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Welcome to this week’s top property news round-up. Whilst it was feared that the impending election would cause the property market to come to a standstill, the latest Rightmove House Price Index suggests spring sellers are ignoring pre-election concerns and have increased average asking prices by 2.6% (£5,898) in April.
Meanwhile there’s mixed news in the market with regard to first-time buyers, as it’s been recorded that their numbers have dropped below 350,000 for the first time in two decades, with the lack of deposit being blamed as lenders reserve the best rates for those looking to borrow less than 60% of the value of their home. But, on the other hand, research from unbiased.co.uk suggests that there’s ‘more incentive than ever' for those looking to buy their first home.
And finally, figures have suggested that house sales in the UK are continuing to revive after their post-Christmas slump; HM Revenue & Customs said sales rose by 13,000 in March from February to 72,000, a jump of 22%.
Legal & General has launched a new mortgage where applicants do not need to be credit scored.
The Telegraph, 20/04/10
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The number of first-time buyers has dropped below 350,000 for the first time in two decades, figures have suggested.
The Telegraph, 21/04/10
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House sales in the UK are continuing to revive after their post-Christmas slump, figures have suggested.
BBC News, 22/04/10
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There is more incentive than ever for potential first-time buyers to look into getting a foot on to the property ladder, it has been suggested.
www.houseladder.co.uk, 22/04/10
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Mortgage lending jumped to £11.5bn in March, a 24% rise from February the Council of Mortgage Lenders (CML) said.
BBC News, 19/04/10
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The latest Rightmove House Price Index suggests spring sellers are ignoring pre-election concerns and increase average asking prices by 2.6% (£5,898) in April.
PropertyTalkLive!, 19/04/10
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Country property prices in the UK continued rising in the first quarter of this year, up 2%, and are now 4.3% higher than they were a year ago, according to the latest price index.
Property Wire, 20/04/10
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