For sale news (April 2012)
Latest For sale news
A good credit rating 'vital' for FTBs
It is essential that people hoping to take their first step onto the property ladder have a good credit score, according to one expert who has advised prospective homeowners to do 'all they can' to boost their rating. Catherine Hearnden, director at MyMortgageDirect, said that first-time buyers (FTBs) need to have a "squeaky clean" credit rating. ...
30th Apr 2012
FTBs 'expect to be 37' when buying first home
The average age at which people expect to be taking their first step onto the property ladder is 37, according to the latest survey. A poll of UK adults who do not currently own a property carried out by MoneySupermarket.com revealed that people expect to be an average 37 when they finally become first-time buyers (FTBs). Some 41 per cent of respondents, equivalent to eight ...
24th Apr 2012
For sale news archive
FTB numbers 'on the rise'
The number of first-time buyers (FTBs) entering the UK property market is on the rise, according to the latest report from the Council of Mortgage Lenders (CML). Data published by the organisation shows that lending to first-time buyers and home movers increased in February, with first-time buyers taking the bigger increase. Some 14,100 loans worth £1.7 billion were ...
18th Apr 2012
Sunshine boosts the UK housing market
The UK housing market benefitted from the unseasonal sunshine witnessed at the end of March, according to the latest report. Data published by the Royal Institution of Chartered Surveyors shows that new buyer inquiries rose substantially last month, with nine per cent more estate agents reporting increases in demand, rather than decreases. Overall, a tenth of surveyors ...
10th Apr 2012
Young people 'saving aggressively' for deposits
Young people are currently doubling their efforts to save up for a deposit for a new home, according to one expert who has observed a trend in the market. Stuart Law, chief executive at property investment adviser Assetz, commented: "We are seeing early stage evidence that young people in their 20s are looking at purchasing property more aggressively than they were a ...
10th Apr 2012
Lenders 'must innovate' in FTB mortgage market
The UK's lenders need to be more innovative in their approach in order to boost the mortgage market for first-time buyers (FTBs), it has been claimed. Andy Pratt, chief operating officer at Alexander Hall, said that there are currently some "fantastic" rates available for buyers who have low loan to values and some very good flexible products, so this is the ...
9th Apr 2012
UK mortgage approvals 'on the rise'
The number of mortgages being approved in the UK has risen once again, according to the latest figures published by HSBC. Data compiled in the report reveals that the organisation approved £4.9 billion in mortgages to UK borrowers during the first quarter of 2012, which is nine per cent more than the same period in 2011. According to HSBC, it is the highest number of ...
3rd Apr 2012
'Consider transport links' when buying property
People purchasing property as an investment or even for their own use have been advised to take into account transport links beforehand. Jon Neale, head of residential research at Jones Lang LaSalle, said that investors need to look out for transport links and new infrastructure that is coming in, as well as journey times. People should also think about the amount of ...
2nd Apr 2012