For sale news

Myleene Klass to sell £2.5m Hertfordshire property

Myleene Klass is seeking buyers for her £2.5 million home in Hertfordshire after breaking up with her husband, it has been reported. The 34-year-old mother of two recently broke up with her bodyguard husband Graham Quinn after six months of marriage and has now put the five-bedroom property on the market, the Daily Mirror reported. The luxury pad is likely to attract ...

14th Jun 2012

Strong desire for homeownership remains

There remains a strong desire for people in the UK to own their own home, according to the latest data published by the Council of Mortgage Lenders (CML). In spite of the economic and financial difficulties stemming from the credit crunch, 81 per cent of British adults hope to be homeowners in ten years' time, while 74 per cent aspire to it within two years. The data ...

13th Jun 2012

Clydesdale and Yorkshire Bank offer fee free mortgages

From today (June 11th) Clydesdale and Yorkshire Banks are aiming to boost conditions for first-time buyers with the launch of a fee free mortgage offer. Each bank has arranged to waive arrangement fees for customers looking to take a new mortgage or switching to Clydesdale or Yorkshire Bank before July 14th, with the organisations claiming it will represents a saving of ...

11th Jun 2012

New mortgage information rules approved

The Economic and Monetary Affairs Committee has approved proposed new rules to ensure that house buyers are properly informed before taking on a mortgage. Under the proposals, house buyers would be offered mortgages that are tailored to their needs, while the rules would ensure that their creditworthiness is properly assessed. In addition, buyers who fail to repay a loan ...

8th Jun 2012

The average Brit 'will move house 8 times'

The average person born in the UK will move house a total of eight times during their life, but will not end up too far from where they started, the latest report suggests. Research carried out by Bosch showed that people will travel 32 miles during each move, and eventually will live in a house that is 63 miles away from their birthplace. It seems that people stay true to ...

1st Jun 2012

UK property 'easy to buy' in some areas

There are some areas of the UK where it is easy to buy property, and people hoping to get on the property ladder need to be aware of these pockets if they are to succeed, it has been advised. Catherine Hearnden, director of MyMortgageDirect, said that there is a distinction between parts of the north-west and parts of Wales, but there are pockets in every area. "Even ...

1st Jun 2012

Property buying preferences 'are changing'

There has been a shift in the property buying preferences of people in the UK, with the trend moving away form city centre flats and towards larger homes in the suburbs, one sector body has commented. Steve Turner, head of communications at the Home Builders Federation, said he has observed a shift in the mix of homes over the last few years, which he attributes partly to ...

30th May 2012

Long-term tracker mortgages 'may work out cheaper'

People on the hunt for a new mortgage may want to consider a long-term deal, as these may provide better value, one expert has advised. Ray Boulger, senior technical manager at the independent mortgage adviser John Charcol, said that good cases can be made for either a tracker or a fixed-rate. With people buying new property, the likelihood is that in most cases they are ...

29th May 2012

Potential property buyers 'waiting for the perfect mortgage'

Many prospective homeowners are currently holding out until they find the perfect mortgage to suit them, one expert on the subject has observed. Ben Wilkie, editor at the advice site What Mortgage, noted that gross mortgage lending fell slightly after the end of the stamp duty holiday in March, and said this is "not surprising". He explained that many people were ...

23rd May 2012

Gross mortgage lending up on last year

Gross mortgage lending in the UK is up on this time last year, according to the latest report from the Council of Mortgage Lenders. The data shows that gross mortgage lending was an estimated £10.2 billion in April, which is two per cent higher than the £10.0 million recorded in the same month last year. Overall, lending in the UK fell by 19 per cent from the ...

21st May 2012

Latest For sale news