Thumbnail image for Concern over endowment mortgage and interest only loan shortfalls in the UK

Concern over endowment mortgage and interest only loan shortfalls in the UK

May 6, 2013

A million over 50s’ endowment mortgage policies in the UK aren’t enough to pay off their mortgage and a quarter say they will have to sell their home to make up for the shortfall. Research from the Saga Equity Release Advice Service has found that the average shortfall is £49,000 and as one in 10 [...]

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Thumbnail image for House prices in Auckland fall after record highs of March

House prices in Auckland fall after record highs of March

May 3, 2013

House prices in New Zealand’s capital city fell slightly last month after three months of uninterrupted increases which saw average prices reaching an all time high of $645,928. The latest price report from agents Barfoot & Thompson shows that average sales prices were down just under 0.5% to $643,089. April’s decline in the average sales [...]

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Thumbnail image for Interest only mortgage borrowers receive warning from FCA

Interest only mortgage borrowers receive warning from FCA

May 2, 2013

The Financial Conduct Authority (the successor of the Financial Services Authority) has today issued a stark warning to interest only mortgage borrowers in the UK. A recent survey shows that around 2.6 homes in the UK have been financed using interest only mortgage arrangements and are due for repayment over the next 30 years. There [...]

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Thumbnail image for Residential development land values increase in England and Wales

Residential development land values increase in England and Wales

May 2, 2013

According to the latest index from Knight Frank Residential, development land values climbed by 0.5% across England and Wales in the first three months of the year. Average land values were up 0.2% on the year, reversing the 0.3% annual decline in the fourth quarter of 2012 but there are regional variations with prices in [...]

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Thumbnail image for Fall in real cost of buy to let mortgages in the UK

Fall in real cost of buy to let mortgages in the UK

May 1, 2013

The real cost of buy to let mortgages fell by 0.33% in the first three months of 2013 and the gap between three and five year rates narrowed, new research shows The data from specialist broker Mortgages for Business reveals that two year fixed rate products at 65% LTV fell the most by 0.69% over [...]

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Thumbnail image for One in five owners in the UK aged over 55 want to down size

One in five owners in the UK aged over 55 want to down size

April 30, 2013

One in five home owners in the UK aged over 55 want to sell and move to a smaller property, new research shows. Average home owners reckon they could raise £78,000 by doing so but four out of five are worried about the expense and hassle of moving house, the research also found. The independent [...]

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Thumbnail image for Sales of £1 million homes in the UK reach highest levels since 2007

Sales of £1 million homes in the UK reach highest levels since 2007

April 29, 2013

The number of properties selling for over £1 million in the UK increased in 2012, reaching the highest level since the height of the housing boom in 2007, according to new research. The total number of sales of properties that cost at least £1 million rose by 2% from 7,270 in 2011 to 7,397 in [...]

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Thumbnail image for Desire for luxury property in London pushing up prices

Desire for luxury property in London pushing up prices

April 26, 2013

Developers are capitalising on London’s recent growth in high value residential sales, as shown by the number of units in Central London now awaiting planning consent, according to consultants. Following years of undersupply of new homes, there were 6,548 units in Central London awaiting consent in the first quarter of 2013, compared with 3,023 units [...]

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Thumbnail image for Foreign buyers continue to boost property sales in Miami

Foreign buyers continue to boost property sales in Miami

April 25, 2013

Residential property sales are continuing to increase in Miami as demand and limited supply drive double digit price growth, the latest data from real estate agents show. In March prices for single family homes in particular surged, up 25.1% year on year and 16% month on month to a median price of $225,000, according to [...]

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Thumbnail image for UK home owners want more innovative mortgage products

UK home owners want more innovative mortgage products

April 24, 2013

Some 82% of home owners in the UK want more to be done to make it easier for new lenders to enter the mortgage market and would welcome more innovative products, according to new research. Many believe that new lenders such as Tesco, Virgin Money and M&S, as well as other new entrants, can help [...]

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Thumbnail image for Lack of land sales holding up new home building in Australia

Lack of land sales holding up new home building in Australia

April 23, 2013

New home building in Australia in 2013 is likely to fall short of what is needed as land sales are well below requirements, a new report suggests. The HIA-RP Data Residential Land Report provided by the Housing Industry Association, the voice of Australia’s residential building industry, and RP Data, Australia’s leading property information and analytics [...]

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