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As housing market activity remains subdued mortgage lending is still slow on the increase, with research from the British Bankers’ Association showing that net lending during April was down to the lowest level since February 2001. But on another note, the fraught buy-to-let mortgage sector has received a boost with the launch of a new lender in the sector.
The planned government shake-up of capital gains tax is starting to make second homes a less attractive prospect for buyers, as many estate agents are speaking to people worried about the changes which are expected next month, that could mean second-home owners facing tax bills of tens of thousands of pounds.
And finally, the new owners of the latest seafront property to hit the market should have little trouble finding their way home. The 1,000-watt lamp at Point Lynas lighthouse can light the way for 20 miles as it keeps shipping away from the rugged coast of north Anglesey. Now the working lighthouse near Amlwch and its surrounding cottages have been put up for auction with a guide price of £1.2 to £1.5million.
The beleaguered buy-to-let mortgage market has received a boost with the launch of a new lender in the sector.
The Telegraph, 24/05/10
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Net lending during April was down to the lowest level since February 2001, says the British Bankers' Association.
The Guardian, 26/05/10
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A planned government shake-up to capital gains tax could soon make second homes a less attractive prospect for buyers.
The Sunday Times, 23/05/10
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Property website reallymoving.com also reveals urban areas – particularly those around London – are falling out of favour with UK home movers.
The Guardian, 24/05/10
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A lack of supply is pushing residential real estate rents higher signalling a revival in the lettings market, according to a new report published today (Wednesday May 26). A more positive picture for the sector is due to a declining supply of both houses and apartments, according to the Residential Lettings Survey from the Royal Institution of Chartered Surveyors.
Property Wire, 26/05/10
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Homeowners who bought a property between 2006 and 2008 now have sufficient equity in their homes to remortgage on to a cheaper rate, research shows.
The Guardian, 25/05/10
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The new owners of the latest seafront property to hit the market should have little trouble finding their way home.
The Daily Mail, 24/05/10
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