Housefund Article Archive for October 2005
More Mortgage Approvals
The number of new mortgages approved by lenders has grown to its highest level since June 2004.
The figures from the Bank of England deal with approvals only and not actual mortgages lent to customers.
Irish first time buyers face greater costs
Figures from the ERSI and Permanent TSB in Ireland report that house prices for first-time buyers are rising at almost twice the rate being experienced by second-time buyers.
Posted in News on 29 October 2005 Mortgage repossession orders go up
Mortgage repossession orders during the past three months in England and Wales were up 66% to 19,687.
That figure is up when compared with 11,862 repossession orders a year ago.
UK property industry unites for consumers
Property leaders and interested groups in the UK are investigating the establishment of a single, national ‘property ombudsman’ to deal with consumer complaints.
Posted in News on 25 October 2005 Irish top earners still favour property
Property remains the top investment choice for Ireland’s top earners, according to a new survey from Friends First.
The Friends First survey was carried out in the High Net Worth market and showed that 33pc of those polled intend to take out a property investment in the next 18 months in the Republic.
RICS comments on the local housing market
The Royal Insititute of Chartered Surveyors has reported that while house prices continued to slip back in September, that pace of decline is the slowest in 14 months.
Here we look at what RICS had to report on the house market in your region.
Bradford & Bingley react to the CML lending figures
Duncan Pownall, mortgage development manager for Bradford & Bingley, said:
“This month’s figures are again encouraging. As gross lending increases to one of the highest monthly figures on record, £28.1billion, fears of a serious slump continue to subside.”
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