New research has showed that house prices for first time London buyers have soared by over 250 per cent in the last ten years. Today the average cost of first time buyer properties is nearly £260,000. Home buyers getting on the property ladder paid an average of £159,494 for a property in 2007, a staggering …
Category Archives: Property Finance
Fixed Rate Mortgages Decline
Tracker rate mortgages have been extremely popular in February, according to the Council of Mortgage Lenders borrowers selecting fixed rate mortgage deals decreased to 52 per cent, in fact the lowest since March 2005. In the other hand tracker rate mortgage acquisitions increased to 35 per cent, from 33 per cent in January. The CML …
CML Says Equity Release Mortgages Market is Not Performing
The CML reported that the equity release mortgages sector is not performing well. Equity release allows home owners to release cash from their property. However the CML believes that the poorest people in the UK are not helped by equity release mortgage deals, due to a number of factors including the Government’s position regarding equity …
New Property Fund Launched by GIC Real Estate
The Singapore based global investment management company, GIC Real Estate, has teamed up with Orchard Street Investment Management, a specialist UK commercial property adviser, to raise the Property Development Finance fund worth £300 million. This property fund is set out to invest on up to 15 separate acquisitions over a period of 3 years that …
UK Property Market Benefiting from High Profile Overseas Investors
Affluent foreign investors are turning into the UK’s property market, accounting for over nearly a third of London’s high-value property buyers. The UK’s property investment potential is being boosted by increasing worldwide wealth, mainly from East European countries and Russia. Research by property company Frank Knight revealed that 37 per cent of London properties in …