Property Investor Show Excel London
The Property Investor Show 2009 opens this week at the Excel in London this week. The show opens on Thurs 22 and runs til Sat 24th October. The show is a place where property investors can find a wealth of information about the property market, not just in the UK but abroad as well. As [...]
RICS Launch Planning Mediation Service
The Royal Institute of Chartered Surveyors (RICS) is launching a planning mediation service to help relieve the cost and strain of the planning appeals process for UK developers. This service has been introduced in response to the UK government commissioned Killian Pretty Review, which recommended that mediation be used as a tool to alleviate the [...]
Lloyds & RBS Sell Repossessions To Themselves
A story reported in the Times Online says that LloydsTSB and Royal Bank of Scotland are selling their repossessed property to subsidiaries rather than on the open market in order to avoid incurring huge losses. The susidiaries pay a ‘fair’ price for them and the hope is that these properties will be sold once the [...]
Mortgage Lending Declines Further
The Council of Mortgage Lenders (CML) today announced the results of it’s latest survey into mortgage lending, According to there figures lending has declined further in January 2009. Despite successive interest rate cuts lending for first time buyers declined by 51% over this time last year, with lending for remortgages and home movers decliining by [...]
Interest Rates Cut But Will Banks Improve Lending
The Bank of England today lowered interest rates to a 300 year low today to just 0.5%, but will this get the banks lending again or is the market just too fragile to see improvement?
The interest rate cut was widely expected, although savers pleaded with the bank to think of them when making their monthly [...]