The autumn property market remained in good strength despite widespread predictions of Novembers bank rate rise
Category: Property
Scotsman: Home Could Be Key To Flourishing Retirement
Releasing equity is often seen as a last resort but could provide a vital income for those with property but no earnings, writes CONAL GREGORY
Scotsman: Homing In On The Pitfalls Of Buying A Newly Built House
MANY prefer the ‘simplicity’ of a new house but while initial maintenance costs may be lower than for an older property, it doesn’t always go smoothly
Scotsman: Gloom For New Buyers As House Prices Keep Rising
SCOTLAND’S property bonanza is continuing to put the squeeze on first-time buyers, with prices surging by 8.9 per cent between July and September.
Scotsman: IFA Brief: New Opportunities
NEXT year’s introduction of Real Estate Investment Trusts (REITs) opens up new opportunities for investors in the UK, allowing individuals to invest in a diversified property portfolio, buying low-cost easily tradable units instead of having to finance…
Scotsman: Finding A Friend To Buy With
FRIENDS planning to club together to buy a house can get help at www.propertyfriends.co.uk, a website launched this week.
Scotsman: Mortgage Plus Offers Up To 125%
HBOS has become the latest lender to let borrowers combine a secured mortgage and unsecured personal loan to borrow up to 125 per cent of a property’s value.
Motley Fool: Guaranteeing A Home For Your Kids
Being a first-time-buyer doesn’t seem to be much fun these days. I get the odd email from 20 and 30-somethings who complain that the older generation has supposedly been so ‘greedy’ with buying/selling/making a profit on their homes that the youngsters have been excluded from the housing market.
MoneyExpert: Welsh Assembly Urged To Boost Mortgage Holder Numbers
The Council of Mortgage Lenders (CML) is stating that affordable housing is imperative to the future health of the Welsh economy, following reports that the number of first-time buyers has fallen significantly.
Figures indicate that first-time buyer activity has recently fallen to the second lowest level since 1991, with only 4,300 first-time buyers having bought a home between July and September this year.
Speaking at the CML annual conference in Cardiff, CML Cymru chairman Mick McGuire raised the issue of housing affordability in Wales, citing it as a “key issue” for new buyers and suggesting that more be done on a policy level to resolve the problem.
“With fewer numbers of first-time buyers managing to get on the property ladder, the CML urges the Welsh Assembly government to look at innovative ways of helping those people who want to become homeowners to do so,” stated Mr McGuire.
“This could be done by encouraging low-cost home ownership or by expanding the HomeBuy scheme.”
Those looking for the best mortgage rate, including first-time buyers, are now searching a UK market with average house prices of over £200,000, according to the latest Land Registry figures.
This Is Money: 30 Second Guide To Rush To Reits
The Daily Mail’s city team take you through the new investment vehicle that give generous tax breaks to property groups – and a windfall to Gordon Brown