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Property News September 2009 - Monday, October 5, 2009
Property prices in the UK have now risen for five months in a row, according to the latest information. Nationwide Building society has recently stated that house prices increases by 0.9% in September. Now house prices stand at the same level they did 12 months ago. This is good news for those looking for a quick property sale but it is still worth bearing in mind they are down 13.5% from the height of the market in October 2007.
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NATIONWIDE FIRST TO LURE BORROWERS IN NEGATIVE EQUITY WITH MORE CASH TO BUY HOUSES - Friday, July 10, 2009
The Nationwide Building Society are to offer new customers who are currently in negative equity up to 125% LTV when they are looking to move house. This move has sparked much debate with some analysts suggesting that this is the return of irresponsible lending on the high street. Others suggest that the only way to increase the number of house sales quickly is for lenders to offer flexible products.
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Borrowers Predict Interest Rate Rise - Friday, June 26, 2009
According to Legal & General, some 87 per cent of home owners chose a fixed-rate mortgage product during the second quarter of 2009. This is due in part to the perception that interest rates are on there way up.
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Private tenants to receive greater protection when landlords are repossessed. - Monday, June 15, 2009
The government is planning to close a gap in the law that until now has potentially allowed tenants to be repossessed with little notice. In the past two years buy-to let repossessions have increased sharply.
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House Prices Will Stop Falling and Rental Sector to Experience a Boom - Friday, June 12, 2009
Leading figures in the property industry agreed that house prices will stop falling this year at the Land Data Great Housing debate, hosted by Wriglesworth Consultancy. This will be good news for those who need a fast property sale.
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Has responsible lending stopped repossessions increasing? - Wednesday, May 20, 2009
According to the Finance and Leasing Association (FLA), responsible lending has stabilized repossession levels. The FLA represents 80% of second charge lenders in the UK. Of the 10,000 repossessions in the first quarter of 2009 only 373 were due to members of the FLA. This reflects the same levels of the first quarter 2008.
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First Time Buyers (FTB) affordability has improved substantially - Thursday, May 07, 2009
This according to the Halifax FTB affordability review. It stated the house price to earnings ratio is the lowest it has been for 6 years. Martin Ellis housing economist for the Halifax said:
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How do I sell my house fast? - Wednesday, April 29, 2009
Data released this month by HMRC shows that completed house sales in the UK have risen by 40% Whether this is the start of a recovery in the housing market or just a seasonal blip is yet to be seen. The blockage in the mortgage market does show signs of easing with more affordable products being offered by lenders. Estate agents are reporting buyers with lending in place are making offers.
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A QUICK HOUSE SALE COULD BE THE SOLUTION - Wednesday April 15, 2009
Rapid Home Solutions is a leading property purchasing company. In the last 5 years, Rapid Home Solutions has helped hundreds of clients sell their hose quickly and their service has never been as relevant as it is in today’s difficult market conditions.
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Beware of the “Green Shoots Of Recovery”- Wednesday April 15, 2009
Good news! Property prices increased by 0.9% last month and mortgage approvals rose to 37,937 in February, the highest since May 2008. Whilst this appears to be the end of the property downturn you need to look at the overall picture.
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Repossession Time Bomb- Monday March 15, 2009
This year, it is estimated up to 75,000 homes will be repossessed in the UK.
Rapid Home Solutions can help you avoid repossession by buying your house fast for cash. Before you take up this option you should explore other options to get back on track with your mortgage payments and stop repossession. You can look at cutting back expenditure, renting out a room in your house or taking on an extra job.
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