MANCHESTER’S property boom has been built by buy-to-let investors who bought apartments off-plan, often through property clubs, to either sell on and make a quick profit or rent out at values that covered their mortgage payments.
Continue Reading… Posted by Abbey on Apr 30, 2008
LONDON (Reuters) – Sterling fell versus the euro and dollar on Monday after a survey showed a year-on-year fall in house prices in England and Wales, in a further sign that the housing market is cooling fast.
Continue Reading… Posted by Abbey on Apr 29, 2008
Inside Track, the company that spearheaded the buy-to-let investment boom, is to go into administration early this morning
Continue Reading… Posted by Abbey on Apr 29, 2008
LONDON (Reuters) – House prices in England and Wales fell in April to stand slightly lower on a year ago, a survey shows, in a further sign that the housing market is cooling fast.
Continue Reading… Posted by Abbey on Apr 29, 2008
It is a long time since there has been this much excitement around the housing market.
Continue Reading… Posted by Abbey on Apr 28, 2008
Sir, Within the pages and pages of press comment concerning the current turmoil in financial markets no one has answered the question, why?
Continue Reading… Posted by Abbey on Apr 22, 2008
The outlook for the UK housing market and high street trading are “bleak”, a panel of economists has warned.
Continue Reading… Posted by Abbey on Apr 22, 2008
HOW OFTEN must I say it? Falling house prices are a good thing, not a bad thing. It was property madness that got us into this financial mess in the first place, and the credit crisis will not be resolved, will not begin to be resolved, until house prices start to become more rational. That means house prices must come down.
Continue Reading… Posted by Abbey on Apr 15, 2008
Gordon Brown will meet bank chiefs this week to discuss the housing market crisis after urging them to pass on the latest interest rate cut to borrowers.
Continue Reading… Posted by Abbey on Apr 15, 2008
The gloom in the UK’s property market continues as The Royal Institution of Chartered Surveyors’ (Rics) said confidence in the UK housing market fell last month to a 30-year low.
Continue Reading… Posted by Abbey on Apr 15, 2008
The latest fall in house prices – 2.5% in March, the biggest drop since the property crash of the early 1990s – has contributed to the Bank of England’s quarter-point rate cut on Thursday to 5%. While this is a welcome move for businesses and financial markets, it is not expected to have a dramatic impact on the struggling housing market.
Continue Reading… Posted by Abbey on Apr 15, 2008
Mortgage lenders are bracing themselves for a slump in property prices of up to 20 per cent, The Independent on Sunday can reveal. A housing market collapse, wiping an average of £40,000 off a home, is now being discussed by lenders.
Continue Reading… Posted by Abbey on Apr 07, 2008
Mortgage brokers are expecting the mortgage market to tighten up, with 85 per cent expecting the credit crunch to make it harder for people to find a mortgage.
Continue Reading… Posted by Abbey on Apr 04, 2008
Q We’ve recently bought a two-bedroom flat and have a mortgage worth about 60% on it. Given all of the turmoil in the property market, particularly for flats, should we be putting any extra funds into paying more on the mortgage – and therefore maybe sinking good money after bad, although cutting the amount paid in interest – or should we just build up other savings? HC
Continue Reading… Posted by Abbey on Apr 03, 2008
Buy-to-let mortgage company, Paragon has become the latest victim of the credit crisis, admitting it expects to halve the amount of loans offered.
Continue Reading… Posted by Abbey on Apr 02, 2008
Drowning in debt? Facing repossession? Help is at hand from countless companies offering to buy your house double-quick and then rent it back to you. But they vary from the legitimate to the highly questionable.
Continue Reading… Posted by Abbey on Apr 02, 2008
Activity in the once-booming construction sector has tumbled to its lowest level in more than a decade, putting the government’s house-building target at risk, according to a report today.
Continue Reading… Posted by Abbey on Apr 01, 2008
Time to sell the house, but the market is sluggish. Should you rent it instead?
Real estate agents and property managers say more and more people are opting to rent their homes, although being a landlord can be an expensive headache instead of an easy way out.
Continue Reading… Posted by Abbey on Apr 01, 2008
On the list of “must-do” things in order to be considered a “real” adult are marriage, home, and children. All of which cost a lot of money.
Continue Reading… Posted by Abbey on Apr 01, 2008
As homeowners struggle with the combined pressures of higher living costs, tighter lending criteria and mortgage rate increases, more and more of them are choosing to sell up and move to rented accommodation.
Continue Reading… Posted by Abbey on Apr 01, 2008
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