Zoopla property news (November 2011)
Latest property news
Borrowers 'more optimistic' about house prices
The UK's mortgage customers are more optimistic about house prices in the coming months, according to a new industry survey. In Knight Frank/Markit's House Price Sentiment Index (HPSI), the organisations highlighted that borrowers are showing more confidence in house prices after Bank of England hinted that the rate rise is now off the agenda. According to the data, ...
17th Nov 2011
Good schools and jobs 'boost house prices significantly'
Good schools and job opportunities can have a major effect on house prices in the UK, according to one expert who has noted that is will always be the case. Property expert Helen Adams made the comments after a new report from Lloyds TSB revealed that average property prices in market towns across England have risen by 103 per cent since 2001, which is equivalent to an ...
16th Nov 2011
Property news archive
London 'has hotspots' for property investors
There are plenty of 'hotspots' in London that provide excellent investment opportunities for buy to let landlords, according to a new study. The report from Knight Frank entitled London Hotspots: Residential development opportunity areas, predicts that certain areas such as Hammersmith, Marylebone, Fitzrovia, Earl's Court and White City will receive major ...
16th Nov 2011
Mortgage indemnity guarantee "a good solution" for FTBs
The reintroduction of a mortgage indemnity guarantee (MIG) scheme could provide a "good solution" for many first-time buyers (FTBs), according to one expert. Andy Pratt, chief operating officer at independent mortgage adviser Alexander Hall, said MIG has been a good solution for many buyers in the past and there is no reason why it shouldn't be the same going ...
15th Nov 2011
Fixed-rate mortgages 'unlikely to fall'
Fixed-rate mortgages are unlikely to fall any further in the near future, according to one expert who has said that now is as good a time as any for prospective UK property owners to take one out. Ben Wilkie, editor at What Mortgage, made the comments after new data from the Council of Mortgage Lenders revealed that loans for both house purchase and remortgage fell slightly ...
15th Nov 2011
Property prices in market towns 'are rising'
House prices in market towns have risen dramatically in recent years and look set to continue to do so, presenting excellent opportunities for investors, new figures show. According to data from Lloyds TSB, average property prices in market towns across England have risen by 103 per cent from £114,718 in 2001 to £233,416 in 2011, which is equivalent to an ...
15th Nov 2011
Property prices 'hampering some landlords'
Some UK landlords hoping to expand their portfolio are currently being hampered by property prices , according to one expert. Julie Blakeman, an expert in property to rent , said most of the landlords she has spoken to are "sitting tight" at the moment. Landlords who are on good variable rate mortgages are making more money now than they ever have been, but that ...
14th Nov 2011
Sustainable construction 'is falling in cost'
The cost of sustainable building has fallen significantly across the UK, according to one specialist who has predicted many positive things for the sector. Richard Addenbrook, managing director of Sense of Space Architects and a representative of the Association of Self Build Architects, said sustainability is becoming more important during the planning of new homes . ...
14th Nov 2011
London remains popular for property investors
Prospective landlords looking to invest in property have been told that London still remains a safe bet, with some areas proving to be particular hot spots for investment. Richard Bowser, editor of Property Investment News, a monthly real estate magazine, said that London will continue to be a magnet for long-term investment in residential property. He explained that houses ...
11th Nov 2011
Buy-to-let mortgages increased in Q3
The number of new buy-to-let loans increased by 16 per cent in the third quarter of 2011, the latest figures published by the Council of Mortgage Lenders (CML) has revealed. Figures also showed that the value of mortgages taken out by landlords grew by 19 per cent, meaning that the pick-up in buy-to-let mortgage uptake witnessed in the second quarter of the year is ...
11th Nov 2011