London barometer February 27, 2014 EXECUTIVE DIRECTOR, DOUGLAS & GORDON VENDORS may still be hungry to cash in on the London market but indecisiveness about whether or not to sell is still proving a stubborn obstacle. Could 2014 be the year that homeowners decide to sell and the sales market experiences a resurgence in stock? Our January figures certainly support [...]
Mortgage payments will jump by billions if rates start to rise February 25, 2014 BRITISH home owners could be forking out an extra £2.2bn on mortgage repayments by the end of next year, according to a major bank’s forecast for the Bank of England’s next interest rate hike. In an adverse but realistic scenario, the projection suggests that repayments could rise by as much as £5bn by 2015, raising [...]
App used to help buy a house as Barclays and Savills strike a deal February 19, 2014 AN APP has been used to help purchase a house for the first time, following a new partnership between Barclays and Savills Auctions. Barclays Pingit app was used by a homeowner to put a £23,000 deposit on a house in Mitcham, South London this month. The partnership will enable Savills Auctions customers to make a [...]
Someone in London just bought a house with an app February 19, 2014 For the first time ever customers will be able to buy houses using their smartphones, thanks to a new partnership between Barclays and Savills Auctions. Barclays Pingit app was used to make a deposit for the first time this month – by a homeowner who splashed out £23,000 on a house in Mitcham, South London. [...]
What the other papers say this morning – 06 February 2014 February 5, 2014 FINANCIAL TIMES Super rich in London boost economy London’s super-rich are “major contributors to the UK economy”, spending £4bn a year on goods and services, according to new research that underlines the financial impact of the capital’s wealthiest homeowners.Foreign investment in London property has become a political issue, with overseas buyers blamed for pricing locals [...]
The main winners from Help to Buy? Rich men in London January 23, 2014 Nearly 40 per cent of would-be homeowners under the age of 40 are planning to apply for the government's controversial Help To Buy scheme in 2014, according to research from Experian Consumer Services. In November, Halifax and RBS reported strong interest in the first phase of Help to Buy receiving more than 2,000 applications in [...]
The rise of the London Village January 16, 2014 IT SEEMS these days everyone wants their slice of village life, even if they live and work in the heart of the city. The Big Smoke has always been made up of distinct neighbourhoods with their own character and lifestyle, but the idea of the London Village has really taken hold in the public imagination [...]
London housing outstrips country as prices rocket January 14, 2014 LONDON house prices are rising nearly four times as fast as properties outside the south east of England, as the recent heat in the housing market concentrates on the capital. The price of London property rose by 11.6 per cent in the 12 months to November 2013, while prices outside London and the south east [...]
Rail fare pain takes the savings shine off a move to the country January 6, 2014 THE COST of commuting could be putting off Londoners from buying a house outside of the capital, according to figures out today. Moving to a town in the Home Counties will save the average homeowner more than £10,700 a year on their mortgage, thanks to lower property prices. However, those who keep a job in [...]
Mortgage lending soars. But will it all end in tears? December 12, 2013 Lending to first time buyers rose dramatically in October, according to the Council of Mortgage Lenders. First time buyers advanced 26,800 loans in October, the largest number of loans in a monthly period since November 2007. Strong buyer interest is strengthening activity in the housing market but limited supply remains a major problem. House prices [...]