24th May 2010 The Government has suspended the requirement to provide a Home Information Pack on the marketing of your property for sale. You will however still need to provide an Energy Performance Certificate at some time during the transaction. We recommend that you instruct a conveyancer as soon as you are ready to market your property to discuss a plan of action and to complete the necessary forms for the conveyancing once a buyer has been introduced. The bank has launched two-year and a five-year fixed mortgage products, as well as a three-year tracker for people seeking finance of up to 90 per cent LTV. The two year fixed has a rate of 5.49 per cent with a £999 fee or a rate of 5.99 per cent with no fee applicable and the five year product has a rate of 6.09 per cent with a £999 fee or a rate of 6.39 per cent without a fee. The three-year tracker comes with a fee of £999 and has a rate of 4.49 per cent.
House price inflation hits 10.5% The annual rate of UK house price inflation has hit double figures for the first time since June 2007, according to the Nationwide. The building society said that house prices in the UK had risen by 10.5% in the year to the end of April. Prices rose by 1% in April to push the cost of the average home to £167,802. 25th April 2010 Shared Ownership mortgages available at 95% for the first time in two years See our mortgage pages for further information. 25th March 2010
House sales in the UK are continuing to revive after their post-Christmas slump, figures have suggested. HM Revenue & Customs said sales rose by 13,000 in March from February to 72,000, a jump of 22%. The level of sales was also 24% higher than in March last year, when the market was at its most depressed. However, sales are still less than half the number reported at the same stage of 2007, before the market collapsed under the impact of the credit crunch. For the first three months of 2010 as a whole, completed sales, at 182,000, were 28% higher than in the first quarter of last year, highlighting the extent to which activity has picked up since early last year. In the past week, estate agents and surveyors have both reported a big rise in the number of people putting their homes up for sale. However, a big rise in sales between February and March is normal for the UK property market. And earlier this week the Council of Mortgage Lenders said that activity would still be relatively subdued this year and repeated its warning that lenders' finances were likely to be severely restricted for several years.
5th May 2010
Co-op launches 90% LTVs for first-time buyers
30th April 2010