Archive for September, 2008
Home rentals “up by 20%”
The number of people renting a home has soared by nearly 20% during the past three months as the housing market turmoil puts people off buying a property, a survey showed today.
Around 64% of letting agents outside of London said demand for rental property outstripped the number of homes they had on their books, falling [...]
Price of auctioned homes falls 25% in a year
Desperate sellers forced to accept sizeable cuts but buyers with deposits are snapping up bargains.
The price of houses sold at auction has fallen by almost a quarter during the past year, according to figures highlighted by the Liberal Democrats.
The average price of the 3,993 houses sold by auction between June and August this year was [...]
Amateur landlords, beware
In some parts of Scotland, homeowners who feel they may not get the price they want by selling their home now are opting to rent the property out in the hope that rental income will cover costs until the market picks up.
Lynn Hilton, an experienced lettings agent with Cluttons, said: “Many new landlords are not entering [...]
What does Lehman Brothers fall mean to you?
The collapse of Lehman Brothers has rocked the financial world, but what does a US investment bank’s fall mean for UK consumers
Will British consumers be hit by the Lehman Brothers collapse?
Lehman Brothers is an investment bank, so people do not have Lehman Brothers savings accounts, mortgages or pensions. The vast majority of UK borrowers [...]
