Home values news (September 2011)

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Latest Home values news

Over-50s 'will use property as equity'

Over a third of people aged over 50 in the UK are planning to use their home as equity, a new report has revealed. Research by LV= today reveals that 31 per cent of over-50s, or two million people, are set to use the equity in their home to help supplement their retirement income in the future. This is up from 1.5 million people in 2010, with 36 per cent of this demographic ...

28th Sep 2011

Fixed-rate mortgages 'may be a good idea'

Property buyers looking at the range of finance options open to them may be a wise to go for a fixed-rate mortgage if they can commit to the term, two experts have claimed. Speaking on the BBC Money Box programme, Jane King, mortgage advisor from Ash-Ridge Asset Management, said it is fair to say five-year deals have become more competitive in the last few months. "If ...

27th Sep 2011

Home values news archive

Best opportunities for FTBs 'in the north'

Some of the finest opportunities for first-time buyers (FTBs) in the UK are in the north of England, according to a new UK property reports carried out by Halifax. The study shows that, while the average age of a first-time buyer in the UK is 29, there is almost a decade's difference between some areas of the country. It shows that the youngest first-time buyers are in ...

26th Sep 2011

People struggling with mortgages 'should consult lenders'

In the present economic climate, many UK property owners may be struggling to keep up with their mortgage repayments, and for these people it could be advisable top speak to their lender, one expert has suggested. According to Catherine Hearnden, director at MyMortgageDirect, there are many options open to people in this situation, from slightly altering the terms of the ...

22nd Sep 2011

UK house prices fall for 15th consecutive month

House prices in the UK have fallen for the 15th consecutive month, according to the latest industry report issued by Knight Frank and Markit. The September House Price Sentiment Index (HPSI) shows that house prices are perceived to have fallen for the 15th consecutive month in September, though at the slowest pace since July 2010. In addition, expectations for house price ...

21st Sep 2011

Downsizing property 'can be difficult'

Downsizing UK property in order to raise equity can be far more difficult than some people imagine, according to one expert on the subject. David Wright, managing director at independent financial adviser Sixty Plus, said downsizing is one of the most obvious alternatives to equity release He explained that his organisation always raises it as a subject with clients to make ...

21st Sep 2011

Equity release 'could be considered' by property owners

UK property owners could consider equity release in the coming months as the cost of living continues to spiral, it has been claimed. Andrea Rozario, director-general at Safe Home Income Plans (Ship), said the proportion of property owners struggling in the current climate is one of the "massive drivers" for equity release. His comments came after analysis by ...

20th Sep 2011

Struggling property owners 'still have mortgage options'

There are still many alternative options to UK property owners who are struggling with their mortgage at the moment, one expert on the subject has pointed out. According to Ben Wilkie, editor at advice organisation What Mortgage, if interest rates remain low then the country is likely to avoid a hike in the number of homes being repossessed. His comments followed the ...

16th Sep 2011

UK house prices rise in August

The average price of UK property rose in August to defy experts' predictions that there would be another drop in British house prices , the latest study reveals. Research carried out by LSL shows that the average cost of purchasing a UK home was £219,078 last month, an increase of 0.3 per cent on July, when average prices were £218,404. The annual price ...

15th Sep 2011

July house purchase lending 'highest for 11 months'

Lending for property purchases rose by both volume and value in July compared to the previous month, according to new data released by the Council of Mortgage Lenders (CML), reaching the highest level for 11 months. Overall, the value increased from £6.9 billion to £7.3 billion and the volume from 47,800 to 48,800, both of which were at their highest since last ...

13th Sep 2011

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