May 14, 2009 on 12:04 pm | In News | No Comments
Experts fear interest rates will soar as recovery comes. There are good reasons why that must not be allowed to happen Anatole Kaletsky, TimesOnline.co.uk – 14 May 2009 So this is not the Great Depression. The economy is still struggling, house prices still falling and unemployment still rising, but the end of the world has [...]
May 13, 2009 on 10:05 am | In News | No Comments
New buyer enquiries are up and there are green shoots of recovery for the housing market. But we’re not at the bottom yet! John Fitzsimons, LoveMoney.com – Published in The property ladder on 12 May 2009 It has been a traumatic 18 months for those working within the property industry. As lending by the banks [...]
May 13, 2009 on 10:01 am | In News | No Comments
Land Securities Group Plc, the U.K.’s largest real estate investment trust by market value, reported a record loss for last year as the company’s shopping centers and offices slumped in value. PropertyWeek.co.uk & Bloomberg.com – 13 May 2009 The net loss for the 12 months ended March 31 widened to £5.19bn ($7.9 billion), or 999 [...]
May 13, 2009 on 8:43 am | In News | No Comments
Tens of thousands of landlords are struggling to meet their mortgage repayments as the economic downturn devastates the buy-to-let market, according to a new report. James Charles and Francesca Steele, TimesOline.co.uk – 13 May 2009 Moody’s, the ratings agency, released figures yesterday showing that 3.55 per cent of landlords were at least three months behind [...]
May 12, 2009 on 7:33 pm | In News | No Comments
The lending industry – and its regulator – must learn the lessons from the past in order to ensure that the mortgage market of the future is properly regulated, the CML said today. In a wide-ranging speech to today’s mortgage sector conference hosted by the Financial Services Authority (FSA), we put the case for regulation [...]
May 12, 2009 on 9:23 am | In News | 2 Comments
The Institute for Public Policy Research (IPPR) report “The Madness of Mortgage Lenders: Housing Finance and the Financial Crisis” by Professor Chris Hamnett of Kings College, London has concluded that: MortgageIntroducer.com – 12 May, 2009 Broadly speaking, there are two main options for the future.The first is to simply allow mortgage lenders to operate their [...]
May 12, 2009 on 9:19 am | In News | No Comments
The Royal Institution of Chartered Surveyors thinks the upturn in interest and activity continues in the housing market, although from a low base, but the rise in new buyer enquiries is particularly pronounced. David Smith, EconomicsUK.com – 12 May 2009 Its survey is here. The British Retail Consortium also saw a better April, good weather [...]
May 12, 2009 on 9:08 am | In News | No Comments
A report published this month by the Department for Communities and Local Governement (DCLG) predicts a population growth from 2006 to 20031 of nearly 10m, an increase in the number of households from of 6.3m, and an increase in one-person households for the same period, of 4.1m The report also shows rent increases in England [...]
May 12, 2009 on 8:55 am | In News | No Comments
Recession ‘could be over by August’ says OECD as housing market perks up Ben Laurance, MailOnline.co.uk – 12 May 2009 The recession may be over in Britain by August, international experts said yesterday. The influential Organisation for Economic Cooperation and Development said output was still shrinking but there were clear signs of recovery. Its predictions [...]
May 12, 2009 on 8:49 am | In News | No Comments
Landlords who rent out former homes can enjoy healthy tax relief on capital gains, as Strictly Come Dancing star Camilla Dallerup found out Mark Anstead, Mail on Sunday – 11 May 2009 Accidental landlords renting out their former home – that they could not sell – may find they have much to be thankful for [...]
