A £200m scheme launched by the government would enable no-for-profit housing associations to purchase all or part of home equity so as to protect homeowners from repossession of property. Read the rest of this entry »
Everyday news of suspension of productions, job losses and closures are making headlines in newspapers and on TV news channels. Construction industry in the UK is no exception; it failed to shield itself from ill effects of credit crunch and slowdown in economy. Read the rest of this entry »
The Deposit Protection Service (DPS), managed by Computershare Investor Service, a global deposit protection specialist, has released its latest report on disputes pertaining to landlords and tenants in the UK. It reveals that tenants in south-east of England are mostly at odds with their landlords. Read the rest of this entry »
The data published by the Royal Institution of Chartered Surveyors (Rics) has revealed further fall in property sales in December, touching ever lowest level of last 30 years. Read the rest of this entry »
Halifax has reported continuous fall in house prices, reaching levels of August 2004. In December prices declined by 2.2%, amounting to fall of 16.2% from December 2007, biggest since Halifax started compiling data. Read the rest of this entry »
Estate agents are worried over the impending collapse in rents as large number of landlords is flooding the rental market. Read the rest of this entry »
Knowledge and understanding of the local property market is vital for landlords and letting agents in the current volatile financial market. Read the rest of this entry »
The annual strategy review by LaSalle Investment Management, the global property fund manager, declared the UK commercial property market as the best value place in the world. Read the rest of this entry »
A green residential property is a dream every potential buyer wishes to convert into reality. But the development of green property in the current financial crises is an extremely difficult proposition. Lot of help is needed to make green residential properties a commonplace in the UK, the experts suggest. Read the rest of this entry »
HSBC, the largest bank in the UK will be lending 20% more to potential home buyers during 2009 than it offered in 2008. The amount will be almost double the mortgage funding it offered in 2007.
Responding to government’s call to the building societies and banks, HSBC has pledged to provide up to £15bn in loans in order to save housing market from a total crash. Read the rest of this entry »