Archive for March, 2014

‘House prices can’t rise faster than wages forever’: Banks face tests on property crash and rate rises as Treasury official warns on bubble

Posted: March 27th, 2014 | Posted by: admin

  OBR warns ‘house price to income ratio has been growing for the last 40 years but that cannot go on forever’ Bank of England says mortgages larger than four times salary at highest level since 2005 House prices up £17k in a year, but wages rise just £417 The Bank of England will test […]

Posted in House Prices | No Comments | By: admin

Interest rates could rise sixfold in three years

Posted: March 18th, 2014 | Posted by: admin

Interest rates will rise six-fold by 2017 as Britain’s economy becomes one of the fastest growing in the developed world, the Bank of England Governor said on Tuesday. The increase to more “normal” levels will be welcomed by many savers who have faced record low rates for more than six years, but is likely to plunge […]

Posted in UK Interest Rates | No Comments | By: admin

Renovation – March News

Posted: March 18th, 2014 | Posted by: admin

5 Important Factors To Take In to Consideration Before You Carry Out Any Renovation On Your Property Knowing when to bow out and leave it to the pros is a decision that can save time, money and stress to any homeowner. When you’re sitting on the fence about doing the project yourself or hiring someone to do […]

Posted in Renovation | No Comments | By: admin

Mortgage approvals at their highest since late 2007

Posted: March 12th, 2014 | Posted by: admin

The number of new mortgage loans being approved for home buyers has reached its highest level for more than six years. The Bank of England says the number of mortgages approved, but not yet lent, was 76,947 in January. The figures suggest that sales will grow strongly in the coming months, which is likely to push […]

Posted in Mortgages | No Comments | By: admin

UK house price rises accelerating, says Halifax

Posted: March 12th, 2014 | Posted by: admin

House prices are continuing to accelerate across the UK, according to the latest snapshot from the Halifax mortgage lender. Its latest survey, for February, shows that prices rose by 2.4% last month, leaving them 7.9% higher than a year ago. That was the fastest annual pace of increase since October 2007 and means the average […]

Posted in House Prices | No Comments | By: admin