Housefund Article Archive for November 2006
House market refuses to slow down
Nationwide has said that house prices are refusing to cool down with prices jumping by 1.4% in November causing the annual rate of growth to 9.6%, up from 8.0% last month.
Posted in News on 30 November 2006 Four in ten homeowners caught in IHT trap
According to research from Scottish Widows, over five million households (21%) in Great Britain are now valued at more than the current Inheritance Tax (IHT) threshold of 285,000 pounds.
Posted in News on 29 November 2006 100% mortgage range from Portman
Portman Building Society is making a number of changes to its 100% mortgage range – all the changes have been available from Saturday 25 November 2006.
Posted in News on 29 November 2006 Plans for more affordable homes
Housing Minister Yvette Cooper has set out reforms to the planning system which will help local authorities deliver more and better homes – including more affordable and family homes.
Posted in News on 29 November 2006 Interest rates temper buy-to-let market
The lettings market rose at the slowest pace since Q2 2005 especially with flats as buy-to-let investors express caution as profit margins drop thanks to rising interest rates.
Posted in News on 29 November 2006 Mortgage Approvals at highest since 2003
The Bank of England has said that mortgage lending and mortgage approvals are at their highest level since 2003.
Posted in News on 29 November 2006 An ECB Rate of 3.75% in 2007
The Bank of Ireland’s Chief Economist, Dr Dan McLaughlin, has announced that in light of bank lending in the eurozone (which has yet to slow), he is changing his forecast for ECB rates and expects the repo rate to rise from 3.5% in December to 3.75% in March 2007.
Posted in News on 28 November 2006
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