Forget homes – buy a hotel room
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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.
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December surge in mortgages
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The Bank of England has revealed that more mortgages were approved for house purchase in December than any month since May 2004.
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Prices go up during January
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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.
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Welsh and Scottish first time buyers save twice as long
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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.
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First Time Buyers take 5 years to save
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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.
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Run down homes rescued on line
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A Government backed initiative designed to prevent run down homes becoming a lost cause has been viewed as a success.
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Just married and priced out of a home
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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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