Primelocation

Prime London leads market recovery: PrimeLocation

House prices rose slightly in May, according to the latest index from Nationwide – indicating that the property market may have bottomed-out. In particular, there are growing indications of higher demand for prime properties in London.
For story go to http://www.primelocation.com/news/prime-london-leads-market-recovery/

Home improvement costs may rise: PrimeLocation

Homeowners who buy conservatories and make other home improvements will have to meet tougher energy efficiency obligations under proposed new regulations expected to be endorsed by ministers in the coming days.
For story go to: http://www.primelocation.com/news/home-improvement-costs-to-rise/

Troubled times for buy-to-let: Primelocation

The buy-to-let market is being seriously damaged by the withdrawal of specialist mortgages, the latest figures from the Council of Mortgage Lenders reveal. Yet for those who can access finance, the rewards from letting property remain strong.
For story go to http://www.primelocation.com/news/troubled-times-for-buy-to-let/

Preventing house price booms: Primelocation

Homebuyers may face limits on the size of their mortgages to prevent future house price booms, the Financial Services Authority has indicated.
For story go to http://www.primelocation.com/news/preventing-house-price-booms/

Recovery could be in sight: Primelocation

There are further signs of gradually improving health in the housing market, with higher levels of buyer inquiries recorded by chartered surveyors.
For story see http://www.primelocation.com/news/recovery-could-be-in-sight/

Landlords face registration: Primelocation

A national register of all landlords has been proposed by the Government and seems likely to be implemented as a matter of urgency. The registration could provoke widespread anger from small-scale landlords, who will resent the additional administrative obligation.
For full story go to http://www.primelocation.com/news/landlords-face-registration/

Boost for rental sector: Primelocation

Thousands of new homes could be built in London and the South East for private rental, as a result of a scheme launched by a government agency. The initiative would be a major boost for the troubled construction sector.
For full story go to http://www.primelocation.com/news/boost-for-rental-sector/

Licensed not to steal: Primelocation

A national licensing scheme for lettings agents has been launched, which could be extended to become a legal requirement. The move is intended to stamp out the exploitation of tenants, including by failing to repay deposits.
For full story go to http://www.primelocation.com/news/licensed-not-to-steal/

Negative equity: negative impact: Primelocation

About a million homeowners are in negative equity, a report from the Council of Mortgage Lenders estimates. The result could be a brake on the housing market not just for months ahead, but perhaps for a year or more. It is also a psychological hammer blow to homeowners’ sense of economic wellbeing.
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Mortgage approvals fall again: Primelocation

Hopes that the housing market was recovering have been dealt a blow by news that mortgage approvals fell in March. They had increased slightly in February, but the overall trend remains a reduction in mortgage finance for home purchases and re-mortgages.
For story go to http://www.primelocation.com/news/mortgage-approvals-fall-again/