Zoopla property news (January 2012)

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Property sellers 'need to be competitive'

People with property for sale in the UK need to be as competitive as possible to ensure their home sells in the weeks and months ahead, one specialist has advised. UK property expert Selwyn Lim said that some property buyers are choosing to be "particularly picky" at the moment, which means that sellers need to up their game if they are to boost their chances of ...

31st Jan 2012

Average UK house price stands at £195k

The average cost of buying a home in the UK currently stands at £195,196, according to the latest analysis of data by leading analysts. The Assetz House Price Watch index, which uses figures from LG, LSL Acadametrics, Halifax and Nationwide, shows that December saw the biggest monthly fall in prices last year, with property values down one per cent. Prices over the ...

30th Jan 2012

Property news archive

LTV lending hits 'solid' 80%'

There has been a rise in the number of mortgage lenders offering more than 20 buy to let mortgages, with loan to values (LTVs) up to 80 per cent, according to new data from the sourcing tool Mortgage Flow. According to the organisation, from December 2008 to May 2010 the highest achievable LTV for a buy to let mortgage was just 75 per cent, until Mortgage Works introduced a ...

27th Jan 2012

Long-term mortgages 'are increasingly attractive'

UK property owners are increasingly being attracted to long-term mortgages, according to one sector expert. Ben Wilkie, editor at What Mortgage, made the comments after the Norwich and Peterborough Building Society launched a new ten-year fixed-rate mortgage, which is the lowest ever on the market. The new mortgage product is available at a best buy rate of 3.99 per cent ...

27th Jan 2012

New landlords 'must be aware of responsibilities'

Landlords who are new to the lettings market need to be aware of all of their responsibilities in order to be successful, according to one market specialist. David Lawrenson, private rented sector expert at LettingFocus.com, said it is a good idea to use a reputable and respected letting agent, as they are usually reliable and landlords can be sure they have levels of ...

27th Jan 2012

Mortgage lending outstrips overall market lending

Annual growth of 1.5 per cent in the banks' net mortgage lending continued to outstrip annual growth of 0.6 per cent across the whole lending market in December, the latest industry figures have revealed. Data issued by the British Bankers' Association showed that December's £9 billion of new mortgages was the strongest month of last year, being 12 per ...

26th Jan 2012

Rental market 'hard to predict' in 2012

It is hard to predict what will happen in the UK rental market in 2012, according to one expert on the subject. Peter Bolton King, chief executive at the National Federation of Property Professionals, said the rental market is "all over the place" at the moment. He explained that some members are reporting in a lot of areas there is a "real shortage" of ...

26th Jan 2012

Brits show increasing confidence in UK property market

The UK public is upbeat about the property market for 2012, according to new research into buying intentions for the year ahead. Data compiled by Santander Mortgages reveals that eight per cent of Britons, or 3.7 million people, believe they are likely to successfully purchase new homes in 2012. Overall, 53 per cent of potential buyers feel more positive about their ...

25th Jan 2012

End of stamp duty holiday 'could boost new home sales'

The ending of the stamp duty tax holiday in the spring could lead to a small increase in the number of transactions for new homes in the UK, it has been claimed. First-time buyers were reminded by the National Association of Estate Agents (NAEA) that the government's holiday on stamp duty land tax will come to an end on Saturday March 24th 2012. According to Gary ...

25th Jan 2012

Buy to let 'generating high yields' in 2012

People thinking of investing in buy to let property may find that focusing on the north of England is the best bet, according to one expert. Tanya Powley, of FT Money, said there are some areas and towns where landlords can actually get "a very high yield", with the highest being 7.6 per cent observed Burnley. She noted that a lot of the higher buy-to-let yields ...

24th Jan 2012

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