News Archive 2008

House prices, further falls predicted for 2009

Wednesday, December 31, 2008 - 17:00
House prices are set for further falls in 2009, experts have said.

The Times has collected the predictions of ten industry commentators and all have foretold prices dropping.

The Royal Institute of ...More...

Economy will worsen in 2009, poll suggests

Wednesday, December 31, 2008 - 13:00
The UK economy will worsen in the New Year, a street poll has found.

When asked if the economy would improve, only 33 per cent answered yes, 59 per cent thought it would worsen and eight per cent said it wou ...More...

House prices dip 2.2%

Tuesday, December 30, 2008 - 17:00
House prices have again fallen, this time by 2.2 per cent according to the latest Land Registry figures.

Values have dipped for 15 months in a row - the average price across England and Wales is now £16 ...More...

Lenders launch mortgage and savings sales

Tuesday, December 30, 2008 - 13:00
High street lenders have announced New Year mortgage and savings sales.

The Leeds Building Society has said it will reduce rates and lower monthly payments for mortgage customers and HSBC has unveiled specia ...More...

FTBs to get more 'bang for their buck'

Monday, December 29, 2008 - 13:00
As the UK housing market continues to fall, first-time buyers (FTBs) can expect to get more for their money, according to Firstrung.

With mortgages forecast to become relatively low in the New Year first-ti ...More...

Second home owners turn to holiday rentals for financial boost

Sunday, December 28, 2008 - 13:00
With the current economic climate forcing many Britons to tighten their belts, a significant number of second home owners are looking into renting out their second homes in order to boost their incomes.

That ...More...

CML urges government to encourage mortgage lending

Saturday, December 27, 2008 - 13:00
The government has been urged to follow the example being set by lenders and take action to encourage mortgage lending across the UK.

According to the latest figures released by the Council of Mortgage Lende ...More...

House prices 'to fall further in 2009'

Wednesday, December 24, 2008 - 13:00
UK house prices are set to fall further in 2009, creating an overall decline of 25 per cent since property values were at their peak, according to the Royal Institution of Chartered Surveyors (Rics).

In its ...More...

Families face repossession despite not being in mortgage arrears

Tuesday, December 23, 2008 - 17:00
A couple from east Sussex have been threatened with repossession, in spite of having never missed a payment on their mortgage.

With the Council of Mortgage Lenders just this week predicting that the number o ...More...

Cut empty property numbers, RICS argues

Tuesday, December 23, 2008 - 13:00
Thousands of vacant properties across the UK could be brought back into use should the government reduce VAT levels for restoration and renovation projects, the Royal Institute of Chartered Surveyors (Rics) has claim ...More...