Tag: Economy

Buy to Let tax, changes are ahead

George Osborne announced at the beginning of the month, that the mortgage interest tax relief for buy to let home owners, is to be restricted to the basic rate of income tax, currently sitting at 20%.

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Posted by: Samantha Turner Categories: Economy, Letting Agents, Uncategorized Tags: , , , Leave a comment

Banks favour borrowers with a 25% deposit

Banks are tightening their criteria for lending money to borrowers. Official figures show that they are shunning those with lower deposits in favour of people who have more money to put down initially.

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Posted by: Samantha Turner Categories: Economy, Finance, Uncategorized Tags: , , , , Comments Off on Banks favour borrowers with a 25% deposit

Short supply of houses, is this responsible for the rise in prices?

Property surveyors have stated that there has been a drop in the number of people putting their houses up for sale. This is thought to be a contributing factor to the rise in house prices across the UK’s property market.

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Posted by: Samantha Turner Categories: Economy, Latest News, Uncategorized Tags: , , , Comments Off on Short supply of houses, is this responsible for the rise in prices?

The property market – how it stands now.

There seems to be a raft of positive messages from property experts after last week’s general election. With David Cameron’s place at number 10 confirmed, it is now time for the Prime Minister to set about delivering what he has … Continue reading

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Posted by: Samantha Turner Categories: Economy, Latest News, Uncategorized Tags: , , , 4 Comments

Upward trend in mortgage approvals, according to high street banks

UK high street banks have revealed that there’s an upward trend developing in the number of mortgages that get approved.

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Posted by: Leanne Halsey Categories: Economy, Mortgages Tags: , , Comments Off on Upward trend in mortgage approvals, according to high street banks

UK house prices rising, according to surveyors

A poll taken by a large number of property surveyors has shown that house prices in the UK are still rising – with the possible exception of London and the North of England.

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Posted by: Leanne Halsey Categories: House Prices, Property Market, Property News Tags: , , , Comments Off on UK house prices rising, according to surveyors

Demand falls for high value mortgages

The Bank of England has released a report revealing that the demand for mortgage loans in Britain has dropped significantly in the first quarter of this year.

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Posted by: Leanne Halsey Categories: Economy, Property Market, Property News Tags: , , , Comments Off on Demand falls for high value mortgages

House prices drop 0.1% in February

The largest building society in the United Kingdom, Nationwide, have released figures revealing that house prices fell by 0.1% in February 2015. The report also showed that the rate of price inflation had dropped to 5.7%, meaning that is has … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Property Market, Property News Tags: , , , , , , Comments Off on House prices drop 0.1% in February