For sale news (October 2011)

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Latest For sale news

Mortgage approvals rise in September

Building societies and other mutuals are continuing to support homebuyers and savers against the backdrop of continued economic uncertainty, according to the Building Societies Association (BSA), following new figures published by the organisation. The data shows that both the value of mortgage approvals and gross lending in September 2011 were at their highest level for ...

31st Oct 2011

New build property demand 'is strong'

There is currently healthy demand for new homes in the UK, and this is likely to continue in the months ahead, according to one specialist. New homes expert Vernon Pethard said that demand for new-build property is "strong", noting that interested in this segment of the property market has doubled in the last 12 months and is continuing to grow, with no sign of a ...

28th Oct 2011

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Housing market confidence 'will be hit'

The UK housing market is likely to suffer from a lack of public confidence in the next year, it has been claimed. According to property expert Jane Marr, the "feel good factor" of people's perception of job security, inflation and the cost of living will play a "significant role" in how the property market performs in the near future. Her comments ...

28th Oct 2011

Rental property is 'a secure investment'

The strong demand for rental property at the moment means that the buy-to-let market is a "relatively profitable and secure investment" for landlords, it has been claimed. David Lawrenson, private rented sector expert at LettingFocus.com, said that despite headlines about the rising rates of private rents, the demand is still there for rental property due to the ...

18th Oct 2011

FTBs to receive more help

More help is set to be offered to first-time buyers (FTBs) in Scotland, as the housing minister Keith Brown has announced an extra £4.65 million has been allocated to the Open Market Shared Equity (OMSE) scheme. This will help those on low to moderate incomes into home ownership, Mr Borwn explained, noting that in the past four years the Low-Cost Initiative for First ...

14th Oct 2011

Conservatories 'create plenty of extra space'

Despite the belief that conservatories can only add minimal amounts to house prices and do not significantly increase value, this is not necessarily the case, one specialist has noted. Graham Lock, a property expert, said that with the current state of the market as it is, it is becoming more popular to add a conservatory because this effectively gives people an extra room. ...

7th Oct 2011

Lenders 'believe interest rates will stay low'

The majority of lenders believe that interest rates in the UK will remain low for the foreseeable future, one expert has suggested. Ben Wilkie, editor at What Mortgage, said the record-low fixed-rate mortgage deals on property for sale at the moment are "as good as they seem". His comments followed the publication of a report by moneysupermarket.com, which noted ...

5th Oct 2011

FTBs 'have little to cheer about' at the moment

There is currently little for first-time buyers (FTBs) in the UK to cheer about, according to one expert. Katy John, press officer for PricedOut.org.uk, said it is still too early for the average first-time buyer to be positive about their chances of entering the housing market, despite new figures form Hometrack offering cause for optimism The data showed that a shift in ...

4th Oct 2011