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A £42 million pound scheme to help first time buyers onto the housing ladder in London using a 'hire purchase' scheme has failed miserably with ...
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The number of houses on the market in November increased for the sixth consecutive month, according to the Royal Insitution of Chartered Surveyors (Rcis). However, hopes that the supply squeeze are starting to ease were quashed by Rics spokesman Ian Perry, who said: "Despite modest increases in the number of properties coming on to the market, this is not significant enough to keep pace with the levels of demand. Buyer inquiries are continuing to grow and, with the pace of job losses now easing, the risk is that the new year could see a further wave of interest in the market." The report added that house prices rose for the fourth month in a row in November. Thursday 17 December 2009 ...
House prices are rising £4 a day, according to the latest figures from property website Zoopla. The average house is currently worth £205,591, an increase of 0.7% on a year ago. Nicholas Leeming, commercial director of Zoopla.co.uk, said: "2008 was undoubtedly the annus horribilis for homeowners. But, property prices have stabilised this year, rising gradually since April after a fairly weak first quarter. "We are still a long way from the values seen before the recession took hold, but the housing market has not worsened in 2009 as some had feared and recovery signs are starting to take hold." Wednesday 16 December 2009 ...
Mortgage applications have risen 43% in the last year according to Countrywide Mortgage Services. Applications rose by 10% alone for the month of November. Grenville Turner of Countrywide said: "Competitive pricing from lenders is making a huge difference to the market with interest rates now much closer to current standard variable rates, which may further boost both the purchase and remortgage markets." Tuesday 15 December 09 ...
Yorkshire Building Society has launched a new raft of mortgages for first time buyers with 15% deposit or more. One of the products is a three-year fixed rate is 5.84%, has no fee and includes £500 cashback, a free survey and legal work. Monday 14 December ...
Hopes for an extension of the stamp duty holiday were dashed in the Chancellor's pre-budget report, as it was announced that 1% stamp duty would return on properties sold for over £125,000. The break, introduced in September 2008, raised the threshold to £175,000, saving buyers up to £1,750 in the tax. The holiday will end on 31 December. Thursday 10 December 2009 ...
First time buyers have put down an average 25percent deposit for the ninth month in a row, according to the Council of Mortgage Lenders. 19,700 first time buyers jumped on to the ladder in October, a third more than in the same month the previous year, but continued constraints in lending criteria mean competitive deals are only available to those with substantial deposits. The average income multiple for first time buyers currently stands at 3.08 times their pay. Thursday 10 December 2009 ...
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