General news (May 2012)

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3 in 4 Brits 'may use property to fund retirement'

Three-quarters of Brits would consider using their property to fund their retirement finances, a new poll by the Equity Release Council has revealed. Overall, 73 per cent of people would consider using housing equity in later life, with 257,168 retirees considering downsizing by 2017 and 59,347 looking into equity release.   Furthermore, the research suggests ...

28th May 2012

Art deco 'set to be big' in 2012

Art deco is set to be one of the biggest home interior themes in 2012 as homeowners look to the past for inspiration, one expert on the subject has predicted. Ellie Tenant, interiors journalist, acknowledged that everybody is talking about the Jubilee, and predicted that many people will be decorating in a temporary way for Jubilee tea parties with bunting and things. ...

21st May 2012

General news archive

Green Deal presents 'a number of opportunities'

The Green Deal can have a major impact on the residential property sector, as long as it is implemented properly, one expert has stated. Speaking at the GreenbuildExpo in Manchester, Gavin Dunn, from the Property and Energy Professionals Association, acknowledged that there are still "significant unanswered questions" and areas that still need to resolved. ...

18th May 2012

Property owners 'should shop around' when remortgaging

People considering remortgaging their property have been advised not to settle for the first deal they see and instead shop around to see what is available. Ben Wilkie, editor at What Mortgage, said there are two ways of going about the process, with the first being to get independent advice – a good idea for people who do not know a huge amount about the market. ...

17th May 2012

Average 90% LTV rates fall

The average rate of a 90 per cent loan-to-value (LTV) mortgage on a UK property has fallen steadily in recent years, according to the latest report. Research by Moneyfacts shows that the rate now stands at just 5.44 per cent, while the number of 90 per cent deals increased during the same time period, totalling 299 today, after standing at just 76 in May 2009. In May 2008, ...

16th May 2012

West London 'most popular' for Olympic rentals

West London is proving more popular than any other area of the capital for property rentals during the Olympic Games, a new report has revealed. Research carried out by ViveUnique found that 89.5 per cent of bookings for the Olympic period are for homes outside of East London, despite this being the area with the easiest access to the sites of the events. West London is the ...

10th May 2012

People 'should invest more' in home improvements

People should aim to spend more of their income on improving their home's interior and exterior and boosting its value, one expert has suggested. Andrew Leech, director at the National Home Improvement Council (NHIC), said that the state of the economy has meant that some DIY jobs have taken second place, which he describes as "really unfortunate". His ...

9th May 2012

Mortgage lender rate rises 'coming to an end'

The upwards rise in mortgage lender rates seen in recent months will gradually come to an end in the near future, it has been predicted. Ray Boulger, senior technical manager at John Charcol, said there was "quite strong demand" in the first two months of the year, driven primarily by the ending of the first-time buyer stamp duty relief. This not only meant that ...

3rd May 2012

Bank holiday weekends 'a great time for home improvement'

The Bank Holiday weekend presents people with the perfect opportunity to breathe new life into their property with some DIY in advance of summer, and possibly improve its value in the process, one expert has noted. Ellie Tenant, interiors journalist, explained that the Bank Holiday means people have an extra day off work, they can get all of the boring chores like laundry ...

3rd May 2012