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Bank of England 'may cap mortgage ratios'

It is possible that the Bank of England could intervene and cap the maximum mortgages available to borrowers in order to stop another credit crisis, it has been claimed. The potential move was announced by chancellor George Osborne, who said the Financial Services Bill would give a new Bank of England committee powers to alter the maximum loan-to-value ratios in mortgage...

4 hours ago

Millions to be spent building new homes in north-west

A multi-million pound investment to build new homes in the north-west has been announced by Manchester City Council.

The Greater Manchester Pension Fund (GMPF) is set to pay for the construction costs, which will total around £25 million and see as many as 250 new properties for sale or rent being built in...

4 hours ago

Property news archive

Track and fix mortgages 'can keep costs down'

People can help to keep their monthly outgoings down by choosing track and fix hybrid mortgages, which are an "excellent" option, one expert has claimed.

For first-time buyers in particularly, track and fix hybrid mortgages will keep costs down now, and stop them spiralling in a few years if rates do go up, said Catherine Hearnden, director at...

7th Feb 2012

Tenants 'staying in rental property for longer'

Tenants in the UK are looking to stay in rental property for increasingly longer periods of time, it has been claimed.

Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, said that there has been a substantial increase in tenancy periods in recent years and this may be set to continue for the foreseeable future.

He explained: "If you go...

7th Feb 2012

Prime central London property continues to rise

There has been another rise in the average value of prime central London property as the market continues to exceed expectations.

According to the latest data issued by Knight Frank, the price of prime central London residential property rose by 0.9 per cent in January, with the

6th Feb 2012

Good lighting in and around the property 'is essential'

Making sure that a home has great lighting both inside and outside the building can have numerous befits, one expert has stated.

It can range from providing a simple solution to locating door keys at the end of the working day to helping create a great ambience inside, explained Natalie Timmerman, spokeswoman for Light IQ.

"Consider you are...

6th Feb 2012

Govt housing announcements 'are very positive'

The latest announcement by the coalition about more land being made available for new homes to be built is great news for the industry, one sector body has noted.

The Department for Communities and Local Government has revealed that land for up to 80,000 new homes has been identified, while all buyers will now be...

3rd Feb 2012

UK housing market confidence booms

There has been a boom in the number of people expressing confidence in the UK's property industry and its future prospects, a new poll reveals.

A survey carried out by Agency Express shows that all 12 major UK regions saw significant double-digit growth in new 'for sale' listings recorded in January, compared to...

2nd Feb 2012

Property activity increases in private rented sector

Buying and selling activity in the UK's private rented sector increased in 2011, according to the latest industry figures from the Association of Residential Letting Agents (ARLA).

The data reveals that the proportion of landlords that sold a property in the 12 months to Q4 2011 stood at eight per cent, compared to just...

2nd Feb 2012

Competitive pricing 'hugely important' when selling a home

It is extremely important that people putting their home on the market make sure it is competitively priced, one expert has claimed.

Dianne Paterson, property partner at Russel + Aitken, said that UK house prices are unlikely to change much in 2012 and so sellers who are...

2nd Feb 2012

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