News archive for April 2009

  • house prices fall slightly in April Apr 30 2009

    House prices fell again in April according to the latest analysis by the Nationwide. But once again, there are signs that the pace of the decline is slowing.

  • applications and arrears soar at Northern Rock Apr 23 2009

    Mortgage applications to Northern Rock in March increased by 70 per cent compared with February.

  • Barclays to lend another £11 billion Apr 23 2009

    Barclays has said that it will increase lending this year by £11 billion. Half of that total, £5.5 billion will be set aside for mortgage lending on residential properties

  • budget boosts lending and construction Apr 22 2009

    Mortgage lending should improve thanks to a £50 billion mortgage guarantee scheme announced in the budget today. At the same time, another £500 million could help the construction sector to survive the downturn. And most Scots will continue to avoid Stamp Duty for the rest of this year.

  • property sales leap in March Apr 22 2009

    The number of homes sold in the UK rose sharply in March compared to February.

  • mortgage support for struggling homeowners Apr 21 2009

    The Homeowners Mortgage Support scheme (HMS), which allows struggling homeowners to delay mortgage interest rate payments for up to two years, came in to effect today.

  • Scotland escapes worst of negative equity Apr 17 2009

    Scotland has by far the fewest home owners in negative equity, confirming the nation’s reputation for greater price stability and our more cautious approach to spending and borrowing on property.

  • Four million buyers plan to cash in on cheaper homes Apr 16 2009

    More than four million home-owners are watching the property market with an eagle eye so they can cash in on cheaper home-ownership before prices start to rise.

  • UK House prices will bottom out this year Apr 16 2009

    Housing affordability has improved so much that prices will bottom out this year and could recover slightly next year according to a new analysis by Lombard street Research (LSR).

  • Key indicators show signs of improvement says RICS Apr 15 2009

    A rise in buyer enquiries for the fifth month in a row and an improvement in newly agreed sales prompted the RICS to comment today that ‘The tentative signs of a pick-up in [property market] activity have become more broadly based’.

  • rates on hold as Bank keeps spending Apr 09 2009

    As expected, the Bank of England kept interest rates at 0.5 per cent today and confirmed that it would continue with its programme of ‘quantative easing’ to pump money back in to the economy.

  • HSBC offers 90 LTV mortgages Apr 09 2009

    HSBC is to increase mortgage lending and re-introduce 90 per cent loan to value (LTV) mortgages.

  • mortgage rates: as low as they go? Apr 09 2009

    Mortgage interest rates may have hit rock bottom. An analysis by Moneyfacts shows that less than third of lenders cut their standard variable rate (SVR) in response to the latest cut in rates by the Bank of England.

  • Halifax and Nationwide in harmony despite March figures Apr 03 2009

    No sooner does the Nationwide declare that house prices rose by almost one per cent in March than its rival, The Halifax, concludes quite the reverse and reports that average prices fell in March by almost two per cent. Nevertheless, both indices could be pointing in the same direction.

  • signs of stability in Scotland’s largest property market Apr 02 2009

    The pace at which house prices in Glasgow and west central Scotland are falling has slowed in the last three months, raising the possibility that the worst of the falls in price are now behind us.

  • house prices up in March: Nationwide Apr 02 2009

    House prices rose unexpectedly in March according to the Nationwide, although prices across the UK remain nearly 16 per cent lower than a year ago. In Strathclyde, price falls have been limited to 10 per cent or less depending on area.

  • more mortgage choice Apr 02 2009

    The number of live mortgage ‘products’ has gone up for the first time in eight months, according to the latest analysis by Mortgage Brain.

  • help for first time buyers Apr 02 2009

    The Scottish Government has expanded its Open Market Shared Equity Pilot scheme, offering a new route into home ownership for first time buyers.

  • landlords buying more property Apr 02 2009

    Landlords are buying more properties than they are selling for the first time in two years, according to the Association of Residential Letting Agents (ARLA). And low interest rates could give the private rented sector an added boost.

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