Home values news (October 2011)

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Latest Home values 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

UK house prices set to fall in 2012

House prices across the UK are set to fall by five per cent next year, and will show little growth until 2014, the latest UK property report has noted. The new Knight Frank report shows that, in real terms, when adjusted for CPI inflation, house prices will have fallen by 29 per cent from the peak of the market by 2015 and are unlikely to regain the levels seen in 2007 ...

28th Oct 2011

Home values news archive

Housing policies should create 'real choice' for the elderly

There are few options open to elderly people who are looking to downsize their property at the moment, according to the Chartered Institute of Housing. Domini Gunn, director of public health and vulnerable communities at the organisation, said there are few "genuine alternatives" for many older people who wish to downsize. She argued that the country's housing ...

27th Oct 2011

FTBs 'should consider the north'

People struggling to get on the housing ladder could consider moving up north, according to a one specialist who has said this may solve problems for many people. Selwyn Lim, an expert on UK property prices , said that it is currently becoming even harder for first-time buyers to access the housing market in the south. It follows the publication of the latest Quarterly ...

25th Oct 2011

30-year mortgage terms 'could be impossible'

It could be almost impossible for lenders to offer a 30-year fixed-rate mortgage deal with attractive terms in the current marketplace, according to one industry expert. Ray Boulger, senior technical manager at UK independent mortgage adviser John Charcol, said this is probably not a feasible option at the moment. His comments followed a speech by housing minister Grant ...

24th Oct 2011

Boosting energy efficiency 'is easy'

It is easy for householders to boost their energy efficiency without having to take drastic measures, such as moving houses, one expert and TV personality has suggested. Eco warrior Philippa Forrester, a former presenter of Tomorrow's World and other TV shows, said people can start with really basic things like draught excluders and gathering wood for the wood burner, ...

12th Oct 2011

CML: UK remortgaging on the rise

Both house purchase lending and remortgaging are on the rise in the UK, according to the latest figures from the Council of Mortgage Lenders (CML). The data showed that remortgaging continued to increase in August, as 34,100 loans were taken out worth £4.2 billion, with both the volume and value more than 30 per cent higher than August 2010. It noted that house ...

11th 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

Second home buyers 'can create ghost villages'

The increasing number of rural properties being bought as second homes is forcing young people away from some areas and resulting in the creation of "ghost villages", it has been claimed. That is the opinion of a spokesman for the Campaign to Protect Rural England, who pointed to a new Halifax report showing that property prices in the countryside are an average ...

5th Oct 2011

Buy to let outlook 'is positive'

The outlook for buy to let homeowners in the UK is currently very positive, according to one specialist who has noted how the practice has increased in popularity significantly in recent years. Buy to let property expert Roger Southam made the comments after the coming of the phrase 'buy to let' reached its 15th anniversary in September 2011, and the expert said ...

3rd Oct 2011