Mortgage Blog

Countrywide in takeover offer

MortMan — Sun, 18 Feb 2007 23:27:11 +0000

Estate agency Countrywide plc, the owners of national property agents Bairstow Eves and others, has received a possible takeover offer from ...

Estate agents targeted by 'illegal' Home Information Pack providers

MortMan — Sat, 10 Feb 2007 13:28:40 +0000

Estate agents are being contacted by a number of 'illegal' HIP providers, including several companies based offshore, as the HIPs ...

January house prices 'rose 1.3%'

MortMan — Wed, 07 Feb 2007 16:46:46 +0000

UK house prices are still rising strongly despite recent interest rate rises, according to the country's biggest mortgage lender, the ...

UK New Build Update: NHBC to work with MDA on new build HIPs

MortMan — Fri, 17 Nov 2006 07:00:00 +0000

MDA Advantage, a home information pack (HIP) provider and NHBC, the warranty and insurance provider for new homes, have announced ...

Portman increases SVR by 0.24% to 6.99%

MortMan — Thu, 16 Nov 2006 10:05:19 +0000

Portman Building Society will increase its Standard Variable Rate by 0.24% to 6.99% with effect from 16 November 2006 for ...

New home buyers returning to market, says SmartNewHomes

MortMan — Sat, 11 Nov 2006 10:00:00 +0000

October has seen new home buyers return to the market in their droves with a record number of site visits and searches, says SmartNewHomes.com.

The average price of a new home is up 1% since July and up 0.7% since the same time last year.

Following its recent fall in popularity the new detached home has made a come back in October with the average price up 3.6% on the previous month – the biggest recorded price growth across the mix.

In contrast, the townhouse has experienced a fall over the same period, with average prices now just over £240,000.

SmartNewHomes.com also records how much home buyers indicate they are willing to pay for a new home.

Buyer confidence has continued to rise steadily this month as the price buyers are willing to pay for a new home (demand price) continues to increase, reflecting the upward turn in the current price of a new home across the UK (stock price).

October has proved a positive month for new home buyers as record numbers search the SmartNewHomes.com site for a new home. Prices are now back on track for a positive end to 2006, overtaking those prices experienced at the same time last year.

The average price of a new home reached £257,036 in October, compared with £255,327 in October 2005, resulting in a 0.7% annual price increase.

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UK Mortgages: Interest rates hit a five-year high

MortMan — Thu, 09 Nov 2006 08:53:20 +0000

Today the Bank of England raised interest rates by a quarter per cent to 5 per cent, its highest level ...

UK: movewithus introduces product that unlocks 80% of equity

MortMan — Mon, 06 Nov 2006 08:00:00 +0000

movewithus will be launching a new product that will give UK residents the ability to immediately unlock 80% of the ...

The Bank Of England

MortMan — Wed, 01 Nov 2006 07:41:11 +0000

I posted a new photo to Photos.