News For March 2008

Property auction offer 'better value for money'
Property auctions are offering better value for money than estate agents, according to Savills. ... Read more...

First-time buyers to benefit 'hugely' from mortgages decrease
First-time buyers will benefit "hugely" from the reduction in mortgage deals, according to Firstrung. ... Read more...

Leeds and Newcastle 'offer potential to buy-to-let investors'
Leeds and Newcastle are the two cities in the UK which are offering the best buy-to-let potential, according to BuyAssociation. ... Read more...

Interest-only mortgages 'can help young professionals'
Interest-only mortgage payments can be helpful for young professionals, according to the mortgage broker Alexander Hall. ... Read more...

King hints at interest rate cuts
Mervyn King, the Bank of England governor, has hinted that interest rates will be cut again in the near future as economic conditions continue to get tougher. ... Read more...

House prices to fall
House prices are predicted to fall 20 per cent in two years, according to Firstrung. ... Read more...

Mortgage approvals increase in February
The number of mortgage approvals in the UK increased in February, compared to the previous month. ... Read more...

Homeowners face lottery on Hips prices
Homeowners are facing a postcode lottery when it comes to the cost of Home Information Packs (Hips), according to Which? ... Read more...

First-time buyers told to commute
First-time buyers in London should look to commute into the city in order to save money, according to Hamptons International. ... Read more...

Competitive mortgage deals 'are out there'
Mortgage borrowers should be able to access competitive deals, despite the current financial climate brought on by the credit crunch, according to a survey. ... Read more...

Mortgage fraud crackdown to begin
Police in London are to step up their efforts to stamp out mortgage fraud in proposals which would highlight the impact that the problem has on properties and business. ... Read more...

Hips 'have not had negative effect on market'
People who forecasted that Home Information Packs (Hips) would have a negative effect on the housing market have got it wrong, according to the Association of Home Information Pack Providers (AHIPP). ... Read more...

CML plays down worry of interest-only mortgages increase
The rising number of people who are taking out interest-only mortgages is not necessarily a bad sign, according to the Council of Mortgage Lenders (CML). ... Read more...

Building societies 'not struggling'
Building societies are not struggling despite the uncertain financial conditions, according to the Building Societies Association (BSA). ... Read more...

First-time buyers squandering their money
Potential first-time buyers are spending the money they have saved towards a deposit on other things, according to a new report. ... Read more...

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