Home values news (May 2012)

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Latest Home values news

Property prices 'have been very resilient'

House prices in the UK have been "staggeringly resilient", according to one expert who said that any major fluctuations in the coming months are unlikely. Paul Holmes, chief executive officer at the mortgage advice organisation Firstrung, said there is still a lot of "puff and air" being blown into the market and hype from certain analysts about what ...

31st 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

Home values news archive

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

Olympic infrastructure 'could drive the property market'

There is a strong chance that the Olympics could drive the east London property market, according to one sector analyst. Liam Bailey, head of residential research at Knight Frank, said that he does not expect the Olympics itself to have an impact, but the fact that there will be improved infrastructure will help the area. "Once the Olympics are finished and you can ...

24th 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

Residential land values remain unchanged

Residential land values in the UK remained unchanged in the first three months of 2012, following a 1.3 per cent rise in 2011, according to the latest analysis by Knight Frank. A new report from the organisation shows that prices remained stable across the UK in the first three months of the year, which reflects the wider movement in house prices, which have also remained ...

15th May 2012

Energy-efficient improvements 'provide financial benefits'

Having energy-efficient improvements carried out on a property can provide many long-term benefits, according to one expert on the subject who has advocated such measures. Mike Shufflebotham, sales manager at Green Building Store, said that the energy efficiency products most in demand at the moment include high-performance timber windows and doors, mechanical ventilation ...

14th May 2012

Most affordable places to live revealed

The ten most affordable places in the UK to buy a house have been revealed, with Dudley in the West Midlands ranked number one. The reportshows that nine out of ten homes in the town are affordable for people on an average local income. In second place was Hull in East Yorkshire, followed by Birmingham, Stoke-on-Trent in Staffordshire and Bradford in West Yorkshire. The ...

11th May 2012

Mortgage lending and approvals on the rise

Gross mortgage lending by building societies and other mutual lenders is on the rise in the UK, according to the latest report from the Building Societies Association (BSA). According to the report, lending rose by 58 per cent in March 2012 compared to the same month last year, and by 40 per cent over the first quarter of 2012, in comparison to the same period in 2011. ...

4th 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