UK Property Weekly update

Posted by: John Cooper / Category: Weekly Summary

Property Owners Only Take 21 Minutes To Decide To Invest

Mortgage provider ING Direct reveals that the average property owner only takes 21 minutes to make the decision to invest in property.

100,000 New Property Millionaires!

Santander’s reveal how the number of new UK property millionaires has risen by 100,000 in the last 10 years.

RBS Offload £15bn Of Property Assets

The Royal Bank of Scotland reveal plans to offload 15 billion pounds worth of property assets to reduce their outstanding debt.

Property Investment Book Wins Non-Fiction Award

Professional property investor Brett Alegre-Wood wins People’s Book Awards for his property investment book ‘The 3+1 Plan’.

Students Face Housing Shortage

Students face an increasing housing shortage after limited lending prevents property investors from expanding their property portfolio.

Mortgage Lending Up 15%!

Property advisors reveal why lending has risen by 15 percent in the last 2 months.

Overpricing Prevents Property Sales

Rightmove reveal that despite there being 5 new properties for sale to every 2 buyers, homeowners are still struggling to sell.

Property Investors Need Insurance

Property owners planning to transform their homes into property lets are advised to seek out landlord insurance to protect their homes.

Property Owners Clueless About Their Mortgage Rate

REVEALED: Over 75 percent of property owners have got no idea of the impact a 1 percent increase on their mortgage rates would have on their finance.

Housing Association Cuts To Leave Thousands Homeless

200,000 property owners could potentially be made homeless should the government cut funding to housing associations.

Is Now The Time To Expand Your Overseas Property Portfolio?

66 percent of property investors reveal their plans to invest in overseas properties during the next year.

Equity Release Used To Pay Off Debt

Research by Age UK reveals why over 33 percent of over 65′s are using equity release from their property investments to pay off debt.

Property Owners Witness 6% Property Cost Drops!

Leading mortgage lender Halifax report 6 percent drops in property maintenance costs across the UK.

Rents Rise 2.3% In Light Of Declining Property Stocks

Property portal FindaProperty.com reveal increasing shortages in property lets have driven rents up by 2.3 percent during the last quarter.

MP’s Lose Their London Property Claim Allowance

Government reveal plans to scrap the overnight claims allowance for members of parliament following the second home scandal earlier this year…

Regional Funding For Commercial Property Owners

Government reveal plans to launch a 1 billion pound Regional Growth Fund to help commercial property investors to finance and develop their ideas.

Mortgage Lending Up 15%!

Property advisors reveal why lending has risen by 15 percent in the last 2 months.

Overpricing Prevents Property Sales

Rightmove reveal that despite there being 5 new properties for sale to every 2 buyers, homeowners are still struggling to sell.

Property Investors Need Insurance

Property owners planning to transform their homes into property lets are advised to seek out landlord insurance to protect their homes.

Housing Association Cuts To Leave Thousands Homeless

200,000 property owners could potentially be made homeless should the government cut funding to housing associations…

Equity Release Used To Pay Off Debt

Research by Age UK reveals why over 33 percent of over 65′s are using equity release from their property investments to pay off debt.

Property Landlords To Relax Pet Rules?

The Dogs Trusts Lets With Pets campaign appeals to property investors to allow tenants to have pets in their property lets.

FSA Bans 3 Mortgage Brokers

The FSA have banned and fined 3 mortgage brokers after discovering their involvement in mortgage fraud.

Property Prices Rise Year On Year

Property website Rightmove report year on year growths of 5 percent on asking prices.

Retirees Flock Back To London

Retirees downsize their country properties in order to return to the London property market…

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