Primelocation

Rise in singles puts extra pressure on housing: Primelocation

A big increase in single households could help drive another house price bubble after the economy recovers, a new survey suggests.
For full story go to http://www.primelocation.com/news/rise-in-singles-puts-extra-pressure-on-housing/

Stricter Mortgage regulation on way: Primelocation

A much stronger system of mortgage regulation looks inevitable, following the publication of the Turner Review of banking. Borrowers requiring large mortgages as a proportion of a home’s value or their household’s income will be more likely to have their applications rejected.
For full story go to http://www.primelocation.com/news/stricter-mortgage-regulation-on-way/

The blight of empty homes: Primelocation

Councils are being urged to bring empty homes back into use, after the biggest annual increase in vacant properties in 17 years. Housing minister Margaret Beckett is telling councils she wants them to take action to compensate for the shortage in new dwellings by ensuring that more empty homes are reoccupied.
For story go to http://www.primelocation.com/news/the-blight-of-empty-homes/

Home enquiries up: Primelocation

Encouraging signs are appearing that people want to buy houses again - yet enquiries are still failing to convert into sales.
For story go to http://www.primelocation.com/news/home-enquiries-up/

Bank of England gets desperate: Primelocation

Base rates have been cut to a new all-time low of a mere half a per cent, the Bank of England has announced. Underlining the weakness of the economy, the Bank also confirmed expectations that it is to increase money supply through an unfunded £75bn asset purchase programme.
For story go to http://www.primelocation.com/news/bank-of-england-gets-desperate/

Northern Rock resumes lending: Primelocation

Northern Rock has been given the go-ahead by the Government to make £14bn of new mortgage lending available over the next two years. The move could provide an important stimulus to the housing market.
To read the full story go to http://www.primelocation.com/news/northern-rock-resumes-lending/

Affordable housing supply dries up: Primelocation

The supply of new affordable homes has dried up in recent months, with local authorities losing their ability to force developers to provide cheap new homes as part of estates of houses for sale.
For full story go to http://www.primelocation.com/news/affordable-housing-supply-dries-up/

Mortgage lenders hold onto rate cuts: Primelocation

Mortgage lenders’ have failed to pass on much of the cut in base rates, with margins between the base rate and lenders’ Standard Variable Rates more than doubling over the last year.
For ful story go to http://www.primelocation.com/news/lenders-hold-onto-rate-cuts/

Call to cut VAT on building repairs: Primelocation

Tens of thousands face repossession: Primelocation

Half a million homeowners will fall into serious mortgage arrears this year because of the economic crisis, predicts the Council for Mortgage Lenders. There are now expectations that tens of thousands of families will be evicted by banks and building societies this year.
To read the full story go to http://www.primelocation.com/news/property-auctions-to-increase-as-tens-of-thousands-face-repossession/