Mortgage lending rises in June August 10, 2011 Mortgage lending jumped in June according to figures from the Council of Mortgage Lenders (CML). The total number of new home loans to house buyers jumped by 22 per cent from May, to 46,700. Loans to first-time buyers reached a 10-month high, up 24 per cent from May to 18,100. Although the level of lending [...]
Mortgage lending rises in June August 10, 2011 Mortgage lending jumped in June according to figures from the Council of Mortgage Lenders (CML). The total number of new home loans to house buyers jumped by 22 per cent from May, to 46,700. Loans to first-time buyers reached a 10-month high, up 24 per cent from May to 18,100. Although the level of lending [...]
Redrow beats forecasts in profits surge September 8, 2011 HOUSEBUILDER Redrow has posted better than expected pre-tax profits, thanks to a 14 per cent rise in revenues, but warned of a tough outlook for the property market. The Wales-based company posted a pre-tax profit of £25.3m in the 12 months to the end of June, compared with £700,000 the year before, beating a consensus [...]
Home-builders ramp up incentives to lure hard-up first-time buyers December 2, 2010 HOME-BUILDERS have always offered buyers deals, but some are more valuable than others. Take, for example, the West Bromwich Building Society’s offer in 2004 of a free Rover car worth over £7,000 – a year before the car-maker went into administration. The downturn has left house-builders with new-builds sitting empty all over the country, and [...]
If it’s broke, then buy it and fix it up for a tidy return November 10, 2011 Q.Why should someone consider an unmodernised property? A.Unmodernised property provides the opportunity to buy at a lower price than a recently modernised equivalent, and the chance to create one’s own home to one’s own taste and standards. People also enjoy the experience of renovating a property; it’s creative and fun. Q.What are the biggest upsides? [...]
LEWISHAM, SE13 September 15, 2011 RENAISSANCE Price: £181,000 This second floor, one-bedroom flat comprises 470 square feet, including a private balcony. It is situated in a development with landscaped gardens, opposite Lewisham DLR station. It was designed in collaboration with artist Phil Coy whose signature feature is the development’s eye-catching coloured glass exterior. Contact: Barratt Homes on 084 5871 0005 [...]
Entrepreneurs finally fighting back February 29, 2012 BUSINESS people have a tendency to run scared of political debate. They rarely want to criticise politicians on the record (though they are often extremely outspoken in private). They very rarely agree to give interviews to discuss controversial subjects. This is a great tragedy: capitalists are failing to speak up for capitalism, allowing those who [...]
The appeal of a mature market March 15, 2012 THERE’S nothing emerging about Barbados. Barbados has arrived. It arrived a long time ago. But in a property environment where the hot new thing has lost some of its appeal over the past five years, tried and true is sometimes best. Like a Starbucks when you want to be sure of what you’re getting. But [...]
STEVENAGE, HERTS September 1, 2011 SWALE CLOSE Price: £239,995 This three-bedroom semi-detached house is located in a quiet cul-de-sac and within the sought-after Great Ashby area. It offers ample space since it is spread across three floors and has a large conservatory extending from the back. Contact: Vincent Giddings on 01438 960 010 or go to www.vincentgiddings.co.uk JACKDAW CLOSE Price: [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]