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12th February 2010 Issue #64
Here we are with this week’s property news round-up. Following on from last week there is still plenty of news surrounding lending with Mervyn King stating that the mortgage special liquidity scheme will not be extended and lenders have slowly been creeping up their variable mortgage rates despite the Bank of England keeping rates on hold for 11 months.
Elsewhere the home-buying front is still proving challenging with the numbers of homes for sale at an all time low since 2007 and estate agents stating that snow and freezing conditions almost brought the property market to a halt last month. Also this week, it’s been confirmed that home repossessions hit an all time high in 2009 with around 46,000 people having their property repossessed.
Finally this week, the simple garden shed is evolving with the launch of the slightly ‘hobbit’ styled ‘Dome Home’ – no, you haven’t fallen into a Lord of the Rings scene - this is a new development set to sweep the country – or so they say.
The Bank of England Governor Mervyn King has said that the mortgage special liquidity scheme will not be extended.
Telegraph, 10/02/10
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Although the Bank Rate has stayed at an all-time low of 0.5pc for almost one year don't be fooled into thinking your mortgage rate has remained unchanged.
Telegraph, 10/02/10
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The number of homes on the market fell to a two-and-a-half-year low during January as sales picked up despite the winter weather, research showed today.
Telegraph, 11/02/10
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Snow and freezing temperatures almost brought the property market to a halt last month, according to estate agents.
Telegraph, 09/02/10
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The number of people who lost their homes soared to a 14-year high during 2009, figures showed this week.
The Independent, 11/02/10
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If you’re looking to develop a tricky city site, paying a visit to an ‘urban dentist’ could be well worth your while.
The Sunday Times, 07/02/10
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Mud hut? Deserted Hobbit domain? Or somewhere to have parties? It may look as if the Dome Home has escaped from the set of Lord of the Rings, but it may soon be appearing in gardens all over the country as the new alternative to the garden shed.
Telegraph, 09/02/10
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