The housing market in England and Wales strengthened modestly in November, with the smallest year-on-year drop in house prices since May 2008, a survey by property data company Hometrack.
Price rises were heavily concentrated in London and south-eastern England, which reported price rises in 79 percent and 57 percent of post code areas compared to just 37 percent on average nationally. House prices rose in just 6 percent of post code areas in northern England, the most depressed region.
Hometrack's survey was based on responses from 1,804 estate agents and surveyors.
Monday, 30 November 2009
Tuesday, 24 November 2009
Friday, 30 October 2009
GMAC Ordered To Pay Back 46,000 Customers
The GMAC-RFC mortgage lender has been fined £2.8m by the Financial Services Authority (FSA) for mistreating customers who fell into arrears.
It has also been told to repay £7.7m, plus interest, to 46,000 of its borrowers.
The FSA said the company levied unfair charges on borrowers who fell behind with their repayments and was too eager to repossess them.
GMAC-RFC apologised and admitted some its charges had been excessive.
"In hindsight, we fully accept that for certain fees our estimates of the costs were not proportionate to the additional administration actually required," said a spokesman for the lender.
"We will be writing to customers who incurred these specific charges when in arrears and will re-credit the charges plus interest," he added.
BBCONLINE
It has also been told to repay £7.7m, plus interest, to 46,000 of its borrowers.
The FSA said the company levied unfair charges on borrowers who fell behind with their repayments and was too eager to repossess them.
GMAC-RFC apologised and admitted some its charges had been excessive.
"In hindsight, we fully accept that for certain fees our estimates of the costs were not proportionate to the additional administration actually required," said a spokesman for the lender.
"We will be writing to customers who incurred these specific charges when in arrears and will re-credit the charges plus interest," he added.
BBCONLINE
Monday, 26 October 2009
Buy to Let is Back
Investors with ready cash and an eye for repossessions revive buy-to-let market
Buy-to-let investors are back, according to the latest figures, which show that estate agents have reported an increase in landlords buying property in the past three months.
Figures compiled by the Royal Institution of Chartered Surveyors (RICS) for The Times showed a 2 per cent increase in the number of surveyors that reported an increase rather than a fall in buy-to-let demand in the three months to September.
However, investors are no longer interested in snapping up city-centre flats; RICS reported increased demand for houses from buy-to-let landlords, with 5 per cent more surveyors reporting an increase, while there was a sharp drop in demand for flats, with 15 per cent of surveyors reporting a fall rather than a rise.
Times online
Buy-to-let investors are back, according to the latest figures, which show that estate agents have reported an increase in landlords buying property in the past three months.
Figures compiled by the Royal Institution of Chartered Surveyors (RICS) for The Times showed a 2 per cent increase in the number of surveyors that reported an increase rather than a fall in buy-to-let demand in the three months to September.
However, investors are no longer interested in snapping up city-centre flats; RICS reported increased demand for houses from buy-to-let landlords, with 5 per cent more surveyors reporting an increase, while there was a sharp drop in demand for flats, with 15 per cent of surveyors reporting a fall rather than a rise.
Times online
Tuesday, 29 September 2009
Tuesday, 28 April 2009
Albion Pub For Sale
The Albion Pub
Churchfield Road
London
Greater London
W3
Existing: 4650 sq/ft*
£ 895,000 + VAT
Freehold
Former public house on three floors under a pitched roof centrally located close opposite Acton Central Station. The gross existing floor area is approximately 4650 sq.ft. The property is suitable for conversion to residential subject to the usual permisions.
Tuesday, 4 November 2008
Fulham lettings agents: Lettings in London SW6
Fulham is adjacent to Chelsea and extremely popular with young professional singles and families. Originally, the area was a market garden and the architecture is mostly Victorian offering a range of family houses and converted flats. Fulham is in high demand with its direct links into the City and offers easy access to West London (i.e. Hammersmith, the M4, Heathrow Airport) and to the South West via the A3.
The abundance of Montessori Schools, nurseries and Prep schools make Fulham a popular choice for many young families, add to this the fact that the area has four parks, all with children's facilities and tennis courts. The local Hurlingham Club and Harbour Club serve more sporty residents.
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