The Latest Property News Headlines
from aboutproperty.co.uk
Nationwdie cuts rates on fixed rate mortgages
In what will surely be greeted with some relief by borrowers Nationwide has announced that it will reduce the rates on its two and five year fixed rate mortgage deals later this week.
Housing minister admits house prices will fall between five and 10 per cent "at best"
Housing minister, Caroline Flint, has accidentally revealed her concerns about the state of the UK property by revealing she now expects house prices to fall by between five and 10 per cent this year “at best”.
Mortgage lending still depressed says CML
The Council of Mortgage Lenders has warned that it will be some time before borrowers feel the benefit of the efforts of the Bank of England to ease the credit crunch.
Rics: Market sentiment falls deeper
A balance of 95.1 per cent of chartered surveyors are reporting house price falls, as buyers steer clear of the market.
HMRC investigating rental income
Hefty fines could be in store for buy-to-let landlords who believe they do not owe income tax because their rent revenue is being swallowed up by mortgage payments, an accountancy firm has warned.
First time buyers finding it harder than ever to get a mortgage
Evidence of the continuing decline of first time buyers in the mortgage market emerged today as Charcol revealed only four per cent of its customers were first time buyers in March.
Most people unafraid by house price falls
More people want house prices to fall than to rise research commissioned by the BBC has found.
Construction in 'skills crisis'
The UK construction industry is facing a serious skills shortage that will worsen, according to a survey.
£1 million homes march on
The sale of properties valued at £1 million or more in the UK are proving immune to the credit crunch, with sales continuing to rocket.
Repossession levels soar amid widening gloom
The number of mortgage possession claims in the UK has increased dramatically, according to the latest statistics from the Ministry of Justice.
Interest rate decision a 'step backwards'
The Bank of England's interest rate decision represents a "step backwards" for the property industry, according to Townends.
London property market stabilising
The London property market is returning to stability despite wider gloom, according to the latest research from Kinleigh, Folkard and Hayward (KFH).
FT: House prices down 0.2 per cent in April
Average house prices in England and Wales fell by 0.2 per cent in April, according to the latest research from the Financial Times (FT).
Knight Frank: Prime central London prices up 0.1%
The average price of a property in the prime central London market increased by a barely discernable 0.1% in April, according to figures released by Knight Frank.
All steady at the Bank of England
The Bank of England is to freeze interest rates at five per cent for May, the central bank has announced.
