News

Posted on 19/12/2011

New Rules On Mortgages To Stop Risky Lending

Home buyers could face tougher borrowing conditions when applying for a mortgage under new plans to reform the lending market.

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The Financial Services Authority wants to avoid another loans crash, by forcing lenders to introduce stress tests and income checks to avoid buyers defaulting.

Posted on 19/12/2011

Outlook for buy-to-let remains positive

The outlook for property investors remains positive for 2012 in spite of flat or falling prices, as demand for rental property is expected to stay high, and push up rents.

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Average rents across England and Wales have risen 3.5 per cent in the year to November, according to the LSL Buy-to-Let Index. Last month saw a 0.4 per cent fall – the first drop in ten months – to £717 per month. However, the average rental yield is now at 5.3 per cent and property analysts believe rental growth will continue in 2012...

Posted on 25/05/2011

Millions say they will never buy a home

Market conditions are continuing to make it difficult for would-be home owners to get on the ladder.

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With market conditions continuing to make it difficult for would-be home owners to get on the ladder, the average age Britons expect to be able to buy their first property is now 38 years old...