May 30, 2008 on 4:26 pm | In News | No Comments
Thousands of homeowners were plunged into negative equity this month as house prices slumped by £5,000. The cost of an average home fell by 2.5 per cent during May, the biggest monthly decline since records began in 1991, figures from the Nationwide Building Society show. House prices have fallen by nearly £12,500 since the market [...]
May 30, 2008 on 2:15 pm | In News | No Comments
Annual house prices in England and Wales decreased from 3.6 per cent in March to 2.7 per cent in April, taking the average to £183,626, according to the latest figures from Land Registry. This is the eighth consecutive fall in the annual rate of growth. Land Registry – NDS – 30 May 2008 The monthly [...]
May 30, 2008 on 1:59 pm | In News | No Comments
Those who remember the Road Runner cartoon will know there was always a moment, just after Wile E. Coyote was tricked for the umpteenth time into running off the edge of a tall cliff, when he appeared to be momentarily suspended in mid-air before plummeting towards the ground. Tim Bennett, Money Week – 29 May [...]
May 30, 2008 on 1:38 pm | In News | No Comments
Britain’s banks and building societies could absorb a 20 per cent fall in UK house prices in a year without further denting their capital reserves, according to research by Moody’s, the credit ratings agency. Peter Thal Larsen, Banking Editor, FT.com – 30 May 08 The study, to be published on Friday, comes as shares in [...]
May 30, 2008 on 1:33 pm | In News | No Comments
Sale and rent-back set to soar Landlords who get into the sale and rent-back (Sarb) market can offer a service which is both ethical and profitable, says Emma Tyrrell Telegraph.co.uk – 30 May 08 Thousands of landlords are attempting to break into the sale-and-rent-back (Sarb) market, drawn by below-market-value prices, and the growing number of [...]
May 30, 2008 on 1:29 pm | In News | 1 Comment
What’s really going on with buy-to-let? Another day, brings another theory. We are told it’s a bad time to enter this tricky market, then we learn that this is a good moment to join the buy-to-let gravy train. Liz Rowlinson, Daily Mail – 30 May 2008 What’s certain is that with self-catering holidays now accounting [...]
May 28, 2008 on 4:59 pm | In News, Press Releases | No Comments
According to Leaders, one of the UK’s largest indpendent letting specialists, many tenants who do not have contents insurance believe that their landlord’s insurance policy will cover their contents; however this is rarely the case. At the same time, many landlords make the mistake of thinking that they are covered by standard buildings insurance for [...]
May 28, 2008 on 12:31 pm | In News, Press Releases | No Comments
PEOPLE in Britain panic most about whether they have remembered to change their billing address when they rent a new home, a survey has revealed. A survey of tenants by The Deposit Protection Service (DPS) revealed more than a third – 36% – of movers get flustered over changing the address on their phone, gas [...]
May 26, 2008 on 5:03 pm | In News | No Comments
Up to 100,000 homes could be pushed into negative equity by the end of this year because of the credit crunch, the Council of Mortgage Lenders (CML) stated last week William Kay, The Times – 25 May 08 While this was far more optimistic than a recent Morgan Stanley prediction that as many as 2m [...]
May 26, 2008 on 4:54 pm | In News | No Comments
Britons living in Spain have been hit by a housing crash that has led to the value of houses and apartments on the Costas falling by 20 per cent and estate agents predicting worse to come. A glut of new property, built during a decade of booming prices, has left thousands of homes unsold, increasing [...]
