Buy to Let Landlords Calm in the Face of Storm
One third of landlords will not sell their investments because of falling house prices according to latest data from the Association of Residential Letting Agents (ARLA).
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Continued housing market uncertainly keeps mortgage approvals lowContinued uncertainty in the housing market saw net approvals by building societies in August remain low at £2.8 billion, a 31% decline compared to August 2007 as buyers continue to remain away from the market.
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Call for action on rural housing
Nearly 700,000 people are now stuck on waiting lists for an affordable home in rural England – the National Housing Federation and Campaign to Protect Rural England has warned.
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Gap between asking and selling prices widens
Across the UK, houses are selling at an average of nine percent below the asking price with sellers in some regions being forced to accept as much as 12.5 percent discount off their advertised price according to the Royal Institute of Chartered Surveyors (RICS).
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Stamp Duty indecision takes hold on the market
Members of the National Association of Estate Agents (NAEA) reported last month that the housing market was clearly faltering under the strain of the Government’s indecision over stamp duty combined with the usual holiday slowdown and the current overcast economy.
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CML comments on Bank of England mortgage data
Commenting on the Bank of England mortgage lending statistics, Council of Mortgage Lenders director general Michael Coogan said:
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Mortgage lending falls to a new low
UK Mortgage lending plunged by 95% in August compared with the month before, according to new figures from the Bank of England.
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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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