http://www.wilson-nesbitt.com/articles/ Wilson Nesbitt Solicitors - Remortgaging News RSS feed en-gb email@wilson-nesbitt.co.uk info@flamegreen.com 30 http://www.wilson-nesbitt.com/articles/1005/18082008/properties_drop_in_price_in_northern_ireland.html Property prices are falling rapidly in Northern Ireland, according to the Financial Times.Since 1998, average house prices in Northern Ireland have risen by 240 per cent, but since 2006 the property market has been falling, as reported in the Financial Times.According to the University of... Mon, 18 Aug 2008 14:00:00 BST http://www.wilson-nesbitt.com/articles/897/05082008/lack_of_hips_breaking_law.html A number of estate agents are breaking the law by failing to provide home information packs (Hips) to buyers, it has been claimed.The Law Society believes potential buyers are often not being given Hips until after a sale is complete, meaning they are unaware of some of the details of a property... Tue, 5 Aug 2008 14:00:00 BST http://www.wilson-nesbitt.com/articles/814/13062008/remortgaging_sector_bouyant.html The director general of the Council of Mortgage Lenders (CML) Michael Coogan has claimed that the British remortgaging market remains "buoyant".Speaking to BBC Radio 4's Today programme, Mr Coogan described the mortgage sector as "a market of two... Fri, 13 Jun 2008 12:00:46 BST http://www.wilson-nesbitt.com/articles/805/09062008/buyers_on_look_out_for_environmental_homes_in_northern_ireland.html Potential homebuyers in Northern Ireland are on the look-out for environmentally-friendly homes in the province.The Carvill Group's green homes will make up Northern Ireland's first eco-village which is to be built in Lisburn.According to Richard Acheson from the group, high oil prices... Mon, 9 Jun 2008 11:03:31 BST http://www.wilson-nesbitt.com/articles/804/06062008/supply_and_affordability_%22challenges%22_for_borrowers_in_northern_ireland.html The Council of Mortgage Lenders (CML) has said that the greatest challenge facing borrowers in Northern Ireland remains the affordability and supply of housing in the province.Solicitors are unable to carry out housing transactions if, as the CML reports, people in Northern Ireland are unable to... Fri, 6 Jun 2008 13:41:00 BST http://www.wilson-nesbitt.com/articles/803/05062008/house_prices_fall_by_24%25_in_a_month.html UK house prices fell by 2.4 per cent in May and now stand 3.8 per cent lower than they were this time last year, according to the Halifax House Price Index.The index, which has been measuring house prices since 1984, showed that despite the fall in prices, overall, householders have seen the... Thu, 5 Jun 2008 19:00:00 BST http://www.wilson-nesbitt.com/articles/798/03062008/plan_to_help_northern_ireland_homeowners_in_danger_of_repossession.html The social development minister Margaret Richie is due to announce a rescue plan for homeowners in Northern Ireland facing repossession.Over the past six years, repossessions through the courts have risen in Ulster by more than 60 per cent.Ms Richie is due to meet the Belfast Council of Mortgage... Tue, 3 Jun 2008 15:33:00 BST http://www.wilson-nesbitt.com/articles/796/03062008/a_quarter_trapped_in_their_current_homes.html Some 25 per cent of homeowners in the UK say they feel trapped in their current home by their financial situation.Research from Gocompare.com has revealed that the credit crunch has led many to abandon plans to move home or make changes to their existing properties.Those hit hardest by the crunch... Tue, 3 Jun 2008 13:03:00 BST http://www.wilson-nesbitt.com/articles/795/02062008/mortgage_approvals_at_record_low.html Figures from the Bank of England have revealed that mortgage approvals in the UK have dropped to their lowest levels for 15 years.The total worth of the 58,000 mortgages issued in April stood at £8.6 billion.In comparison, there were 73,000 approvals in January 2007, rising to 115,000 in... Mon, 2 Jun 2008 18:30:00 BST http://www.wilson-nesbitt.com/articles/792/30052008/house_prices_falling_at_1990s_levels.html The prices of houses in the UK are falling at their fastest rate since the early 1990s, new research has revealed.Nationwide Building Society's survey of the housing market showed that on average British house prices fell by 2.5 per cent during the past month - the seventh consecutive month... Fri, 30 May 2008 16:32:00 BST http://www.wilson-nesbitt.com/articles/778/22052008/northern_ireland_houses_to_need_energy_certificate.html Houses being sold by solicitors in Northern Ireland will need to have an energy performance certificate by July.The scheme is based on similar initiatives in England and Wales, the BBC reports.A special energy assessor will have to visit houses and determine how energy-efficient they are.From... Thu, 22 May 2008 14:52:32 BST http://www.wilson-nesbitt.com/articles/777/22052008/weak_housing_market_benefiting_buy-to-let.html Buyers being forced back into the rental market by the reduced availability of mortgages and a downturn in property sales are making buy-to-let investment more profitable, a survey has found.The Royal Institute of Chartered Surveyors (Rics) has found that the number of surveyors reporting a rise... Thu, 22 May 2008 13:29:00 BST http://www.wilson-nesbitt.com/articles/774/21052008/increased_demand_for_five-year_fixed-rate_mortgage.html There is increased consumer demand for five-year mortgage products in the UK, including in Northern Ireland, according to new research. A report produced by Abbey found that up to 30 per cent of existing borrowers would select a five-year deal if they were to remortgage. This is a significant... Wed, 21 May 2008 13:08:00 BST http://www.wilson-nesbitt.com/articles/776/21052008/mortgage_lending_dealt_with_by_northern_ireland_solicitors_on_the_up.html Solicitors in Northern Ireland are seeing an increased demand for lending services as the gross mortgage lending increased in April, it has been claimed.The Council of Mortgage Lenders (CML) has released figures stating that total lending reached £25.3 billion in April, a five per cent... Wed, 21 May 2008 13:05:00 BST http://www.wilson-nesbitt.com/articles/771/19052008/endowment_mortgage_shortfall_expected.html Some 86 per cent of homeowners holding endowment mortgages have been warned to expect a shortfall in their policies, solicitors and independent financial advisors have warned.People in Northern Ireland who have taken out endowment policies had originally believed that investments would pay off... Mon, 19 May 2008 13:47:00 BST http://www.wilson-nesbitt.com/articles/769/16052008/personal_bankruptcies_could_rocket.html There could be a huge rise in the number of personal bankruptcies, an academic has warned.Professor Nick Wilson, from Leeds University Business School, told BBC Radio 4's Today programme that more corporate bankruptcies could mean more personal ones due to a lessening in income among those... Fri, 16 May 2008 16:36:00 BST http://www.wilson-nesbitt.com/articles/755/09052008/interest_rates_decision_disappointing_for_homeowners.html The Bank of England's (BoE's) decision to hold interest rates at five per cent was "disappointing", according to the Council of Mortgage Lenders (CML). Michael Coogan, CML director general, said that while the council does understand "the conflict between... Fri, 9 May 2008 13:39:00 BST http://www.wilson-nesbitt.com/articles/756/09052008/interest_rates_kept_at_5%25.html Interest rates are to be held at five per cent, the Bank of England has announced.The hold is thought to be due to inflationary pressures which have been amplified by rising fuel and food costs.Ian McCafferty, chief economic advisor for the Confederation of British Industry, told the BBC that the... Fri, 9 May 2008 13:38:00 BST http://www.wilson-nesbitt.com/articles/742/01052008/uk_market_may_slow_but_recession_unlikely.html Mortgage lenders believe the economy will continue to slow but will avoid a full-scale recession, according to a survey by the Intermediary Mortgage Lenders Association (IMLA).Eight out ten lenders said they believed market conditions were getting worse with 44 per cent thinking there will be two... Thu, 1 May 2008 16:07:00 BST http://www.wilson-nesbitt.com/articles/741/01052008/house_prices_in_northern_ireland_set_for_big_drop.html The average price of a house in Northern Ireland is set for a steep reduction, according to a local economist.Richard Ramsey from the Ulster Bank told the BBC that the £250,000 peak average house price in the province could fall by up to £75,000 by the end of the... Thu, 1 May 2008 13:46:00 BST http://www.wilson-nesbitt.com/articles/693/03042008/house_repossession_can_happen_sooner_than_expected.html Repossession of houses by lenders can happen within as little as three months after the first warning, according to the Repossessions Advice Centre (RAC).Solicitors in Northern Ireland can help people facing repossession and courts "try to be on the side of the person being... Thu, 3 Apr 2008 16:43:00 BST http://www.wilson-nesbitt.com/articles/684/31032008/northern_irish_towns_head_property_hotspot_list.html House prices in Lisburn, Craigavon and Ballymena have risen faster than almost anywhere else in the UK in the last five years. Recently published official figures put the rate of increase in property prices over the period at 154 per cent for the Lagan Valley city, by 180 per cent in Craigavon... Mon, 31 Mar 2008 16:15:00 BST http://www.wilson-nesbitt.com/articles/678/27032008/further_interest_rate_cuts_needed.html Further interest rate cuts are needed if the UK is to alleviate some of its economic difficulties, according to one expert.Katie Tucker from the mortgage brokerage John Charcol is convinced that the Bank of England will trim the cost of borrowing to five per cent and that the course of action is... Thu, 27 Mar 2008 14:00:00 GMT http://www.wilson-nesbitt.com/articles/665/14032008/green_mortgage_demand_will_stagnate.html Solicitors in Belfast and Northern Ireland seem unlikely to see demand for advice on green mortgages climb significantly in the coming months as the effect of the credit crunch takes its toll.According to Moneyfacts, tightening of lending conditions by the majority of lenders means that any new... Fri, 14 Mar 2008 12:19:17 GMT http://www.wilson-nesbitt.com/articles/659/12032008/longer_mortgage_deals_forecast_in_budget_speech.html First time buyers in Belfast and Northern Ireland could be given longer mortgage deals in future, thanks to proposals expected to be announced in the chancellor of the exchequer's first budget speech today.Alistair Darling is expected to outline plans for ten, 15 and 25-year mortgages to be... Wed, 12 Mar 2008 13:43:45 GMT http://www.wilson-nesbitt.com/articles/655/10032008/buy_to_let_still_booming.html Solicitors in Belfast and Northern Ireland are likely to witness a steady stream of buy to let investors seeking advice in the coming months as new figures show the sector continues to boom.According to latest figures from letting agent Your Move, the UK saw a 21 per cent increase in the number... Mon, 10 Mar 2008 15:53:38 GMT http://www.wilson-nesbitt.com/articles/647/04032008/mortgage_holders_feel_out-of-control.html Solicitors in Belfast and Northern Ireland could be forced to pursue more mortgage holders for debt this year, as many admit that they feel out-of-control of their repayments.According to the Financial Services Authority (FSA), one out of five people in Britain and Northern Ireland who have a... Tue, 4 Mar 2008 12:30:00 GMT http://www.wilson-nesbitt.com/articles/640/29022008/no_relief_for_mortgage_holders.html Solicitors in Belfast and Northern Ireland are unlikely to see an increase in people buying property as most experts think the Bank of England monetary policy committee (MPC) will leave interest rates unchanged.If the Bank cut the base rate on March 6th, solicitors could see people in Belfast and... Fri, 29 Feb 2008 13:30:00 GMT http://www.wilson-nesbitt.com/articles/641/29022008/northern_rock_should_have_been_a_clue.html Despite the credit crunch, solicitors in Belfast and Northern Ireland have still seen buy-to-let investors taking out mortgages, but one expert says perhaps they have been unwise.Solicitors will remember the chaos that was caused in the Northern Rock collapse and an expert says that the event... Fri, 29 Feb 2008 13:30:00 GMT http://www.wilson-nesbitt.com/articles/638/28022008/portfolios_help_with_future_purchases.html Solicitors in Belfast and Northern Ireland are likely to see landlords who already have a portfolio of properties finding it easier to get a mortgage than new landlords.While solicitors are seeing many people in Belfast and Northern Ireland unable to afford a mortgage, investors who have an... Thu, 28 Feb 2008 13:15:00 GMT