Mortgage lending boost from first-time buyers, says CML

First-time buyers continue to account for a large chunk of the UK mortgage market, lenders´ data suggests. This group of house buyers took 42% of all home loans for house purchases during January, the Council of Mortgage Lenders (CML) said. The rate has been unchanged for three months, but it is still higher than the more

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Former squat sells for £80 million

The end-of-terrace house, One Cornwall Terrace, is a seven-bedroom property occupying 21,500 sq ft opposite London´s Regents Park. A former ambassadorial home, it went on the market in November for £100 million after an extensive overhaul. It was snapped up for £20 million less than the asking price by British property mogul Marcus Cooper, but more

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Housing market continuing to improve

The UK housing market is continuing to show signs of improvement, according to the latest survey from the Halifax. House prices rose by 0.5% in February, it said, with property values now 1.9% higher than a year ago. The average property now costs £163,600. Halifax also said housing sales had continued on a "modest upward more

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Greater confidence as mortgage availability improves

Confidence among intermediaries about mortgage market conditions is at its highest level than at any point in the last twelve months, but they are not quite as optimistic as lenders, according to the latest intermediary survey from the Intermediary Mortgage Lenders Association (IMLA). Over a third of broker firms (37%) believe market conditions are currently more

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Housing market recovery underway but message needs to reach sellers.

The CML has said the recovery may be easily overlooked with consumer sentiment having not yet caught up, something that Brendan Cox, Managing Director of Waterfords estate agents strongly agrees with and believes will make a difference to further activity. "The CML has published ten reasons for the markets positive outlook, all of which directly more

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Housing Crisis to be one of the major battlegrounds of the 2015 election.

As the debate continued, this was the one point upon which all could agree: parliament must find a way to make sure that private landlords provide enough homes that are "stable and secure, affordable and of a decent standard". Shadow housing minister, Jack Dromey, used the session to move a motion stating "this house recognizes more

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Lloyd´s Bank to help first time buyers

Lloyd´s Bank sets aside billions of pounds to help first-time buyers get on the property ladder. The banking group, whose brands include Halifax and Bank of Scotland, expects the £6.5bn pledge to assist around 60,000 first-timers to buy their first home by the end of 2013. Lloyds promised to lend £5bn to support 50,000 first more

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Market thaws as new seller numbers jump 22% and Rightmove traffic swells

Rightmove’s January House Price Index reports that sellers coming to market this month increased their average asking prices by 0.2% (+£440) to now stand at £229,429. With new seller prices up by 2.4% (+£5,369) year-on-year, more sellers coming to market, and a new year jump in Rightmove traffic, early indicators offer reasons to be confident more

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Your five step guide to buying property in the UK

Buying a home is never a simple process, understanding some of the basics of UK property buying systems will help to make the process easier Buying a house abroad is exciting and daunting in equal measures. Buying a home, especially in London is probably one of the most sensible investment decisions you could make this more

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