Home values news (June 2012)
Latest Home values news
Latest mortgage figures 'are encouraging'
The latest statistics indicating that there has been a rise in gross mortgage lending in the UK is good news for the country, one expert has observed. Ray Boulger, senior technical manager at independent mortgage adviser John Charcol, said that although the figures for the last few months have been distorted by the stamp duty holiday coming to an end, they were stronger ...
25th Jun 2012
Gross mortgage lending increases
Gross mortgage lending in the UK is continuing to rise, according to new figures from the Council of Mortgage Lenders (CML), which show that stability is returning to the industry. Data issued by the organisation shows that gross mortgage lending in May was an estimated £12.2 billion, which represents a 24 per cent rise from the £9.9 billion recorded in April. ...
22nd Jun 2012
Home values news archive
Conservatories 'can boost home values'
People hoping to boost the value or appearance of their home should consider adding a conservatory to the property, as this can tick both boxes, one expert has noted. Ryan Notz, chief executive of MyBuilder, said conservatories are "certainly a good idea" to get extra space at a reasonable cost, but it depends on what kind of space people need. The main thing is ...
20th Jun 2012
One in ten people 'focused on mortgage saving'
One in ten people in the UK are currently focused on saving towards their mortgage, according to the latest report. New research from Clydesdale and Yorkshire Banks has today show that a tenth of homeowners are planning to remortgage, pay off or make overpayments to their mortgage in the next 12 months. People in the Midlands are most likely to review their arrangements, ...
15th Jun 2012
'Very good offers available' on UK mortgages
There are some great deals available on UK mortgages at the moment, according to one expert who has suggested that now could be a good time for people to remortgage. Catherine Hearnden, director at MyMortgageDirect, noted that there has there been an increase in the number of people looking to remortgage, which she attributed to recent rumours about interest rates rising. ...
15th Jun 2012
Increased competition 'could lead to mortgage rate cuts'
Increased competition in the mortgage market could result in lenders cutting rates in the months ahead, it has been suggested. Ben Wilkie, editor at What Mortgage, said that many financial institutions are "happy to lend" at the moment, which makes things much easier for prospective homeowners and could alter the market. He explained: "What might change ...
14th Jun 2012
Minor property improvements 'can make a big difference'
People can make a significant difference to their property and considerably boost its value by making some minor improvements, it has been claimed. According to Andrew Leech, director at the National Home Improvement Council, the roof is the first thing that householders should address. From making sure there are no slipping tiles to sorting out broken flashings around the ...
7th Jun 2012
Prime London property prices rise again
The price of prime London property continued to rise in May, according to the latest figures, which show values are now at a record high. Data published by Knight Frank show that prices rose 0.7 per cent in May, contributing to annual growth of 10.7 per cent, with values having risen by 47.3 per cent since their post-credit-crunch low in March 2009. Values in the ...
6th Jun 2012