House prices news (June 2011)

Filter by  

Latest House prices news

Interest rate rise 'could affect repossessions'

A possible rise in interest rates could affect the number of property repossessions occurring in the UK, according to one analyst. Ray Boulger, senior technical manager at John Charcol, said it is clear that the rate of repossessions occurring in the UK is dependent on changes to the interest rate, with the Bank of England effectively holding the cards. A sharp rise would ...

27th Jun 2011

Mortgage lending 'looks bleak in the short to mid term'

The future of mortgage lending in the UK looks "bleak" in the short to medium term, according to one industry expert. Dominik Lipnicki, director at Your Mortgage Decisions, said the remortgage market has struggled to gather any "real momentum" over the last year and this looks set to continue in the months ahead. He explained: "It remains very ...

24th Jun 2011

House prices news archive

House prices 'should be left up to the economy'

Any changes to UK house prices should be left up to the economy and not forced by the government, one expert has predicted. According to Catherine Hearnden, director at MyMortgageDirect, although the government has spoken previously about aiming for house price stability, it may not be possible to prevent further property market booms. Her comments follow the publication of ...

23rd Jun 2011

Govt FirstBuy scheme 'of no benefit' to FTBs

The government's new FirstBuy scheme is unlikely to benefit first-time buyers (FTBs) in any way, shape or form in the weeks and months to come, one expert on the subject has commented. Paul Holmes, chief executive officer at the financial and property advice website Firstrung, said that the scheme is definitely not the right option for FTBs. The government announced the ...

22nd Jun 2011

Southern property owners 'could move to the north'

People living in the south of England could consider moving to the north, where they will get far larger homes for the same price, one expert has suggested. This may well become the trend, while the north would definitely welcome the migration from the south, said Richard Horner, northern south sector regional executive for the National Association of Estate Agents . His ...

22nd Jun 2011

Home improvement 'can boost house prices significantly'

House prices can be boosted significantly by carrying out home improvements, according to one sector expert. Anna-Marie DeSouza, editor at Build It, said that investing in a property can be a "highly profitable manoeuvre", as the right augmentations can reap dividends in terms of adding to house values without costing a great deal to carry out. However, people ...

21st Jun 2011

Property affordability 'better in the north' for FTBs

First-time buyers (FTBs) who live in the north of England will find that it is easier to get a foot on the property ladder than people living in the south, one expert has claimed. Richard Horner, northern south sector regional executive for the National Association of Estate Agents , said that affordability is not so much a problem for FTBs in the north, but rather job ...

20th Jun 2011

Economic downturn 'affecting home improvements'

The economic downturn affected people's enthusiasm for home improvement and their ability to fork out for it, and the effects are continuing to be felt, one expert has stated. Andrew Leech, director of the National Home Improvement Council, said that people are far more frugal in the current economic climate and, as a result, have "drawn in their wings" as far ...

15th Jun 2011

Mortgage restriction proposals 'are ridiculous'

New proposals to restrict the maximum available mortgage finance to three and a half times household income would be "ridiculous", according to one sector organisation. Catherine Hearnden, director at MyMortgageDirect, made the comments after the Institute for Public Policy Research suggested that mortgages should be capped at 90 per cent of property values and at ...

10th Jun 2011

Interest rate change 'unlikely in the short term'

There is unlikely to be a change in UK interest rates in the short term, one property market expert has suggested. Andy Pratt, chief operating officer at Alexander Hall, does not anticipate a change in the near future despite some financial institutions expecting this to happen very soon. His comments follow the publication of a report by Lloyds TSB which predicted that, if ...

9th Jun 2011

Pages: 1 2 Next