http://www.wilson-nesbitt.com/articles/ Wilson Nesbitt Solicitors - Residential Property News RSS feed en-gb reception@wilson-nesbitt.co.uk,chris@flamegreen.com info@flamegreen.com 30 http://www.wilson-nesbitt.com/articles/1807/10032010/lenders_soften_approach_to_buy-to-lets.html 'Let Assured' have suggested that Lenders are now taking a more favourable approach to buy-to-lets in terms of the deposits required and the loan-to-value rations of their products. Borrowers will still largely need to find a deposit of 30%, but that will now get them access to... Wed, 10 Mar 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1805/08032010/many_svr_mortgage_holders_unaware_of_interest_rate.html A number of the UK's standard variable rate (SVR) mortgage holders are not aware of the interest rate that applies to them at present, new research suggests.This may be the case for as many as 29 per cent of these borrowers, Post Office Mortgages believes.Marco Hughes, the firm's... Mon, 8 Mar 2010 03:27:50 UTC http://www.wilson-nesbitt.com/articles/1802/08032010/government_scheme_to_help_make_houses_energy_efficient_welcomed_by_landlords.html The National Landlords Association (NLA) has said that private tenants and landlords would benefit greatly from the Government plans to encourage home owners to make their houses more energy efficient. The proposed Pay as You Save scheme would involve loans being made to property owners to... Mon, 8 Mar 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1788/01032010/february_saw_decrease_in_uk_house_prices.html February saw a decrease in UK house prices, according to Nationwide, with the firm recording a one per cent monthly fall.The organisation believes that the four-week period witnessed an average house price of £161,320.Chief economist at Nationwide Martin Gahbauer suggests that the cold... Mon, 1 Mar 2010 12:40:58 UTC http://www.wilson-nesbitt.com/articles/1787/26022010/energy_efficiency_may_play_greater_role_in_mortgage_market.html Energy efficiency might have a major impact on people's ability to gain mortgages in the future, according to one expert.People could be required to demonstrate their commitments to eco-friendly house improvements when seeking a mortgage, the National Home Improvement Council's (NHIC)... Fri, 26 Feb 2010 13:34:32 UTC http://www.wilson-nesbitt.com/articles/1785/26022010/housing_recovery_put_on_ice_by_bad_weather.html Bad weather is being blamed for keeping house hunters away in the month of February as house prices declined for the first time in 10 months. The latest monthly survey from Nationwide shows a 1% fall in house prices in February with the average house now costing £161,320. Other... Fri, 26 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1783/25022010/economic_downturn_forcing_people_to_rent_for_longer.html It is inevitable that many people in the UK are having to rent for longer periods of time, due to the effects of the economic downturn.That is according to the Residential Landlords Association's chairman Alan Ward, who believes that a lack of properties in the housing market has led to this... Thu, 25 Feb 2010 12:54:34 UTC http://www.wilson-nesbitt.com/articles/1780/24022010/buy_to_let_sector_becoming_over-regulated.html The recent outline by Government housing minister, John Healey, of new potential measures to improve the standards of rental property has been met with concerns that the buy to let market is being weighed down with red tape. Landlord Assist is just one organisation to come out and voice its... Wed, 24 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1767/17022010/estate_agents_to_move_out_of_the_shop_and_on_to_the_internet.html New research carried out by Movewithus has revealed that 1 in 3 estate agents want to move out of their high street shops and focus on their internet presence. Of those surveyed 94% in total said they will spend the next 10 years focusing on their website and how they operate online. The... Wed, 17 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1765/16022010/buyer_loses_legal_battle_to_win_back_apartment_deposit.html A buyer who entered into a contract in 2007 to purchase an apartment at 'The Bakery', on the site of the former Ormeau bakery in Belfast, has lost in his attempt to win back the deposit he had put down. Furthermore, the buyer, Stephen McKenna, has been ordered to pay the... Tue, 16 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1763/15022010/average_estate_agent_saw_rise_in_house_sales_last_month.html On average, British estate agents saw a rise in the amount of homes that they managed to sell in January, according to one organisation. Last month saw six properties sold by each agent, National Association of Estate Agents (NAEA) research has shown. This is said to have gone up from the average... Mon, 15 Feb 2010 13:10:30 UTC http://www.wilson-nesbitt.com/articles/1758/12022010/figures_show_buyers_rushed_to_beat_stamp_duty_in_december.html The Council of Mortgage Lenders have released figures showing that there was a clear rush by purchasers to beat the end of the stamp duty holiday in December 2009. There were 24,900 loans granted to first time buyers that month, an increase of 26% compared to the month before and the highest... Fri, 12 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1755/10022010/google_real_estate_to_be_launched_in_the_uk.html Google is widely rumoured to be on the verge of launching its online property search market in the UK. The service, called 'Google Real Estate', has already been successfully launched in USA, Australia and New Zealand, and almost immediately resulted in significant growth in online... Wed, 10 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1752/09022010/good_news_for_first_time_buyers_as_90%25_mortgages_start_to_return.html January saw mortgage rates on tracker deals reach a record low according to figures released from the Bank of England. The lower rates are however offered to those with larger deposits, but the good news for first time buyers is that there is evidence of a comeback for 90% mortgages. Lenders... Tue, 9 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1745/05022010/ni_housing_market_sees_price_reductions_ease.html The rate of house price reductions in Northern Ireland eased over the course of 2009, new figures have shown.University of Ulster's latest House Price Index reveals that between the beginning of last year and its final quarter, the price reduction rate went down from 35 per cent to reach a... Fri, 5 Feb 2010 12:57:59 UTC http://www.wilson-nesbitt.com/articles/1744/04022010/prs_could_help_meet_uk_housing_demand.html The high demand for housing in the UK could be addressed with the support of the private-rented sector (PRS), according to one political figure.It has been announced that a government-backed consultation is to look at the ways in which rental properties might improve the supply of affordable... Thu, 4 Feb 2010 15:09:10 UTC http://www.wilson-nesbitt.com/articles/1735/02022010/health_of_the_housing_market_may_have_been_overstated.html A monthly survey produced by Hometrack based on information gathered from 1,800 estate agents provides some perspective to the current confusion on the health of the property market. Just last month the general media carried the news of a 0.1% rise in house prices, yet estate agents,... Tue, 2 Feb 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1733/01022010/demand_for_gb_coastal_properties_will_stay_strong.html The large demand that exists for coastal properties across the British Isles has been emphasised by one expert.According to iammoving.com's partner relationship manager Jon Brown, it is likely that such properties will continue to be sought after in the near future."These properties... Mon, 1 Feb 2010 12:33:29 UTC http://www.wilson-nesbitt.com/articles/1730/29012010/uk_house_prices_rise_12%25_during_january.html The property market continues to recover at a faster pace than the rest of the economy with yet another month of house price increases recorded in January. The strong 1.2% increase is more than double the 0.5% rise of December. The figures produced by Nationwide Building Society show that... Fri, 29 Jan 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1726/27012010/renting_can_complement_modern_working_life.html Renting can provide a useful solution to many people in the UK thanks to the flexibility it offers, according to one expert.People seeking properties in Northern Ireland and other areas of the UK may be interested to hear the view of James Davis of upad.co.uk.Mr Davis, chief executive officer at... Wed, 27 Jan 2010 12:45:34 UTC http://www.wilson-nesbitt.com/articles/1724/26012010/house_build_applications_in_northern_ireland_on_the_increase.html The National House Building Council (HHBC) has released new figures showing an increase in applications to build new houses in Northern Ireland. They received 906 applications to build new houses in the last quarter of 2009, a staggering 102% increase compared to the same period in 2008 when... Tue, 26 Jan 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1719/25012010/demand_for_uk_rental_property_has_increased.html Increasing numbers of people are now looking to rent properties in the UK, research has found.Figures published by the Association of Residential Letting Agents (ARLA) have shown that as many as 54 per cent of the landlords polled in a recent survey believe that renting is proving a necessity for... Mon, 25 Jan 2010 12:27:58 UTC http://www.wilson-nesbitt.com/articles/1718/22012010/terraced_properties_popular_with_many_landlords.html Terraced properties are proving popular with a number of UK landlords because they can offer cost-effective options, an expert believes.According to LandlordZONE's Tom Entwistle, the kind of tenants that such houses attract may also be a positive factor that is taken into account by those... Fri, 22 Jan 2010 14:38:30 UTC http://www.wilson-nesbitt.com/articles/1713/20012010/1_in_10_landlords_plan_to_buy_more_houses_in_next_3_months.html Research from Paragon Mortgages has revealed that 1 in 10 landlords advised they hope to increase their portfolio of houses in the first quarter of 2010. Terraced houses are favoured by 65% of those surveyed while detached properties are the least sought after with only 10% of the landlords... Wed, 20 Jan 2010 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1702/13012010/many_uk_landlords_wary_of_regulation.html Regulation is a concern for a number of the UK's landlords, new research suggests.According to figures published by Paragon Mortgages, as many as 58 per cent of those landlords questioned have worries concerning how regulations will impact on them in 2010.Managing director of the company... Wed, 13 Jan 2010 13:18:42 UTC http://www.wilson-nesbitt.com/articles/1701/12012010/tall_building_developments_may_offer_benefits_to_northern_ireland.html Northern Ireland cities may benefit from an increase in tall building developments, according to one expert.The director of the Royal Institution of Chartered Surveyors (Rics) in the country Ben Collins believes that the introduction of more tall residential buildings could have positive... Tue, 12 Jan 2010 16:34:41 UTC http://www.wilson-nesbitt.com/articles/1676/22122009/but_to_let_landlords_confident_of_strong_year_in_2010.html 58% of private landlords polled by Upad are more confident of the buy to let market in December than they were the previous month, with confidence levels expected to increase as we move into 2010. David Brown, commercial director of LSL Property Services, which owns the UK lettings agent network... Tue, 22 Dec 2009 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1664/14122009/west_belfast_%A325m_housing_scheme_to_get_under_way_in_march_2010.html A major family housing scheme to be built on the site of the old Bass Brewery in West Belfast has been given the go ahead, with an estimated 200 jobs to be created by the development. The scheme is one of the largest currently proposed for the province with 166 homes to be completed by September... Mon, 14 Dec 2009 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1647/07122009/good_news_for_landlords_as_rents_expected_to_rise.html Those landlords who have survived the difficult past two years of the rental market may soon see a reversal of fortunes according to FindaProperty.com. According to their November Rental Index, the average UK rent rose by 0.1 percent to £831pcm between October and November, meaning the... Mon, 7 Dec 2009 00:00:00 UTC http://www.wilson-nesbitt.com/articles/1641/03122009/mps_put_pressure_on_government_to_extend_stamp_duty.html A group of backbench Labour MPs have given their support to an Early Day Motion issued by Lindsay Hoyle on the matter of Stamp Duty, urging the Government to extend the current stamp duty exemption or 'holiday' for properties under the £175,000 threshold. The current Stamp... Thu, 3 Dec 2009 00:00:00 UTC