Housefund Article Archive for January 2006
Forget homes – buy a hotel room
170 rooms in London’s latest investment property have gone on sale.
The rooms are offered on a buy to let basis – but have one catch – they’re part of a hotel.
December surge in mortgages
The Bank of England has revealed that more mortgages were approved for house purchase in December than any month since May 2004.
Posted in News on 31 January 2006 Prices go up during January
House prices have grown by 1.4% in January, bringing the annual growth rate to 4.4% according to Nationwide.
Nationwide said that increased confidence amongst buyers was a contributing factor, but it added that strong price rises were unlikely to persist in 2006.
Welsh and Scottish first time buyers save twice as long
Halifax research published today, shows that it now takes the typical first time buyer four years to save a deposit in Wales.
First time buyers in Scotland also face an uphill struggle, taking 4 years to save a typical Scottish deposit of £15,762.
First Time Buyers take 5 years to save
New research from the Halifax has reported that it takes five years to save up for a deposit on a home – almost double the time it took 5 years ago.
Additionally, the number of first time buyers in the UK has reached a new 25 year low.
Run down homes rescued on line
A Government backed initiative designed to prevent run down homes becoming a lost cause has been viewed as a success.
Posted in News on 29 January 2006 Just married and priced out of a home
They’re just starting out their lives, but a quarter of married couples are finding it hard to get on the housing ladder according to Alliance & Leicester Mortgages.
Additionally the Alliance and Leicester Moving Index has shown that people in their 20s and 30s just can’t afford their own home.
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