House prices in some of London’s most exclusive areas have fallen for the first time in 18 months, providing evidence of a slowdown in the housing market.
The closely watched quarterly central London survey from Savills, the upmarket property agent, shows prices in the third quarter of 2010 are set to fall 0.9pc in Knightsbridge, Chelsea, [...]
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There is to be no revaluation of council tax bands in England during this Parliament, the government has pledged.It means there will be no rise in local taxes for householders based solely on the increased value of their homes. Every property in England is in one of eight council tax bands ranked A to H depending [...] Paragon Mortgages have returned to the Buy To Let market after they withdrew from the landlords market in Feb 2008.One of the largest buy to let lenders in the housing boom is to return to the market for the first time in 18 months. Paragon, along with many other lenders, was hit by the credit crunch [...] People are rightly continuing to pay off their more expensive debts rather than add to savings while interest rates remain at record lows.The highest earners were the only exception to falling savings levels in the UK in September, according to the Markit UK Household Finance Index. The poll also found that lower levels of debt had [...] The stagnation of new mortgage lending, including re-mortgages to borrowers who are not moving home but either changing lender or increasing their borrowing.This reinforces the fact that total new mortgage lending by banks in August was nearly 8% lower than in August last year. The number of home loans to house buyers was at its lowest [...] The number of mortgages approved by banks for home buyers fell in August for the third month in a row. The figures are another indication that the UK property market has stopped growing. Most surveys [...] Ireland was yesterday forced to pay big premiums as it sold €1.5bn (£1.3bn) of bonds, amid continued fears that the country’s finances are spiralling out of control.Dublin managed to reach the maximum target for the auction, but analysts warned it might struggle to cope with the high interest rates as the government imposes [...] Total mortgage lending fell again in August, for the second month in a row, the Council of Mortgage Lenders (CML) said. “We face the prospect of a difficult second half of the year,” said the CML’s [...] There is a growing trend of mortgage lenders restricting their best deals on home loans and mortgages to their existing customers. Current account customers, who are able to supply a 30% deposit, are being offered a reduction of up to 0.54% on various tracker, fixed [...] Average rents in the UK have reached their highest level for two years as landlords sell up. The group said that average rents had risen for seven consecutive months, increasing by 1.4% [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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