Pension worries benefits buy to let |
The pensions crisis is boosting interest in the buy-to-let market with investors opting to put their money into homes.
The Royal Institution of Chartered Surveyors has said that many landlords are viewing their rental properties as being a significant part of their pension plan.
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House prices go flat during November |
The latest Hometrack survey of the national housing market shows average house prices unchanged over the month of November.
It is the first time in 16 months that the survey of 7,500 agents across over 2,200 postcode districts has recorded anything other than a fall in average prices.
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Pensioners feel the cost of Council Tax |
Halifax has found that council tax bills have risen faster than average in areas with the most pensioners.
Since 1993/94, the average council tax bill per dwelling for all households in the 20 English Local Authorities (LAs) with the highest proportion of pensioners has increased by 149%, compared with a 121% rise in the overall average bill over this period. Chichester recorded the fastest increase, up 173% from £456 to £1,244.
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Rural housing costs at crisis point |
A lack of land and planning laws are causing rural social housing shortages and increased homelessness.
The National Housing Federation has told the government’s Affordable Rural Housing Commission that the rural situation has now become critical.
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Prescotts housing plans slated |
Deputy PM John Prescott’s plans to build thousands of new homes has been condemned as “clumsy, insensitive and rushed” – by the Urban Task Force, a group set up by Mr Prescott himself.
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Cost of Servicing Mortgages Stabilises in Run up to Christmas |
The monthly cost of servicing mortgages has remained at 18.6 per cent of borrowers’ household disposable income in October according to the monthly Woolwich Mortgage Affordability Research.
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House prices show continues rise |
Average asking prices on a home rose for the second straight month from mid-October to mid-November according to Rightmove.co.uk.
The report is suggesting that confidence is returning to the market.
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House prices fell by 0.9% in August, the second consecutive month where a fall has occurred leaving the average house price at £166,507, Nationwide has said.
Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%, the product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
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