Insurance News Archive
- 31 Dec 2008
Houses 'most Affordable For Five Years'
Halifax - which conducted the study - says the ratio of average house prices to earnings has declined from a peak of 5.84 per cent in July last year to 4.56 per cent in November. - 31 Dec 2008
Landlords 'calling For Changes To Stop Rent Cheats'
Proprietors in the region say they are losing thousand of pounds because renters spend the money they get from the government rather than paying it to landlords, according to the Scunthorpe Telegraph. - 30 Dec 2008
Holiday Landlords "have More Control"
Tony Briscoe, director of DHC Accounting, says many proprietors prefer to let out their properties for holiday rentals because of they are more involved in its maintenance. - 30 Dec 2008
Housing Market Will 'plateau' In New Year
Luke Bennett, founder and managing director of SW19, says people alter their perceptions coming out of Christmas and at the start of a new year and decide they want to do new things, like moving house. - 29 Dec 2008
Equity Withdrawal 'falls Again'
Equity withdrawal was negative for the second quarter in a row, falling to minus £5.7 billion in the three months to the end of September, according to the Bank of England. - 29 Dec 2008
First-time Buyers 'will Get More Value For Money'
Paul Holmes, chief executive officer of Firstrung, says low-rate mortgages are going to assist first-time buyers in safe employment who are able to save up a deposit, as they will get "more bang for their buck". - 24 Dec 2008
House Prices 'could Fall By 10%'
The Royal Institution of Chartered Surveyors (Rics) anticipates that property values will decline by at least a quarter from their peak in the summer of 2007. - 24 Dec 2008
Landlords Urged To 'keep Up With Repairs'
Maroof Hussain, of Windmill Street, Millfield, was told to make repairs to his property following inspections by housing enforcement officer Peter Bezant, but failed to carry them out. - 23 Dec 2008
Equity Schemes 'lower Risks For Lenders'
Helen Adams, managing director of FirstRungNow.com, asserts that mortgage lenders can be reluctant to lend to first-time buyers, but shared equity schemes such as the government's HomeBuy Direct help to lower the uncertainties for providers. - 22 Dec 2008
MPs 'need To Incentivise Mortgage Lending'
The Council of Mortgage Lenders (CML) says the future of the housing market depends on the government. - 22 Dec 2008
Second-home Owners 'driven To Holiday Letting'
Letting out second properties is likely to accelerate next year as owners look for another source of income in the credit crunch, says Simon Law, vice president of property recruitment at the Holiday Cottages Group. - 19 Dec 2008
Estate Agents 'optimistic' About Property Market
Ian Fraser, franchisee of Winkworth Islington, told the Telegraph that he expects falling interest rates to make houses more affordable and the falling value of the pound to attract overseas buyers.
