Home values news (April 2012)

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Latest Home values news

Small changes 'make a big difference' to home values

People hoping to boost the value of their home or make a quick sale can speed up the process considerably by making a few small changes to their property , it has been found. According to the 2012 HSBC Home Improvement Survey, many homeowners have misconceptions regarding factors which may help them to sell their property, and should spend less time cleaning windows and ...

30th Apr 2012

Interest rates 'may not change for three years'

The base interest rate in the UK may not change until 2015, according to one expert who has predicted the impact this will have on the mortgage market. Ray Boulger, senior technical manager at John Charcol, explained that fixed-rates bottomed out around the turn of the year and they have been moving up over the last three months. Therefore, while rates are still "well ...

26th Apr 2012

Home values news archive

Brits 'opting for long-term fixed mortgages'

British homeowners are increasingly opting to take put long-term fixed mortgages on new properties , the latest figures suggest. Research compiled by moneyfacts.co.uk shows that the average rate for a five-year fixed mortgage has decreased over the past year from 5.59 per cent to 4.86 per cent. It is also lower than the figure recorded in April 2010, when the average rate ...

25th Apr 2012

Gross mortgage lending rises in March

There was a significant increase in gross mortgage lending in the UK in March, according to the latest report issued by the Council of Mortgage Lenders (CML). The data shows that gross mortgage lending was an estimated £13.4 billion, which represents a 30 per cent rise on the £10.3 billion recorded in February and a 17 per cent rise on the £11.4 billion ...

24th Apr 2012

Well-designed kitchens 'boost home values'

New kitchens that are designed in the right way can help to significantly improve home values , one expert on the subject has pointed out. Alexi Sugden, founder of Egerton Designs, said that kitchens are likely to be the biggest single investment in any refurbishment, and range in cost from around £3,000 from a high street supplier to as much as £50,000 for a ...

23rd Apr 2012

Committing mortgage fraud 'is madness'

People who commit mortgage fraud are taking a big risk and are very unlikely to be successful, it has been noted. According to Catherine Hearnden, director at MyMortgageDirect, checks on mortgage applications are improving and so fraud is being discovered more. Her comments came after a report by Experian revealed that fraudulent applications for mortgages increased by ...

20th Apr 2012

'Balance taste and added value' with improvement projects

Property owners considering embarking on a DIY project have been advised to try and achieve balance while they are carrying out the work in order for it to be as successful as possible. Anna-Marie DeSouza, editor of Build It + Home Improvement magazine, said that people need to be "sensible" and work out what they can add to their home that will improve the price ...

19th Apr 2012

Building an extension 'requires careful thought'

People thinking of adding an extension to their property have been advised to bear some things mind before embarking on the project. Andrew Leech, director at the National Home Improvement Council, said that property owners must first consider what their budget is going to be and then approach their local authority and ask them whether there are any space restrictions. ...

17th Apr 2012

Mortgage costs fall in Scotland

The last few years have witnessed a fall in the cost of mortgages in Scotland, according to one sector expert who believes this trend may continue. Dianne Paterson, property partner at Russel + Aitken, said she disagrees with recent figures published by the Bank of Scotland, indicating that the typical annual cost associated with owning and running a home in Scotland stood ...

16th Apr 2012

UK remortgage enquiries rise

The number of people in the UK looking to remortgage has hit an all-time high, according to the latest figures. A report by unbiased.co.uk shows that 37 per cent of all searches on unbiased.co.uk's 'find a mortgage adviser search' were related to remortgaging in March 2012, compared to 33 per cent in February 2012 and 31 per cent in March last year. Commenting ...

13th Apr 2012

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