 21,118 in June, representing a 66.9% fall on the same [...] ... - June house sales slump by 45%
The number of house sales completed in June of his year fell by 45% when compared with the same period of 2007. According to HM Revenue & Customs, which requires notification of all transactions over £40,000 for stamp duty purposes, 140,000 homes were sold in June of last year, with the figure declining to 77,000 for [...] ... - Sub-prime lender offers cash-back on mortgage redemptions
One time subprime mortgage specialist, Edeus, has taken the unusual step of offering cash-back to selected customers who redeem their mortgages. The lender closed its doors to new business last year and has been struggling to sell its loans to investors in mortgage-backed securities. Much of the debt is in the sub-prime sector and the market for [...] ... - Mortgage fees rise 20% in a year
Research from price comparison website, mform.co.uk, shows that the arrangement fees applied to the most competitive mortgages on the market have increased by an average of 20% during the past 12 months. The average fee paid buy borrowers for a best-buy product has risen from £738.33 in August 2007 to £889.69. For three-year fixed-rate deals the rise [...] ...
Hotproperty - Property News
Latest property news from Hotproperty.- Status anxiety hits homeowners
Two in three Brits in their 30s and 40s are now suffering from status anxiety about their homes, according to research from Standard Life Bank. Living in a house that looks good and is located in the best area a ... - Commons vote fails to shake HIPs
MPs have voted down a move by the Conservatives to derail the introduction of home information packs (HIPs) in advance of the 1 June go-live date. HIPs, which are expected to cost the vendor of each home for sale upward ... - Mortgage lending slows
The housing boom could at last be showing signs of a slowdown. Latest figures released from the Bank of England show that mortgage ... - Moving stress costs economy
Recent research has found that over 40 per cent of us feel we are less productive at work when going through the process of purchasing a home. Your Move asked a cross section of purchasers who had just completed the home buying process about their ex ... - House of Lords signals HIPs 'concern'
The latest report of session by the House of Lords Merits of Statutory Instruments Committee on home information packs (HIPs) has called into question ‘whether the HIP Regulations will effectively achieve their policy objective’. ... - Concerns over inheritance tax continue
Gordon Brown’s plans to increase the nil rate threshold on inheritance tax by a minimal amount has raised concerns. In the latest budget, the Chancellor set out his proposals to keep the tax in place until at least 2011 and concerns that ...
Residential Landlord - UK property investment news
The Residential landlord RSS news feed delivers essential and up to date news on all matters relating to investment property, and the UK buy to let market. This feed is aimed at UK based landlords and property investors alike.- Requests get stranger as tenants demand more for their money
A survey by fish4homes reveals that the UK is a nation of demanding house-hunters and that Residential Landlords can often expect strange requests from tenants seeking accommodation. 72 percent of those surveyed also revealed they have farfetched ideas of what we will get for their money. ... - Novice letting agents could put landlords and tenants at risk
A substantially slowing sales market has lead to many estate agents who have never before dealt with residential lettings to begin doing so in order to supplement their income. As demand for letting services increases, independent letting agents Leaders and the Association of Residential Letting Agents (ARLA) are urging the public to... ... - HIPs provider withdraws from market
The Government’s housing policy of Home Information Packs (HIPs) suffered another setback this week following the news that a major HIP provider is withdrawing from the market. The HIP Facilities Group and its subsidiary HIP Payment Services have announced that they are closing their operation down due to uncertain outlook and the housing market slump. ... - Minimise arrears risk by carrying out reference checks
The National Landlords Association (NLA), the trade association for landlords, is warning landlords of the real risk of rental arrears if they fail to carry out appropriate checks on prospective tenants. A situation where a tenant fails to pay rent could take up to six months to resolve... ... - Dogs banned from 75 percent of buy to let properties
Results from the Dogs Trust charity’s nationwide survey into the problems of renting with pets, (Renting With Pets Survey) showed that 75 percent of dogs have been excluded from rented accommodation. The UK Pets organisation, reporting on the findings on its website... ... - NLA takes action to help landlords face energy performance certificate legislation
UK residential landlords will face considerable fines if they fail to provide tenants with an energy performance certificate (EPC) from October 2008, warns The National Landlords Association (NLA). The total amount for UK landlords could exceed £500 million and will come as a shock to many buy to let investors. ...