Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it
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Monday, 18 January 2010 10:49 |
Landlords were enjoying a 7.6% annual return on their investments by the end of December, according to the latest Buy-to-Let Index from LSL Property Services. With the value of their properties rising by 3% over the year and rental income after void periods adding a further 4.6%, a typical landlord made a return of £12,740 in 2009. By contrast, in 2008, a typical landlord lost 8.8%, even after allowing for rental income, representing a total loss of £15,100. "It's now clear that the private-rented sector is recovering well from a period of instability," said Chris Norris, policy manager at the National Landlords Association. "What we need to see is the opening up of credit so that those landlords wishing to expand portfolios are able to do so." |
Stamp Duty Holiday is over |
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Monday, 04 January 2010 09:13 |
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The Government's stamp duty "holiday" came to an end on 31st December 2009. From 1st January 2010 any house purchases over £125,000 will once again attract Stamp Duty Land Tax. |
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Thursday, 31 December 2009 08:58 |
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House prices recorded a 0.9% rise during November, meaning the annual rate of decline in the property market has eased for the seventh month in succession. Figures released by the Land Registry show a clear improvement in the average price of a home in England and Wales. Six straight months of growth have seen the value of the average property rise to £161,554, up from £159,546 at the end of October. The rate of annual change remains in negative territory but the margin of difference is closing and could be positive by next month. Last month's figures showed that prices were some 3.4% down on the same period 12 months previously. November's figures show that gap has been reduced to a mere 0.3% |
Last lender ditches self-cert |
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Friday, 13 November 2009 14:02 |
As reported in Mortgage Solutions today, 13 Nov 2009: Beacon Home Loans has today withdrawn from the self-certification market. There are now no UK mortgage lenders active in the sector. The news comes hard on the heels of Platform's exit from self-cert announced on 4th November.MortgageFinders believes that the industry needs to urgently find a solution to this issue as without one many self employed individuals will find themselves unable to get a mortgage in the future. |
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