Remortgaging

Northern Ireland house prices expected to increase

Northern Ireland house prices expected to increase

By Lauren Burns Northern Ireland house prices increased in October, according to the latest RICS (Royal Institution of Chartered Surveyors) and Ulster Bank market survey, and surveyors are predicting that property... Read more

5,453 property purchases in Northern Ireland in Q3

By Lauren Burns There were 5,453 property purchases completed in Northern Ireland in the third quarter of 2017, with the average standardised price across all property types now standing at £132,169. The... Read more

Lack of supply increases NI property prices by 4.4 per cent

By Lauren Burns Northern Ireland property prices increased by 4.4 per cent in the year to July according to a new report, with a lack of new houses being marketed for... Read more

£2billion stamp duty boost as a result of higher rate for additional properties

By Lauren Burns The Government received an additional £2billion in stamp duty payments in the year ending 31st July 2017, which is considered to be largely down to the higher rate... Read more

Northern Ireland property prices increased by 4.4 per cent in past year

By Lauren Burns The average property price in Northern Ireland is currently £128,650, with prices increasing by 4.4 per cent in the past year, and 16 per cent over the last... Read more

Possible ban of ground rents and leaseholds on new houses in England

Plans are being set out that will ban house builders from selling new properties in England as leasehold, and could also see a restriction of ground rents to as low... Read more

Northern Ireland house prices expected to grow by 3.7pc in 2017

A new report predicts that Northern Ireland property prices will increase by 3.7 per cent in 2017, with the average house costing £134,000. House prices in Northern Ireland increased by 4.3... Read more

Average deposit for first time buyers in Northern Ireland is £16,500

First-time buyers in Northern Ireland pay an average deposit of £16,500, the lowest of all the UK regions, according to a new report. The Halifax First-Time Buyer Review suggests that 47... Read more

Three members of MPC vote for interest rate increase

Interest rates will continue at their record low of 0.25 per cent following the latest vote of the Monetary Policy Committee, but for the first time since May 2011 there... Read more

Low deposit mortgages increasing first time buyer opportunities

The number of mortgage products that require small deposits have reached the highest number for this time of year since the property bubble burst in 2008. First time buyers that can't... Read more

Increase in mortgage approvals for first time buyers

New research suggests that lenders are approving more mortgage applications from first time buyers, with 84 per cent of applications resulting in a mortgage offer being made in Q1. The ratio... Read more

Bank of Mum and Dad is 9th biggest lender in the UK

Over a quarter of all property transactions in Northern Ireland and the rest of the UK will involve money lent by parents in 2017, according to a new report which... Read more

31 per cent of NI property buyers deterred by Brexit

New research suggests that 31 per cent of property purchasers in Northern Ireland are postponing their house purchase due to concerns about the strength of the economy after Brexit. The survey... Read more

As many first-time buyers as home movers in February

The number of mortgages loaned to first-time buyers has reached parity with home movers, bucking a 20 year trend, according to new figures from the Council of Mortgage Lenders (CML). There... Read more

Northern Ireland average property price increased in March

The average property price in Northern Ireland increased to £127,921 in March - an annual increase of 3.8 per cent, according to Nationwide Building Society. While property values throughout the UK... Read more

Average property price in Northern Ireland increases but sale levels down

New figures have revealed that the average property price in Northern Ireland has increased to £125,000, but the number of property sales in the region declined by 18 per cent... Read more

No room in the budget for property market concerns

While expectations for the Spring budget were fairly low when it came to announcements in respect of the property market, few predicted that there would be no reference to it... Read more

Renewed calls for stamp duty burden to be shifted to sellers

Yorkshire Building Society (YBS) has called for stamp duty land tax to be payable by property sellers, and believe that the change would result in an additional 16,000 house sales... Read more

Northern Ireland house price statistics

The Northern Ireland House Price Index (HPI) has been updated to show statistics on property values in Q4 of 2016 based on information from HM Revenue & Customs. The standardised house... Read more

First-time buyer activity increasing in Northern Ireland

By Lauren Burns The number of first time buyers in Northern Ireland getting on the property ladder increased in the last quarter of 2016, according to the latest report from the... Read more

78 per cent of NI home owners think their property value has risen

By Lauren Burns New research suggests that 78 per cent of home owners in Northern Ireland think their property value has increased, with the majority believing the change is largely due... Read more

Northern Ireland property prices increased by 5.7 per cent in 2016

By Lauren Burns Property prices in Northern Ireland rose by 5.7 per cent last year, with the average house now costing £125,480, according to the NI Residential Property Index. House values increased... Read more

Lack of supply likely to increase Northern Ireland property prices

By Lauren Burns Property prices in Northern Ireland are expected to increase over the next 3 months according to the latest Royal Institution of Chartered Surveyors (RICS) survey. The majority of the... Read more

Over a half of remortgages in 2016 involved capital raising

By Lauren Burns New research suggests that 57 per cent of homeowners in England and Wales who remortgaged last year were capital raising. My Home Move chief executive Doug Crawford says the... Read more

Mortgage lending to remortgagors and home buyers at 8 yr high

By Lauren Burns The total amount of mortgage lending to people remortgaging their homes or buying a new property in Northern Ireland and the rest of the UK reached an 8... Read more

Stamp Duty too big an earner to be reformed

By Lauren Burns Stamp Duty has once again been the subject of some high-profile criticism, after the global chief executive of Jones Lang LaSalle described it as "harmful" and blamed it... Read more

Decline in home movers for first time in 5 years

There was a decline in the number of people moving house in Northern Ireland and the rest of the UK last year - the first time the number has fallen... Read more

High Court throws out insurers’ attempts to block rate decision

By Gillian Crotty The Association of British Insurers has failed in its' High Court bid to delay the government announcement on the rate used to discount compensation awards. Personal Injury Solicitors have... Read more

Mortgage borrowers warned interest rate future uncertain

Mark Carney continued his track record of confusing advice on the future of interest rates by telling mortgage borrowers that the base rate could go either up or down. The Governor... Read more

Average deposit paid by first time buyers in Northern Ireland falls

By Lauren Burns First time buyers in Northern Ireland are paying an average deposit of £16,695, the lowest in the UK, and a fifth lower than the average deposit paid in... Read more

Northern Ireland property market 'resilient and stable'

By Lauren Burns Northern Ireland property prices increased by a modest 0.7 per cent in the last quarter of 2016, but over the year the market is considered to have shown... Read more

Increase in parents becoming landlords to help children

By Lauren Burns New research suggests that 730,000 landlords in Northern Ireland and the rest of the UK are parents renting a property out to their children as a means of... Read more

Building Society proposes shifting stamp duty to sellers

By Lauren Burns Yorkshire Building Society says shifting the stamp duty tax obligation on to sellers would help more first tie buyers in Northern Ireland and the rest of the UK... Read more

Interest rates could drop to 0.1 per cent by end of year

By Lauren Burns Mortgage borrowers in Northern Ireland and the rest of the UK could potentially see their monthly mortgage payments fall further by the end of the year. The Monetary Policy... Read more

Mortgage approvals in July lowest since January 2015

By Lauren Burns Mortgage approvals for remortgagors and home buyers in Northern Ireland and the rest of the UK reached a 19-month low in July, the first full month following the... Read more

Northern Ireland property prices increased by £5k

By Lauren Burns Property prices in Northern Ireland increased by 5 per cent in the year up to June according to new research by the Northern Ireland Statistics & Research Agency... Read more

Northern Ireland property prices increased in July

By Lauren Burns Northern Ireland property prices improved in July, the first full month following the EU referendum vote, according to the Royal Institution of Chartered Surveyors (RICS). The RICS report shows... Read more

Mortgage borrowers will have to wait to benefit from interest rate cut

By Lauren Burns Mortgage borrowers in Northern Ireland and the rest of the UK will have expected to quickly reap the benefits of the new record low interest rate of 0.25... Read more

Bank of England cuts interest rates to 0.25 per cent

By Lauren Burns The Bank of England has confirmed that the Monetary Policy Committee (MPC) has voted to reduce interest rates to 0.25 per cent, representing the first change to the... Read more

One area in NI sits in top 10 UK property affordability list

By Lauren Burns The Mid and East Antrim area is among the top ten regions in the UK for property affordability according to a report by the Halifax. Property purchasers looking at... Read more

Northern Ireland property market braced for post-Brexit vote slump

By Lauren Burns The Northern Ireland property market is expected to experience a significant drop in sale transactions over the summer months following the UK vote to leave the EU. First time... Read more

Carney warns mortgage borrowers to prepare for tough future

By Lauren Burns New mortgage borrowers have been warned by Mark Carney to prepare for a tough future of changing interest rates and wages, and to carefully consider affordability. The Bank of... Read more

1,490 property purchases completed using Help to Buy ISA scheme

By Lauren Burns Nearly 1,500 property purchases have been completed in Northern Ireland and the rest of the UK with the assistance of funding from the Help to Buy ISA scheme... Read more

1.75million landlords in Northern Ireland and rest of UK

By Lauren Burns It has been estimated that the number of landlords in Northern Ireland and the rest of the UK has risen by 7 per cent in the last year,... Read more

Northern Ireland property prices fell in first quarter of 2016

By Lauren Burns Property prices in Northern Ireland fell by 1 per cent in the first quarter of 2016 according to figures released by the Northern Ireland Statistics and Research Agency... Read more

Northern Ireland property owners in negative equity at risk from rate rise

By Lauren Burns It is estimated that there are currently 68,000 homes in Northern Ireland in negative equity, and one expert warns that the owners would be unable to cope with... Read more

Warning that doors will soon close on Bank of Mum and Dad

By Lauren Burns A new report shows that many parents are giving up as much as two thirds of their savings in order to help their children get on the property... Read more

Lineker calls for mathematical solution for divorces to reduce legal costs

By Lenore Rice Ex-footballer Gary Lineker has called for a "mathematical equation" to help resolve divorce settlements to replace lengthy court proceedings that run up huge legal bills. Mr Lineker, who has... Read more

Rush to beat stamp duty hike boosted March mortgage lending to 8yr high

By Lauren Burns Total mortgage lending in Northern Ireland and the rest of the UK in March was 64 per cent higher than the same month last year, and was the... Read more

Aviva warns that rates rise will come and mortgage costs will spiral

By Lauren Burns As as a result of 85 months of the current 0.5 base rate of interest, many mortgage borrowers have little or no experience of an interest rate increase... Read more

Average property price in Northern Ireland up by 2.4 per cent

By Lauren Burns Property prices in Northern Ireland increased on average by 2.4 per cent in the month of February compared to the same month last year, according to new figures. The... Read more

Biggest Northern Ireland property development in 10 years announced

By Lauren Burns A property development that will see 1,000 new houses built over a period of 12 years has been announced by Fraser Houses, making it the largest housing project... Read more

Bank of England considers move to restrict buy-to-let lending

Landlords throughout Northern Ireland and the rest of the UK trying to come to terms with the new stamp duty changes have now heard that Bank of England are also... Read more

Northern Ireland property prices rise 9 per cent in 12 months

By Lauren Burns A 9 per cent increase in Northern Ireland property prices in the past year has resulted in the average house price in the region climbing to £154,685, according... Read more

Guide to Northern Ireland property prices

By Lauren Burns The most recent Ulster University House Price Index suggests that house prices in Northern Ireland increased by 9 per cent in the past year - the highest annual... Read more

Mortgage lending in January boosted by race to beat stamp duty change

By Lauren Burns Mortgage borrowing in Northern Ireland and the rest of the UK reached its highest level since mid-2008 in January, as landlords race to beat the stamp duty increase... Read more

Interest rates could be reduced to zero says Carney

By Natasha Adamson Mortgage borrowers and first time buyers in Northern Ireland and the rest of the UK will have been delighted by the comments today by Mark Carney that interest... Read more

Northern Ireland property prices suggest market continues to recover

By Lauren Burns The standard house price in Northern Ireland is now just over £118,000 according to new official statistics which suggest that the property market is showing signs of continued... Read more

Treasury counts cost of Stamp duty reform and high-end market slowdown

By Lauren Burns The Treasury has lost around £662million over the calendar year as a result of stamp duty reforms brought in 2014 and a slowdown of the high-end property market. Stamp... Read more

Carney's interest rate rise threats were 'too aggressive'

By Natasha Adamson The governor of the Bank of England, Mark Carney, has been criticised for causing confusion by his "forward guidance" on interest rates, with his suggestion last summer that... Read more

Unanimous vote to maintain 0.5 per cent interest rate freeze

By Lauren Burns The Bank of England has again voted to maintain the 0.5 per cent interest rate freeze, as they were fully expected to do, but there was some surprise... Read more

Check out the Wilson Nesbitt channel on Youtube

We are very excited to announce that there is now a Wilson Nesbitt channel on YouTube. Click here to go through to the channel were you watch a guide on... Read more

Northern Ireland property market braced for buy-to-let rush

By Lauren Burns The Northern Ireland property market is expected to experience a temporary surge of sale transactions as buy-to-let investors rush to add to their portfolios before the stamp duty... Read more

Now is not the time to raise interest rates says Carney

By Natasha Adamson The governor of the Bank of England, Mark Carney, addressed his previous suggestion of a rate rise in early 2016 by saying that "now is not the time... Read more

Interest rate freeze maintained after 8-to-1 MPC vote

By Natasha Adamson The Monetary Policy Committee (MPC) of the Bank of England has again voted to maintain the interest rate freeze at 0.5 per cent, with just one of the... Read more

Survey suggests only divorce is more stressful than buying a property

By Lauren Burns A new survey suggests that buying or selling a property is one of the most stressful experiences adults in Northern Ireland and the rest of the UK will... Read more

Osborne warns mortgage borrowers to prepare for interest rate increase

By Lauren Burns George Osborne has sparked speculation of an imminent interest rate increase following his comments that the UK could soon follow in the steps of the US, who last... Read more

New Year resolutions for mortgage borrowers

By Lauren Burns Over half of adults in Northern Ireland and the rest of the UK are expected to make a New Year resolution, and while the usual targets in respect... Read more

Property sales declined in November but still up on last year

By Lauren Burns The number of home buyers completing a property purchase in Northern Ireland and the rest of the UK fell in November, but were still up on the same... Read more

Property sales dragged out by 50-day wait for mortgage offer

By Lauren Burns The average property purchaser in Northern Ireland and the rest of the UK now has to wait for 50-days to receive a formal mortgage offer, according to the... Read more

CML predicts 2016 increase in mortgage lending following strong Q4 in 2015

By Natasha Adamson Mortgage lending in Northern Ireland and the rest of the UK could total £237 billion in 2016 according to the Council of Mortgage Lenders (CML) - up from... Read more

10.3 per cent increase in Northern Ireland property prices in past year

By Lauren Burns Property prices in Northern Ireland have increased by 10.3 per cent in the past 12 months - the highest rate of growth of all the regions in the... Read more

Report reveals homeowners aren't prepared for interest rate rise

By Lauren Burns Homeowners in Northern Ireland and the rest of the UK are not prepared for an interest rate rise, according to a new survey, with 20 per cent of... Read more

Remortgaging activity increased by 53 per cent in October

By Natasha Adamson There was a 53 per cent increase in remortgage activity in Northern Ireland and the rest of the UK in October compared to the same month last year,... Read more

Calls for more flexible mortgage products for older borrowers

By Lauren Burns More flexible mortgage products need to be brought to the market for older borrowers with changing needs, according to the Financial Conduct Authority (FCA). It is estimated that a... Read more

Six months of ultra-low mortgage rates predicted

By Natasha Adamson Economists now consider that an increase in interest rates has effectively been postponed into the second half of 2016 following Bank of England comments this week. Announcing the Monetary... Read more

Interest rate increase pushed further back into 2016

By Lauren Burns The Monetary Policy Committee of the Bank of England has again voted by 8-to-1 to maintain interest rates at their record low of 0.5 per cent. The outcome of... Read more

Remortgaging increased by 40 per cent over the past year

By Lauren Burns The number of people remortgaging their property in Northern Ireland and the rest of the UK went up by 40 per cent over the past 12 months according... Read more

Mortgage lending increased by 12 per cent in past year

By Natasha Adamson Mortgage lending in Northern Ireland and the rest of the UK increased by 2 per cent in September, and has increased by 12 per cent in the twelve... Read more

11 per cent increase in NI property prices expected in whole of 2015

By Lauren Burns Northern Ireland property prices will have increased on average by 11 per cent over the course of the 2015 calendar year, according to predictions by the Royal Institution... Read more

Interest rates remain frozen at 0.5 per cent following MPC vote

By Natasha Adamson The Bank of England's Monetary Policy Committee (MPC) has voted to maintain the interest rate freeze at 0.5 per cent, following another 8-to-1 vote. Ian McCafferty was once again... Read more

Constructors warn of a new Northern Ireland property bubble

By Michelle Rock Northern Ireland could experience another property bubble as a result of a lack of new houses being built, according to the Construction Employers Federation (CEF). It has previously been... Read more

Rate increase would cause difficulties for half of mortgage borrowers

By Natasha Adamson A half of mortgage borrowers in Northern Ireland and the rest of the UK expect to face financial difficulty when interest rates eventually increase, according to a new... Read more

Northern Ireland property prices jump 7.4 per cent in 12 months

By Michelle Rock Northern Ireland has experienced the biggest increase in property prices of all the UK regions over the 12 months leading up to July 2015, according to new figures... Read more

New figures show extent of Northern Ireland negative equity problem

By Michelle Rock A new study has revealed that a half of all UK houses affected by negative equity are in Northern Ireland, and that it is the only region to... Read more

Interest rate remains frozen and Bank 'expects' slow increases in future

By Natasha Adamson The Bank of England has once again voted to maintain the interest rate at 0.5 per cent, with a repeat of last months result of 8-to-1. Ian McCafferty again... Read more

78 per cent of mortgage borrowers unprepared for rate rise implications

By Lauren Burns A new survey has revealed that over three-quarters of mortgage borrowers who are on a variable rate loan product are not currently budgeting for increased monthly mortgage payments... Read more

Homebuyers will pay much more for property with 100Mb internet connection

By Lauren Burns A new study has revealed that homebuyers in Northern Ireland and the rest of the UK would pay £14,000 extra for a property with 100Mb speed broadband connection. Respondents... Read more

Mortgage approvals reached 18 month-high in July

By Natasha Adamson Mortgage approvals for property purchasers and remortgagors in Northern Ireland and the rest of the UK reached an 18-month high in July, according to new figures from the... Read more

Mortgage approvals reach 17-month high in July

By Natasha Adamson Mortgage approvals for property purchasers and existing home owners in Northern Ireland and the rest of the UK reached a 17-month high in July according to new figures... Read more

Mortgage lending reached a 7 year high in July

By Lauren Burns The amount of money borrowed by property purchasers and home owners in Northern Ireland and the rest of the UK reached a 7 year high in July according... Read more

Northern Ireland property prices are back to the 'normal' 2005 values

By Lauren Burns Property prices in Northern Ireland are back to the same levels as 2005 following a 3 per cent increase over the first two quarters of this year, according... Read more

MPC member predicts interest rates will settle at 2.5 to 3 per cent

By Natasha Adamson A Bank of England policy maker has predicted that an interest rate increase will happen "pretty soon" and that the new 'norm' for rates will become 2.5 or... Read more

Increase in NI property prices and sale volumes predicted for end of 2015

By Lauren Burns A new survey suggests that Northern Ireland property prices and transaction levels will increase through to the end of the year. The latest Royal Institute of Chartered Surveyors (RICS)... Read more

Government failing to address housing shortage across UK

By Michelle Rock The housing shortage in Northern Ireland and the rest of the UK is not being tackled effectively by the government according to the Royal Institution of Chartered Surveyors... Read more

24 per cent increase in first time buyer mortgages in June

By Lauren Burns There was a 24 per cent increase in the value of mortgages taken out by first-time buyers in Northern Ireland and the rest of the UK in June,... Read more

Interest rate freeze continues after only 1 MPC member voted for increase

By Lauren Burns Interest rates will remain at 0.5 per cent for the 77th consecutive month following the August meeting of the Monetary Policy Committee /MPC). The rate freeze was expected to... Read more

53 per cent increase in registration of new houses in Northern Ireland

By Lauren Burns The number of new houses registered in Northern Ireland and the rest of the UK in the last quarter was the highest since the winter of 2007. Across the... Read more

New figures confirm boost in mortgage lending in June

By Natasha Adamson New figures released from the Bank of England confirm that mortgage approvals for house purchasers and remortgagors in Northern Ireland and the rest of the UK increased in... Read more

Mortgage approvals up in June as borrowers rush to beat interest rate rise

By Natasha Adamson Mortgage approvals in Northern Ireland and the rest of the UK reached a 15-month high in June, with existing borrowers in particular looking to re-mortgage their property as... Read more

Third of property owners to own their house outright by 2025

By Michelle Rock A third of houses in Northern Ireland and the rest of the UK will be owned mortgage-free by 2025 according to a new study from PricewaterhouseCoopers (PwC). The increase... Read more

End to election uncertainty gives mortgage lending a boost in June

By Lauren Burns There was a 29 per cent increase in mortgage lending in Northern Ireland and the rest of the UK in June, with borrowing reaching a seven year high. Mortgage... Read more

Carney suggests interest rate rise increase sooner than expected

By Michelle Rock Mark Carney, the governor of the Bank of England, has indicated that interest rates could increase "at the turn of this year", which would be sooner than most... Read more

Interest rate freeze continues after latest MPC vote

By Natasha Adamson The Monetary Policy Committee (MPC) of the Bank of England has again voted to maintain interest rates at 0.5 per cent. Northern Ireland and the rest of the UK... Read more

Property owners paying off mortgages at record pace

By Michelle Rock Home owners in Northern Ireland and the rest of the UK are paying off their mortgage at a record pace according to new figures from the Bank of... Read more

Northern Ireland is region with fastest property price growth

By Lauren Burns Property prices increased by the most in Northern Ireland in the 12 months up to June according to new figures from the Nationwide Building Society. The 8 per cent... Read more

Drop in mortgage approvals for house purchasers in May

By Michelle Rock Mortgage approvals for house purchasers and remortgagors in Northern Ireland and the rest of the UK fell in May, according to new data from the Bank of England. There... Read more

MPC member recommends increase to interest rates in August

By Natasha Adamson Martin Weale, an external member of the Monetary Policy Committee (MPC) has said this week that the Bank of England should get ready to raise rates when it... Read more

New build houses criticised by purchasers who want more character

By Michelle Rock Only 1 in 5 property purchasers in Northern Ireland and the rest of the UK would prefer to buy a new build property according to a survey by... Read more

Northern Ireland is region with largest annual property price growth

By Michelle Rock Property prices in Northern Ireland increased by 9 per cent over the last year - the highest rate of growth of all the regions in the UK. New figures... Read more

Lack of houses expected to inflate Northern Ireland property prices

By Michelle Rock Property prices in Northern Ireland are expected to increase by 4 per cent over the course of the year according to a new survey, with a lack of... Read more

Steep increase in mortgage shortfall debt in Northern Ireland

By Lauren Burns There has been a sharp increase in the number of people left with mortgage debt following the sale or repossession of a property in Northern Ireland, according to... Read more

Mortgage rates at their lowest since records began

By Michelle Rock A large number of the mortgage products on offer in May contained the lowest interest rates since the Bank of England began keeping records in 1995. The Bank of... Read more

Interest rate increase expected in first half of 2016

By Michelle Rock The Monetary Policy Committee (MPC) of the Bank of England has again voted to maintain interest rates at 0.5 per cent, continuing the record low for over 6... Read more

Call for stamp duty to be waived for last-time buyers

By Lauren Burns New research estimates that there are 3.3million homeowners who want to down-size in the near future, and Nigel Wilson of Legal & General believes waiving stamp duty for... Read more

Increase in mortgage approvals for purchasers and remortgagors in April

By Lauren Burns There was a year-on-year increase in the number of new mortgage approvals for house purchasers and remortgagors in April in Northern Ireland and the rest of the UK,... Read more

Borrowers turn to equity release to clear interest-only mortgages

By Natasha Adamson A new study suggests that the number of borrowers in Northern Ireland and the rest of the UK using equity release loans to pay off interest-only mortgages has... Read more

Mortgage lending to Northern Ireland property purchasers fell in Q1

By Lauren Burns There was a fall in the number of new mortgages lent to property purchasers in Northern Ireland in the first 3 months of this year. According to new figures... Read more

Optimism despite NI property transaction level and price decline

The Northern Ireland property market has gone through a strong period of stabilisation over the past couple of years, and while the most recent residential property price index shows a... Read more

Labour offers first time buyers stamp duty exemption

By Michelle Rock Ed Miliband has pledged to introduce a stamp duty exemption for first time buyers in Northern Ireland, England and Wales purchasing a house under £300,000. Housing has become one... Read more

Industry leaders form plan for urgent action on homebuying process

Industry comes together to discuss way forward to improve home moving experience 30 March 2015: This month property industry leaders met to discuss potential solutions to one of the most serious... Read more

Strongest rise in Northern Ireland property prices in 7 years

By Michelle Rock Property prices in Northern Ireland experienced their strongest increase in 7 years in the 12 month period up to February according to new figures from the Office for... Read more

Interest rate freeze continues following MPC vote

By Lauren Burns The Monetary Policy Committee of the Bank of England has again voted to maintain the interest rate freeze at 0.5 per cent. The record low rate was introduced just... Read more

First time buyers pessimistic on chances of mortgage approval

By Natasha Adamson A new report suggests that 79 per cent of first time buyers aged between 20 to 45-years-old believe that banks do not want to lend them money. The report... Read more

Increase in the number of 90 per cent mortgages for purchasers

By Lauren Burns New figures from the Bank of England suggest that there has been an increase in the availability of mortgages worth more than 90 per cent of the property... Read more

Third of property sales involve first time buyers

By Lauren Burns A new report suggests that nearly a third of house sale transactions in Northern Ireland and the rest of the UK involve first time buyers. According to the new... Read more

Four Northern Ireland cities in UK affordable property list

By Michelle Rock list of the ten most affordable places in the UK to buy a home, and four of the cities are in Northern Ireland The report by Lloyds Bank suggests... Read more

Labour vows to help first time buyers get on the property ladder

By Michelle Rock Labour is appealing to the first time buyer vote by pledging to build more houses and introduce three-year tenancies with limited rent rises. David Orr, chief executive of the... Read more

Survey reveals most desirable postcodes in Northern Ireland

By Lauren Burns The five most desirable postcodes to live in Northern Ireland have been revealed in a Royal Mail survey that looked at green spaces, affordable housing and commuting times. The... Read more

Osborne announces help-to-buy Isa for first-time buyers

By Lauren Burns George Osborne's budget has been described as one for the savers and pensioners, and with Stamp duty covered in the Autumn statement, there wasn't much expectation of good... Read more

Over a third of first time buyers expect mortgage rejection

By Natasha Adamson A new survey has revealed that 38 per cent of first time buyers expect to have their mortgage application rejected. The Mortgage Approval Confidence Index was produced by unbiased.co.uk... Read more

Carney continues to confuse with "foolish" rate cut comment

By Lauren Burns Mark Carney arrived as Governor of the Bank of England in July 2013 seemingly intent on bringing some clarity to the future of interest rates to assure business... Read more

0.5 per cent interest rate freeze reaches 6th anniversary

By Natasha Adamson The Monetary Policy Committee of the Bank of England has again voted to maintain the interest rate frozen at 0.5 per cent, meaning the record low rate has... Read more

Cameron pledges to keep mortgage rates low

By Michelle Rock David Cameron says the Conservative party will keep mortgage rates low, and warns that the economic policy of Labour would result in families paying an extra £1,000 in... Read more

Northern Ireland property price guide by region and type

By Lauren Burns The latest Northern Ireland Quarterly House Price Index has been released by the University of Ulster in respect of the last quarter of 2014. The average house price in... Read more

2000 NI first time buyers in Q4 of last year

By Michelle Rock Approximately 2,000 first time buyers completed the purchase of a property in Northern Ireland in the last quarter of 2014, taking the total for the year up to... Read more

Northern Ireland only UK region to see quarterly mortgage growth

By Natasha Adamson Northern Ireland was the only region in the UK to experience a growth in mortgage lending in Q4 of last year according to new figures from the Council... Read more

Is it any easier for NI property purchasers in 2015?

By Lauren Burns The property market in Northern Ireland continues to be the subject of much interest, regular news articles, analysis and reports. The ultimate question for many people is whether... Read more

Northern Ireland property sales reach 7 year high

By Michelle Rock There were 20,200 property purchases in Northern Ireland last year, the highest number of transactions in 7 years, according to new figures. According to the latest residential property price... Read more

Northern Ireland property purchasers in bidding wars again

By Lauren Burns A lack of houses on the market for sale in Northern Ireland has meant a return of bidding wars among property purchasers, according to one estate agent. Richard McCullough... Read more

Mixed signals cause confusion over the future of interest rates

By Natasha Adamson Mark Carney has caused some confusion with mixed messages over the future of interest rates after he suggested they could drop below 0.5 per cent, and then separately... Read more

Interest rates remain frozen at 0.5 per cent

By Lauren Burns As expected, the Monetary Policy Committee (MPC) of the Bank of England has again voted to maintain the interest rate freeze at 0.5 per cent. The interest rate freeze... Read more

Increase in equity release mortgages to manage debt

By Natasha Adamson There has been a significant increase in the number of people in Northern Ireland and the rest of the UK using equity release mortgages to pay off debts... Read more

Strong increase in new build houses in Northern Ireland

By Michelle Rock There was a 17 per cent increase in the registration of new build properties in Northern Ireland in 2014, according to new figures released by the National House... Read more

Bank of England suggests 0.5pc interest rate increase per year

By Natasha Adamson The Bank of England have again confirmed that they are "in no rush to raise" interest rates, with their chief economist suggesting that the rate might reach no... Read more

Unanimous MPC vote to maintain interest rate freeze

By Natasha Adamson Mortgage borrowers and first time buyers in Northern Ireland and the rest of the UK have received welcome news today that suggests an interest rate rise could be... Read more

Northern Ireland property prices to grow the most in 2015

By Michelle Rock It is being predicted that property prices in Northern Ireland will increase more than any other region of the UK in 2015. The forecast on house values was made... Read more

Mortgage approvals reach 18 month low

By Lauren Burns The number of approvals of new mortgage applications made in Northern Ireland and the rest of the UK reached an 18 month low in December of last year,... Read more

Northern Ireland property prices increase by 12 per cent

By Michelle Rock The rate of increase of property prices in Northern Ireland reached a 7 year high according to new figures from the Office for National Statistics (ONS), with a... Read more

First time buyer levels reached 7 year high in 2014

By Lauren Burns The number of first time buyers in Northern Ireland and the rest of the UK getting their foot on the property ladder reached a seven year high in... Read more

Bank of England maintains interest rate freeze

By Natasha Adamson The Monetary Policy Committee of the Bank of England has voted once again to maintain the interest rate freeze at 0.5 per cent, meaning we could reach a... Read more

Mortgage borrowers urged to switch to fixed rate as confusion grows

By Michelle Rock Mortgage borrowers in Northern Ireland and the rest of the UK are being encouraged to switch to a fixed rate deal before the base rate of interest is... Read more

Legal help to fulfill your New Year's resolutions

A new year is upon us, and according to surveys and polls, over half of us have made some kind of resolution for 2015. As ever, health and finances top... Read more

Northern Ireland house prices to rise by 4 per cent in 2015

By Michelle Rock Property prices in Northern Ireland could rise by as much as 4 percent next year, more than the projected UK average of 3 per cent, and higher than... Read more

Northern Ireland has lowest property price increases in UK

By Lauren Burns Property prices in Northern Ireland rose by 4.9 per cent in the 12 month period up to October, the joint lowest rate of growth in the whole of... Read more

Mortgage lending expected to increase slowly in next 2 years

By Natasha Adamson Residential mortgage lending is expected to grow in the next two years, but the Council of Mortgage Lenders (CML) considers that the increases will be slower than those... Read more

Stamp duty reform likely to inflate property prices

By Michelle Rock The stamp duty reform announcement made in the Autumn Statement included a claim that 98 per cent of property buyers would be better off, however the good news... Read more

Most property owners could cope with interest rate rise

By Natasha Adamson The Bank of England considers that most mortgage borrowers would be able to cope with an interest rate increase, but their projections are dependent on a 10... Read more

Understanding the stamp duty changes announced by Osborne

By Michelle Rock George Osborne announced stamp duty reforms in his Autumn Statement, with the new rates of tax taking effect on 4th December, but there is already some confusion about... Read more

New mortgage approvals fall to 17 month low

By Lauren Burns The tightening of mortgage lending criteria is thought to be behind the October slump in new property loan approvals, which fell to their lowest in 17 months. The Mortgage... Read more

Falling house prices help make Belfast most improved city

By Lauren Burns A new report suggests that falling property prices have helped Belfast to the title of most improved city in the UK. The 2014 'good growth for cities index' looks... Read more

2000 mortgages advanced to Northern Ireland first time buyers in Q3

By Michelle Rock There were 2,000 mortgages advanced to first time buyers in Northern Ireland between the months of July and September, remaining largely the same as the previous quarter as... Read more

NI developer says bank should have warned of property crash

By Gillian Crotty Michael Taggart, formerly a property developer and one of the wealthiest men in Northern Ireland, says the Ulster bank should have warned him about their serious concerns about... Read more

Over 40s frozen out of mortgage market by new lending criteria

By Natasha Adamson Lenders are warning that the new rules introduced in the Mortgage Market Review in April of this year are locking people in their 40s out of the mortgage... Read more

Belfast and other largest UK cities record property price rise

By Lauren Burns For the first time since November 2004 the 20 largest cities in the UK have recorded property price increases of at least 5 per cent. The annual increase in... Read more

Northern Ireland property market is Belfast-centric

By Michelle Rock Estate agent John Minnis says the strength of the Northern Ireland property market is currently 'Belfast-centric', but that rising house prices in the capital have "a ripple effect... Read more

No change to MPC member votes on interest rate change

By Natasha Adamson The minutes of the Bank of England's Monetary Policy Committee (MPC) meeting in November reveal that there was no change in the previous 7-2 vote in favour of... Read more

Property owners releasing equity to fund improvements

By Natasha Adamson Just under a half of property owners who take out an equity release mortgage do so to fund home improvements or modifications according to new research from LV=. In... Read more

Northern Ireland house prices up for 17th month in a row

By Lauren Burns Property prices in Northern Ireland increased in October for the 17th month in a row according to the latest Residential Market Survey by the Royal Institute of Chartered... Read more

Property repossessions fall in the third quarter

By Michelle Rock There was a drop in the number of property repossessions in Northern Ireland and the rest of the UK between July and August according to the Council of... Read more

Drop in new mortgages for first time buyers

By Natasha Adamson There was a decline in new mortgages for first time buyers in September for the second consecutive month, according to new figures from the Council of Mortgage Lenders... Read more

Older mortgage borrowers shut out by income criteria

By Michelle Rock Older home owners could miss out on a mortgage they can afford because of the lending criteria on acceptable sources of income. The Mortgage Market Review introduced in April... Read more

'Sooner than expected' interest rate rise may happen later

By Natasha Adamson In June of this year Mark Carney warned that an interest rate rise may arrive sooner than expected, prompting speculation of an increase at the start of 2015,... Read more

Lifetime mortgages could result in forfeit of inheritance

By Lenore Rice Financial experts are warning that an increase in the use of interest only mortgages and lifetime mortgages could result in a decline in the number of inheritances being... Read more

New mortgages fell to 14-month low in September

By Natasha Adamson The number of first time buyers and home-movers who had their mortgage application approved dropped to a 14-month low in September. The 61,267 new mortgage approvals last month was... Read more

Property owners encouraged to switch to fixed mortgage

Property owners are being encouraged by Moneysupermarket to remortgage their home and switch to a fixed rate loan now, rather than wait until the first interest rate increase. Dan Plant of... Read more

71 per cent increase in new build houses in NI

By Lauren Burns First time buyers will welcome the news that there was a 71 per cent increase in new build properties in Northern Ireland between the months of July and... Read more

First time buyers don't grasp 'ongoing affordability'

By Michelle Rock Many first time buyers don't fully understand that mortgage affordability is an ongoing issue that has to be considered against their 25-year mortgage term, according to a market... Read more

MPC minutes reveal no change on interest rate increase

By Lauren Burns While it was widely expected that the Bank of England would vote to maintain the interest rate freeze at 0.5 per cent this month, some anticipated that the... Read more

House purchasers left waiting by queued CHAPS payments

By Natasha Adamson Hundreds of home movers in Northern Ireland and the rest of the UK who were hoping to complete the purchase of a property today have been left waiting... Read more

Property regeneration plan for Belfast unveiled

By Michelle Rock A large property regeneration project in Belfast city centre has been unveiled today, which could see the construction of 3,000 apartments and houses in a site next to... Read more

Interest rates remain unchanged but clock is ticking

By Natasha Adamson The Monetary Policy Committee (MPC) of the Bank of England has voted once again to maintain the current interest rate of 0.5 per cent, meaning the freeze has... Read more

Increase rates fears to dampen property market in 2015

By Michelle Rock House buyer demand and property prices are expected to decline next year as a result of interest rate increases and tougher mortgage lending criteria, according to the Centre... Read more

Half of property owners not ready for interest rate rise

By Natasha Adamson Over half of property owners in Northern Ireland and the rest of the UK are not ready for an interest rate increase, and would struggle to meet their... Read more

Stamp duty criticised as revenue jumps by £1.5billion

By Michelle Rock Stamp duty land tax revenue jumped by £1.5billion in just a year, prompting more criticism that the scheme needs reformed to take into account rising house prices in... Read more

Carney says interest rate increase is getting closer

By Lauren Burns Mark Carney has said that an interest rate rise is "getting closer", though has again reassured mortgage borrowers that any increases will be "limited and gradual". The Governor of... Read more

Parents use savings to help children purchase property

By Michelle Rock Parents are using savings set aside to fund their retirement in order to help their children get on to the property ladder, and the housing charity Shelter says... Read more

Robinson not sold on devolving stamp duty powers to NI

By Lauren Burns Peter Robinson has said that it is an option to devolve stamp duty tax powers to Northern Ireland but that he was not convinced on the benefits. The Finance... Read more

Fall in mortgages to purchasers and remortgagors in August

By Natasha Adamson The number of new mortgages to purchasers and remortgagors in Northern Ireland and the rest of the UK fell by 5 per cent in August. The figures from the... Read more

Northern Ireland property prices increased in July

By Lauren Burns Property prices in Northern Ireland increased by 4.5 per cent in the year to the end of July, but was the region with the lowest house value gains... Read more

Inheritance tax implications of rising property prices

By Lenore Rice Northern Ireland property owners have learned that their house values increased by the lowest amount of the whole of the UK in the year to the end of... Read more

'Mortgage borrowers are ready for interest rate rise'

By Natasha Adamson Most mortgage borrowers in Northern Ireland and the rest of the UK are prepared to deal with an interest rate increase, according to senior mortgage industry figures. The comments... Read more

New mortgage lending rules slowing property sale process

By Lauren Burns A property purchase is taking up to 2 to 4 weeks longer as a result of tighter mortgage lending criteria, according to the Royal Institution of Chartered Surveyors... Read more

Half of property owners fear impact of interest rate rise

By Natasha Adamson New research suggests that half of property owners feel that they would struggle to meet their monthly mortgage payments if interest rates increase by 1 per cent. Over 50... Read more

Rise in first time buyers taking longer term mortgages

By Michelle Rock An increasing number of first time buyers are turning to 35 and 40-year term mortgages in order to get their foot on the property ladder, according to new... Read more

Increase in Northern Ireland first time buyer activity

By Michelle Rock There has been a dramatic increase in the number of mortgage loans made to first time buyers in Northern Ireland according to new figures from the Council of... Read more

Northern Ireland property prices increase by 4.9 per cent

By Michelle Rock Northern Ireland property prices increased by 4.9 per cent in the twelve months up to June, according to new figures from the Office for National Statistics (ONS). The average... Read more

Mortgage borrowers react to MPC interest rate vote split

By Natasha Adamson The minutes of the August meeting of the Bank of England Monetary Policy Committee (MPC) has revealed a split vote on whether or not to increase interest rates... Read more

Mortgage borrowers told to prepare for rate increase

By Natasha Adamson Mortgage borrowers have been told they need to prepare for an interest rate increase by the Council of Mortgage Lenders (CML). The CML delivered their message to mortgage borrowers... Read more

Northern Ireland's construction recovery is on mainland UK

By Michelle Rock While news of a recovery in Northern Ireland's construction industry is always welcome, a new survey suggests that the properties being built by our local companies are actually... Read more

Interest rate freeze continues for another month

By Natasha Adamson UK interest rates will remain at 0.5 per cent for another month after the Bank of England's Monetary Policy Committee (MPC) voted to maintain the freeze. Mortgage borrowers and... Read more

Northern Ireland property prices at 7 year high

By Lauren Burns Northern Ireland property prices are at their strongest in 7 years according to the latest University of Ulster quarterly house price index. The average property purchased in Northern Ireland... Read more

Northern Ireland property prices by region

By Michelle Rock The latest Northern Ireland house price index suggests that the property market is at it's strongest since 2007, with property prices up 6.9 per cent in the last... Read more

Repossessed NI properties sell at less than half of value

By Michelle Rock Repossessed properties in Northern Ireland are on average being sold at 42 per cent of their true value, according to a new survey by mortgage provider HML. While the... Read more

Purchasers paying 3 per cent stamp duty has doubled

By Michelle Rock The number of property purchasers in Northern Ireland and the rest of the UK paying the higher 3 per cent rate of stamp duty tax has doubled in... Read more

Internet speed an important draw for house purchasers

By Lauren Burns A new study reveals that property purchasers are willing to pay more for a house that is located in an area with very fast internet speeds. It is well... Read more

Average house purchaser deposit in NI is £16,226

By Michelle Rock The average deposit being paid by house purchasers in Northern Ireland is £16,226 according to new research. The First Time Buyers Opinion Barometer produced by Your Move and Reeds... Read more

Interest rates remain frozen after MPC monthly vote

By Natasha Adamson As expected, the Monetary Policy Committee (MPC) has voted to continue the rate freeze at 0.5 per cent, though the minutes of the meeting will reveal whether there... Read more

Young property purchasers urged to get finances in order

Young would-be property purchasers are being urged to "seize control of their financial situation to get themselves in the best possible shape" before applying for a mortgage. Figures released by the... Read more

Mortgage approvals increase for first time in 5 months

By Christine Farrell The number of new mortgage application approvals increased in June for the first time in five months, albeit with a fairly modest lift of 4 per cent compared... Read more

Mortgage borrowers need to prepare for end of interest rate holiday

By Lauren Burns A new study considers that millions of mortgage borrowers in Northern Ireland and the rest of the UK are not prepared for the impact of higher interest rates,... Read more

Remortgagors heed rate increase warnings and choose to fix

Existing homeowners remortgaging their property have historically been more willing to take their chances with variable rate mortgage products compared to new property purchasers, but data from June suggests that... Read more

10 year wait for Northern Ireland property price recovery

By Christine Farrell It has been estimated that it could take ten years for Northern Ireland property prices to climb back to the same levels they were at before the property... Read more

97 pc of NI repossession sales result in mortgage shortfall

By Michelle Rock Almost all sales (97 per cent) of repossessed properties in Northern Ireland resulted in a shortfall which is still owed by the mortgage borrower to the lender even... Read more

Fear of rates rises draws borrowers to fixed rate mortgages

By Natasha Adamson New mortgage borrowers are being drawn to fixed rate mortgage products because of fears of future increase rate rises, according to Moneyfacts. There are over 2,000 different fixed rate... Read more

Interest only mortgage borrowers face average of £77k debt

By Natasha Adamson A debt recovery group says that interest-only mortgage borrowers in Northern Ireland and the rest of the UK will on average be saddled with a £77,000 debt once... Read more

At-risk Northern Ireland mortgage borrowers identified

By Natasha Adamson The Northern Ireland property market has been described as "dysfunctional" by a taskforce appointed by the Social Development Minister Nelson McCausland. The group was tasked with examining the extent... Read more

Mortgage approvals hit 11 month low

By Michelle Rock The number of new mortgage approvals hit an 11 month low in May, according to figures released by the Bank of England. There were 61,707 approved mortgages in May,... Read more

Carney predicts interest rates to reach 2.5pc by 2017

By Michelle Rock Mark Carney predicts interest rates will reach 2.5 per cent by 2017, and has hinted that they will stay at that level for some time. The Bank of England... Read more

Mortgage applications to be tested against 3pc rate rise

By Natasha Adamson Mortgage applicants will now have to demonstrate that they can afford a house loan even if interest rates were to increase by 3 per cent over a 5... Read more

Belfast apartment owners object to £200k bill for wall

By Christine Farrell A group of Belfast apartment owners have been told they must collectively pay a £200,000 bill for the repair of a wall in their development. A wall at Larkspur... Read more

Interest rate rises could add £1000 to annual mortgage bill

By Lauren Burns Property owners in Northern Ireland and the rest of the UK could see their annual mortgage bill increase by £1,000 in 2015 as a result of interest rate... Read more

Rising house prices increased stamp duty revenue by £900m

By Michelle Rock Stamp duty payments by property buyers increased by £900million in the last financial year according to new research by Lloyds Bank. Rising house prices in Northern Ireland, and to... Read more

Fear of rate rise affected mortgage levels in May

By Michelle Rock The threat of an earlier than expected interest rate increase, as well as the stricter lending rules brought in with the Mortgage Market Review, resulted in a flattening... Read more

Northern Ireland property prices increased in April

By Michelle Rock There was a 2.6 per cent increase in Northern Ireland house prices in the month of April, according to the latest figures from the Office for National Statistics... Read more

Credit worthy house purchasers being rejected by Lenders

By Christine Farrell Mortgage lenders are being accused of being "over-zealous" in their application of the Mortgage Market Review (MMR), doing a U-turn on mortgage applications that had been agreed in... Read more

Carney hints at interest rates rise before end of year

By Natasha Adamson Comments by the Bank of England governor, Mark Carney, suggest that interest rates could increase before the end of this year. Economists and analysts were largely of the opinion... Read more

Survey shows Northern Ireland construction activity rise

By Lauren Burns A new business survey suggests that the Northern Ireland construction sector is starting to see some recovery, with the fastest rate of growth in over 10 years recorded... Read more

Third of first time buyers would struggle if interest rates rise

By Michelle Rock Just over a third of first time buyers say they would find it hard to meet their monthly mortgage payments if interest rates were to increase. The research by... Read more

Second mortgage lender introduces 4 times salary cap

By Natasha Adamson The Royal Bank of Scotland (RBS) has become the second lender to introduce a restriction on the salary multiple they will allow for mortgage lending, following the lead... Read more

UK interest rates freeze continues at 0.5 per cent

By Christine Farrell As was widely expected the Monetary Policy Committee (MPC) of the Bank of England has voted to maintain the interest rate freeze at 0.5 per cent for another... Read more

Not much 'help to buy' in Northern Ireland

By Christine Farrell The Help to Buy scheme created to help house purchasers get on the property ladder with a low deposit has been criticised for fuelling a mini-property boom, but... Read more

Mortgage lending in Northern Ireland up in Q1

By Natasha Adamson There was a 41 per cent increase in mortgage lending in Northern Ireland in the first quarter of this year compared to the same three month period in... Read more

Third of property owners fear impact of interest rate rise

By Natasha Adamson A new study has revealed that a third of property owners in Northern Ireland and the rest of the UK believe that an interest rate increase would push... Read more

NI mortgage borrowers most vulnerable to interest rate rise

By Lauren Burns Northern Ireland mortgage borrowers face the highest risk of losing their home if interest rates were to increase, according to advice charity Housing Rights Service (HRS). Recent research by... Read more

Northern Ireland property sales highest since 2007

By Michelle Rock The number of Northern Ireland property sales are at their highest since 2007 according to new figures from the Northern Ireland Statistics and Research Agency. The Residential Property Index... Read more

New mortgage lifestyle quiz - what to expect

By Christine Farrell Since 26th April mortgage applicants in Northern Ireland and the rest of the UK have been facing a much more extensive questioning process in order to assess their... Read more

Lifestyle quiz results in 20pc drop in mortgage approvals

By Michelle Rock Mortgage approvals have dropped by 20 per cent since the new lifestyle quiz to test affordability was added to the mortgage application process, according to the Daily Mail. The... Read more

Carney moves to allay fears of early interest rates rise

By Lauren Burns Bank of England governor Mark Carney has today reacted to growing speculation that interest rates could increase this year by saying the economy is still not ready. The continuing... Read more

New mortgage lifestyle quiz likened to Spanish inquisition

By Christine Farrell Hundreds of mortgage applicants have now gone through the new mortgage lifestyle quiz that was brought in on 26th April, and it has been dubbed the 'Spanish inquisition'... Read more

Bank of England maintains UK interest rate freeze

By Michelle Rock As expected, the Bank of England Monetary Policy Committee (MPC) has voted to maintain interest rates at 0.5 per cent. It is widely expected that interest rates will remain... Read more

Northern Ireland property prices up in April says RICS

By Lauren Burns Northern Ireland property prices increased in April for the 11th consecutive month according to the recent survey by the Royal Institution of Chartered Surveyors (RICS). Of those who responded... Read more

International concerns over UK property price increases

By Natasha Adamson An international think tank has said that the Bank of England needs to act quickly to prevent a housing bubble in the UK. The Organisation for Economic Co-operation and... Read more

Most first time buyers getting cash help from parents

By Michelle Rock New research from Halifax has found that 63 per cent of first time buyers aged between 20 to 45 received financial help from their parents in order to... Read more

Stamp duty is delaying 77 pc of property purchasers

By Christine Farrell New research has revealed that over half of first time buyers have been saving for longer in order to cover stamp duty fees, and some of those have... Read more

New mortgage affordability checks will take up to 3hrs

By Christine Farrell The new mortgage affordability quiz has been implemented by mortgage lenders as of 26th April, and has already come under criticism for the delays it causes. Concerns have... Read more

Link between property prices and unemployment rates

By Lauren Burns New research suggests that property prices in Northern Ireland and the rest of the UK have grown most in areas were the rate of unemployment has fallen. The research... Read more

Fears that new mortgage lifestyle quiz will cause delays

By Lauren Burns A new lifestyle quiz that will form part of the mortgage application process from Saturday 26th April has been described as "the biggest change to the mortgage market... Read more

Tax investigations for Northern Ireland landlords

  HMRC is targeting landlords big and small in Northern Ireland and the rest of the UK with their latest Second Homes Campaign.  Recent government estimates are that there are up... Read more

Drop in number of down-valuations of Northern Ireland properties

By Christine Farrell There was a decrease in the number of properties in Northern Ireland that were down-valued for mortgage purposes in the first quarter of this year. According to the Overestimate... Read more

Unemployment rate fall sparks interest rate fears

By Michelle Rock Last August Bank of England governor Mark Carney issued a forward guidance policy in respect of interest rates in an effort to bring some assurance to mortgage borrowers... Read more

Northern Ireland house prices up 2.8 per cent

By Christine Farrell Northern Ireland property prices increased by 2.8 per cent in February compared to the same month last year according to new figures from the Office for National Statistics... Read more

Increase in first time buyers in February

By Michelle Rock There was an increase in first time buyers in Northern Ireland and the rest of the UK in the month of February according to the latest figures from... Read more

'NI property sellers need to be realistic on price'

By Christine Farrell A spokesman for the Royal Institution of Chartered Surveyors (RICS) has suggested that property vendors in Northern Ireland need to be more realistic when pricing their property if... Read more

NI property owners still concerned about negative equity

By Michelle Rock A new survey has revealed that while 10 out of the 12 regions of the UK are now worried about the increase in property prices in their area,... Read more

'Belfast only winner of high-end NI property market'

By Christine Farrell It's that time of the month again when a flurry of reports emerge in respect of the property market in Northern Ireland, and while some fairly large differences... Read more

RICS expect 4 per cent increase in NI property prices

By Lauren Burns The latest housing market survey produced by the Royal Institute of Chartered Surveyors and Ulster Bank suggests that property prices in Northern Ireland will increase on average by... Read more

Mortgage approvals dropped in February

By Michelle Rock There was a decline in the number of new mortgage approvals in February in Northern Ireland and the rest of the UK according to new figures from the... Read more

NI property purchasers not using Help to Buy mortgages

By Christine Farrell New figures have revealed that 80 per cent of the 17,000 houses purchased under the Help to Buy scheme were bought by first time buyers, but only 33... Read more

Stamp duty change for houses purchased through companies

By Christine Farrell While the 2014 budget speech made no change to the rate of stamp duty for private individuals purchasing residential property, it did contain one announcement aimed at curbing... Read more

First time buyer mortgages at highest since Q3 of 2007

By Michelle Rock The amount of mortgage lending to first time buyers in Northern Ireland and the rest of the UK has reached a 6-year high, according to new figures released... Read more

UK interest rates freeze completes fifth year

By Lauren Burns The decision of the Bank of England Monetary Policy Committee (MPC) to continue the interest rate freeze for another month means that they have now been at 0.5... Read more

68000 Northern Ireland homeowners in negative equity

By Michelle Rock Negative equity remains a large problem for homeowners in the UK, with half a million mortgage borrowers said to be in negative equity. Northern Ireland is the region with... Read more

What we know about the NI Property Market in 2014

By Christine Farrell As we come to the end of the second month of 2014 it's worth taking stock of the various articles and facts and figures produced about the Northern... Read more

2nd Homeowners in NI could be hit by new CGT rules

Changes to the Private Residence Relief (PPR) rules could affect taxpayers in Northern Ireland and the rest of the UK from 6th April 2014. Private Residence Relief means you pay no... Read more

MPC member says interest rates rise likely in Spring 2015

By Natasha Adamson Spring 2015 is fast becoming the unofficial date for an interest rate increase, with a Bank of England Monetary Policy Committee member (MPC) being the latest to say... Read more

NI property sales hit 6yr high in Q4 of last year

By Michelle Rock The number of property purchases in the October to December period of 2013 was the highest quarterly figure since 2007 according to latest figures from the Northern Ireland... Read more

Belfast apartment buyers tried to get out of contract

By Gillian Crotty The Belfast High Court has ruled that a purchaser who had signed a contract to buy a city apartment tried to get out of the deal when it... Read more

No significant drop in NI property repossessions in 2013

By Gillian Crotty New figures reveal that the number of property repossessions in Northern Ireland in 2013 decreased by just 1 per cent, or 38 repossessions, compared to the previous year,... Read more

Criticism of Carney comments on NI property prices

By Christine Farrell Experts in the Northern Ireland property market, among others, have criticised the Governor of the Bank of England Mark Carney after he suggested that Northern Ireland had yet... Read more

Northern Ireland property prices to go up by 4 per cent

By Christine Farrell The average property price in Northern Ireland will increase by 4 per cent in 2014 according to a spokesman for the Royal Institution of Chartered Surveyors (RICS). Samuel Dickey... Read more

First interest rate increase predicted for spring 2015

By Natasha Adamson Mark Carney, the governor of the Bank of England, has sought to ease concerns that interest rates are due to increase shortly by reviewing his forward guidance policy. Mortgage... Read more

How first time buyers intend to raise their deposit

By Michelle Rock While first time buyers are perhaps getting more assistance than ever before to get a foot on the property ladder, the issue of the deposit still remains the... Read more

Belfast property market the busiest in Northern Ireland

By Lauren Burns New statistics in respect of the Northern Ireland property market in the last quarter of 2013 reveal that Belfast was by far the most active region when it... Read more

Interest rate freeze continues

By Michelle Rock As expected the Bank of England's Monetary Policy Committee has voted to leave interest rates unchanged at 0.5 per cent for another month. While the predictions on when interest... Read more

NI property buyers borrowing least under Help to Buy

By Natasha Adamson New figures released by Halifax in respect of Help to Buy mortgage products show that Northern Ireland purchasers are having to borrow much less than other home buyers... Read more

Chancellor warns property shortage will last 10yrs

By Christine Farrell The supply of houses to meet the demand from buyers in Northern Ireland and the rest of the UK will continue to fall short for another 10 years... Read more

More borrowers taking out 30 and 35 year mortgages

By Natasha Adamson House purchasers and remortgagors are increasingly taking out mortgages with a term over and beyond the traditional 25 years according to mortgage experts. In the past mortgages were often... Read more

Mortgage approvals highest since September 2007

By Christine Farrell Mortgage approvals in December reached their highest level since before the start of the financial crisis according to new figures from the British Bankers' Association. There were 46,521 mortgage... Read more

Increase in first time buyers but fewer home movers

By Michelle Rock New statistics from the Council for Mortgage Lenders in respect of borrowing in November shows an increase in first time buyers, but a decline in both home movers... Read more

Largest drop in 16 yrs takes unemployment rate to 7.1pc

The largest drop in the number of people without a job in the UK since the autumn of 1997 has taken the rate of unemployment to 7.1 per cent -... Read more

Link interest rate increase to wage growth says economic group

By Natasha Adamson The Bank of England is being urged to add to it's forward guidance policy by linking any future increase in interest rates to growth in real-term wages. The EY... Read more

House sellers cause delay by instructing solicitor late

By Christine Farrell Property sellers are causing delays in their own sales by leaving it too late to instruct a property conveyancing solicitor, according to new research by estate agents Move... Read more

Interest rate freeze continues but no hint on future

By Natasha Adamson The Bank of England has voted to maintain the current interest rate freeze at 0.5 per cent for another month, but there was no further guidance or hint... Read more

Economists predict interest rate freeze to hold in 2014

By Lauren Burns There have been further predictions that interest rates will not increase in 2014, as BBC economists were overwhelmingly in agreement that the 0.5 per cent rate would hold. Of... Read more

NI borrowers told interest rates not rising in 2014

By Michelle Rock Danske Bank has attempted to ease concerns of Northern Ireland mortgage borrowers by suggested that interest rates would not increase in 2014 even if the unemployment rate hits... Read more

UK homeowners have learned negative equity lesson

By Natasha Adamson New figures from the Bank of England suggest that property owners in Northern Ireland and the rest of the UK have learned an important lesson when it comes... Read more

London property boom may force early interest rate rise

By Michelle Rock The business secretary, Vince Cable, has suggested that the London housing boom may have to be brought under control by an early interest rate increase. The Governor of the... Read more

4 pc increase predicted for Northern Ireland property prices

By Lauren Burns The Royal Institute of Chartered Surveyors (RICS) is predicting that Northern Ireland property prices will increase by 4 per cent over the next year. The Northern Ireland property market... Read more

New survey suggests mortgage rate rise concern

By Natasha Adamson Nearly half of would-be house purchasers are concerned about mortgage affordability according to new research by the Building Societies Association, and 27 per cent say that concern about... Read more

1600 first time buyers in Northern Ireland in Q3

By Christine Farrell Mortgage loans were advanced to 1,600 first time buyers in Northern Ireland in the third quarter of 2013 according to the latest data from the Council of Mortgage... Read more

Northern Ireland house purchases at 6 yr high

The number of property purchases in Northern Ireland during the third quarter of this year reached a 6 year high according to the latest NI Residential Property Price Index. There were... Read more

Northern Ireland house prices increase again

By Christine Farrell Property prices in Northern Ireland increased for the second consecutive quarter during the months of July to September according to the latest NI Residential Property Price Index. There was... Read more

Economy boost means interest rates could go up in 2014

By Natasha Adamson When Mark Carney attempted to bring some certainty to the future of interest rates earlier this year he advised that there would be no movement until the rate... Read more

First time buyers rush to Help to Buy scheme

Three quarters of the applications for mortgages under the Help to Buy scheme are from first time buyers, and according to lenders Halifax, RBS and Natwest, the demand in the... Read more

Stamp Duty is undermining the Help to Buy scheme

There has been a resurgence of calls for stamp duty to be reformed in the past week, with the Council of Mortgages (CML) in particular saying it is 'perverse' to... Read more

Interest rates remain frozen at 0.5 per cent

By Christine Farrell As expected the Bank of England has continued the freeze on UK interest rates, remaining at 0.5 per cent for yet another month. The monthly vote of the Monetary... Read more

Home owners and buyers turn to fixed rate mortgages

By Natasha Adamson The vast majority of home purchases and remortgages that took place in the month of August involved a fixed rate mortgage. Analysis from Legal & General Mortgage Club suggests... Read more

First time buyers find bank of Mum and Dad closing

By Christine Farrell New research suggests that fewer parents are in a position to help out children requiring financial assistance in order to get a foot on the property ladder. In the... Read more

Mortgage approvals reach 4 year high in September

By Natasha Adamson The number of new mortgages approved by lenders for house purchasers in the month of September rose by 10 per cent compared to August to reach a four... Read more

Second modest rise in Northern Ireland house prices

By Christine Farrell The Office for National Statistics (ONS) has reported a second consecutive increase in Northern Ireland property prices, albeit a modest one. Northern Ireland house values are said to have... Read more

UK house price stats distorted by London boom

By Christine Farrell The average house price in the UK has risen to a record level according to the Office for National Statistics (ONS), but like with all statistics, a little... Read more

UK interest rates remain frozen at 0.5 per cent

By Natasha Adamson Interest rates in Northern Ireland and the rest of the UK will remain at 0.5 per cent for the 55th consecutive month. As expected, the Bank of England's Monetary... Read more

Help to Buy mortgage scheme will improve NI economy

By Christine Farrell The Housing Minister Nelson McCausland says the Help to Buy mortgage scheme will provide a "boost" to the Northern Ireland economy, though only one local bank has currently... Read more

Fourth consecutive month of NI house price increases

By Christine Farrell Members of the Royal Institution of Chartered Surveyors (Rics) in Northern Ireland are agreed that property prices have increased for the fourth consecutive month. Approximately 60 per cent of... Read more

Critics of Help to Buy scheme are out of touch

By Christine Farrell Danny Alexander, the chief secretary to the Treasury, has said that people criticising the Help to Buy scheme as leading to a housing bubble are out of touch... Read more

Remortgages increase despite Carney rates pledge

By Natasha Adamson New figures from the Bank of England show that mortgage approvals for remortgaging increased last month, despite many commentators suggesting that Mark Carney's pledge not to increase rates... Read more

Mortgage approvals reach 4 year high

By Natasha Adamson The number of new mortgages approved in the month of August was the highest total since December 2009, and further illustrates the resurgence of the UK property market. Members... Read more

House buying - what you see isn't always what you get - pt2

By Christine Farrell Part 2 of 2  In the first part of our guide to purchasing a house we looked at fixtures and fittings, and how the seller has the right to... Read more

NI man gets £20k fine for unauthorised building

By Christine Farrell A man from Northern Ireland who constructed a large building without any planning permission has been given a £20,000 fine. Londonderry man John Doherty had received numerous DoE planning... Read more

Carney pledge makes variable rate mortgages attractive

By Natasha Adamson Remortgagors are putting their faith in Mark Carney's interest rate pledge and choosing variable rate mortgages over fixed rate deals. Interest rates have been frozen for 53 months now,... Read more

Northern Ireland property prices increase

By Christine Farrell Property prices in Northern Ireland increased in the month of July according to new figures from the Office for National Statistics. House values in Northern Ireland rose by 1.8... Read more

Bank of England should police house prices

By Christine Farrell The Royal Institution of Chartered Surveyors (Rics) says the Bank of England should impose limits to curb house price increases in a bid to do away with 'property... Read more

Homeowners watch unemployment rate drop

By Christine Farrell It is for all intents and purposes a good news story - the rate of unemployment in the UK dropped between May and July from 7.8 per cent... Read more

Northern Ireland property prices rose in August

By Christine Farrell Property prices in Northern Ireland increased in the month of August according to the majority of surveyors who took part in the latest Royal Institute of Chartered Surveyors... Read more

Interest rate freeze continues into 53rd month

By Natasha Adamson Interest rates will remain frozen at 0.5 per cent for the 53rd month, and while they are not expected to be going up anytime this year, some economists... Read more

Majority of remortgages involve lender switch

By Natasha Adamson Only 3 per cent of people who remortgaged last month stuck with their current lender according to a new survey. The poll carried out by LMS reveals that while... Read more

July Mortgage levels highest since March 2008

By Christine Farrell There were 60,624 house purchase mortgage approvals in Northern Ireland and the rest of the UK in July, taking borrowing to its highest since March 2008 - before... Read more

Northern Ireland mortgage lending up in Q2

Mortgage lending in Northern Ireland increased in the second quarter of 2013 according to new figures released by the Council of Mortgage Lenders (CML). First time buyers were described as the... Read more

Belfast most affordable UK city for house purchasers

By Christine Farrell New research has revealed that Belfast and Hull are the two most affordable cities to purchase a property in the UK when house prices are compared to local... Read more

First total increase in NI property prices in 6 yrs

By Christine Farrell For the first time since the second quarter of 2013 all property types in Northern Ireland have experienced a price increase, according to the latest NI Residential Property... Read more

Northern Ireland Property price guide – 2013 Q2

By Christine Farrell The latest Northern Ireland Residential Property Price Index has been released, indicating the first overall increase in all house types in the province since 2007. Below is a price... Read more

Northern Ireland property sale levels rose in Q2

By Christine Farrell The latest Property Price index shows an increase in the number of property sales in Northern Ireland in the second quarter of this year, with 3,460 house purchases,... Read more

Mortgages at most affordable in 14 years

By Natasha Adamson Property purchasers and existing home owners are currently faced with the most affordable mortgages in 14 years according to new research. Two towns in Northern Ireland made the top... Read more

Fewer people to leave their property as inheritance

By Lenore Rice The number of people in Northern Ireland and the rest of the UK planning to sell or rent their property in order to fund their retirement has risen... Read more

Long wait for NI property prices to return to peak

By Christine Farrell Northern Ireland property prices won't return to the property boom peak levels of 2007 until 2025 according to a new analysis by consultancy firm PwC. The Northern Ireland chief... Read more

Survey suggests Northern Ireland house price stabilisation

By Christine Farrell Northern Ireland property prices are stabilising according to the latest survey of estate agents by the Royal Institute of Chartered Surveyors (Rics). An overwhelming majority (90 per cent) of... Read more

First time buyers have a 14 yr wait to purchase up

By Christine Farrell The average age of the 'second stepper', or 'second time buyer' has risen to 42 years old, meaning that first time buyers will on average spend 14 years... Read more

Interest rate increase tied to unemployment drop

By Christine Farrell Interest rates will not increase until unemployment falls to 7 per cent says Bank of England governor Mark Carney. It is has been widely considered that interest rates would... Read more

NI property owners worst off when downsizing

By Christine Farrell Northern Ireland home owners fare the worst when downsizing their property according to a study by MGM Advantage. Many property owners in Northern Ireland and the rest of the... Read more

MPC vote to keep interest rates at 0.5 per cent

By Christine Farrell Interest rates will remain at 0.5 per cent after the latest monthly vote of the Bank of England Monetary Policy Committee. The 0.5 per cent interest rate has now... Read more

Study suggests most people can save by remortgaging

Research carried out for the Telegraph suggests that now is the best time to remortgage in six years, and over half of homeowners in Northern Ireland and the rest of... Read more

120,000 first time buyers in first half of 2013

There were 120,000 first time buyers in Northern Ireland and the rest of the UK in the first six months of 2013, according to a report by Halifax. That is the... Read more

Parents cut spending to help children buy property

New research shows the extent to which parents in Northern Ireland and the rest of the UK are helping their children get on to the property ladder - eating into... Read more

House buying - what you see isn't always what you get

By Christine FarrellPartner at Wilson Nesbitt specialising in Property Conveyancing  Part 1 of 2 The overall decoration of a house is a huge factor for most buyers, as it helps them imagine... Read more

Stats show NI property prices on the rise

New data from the Office of National Statistics suggests that property prices in Northern Ireland have increased by 1.9% over the last year, making it the second best performing housing... Read more

Mortgage lending up by 26 per cent in June

Mortgage lending increased by 26 per cent in June compared to the same month last year according to the Council of Mortgage Lenders. There was a 2 per cent increase in... Read more

NI house prices stabilising says RICS report

Northern Ireland property prices are showing signs of stabilising according to the latest report by the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank. The report indicates that both house... Read more

Interest rate freeze continues under new Governor

The meeting of the Monetary Policy Committee (MPC) was awaited with much interest as Mark Carney started his first day as Governor of the Bank of England with a vote... Read more

Bust developers road bond cashed in to finish roads

Home owners who purchased new build properties in the Lindara estate in Larne have been assured that the road bond lodged by the developer, who has since gone bust, will... Read more

Social housing scheme confirmed for Holywood

It has been confirmed that a new social housing scheme will be built on a site in Holywood, Co Down, providing 31 family homes and 6 apartments for elderly people... Read more

Belfast property prices increase by 4 per cent

Belfast property prices are up 4 per cent on last year according to new figures released by Nationwide Building Society, and the average house price in Northern Ireland is now... Read more

UK mortgage approvals at 16 month high

The number of mortgage approvals in Northern Ireland and the rest of the UK surpassed expectations in the month of May, reaching a 16 month high. A report by the British... Read more

Rics criticises Right to Buy scheme

The Royal Institution of Chartered Surveyors (Rics) has criticised the Right to Buy scheme that allows council tenants to purchase their rental home at a discount, saying it is reducing... Read more

Majority of first time buyers get help from parents

According to new research by the Council for Mortgage Lenders, 64 per cent of first time buyers in Northern Ireland and the rest of the UK got financial assistance from... Read more

Half of second steppers can't afford to move

A survey by Lloyds TSB has revealed that 55 per cent of second steppers; existing home owners wanting to move to another property, cannot meet the deposit requirements. While government incentives... Read more

Interest rates remain frozen at 0.5 per cent

Interest rates will continue at their record low of 0.5 per cent following the last meeting of the Monetary Policy Committee (MPC) chaired by Sir Mervyn King, who has voted... Read more

NI only part of UK to see drop in first time buyers

First time buyers in Northern Ireland are falling behind their UK counterparts in terms of activity in the property market. In the first quarter of 2013 there was an increase in... Read more

Call for first time buyer stamp duty exemption

The HomeOwners Alliance (HOA) is calling for a permanent exemption from stamp duty for first time buyers, as well as other changes to the property tax system, which they believe... Read more

3 in 5 NI houses are bought by first time buyers

Three out of every five properties sold in Northern Ireland are being bought by first time buyers according to new figures. The statistics released by the Council of Mortgage Lenders in... Read more

Report shows increase in NI house sales

The latest government statistics reveal that there continues to be an increase in property sale transactions in Northern Ireland, and while there is a varying performance of house values across... Read more

20 per cent increase in first time buyer mortgages

There was a 20 per cent increase in the number of first time buyers taking out a mortgage in the month of March, according to the Council of Mortgage Lenders. The... Read more

Investors driving the NI property market

There has been an increase in purchases of lower priced properties in Northern Ireland according to research by the Royal Institution of Chartered Surveyors (RICS), but it is thought to... Read more

£25k fine for building house without permission

A Northern Ireland man who built a house without any of the appropriate planning or building control permissions has been fined £25,000, his third fine in respect of the unapproved... Read more

Interest rates remain frozen at 0.5 per cent

As expected, the Bank of England has today confirmed that interest rates will remain frozen at 0.5 per cent - good news for mortgage borrowers and would-be house purchasers. Many commentators... Read more

NI property report shows signs of stabilisation

Northern Ireland property buyers are waiting anxiously for the headlines that house prices are on their way up again, but for now they will have to settle for reports that... Read more

Guide to Northern Ireland house value performance

Below is a quick glance guide to house value performance in the different regions of Northern Ireland based on the latest survey from the University of Ulster, produced with the... Read more

New mortgage approvals up in March

There was an increase in the number of new mortgage approvals for home purchasers and remortgagors in the month of March, though February's five year low was always going to... Read more

Mortgage borrowers favour 5yr fixed deals

Mortgage borrowers in Northern Ireland and the rest of the UK are turning to 5-year fixed products, with a 73% increase in the past year. Home buyers and remortgagors have traditionally... Read more

No confidence in Northern Ireland property prices

While the rest of the UK responded to a survey with growing confidence in the property market, not one person in Northern Ireland predicted any increase in house values this... Read more

Lending to first time buyers at 5yr high

New figures released by the Council of Mortgage Lenders suggests that lending to first time buyers in January and February reached a 5 year high. There was a 3 per cent... Read more

Survey suggests NI property prices steady

The latest Royal Institution of Chartered Surveyors (RICS) survey presents a very positive picture of the Northern Ireland property market, with the majority of those surveyed saying house prices had... Read more

Mortgage rates to fall in next quarter

The Bank of England expects mortgage rates to fall over the next three months, having already dropped for three quarters in a row. The fall in mortgage rates is thought to... Read more

Even hobbit houses need planning permission

Property owners in Wales have learned that it is one thing to build a house that is friendly to the environment, but it also has to be friendly to the... Read more

Mortgage borrowing down in February

Mortgage lending to fund house buying and remortgaging in Northern Ireland and the rest of the UK was down in February according to the latest figures from the The British... Read more

NI developers to be forced to complete sites

A power under the Planning Order to require developers to complete developments they have begun work on in Northern Ireland is being tested for the first time. There are a large... Read more

Survey suggests end to NI property price decline

Over a half of the estate agents and surveyors who took part in the latest Institution of Chartered Surveyors (RICS) poll said that property prices in Northern Ireland had remained... Read more

First-time sellers stuck on property ladder

The UK preoccupation with property shows no sign of abating, and all the monthly reports and statistics have us well familiar with the plight of the first-time buyer, but a... Read more

Liverpool City Council sell houses for £1

Liverpool City Council has come up with a bold initiative to tackle a problem with derelict housing in some of its' streets. The Council offered up 20 houses for a... Read more

NI is region with most negative equity

New figures from the Council of Mortgage Lenders show that 69,000 houses in Northern Ireland are in negative equity, making it the worst effected region of the UK. The Northern Ireland... Read more

NI first time buyers paid 20 pc deposits in 2012

The average deposit paid by the 5,100 first-time buyers who purchased a house in Northern Ireland last year was 20 per cent of the total property price, according to figures... Read more

NI house prices dropped 13 per cent in 2012

Another report has emerged in respect of the Northern Ireland property market, with the Land and Property service figures showing that houses lost 13 per cent in value over the... Read more

NI property activity up at lower end of market

The latest University of Ulster Quarterly House Price Index reveals that 69 per cent of property purchases in Northern Ireland involved houses costing £150,000 or less in the last quarter... Read more

Northern Ireland house price guide

The latest University of Ulster Quarterly House Price Index has been released with statistics on the Northern Ireland property market in the last quarter of 2012. Below is a list showing... Read more

Northern Ireland house prices still falling

Northern Ireland property prices are still falling according to the most recent report from the Royal Institute of Chartered Surveyers and Ulster Bank. On a positive note, there has been an... Read more

NI house prices to increase by 6% in 5 years

Property prices in Northern Ireland will increase by 6% over the next five years according to a new study by the think tank, Centre for Economics and Business Research (CEBR). The... Read more

First time buyers put January borrowing at 4yr high

New figures produced by E.surv suggest that mortgage borrowing reached a four year high in January of this year, with first time buyers using high loan-to-value mortgages said to be... Read more

Interest rates remain frozen at record low

As expected, the Monetary Policy Committee has today announced that interest rates will remain frozen at 0.5 per cent, which will mean that next month will see the completion of... Read more

Wilson Nesbitt commits to CA consumer pledges

Wilson Nesbitt has committed to support and uphold Conveyancing Association consumer pledges which are designed to make the process of buying a house smoother and more efficient for our clients... Read more

Bank of England maintains interest rate freeze

The interest rate will remain at 0.5% for the 46th consecutive month, on course to reach four years in March 2013. As expected, the Bank of England monetary policy committee (MPC)... Read more

UK mortgage approvals continue to increase

The number of new mortgage approvals in Northern Ireland and the rest of the UK in November increased to a three year high according to new figures from the Bank... Read more

NI house prices fall back to 2004 values

Property prices in Northern Ireland fell by 1.4% in the last quarter of 2012, resulting in an overall 8.2% decrease for the year, which takes values back to the levels... Read more

Average first time buyer deposit 27k

A new report by Halifax suggests that the average deposit put down by first time buyers in Northern Ireland and the rest of the UK in 2012 was £27,239. The number... Read more

New Years resolutions more finance orientated

The past couple of years have seen a change to the most popular New Years resolutions made by people in Northern Ireland and the rest of the UK. While dieting, exercise... Read more

Homeowners opt to reduce mortgage debt

The number of new mortgages taken out in November was marginally up on the month before, but down on the same month last year. Homeowners in Northern Ireland and the... Read more

Mortgage arrears and repossessions lower than forecast

The number of mortgage borrowers in arrears by the end of this year is 22 per cent lower than forecast at the start of 2012, and repossessions are also lower... Read more

Equity release by parents reducing inheritances

New figures suggest that an increase in equity release among older property owners is resulting in fewer and smaller inheritances. The statistics produced by Remortgage.com point to the availability of mortgages... Read more

Cheaper to buy a house than to rent

A new survey by Zoopla.co.uk suggests that it costs £1,080 less each year to purchase a house than to rent one in 90 per cent of towns in Britain. The average... Read more

Northern Ireland house prices by region and type

House prices in Northern Ireland dropped in the third quarter of this year according to the latest University of Ulster Quarterly House Price Index, with apartments in particular experiencing the... Read more

Mortgage lending increased in October

Mortgage lending reached an eleven month high in October, with a £12.9billion worth of new mortgages borrowed by people in Northern Ireland and the rest of the UK. The number of... Read more

Northern Ireland's negative equity problem

New research by the Council of Mortgage Lenders (CML) suggests that negative equity could soon just be an issue for Northern Ireland property owners. Negative equity occurs when a homeowner has... Read more

Remortgaging and house buying down in September

The Council of Mortgage Lenders (CML) have reported that mortgage lending in Northern Ireland and the rest of the UK was down in September. The number of new mortgages taken out... Read more

Mortgage borrowers preferring 5 yr fixed deals

New mortgage borrowers in Northern Ireland and the rest of the UK are preferring five-year fixed deals, as property owners try to make the most of the record low interest... Read more

Increase in Mortgage lending in August

There was an increase in the number of house buyers approved for mortgages in the month of August according to the latest figures from the Council of Mortgage Lenders (CML). There... Read more

Northern Ireland house price guide

The latest University of Ulster Quarterly House Price Index estimates that the overall average house price in Northern Ireland is currently £139,633. That figure does not include houses sold at... Read more

Report suggests NI property market stability

The latest University of Ulster Quarterly House Price Index suggests that there are signs of stability returning to the property market in some regions of Northern Ireland. The overall average sale... Read more

Grants for NI homeowners to upgrade heating

Northern Ireland homeowners can apply for a grant of up to £1000 to replace old inefficient boilers. The Northern Ireland Executive has pledged £12million in grants to help property owners upgrade... Read more

Bank of Ireland pledges £200m mortgage funds

The Bank of Ireland is hoping that a £200million mortgage fund pot will spark borrowing activity in Northern Ireland. Mortgage lending in Northern Ireland fell in the second quarter of this... Read more

Increase in fraudulent mortgage applications

A new report by Experian suggests that fraudulent mortgage applications increased by 22 per cent between April and June, as would-be house purchasers get increasingly desperate to get their foot... Read more

5000 empty properties in Northern Ireland

There are 5000 empty residential properties in Northern Ireland - the fruit of a property boom, and sudden market collapse, that forced builders to abandon new developments half way through... Read more

Increase in first-time buyers in June

New figures released by the Council Of Mortgage Lenders (CML) reveal that their was a 9.1% increase in the number of mortgage loans to first time buyers in June compared... Read more

Fall in UK house repossessions

The number of properties being repossessed in Northern Ireland and the rest of the UK has fallen by 1100 in the second quarter of this year. There were 8,500 repossessions from... Read more

Interest rates unchanged in August

The Bank of England has once again chosen to maintain interest rates at 0.5%, and has not increased its quantitative easing (QE) programme. The decisions were widely expected as an increase... Read more

Launch of scheme to increase bank lending

A new initiative to increase bank lending to homeowners, home purchasers, and businesses, has been launched, with some of the biggest lenders already cutting the cost of some of their... Read more

Property prices drop in July

Property prices dropped again in July according to one of the first reports to emerge on the performance of the property market last month. The figures released by Nationwide building society... Read more

UK interest rates remain unchanged

The Bank of England has confirmed that there will be no change to the current 0.5% rate of interest after the monthly meeting of the Bank's Monetary Policy Committee (MPC). It... Read more

Fixed mortgages offer lowest rate in two years

Borrowers in Northern Ireland and the rest of the UK are currently offered five-year fixed mortgages at their lowest average rate since April 2010. Two years ago, the average rate for... Read more

Interest rates to stay frozen for years

Financial experts and economists are saying that interest rates could remain frozen at their current rate of 0.5 per cent into 2014 and beyond. A member of the Bank of England... Read more

UK interest rates to stay at record low

As expected, the Bank of England Monetary Policy Committee has announced that interest rates are to continue at their record low of 0.5% - originally set in March 2009. There is... Read more

Northern Ireland house prices at 2004 levels

A new report by Halifax suggest house values in Northern Ireland have declined down to 2004 levels, and now stand at a half of what they were worth during the... Read more

Over half of UK homeowners have never remortgaged

Research carried out by Barclays has revealed that 58% of homeowners in Northern Ireland and the rest of the UK have never changed their mortgage outside of a house-move, and... Read more

NI mortgage debt up by 1801 per cent

New figures released from the Citizens advice bureau (CAB) show the extent of the increase in mortgage arrears in Northern Ireland over the last few years. The CAB figures show... Read more

Mortgage lending bounces back in August

The Council of Mortgage Lenders (CML) has confirmed that mortgage lending across the UK increased by 6% in August compared to the previous month. July had been a surprisingly poor... Read more

Mortgage arrears fall back to 2008 levels

New figures released by the Financial Services Authority (FSA) show that mortgage borrowers are winning the fight against arrears and repossession, as the number of people falling into difficulties with... Read more

No change to UK interest rates

As expected, the Bank of England's Monetary Policy Committee (MPC) has today announced that there will no be change to the current record 0.5% rate of interest. The decision to continue... Read more

No sign of increase in mortgage lending

New figures from the Council of Mortgage Lenders (CML) show that mortgage lending fell slightly in July, down 1% compared to the previous month, and 6% down on July 2010. A... Read more

Lender tolerance of arrears creating fools paradise

Director of Obligo.co.uk says that the record low interest rates and "remarkable forbearance" by lenders have together "created a fool's paradise, where people's mortgage payments are comparatively low and lenders... Read more

Low interest rates keep repossessions down

The Council of Mortgage Lenders (CML) says that the number of cases of mortgage arrears and repossessions have been kept in check by the continuing record low interest rates. Figures show... Read more

Nearly a million householders in negative equity

New figures produced by the Council of Mortgage Lenders (CML) in respect of the first quarter of this year suggest that nearly a million householders in Northern Ireland and the... Read more

Mortgage lending down in April

Figures released by the British Bankers' Association (BBA) show a drop in mortgage approvals for house buyers and existing home-owners wanting to change to a different mortgage product. The extended bank... Read more

Remortgages up due to interest rate increase fears

There was a 16% increase in remortgage loans in March according to the Council Of Mortgage Lenders (CML), and it believes that a fear of an iminent increase to the... Read more

No change to UK interest rates

The Bank of England Monetary Policy Committee (MPC) has again voted to maintain interest rates at their record low of 0.5%, in a move which was widely predicted by economists... Read more

No change to MPC member votes on interest rate rise

Every month the minutes of the Monetary Policy Committee (MPC) meeting are anticipated with as much interest as the actual decision announcement on interest rates at the start of the... Read more

First time buyers pay 558% more than parents did

A study conducted by SHIP has revealed that the current crop of first-time buyers will have to pay 558% more than their parents paid for their first house in order... Read more

Rush to remortgage over interest rate fears

Bank of England figures for February show an increase of 5% in mortgage approvals for existing home owners, taking the remortgage rate to a 26-month high, and 35% higher than... Read more

Inflation revives interest rate hike speculation

News that inflation rose to a 28-month high of 4.4% in February immediately rekindled speculation that the Bank of England will have to increase interest rates. The economy has been... Read more

Cost of fixed mortgage deals on the increase

Mortgage brokers are warning that the cost of fixed-rate mortgage deals are on the increase amid growing speculation that there will soon be a hike in interest rates. It is... Read more

Homeowners trusting in low base rate

Nearly half of all homeowners (48%) have not reviewed their mortgage since the base rate was first dropped to 0.5% in March 2009. The research by unbiased.co.uk suggests that the... Read more

Rising support for rates increase among policymakers

That the Bank of England Monetary Policy Committee chose to hold interest rates at their current level in their last meeting came as no surprise to commentators throughout Northern Ireland... Read more

Interest rates stay at 0.5 per cent

As expected, interest rates in the UK have been kept at 0.5% for another month by the Bank of England's Monetary Policy Committee. There was also no announcements of plans... Read more

UK interest rates held at 0.5% by Bank of England

As expected, the Bank of England's Monetary Policy Committee (MPC) has announced that there will be no change to the current 0.5% interest rates, and that there are currently no... Read more

Pensioners avoid inheritance tax by keeping mortgages

According to Lewis Hymanson Small, there is a growing trend among wealthy pensioners of deliberately maintaining a mortgage in order to avoid paying inheritance tax. A mortgage counts as debt... Read more

Homebuyers consider remortgage option

The latest John Charcol Mortgage Index suggests that homeowners are beginning to consider remortgaging their homes again after what has been a significant lull in the housing refinancing market. The... Read more

Fears spending cuts will increase repossessions

The announcement by the government that Income Support for Mortgage Interest (ISMI) is to be slashed has many industry experts predicting an increase in the number of repossessions that will... Read more

Homeowners shun spending to increase home equity

Statistics from the Bank of England have shown that home owners' equity rose by £6.2billion in the second quarter of this year. From July 1998 to March 2008 home owners... Read more

August Mortgage lending at ten year low

The Council of Mortgage Lenders (CML) has confirmed that total mortgage lending in the UK fell again for the second consecutive month in August. Lending fell by 14% from £13.3billion... Read more

Interest rates remain at record low

The Bank of England has opted to hold the UK interest rates at 0.5% for the 18th month in a row. The move was expected but each month the record... Read more

Mortgage market dip predicted by Lenders

The Council of Mortgage Lenders (CML) is predicting a drop in the mortgage market for the remainder of 2010 with activity in the market described as "subdued" compared to the... Read more

Most homeowners unaware of effect of interest rate increases

The newly formed Consumer Financial Education Body (CFEB) has released results of a survey showing that 74% of homeowners do not know how a 1% rise in the Bank of... Read more

Bank of England keeps interest rates at 0.5%

It seems along time ago since house owners and first time buyers eagerly awaited the interest rates announcement from the Bank of England. These days it is accepted as a... Read more

Mortgage overpayments doubled in 2009

Twice as many mortgage borrowers opted to overpay on their mortgage in 2009, as more and more people take advantage of the low interest rate to shorten their mortgage term. Borrowers... Read more

Interest rates kept at record low of 0.5%

The Bank of England has kept the interest rates in the UK at its record low of 0.5%; now the rate since March 2009. Analysts were not surprised to hear the... Read more

Mortgage borrowing in January hit by Stamp Duty rise

Gross lending for home loans fell by 32% to £9.1bn in January compared with December according to the Council of Mortgage Lenders. They went on to suggest that the drop... Read more

'Fewer landlords' opted for buy-to-let remortgaging in Q4 2009

Fewer landlords opted for buy-to-let remortgaging during the closing three months of last year, according to new figures. Only 30 per cent of landlords chose to remortgage their buy-to-let properties... Read more

Good news for first time buyers as 90% mortgages start to return

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... Read more

Interest rates remain frozen for 11th consecutive month

The Bank of England has voted to maintain the base rate at the record low of 0.5% for the 11th month in a row. The Monetary Policy Committee (MPC) cited... Read more

'Considerable' house price rises seen in last decade

The houses prices seen across the UK in the past decade grew by a substantial amount, new research has shown.Between the final three months of 1999 and the same period... Read more

More protection promised for borrowers in arrears

The Financial Services Authority (FSA) has announced that it will offer greater protection for borrowers who have fallen into difficulties keeping up their monthly mortgage payments. The financial watchdog has... Read more

Rise in use of credit cards to pay mortgages

A survey conducted by housing charity 'Shelter' has found that approximately 6% of UK households, equating to around 1 million families, have used credit cards to pay their mortgage or... Read more

Rics event to address Northern Ireland housing sector

The housing sector in Northern Ireland will be the subject of a forthcoming event in Belfast which is to be launched by the Royal Institution of Chartered Surveyors (Rics).Set to... Read more

Large deposits 'still having an impact' on first-time buyers

A number of potential first-time buyers in the UK may be struggling to gain access to the property ladder because of the large deposits that they are expected to provide,... Read more

Lenders get ready to push up mortgages rates

Lenders operating across Northern Ireland and the rest of the UK are expected to follow the path of Marsden Building Society, a small lender operating in the North-West of England,... Read more

Mortgage borrowers focus on increasing equity by overpaying

Quarterly estimates from the Bank of England show that between July and September mortgage borrowers reduced their home loans by £4.9 billion. For the sixth successive quarter borrowers repaid more... Read more

UK mortgage regulation 'should not harm housing market'

The Financial Services Authority (FSA) should ensure that it does not harm the UK's housing market if it decides to introduce any further mortgage regulations in the near future, it... Read more

Renting 'may be a better option' for some first-time buyers

Some prospective first-time buyers in the UK might find renting a more cost-effective option, an expert has claimed.Lucian Cook, director of residential research at the real estate firm Savills, believes... Read more

Homeowners continue to stay clear of fixed rate mortgages

November saw the number of homeowners choosing a fixed-rate mortgage fall to its smallest market share for just over 12 months despite Lenders cutting their rates over the last few... Read more

Property ownership 'proving less important' to Britons

British people may currently be less interested in the concept of acquiring their own property, compared to the attitudes of previous years, new research has suggested.When it comes to the... Read more

End of Stamp Duty holiday 'may affect UK housing market'

The UK's housing market has displayed recent signs that it may be recovering steadily, according to one expert.Peter Bolton King, who acts as the National Association of Estate Agents' chief... Read more

UK's first-time buyers 'able to access more borrowing products'

The UK's housing market may see further signs of improvement if first-time property buyers are given more opportunities to borrow money, it has been suggested.There has been an 18.3 per... Read more

People 'often looking to move' because of neighbours

A number of people have recently looked to move to a new property because they find their neighbours to be annoying, new research suggests.In the past two-year period, figures published... Read more

Pre-Budget Report 'should support' first-time buyers

The government should offer more support to first-time buyers in its forthcoming Pre-Budget Report, one organisation believes.According to the Association of Mortgage Intermediaries (AMI), the report should ensure that Shared... Read more

Research shows property price increase for fourth month in a row

Housing Intelligence group Hometrack has said that house prices rose by 0.2% in November 2009 across England and Wales. The group were careful however to temper the results of their... Read more

October Mortgage approvals doubled compared to last year

Mortgage approvals in October rose by 98% against the same month last year according to the British Bankers' Association (BBA). It should be remembered that this time last year approvals... Read more

Buy-to-let investors 'should carefully research properties'

People considering entering the UK's buy-to-let market should conduct thorough research before opting to invest in any properties, it has been claimed.Following recent figures published by moneyfacts.co.uk, which suggested that... Read more

CML reduces UK repossession predictions

The number of repossessions in the UK this year will not be as high as originally predicted, according to the Council of Mortgage Lenders (CML).It now expects to see 48,000... Read more

Q3 sees 'confidence grow' among many UK landlords

A number of UK landlords are feeling more confident about their prospects for the future, according to third-quarter statistics released by Paragon Mortgages.The firm's PRS Trends report for the latest... Read more

Amateur landlords 'often forced to leave' UK rental market

A number of amateur landlords have had to leave the UK's rental market in recent months due to falling property values, an expert suggests.Survey results published by the Association of... Read more

Future mortgage borrowers set for 'affordability tests'

People looking to take out home loans may face affordability tests in the future as part of new mortgage reforms proposed by the Financial Services Authority (FSA). The organisation, which... Read more

CML: UK house purchase lending more stable

UK house purchase lending has shown recent signs of improvement, according to one industry body.The Council of Mortgage Lenders (CML) suggests that the number of house purchase loans seen in... Read more

BPF: Buy-to-let mortgages need more regulation

Buy-to-let mortgages should be better regulated in the UK in order to offer more support to the housing market, it has been suggested.According to the British Property Federation (BPF), the... Read more

NI house prices 'saw third quarter improvement'

House prices in Northern Ireland saw a large increase during the third quarter of 2009, new figures suggest.Research published by Nationwide shows that all UK regions witnessed a rise in... Read more

UK gross mortgage lending 'hit by seasonal decrease'

Gross mortgage lending in the UK was affected by a seasonal decrease in demand in August, an industry body suggests.Figures published by the Council of Mortgage Lenders (CML) reveal that... Read more

Research reveals 'weak' remortgaging figures

Levels of remortgaging in the UK were "unsurprisingly weak" during July, according to the Council of Mortgage Lenders (CML). New figures from the body have revealed that the number of... Read more

Northern Ireland sees small signs of housing recovery

The Northern Irish property market is showing signs of a tentative upturn, according to new figures.A study conducted at the University of Ulster highlighted that house sales rose between April... Read more

Consumers 'making a bet by remortgaging'

The decision of many property owners in the UK and Northern Ireland to consider remortgaging has been described by an expert as "a bit of a bet". Figures from the... Read more

Mortgage approvals edge up but lending capacity could hamper growth

Mortgage approvals for house purchases in Northern Ireland and the rest of the UK continued to rise last month, according to data from the Bank of England, which showed the... Read more

Overvaluation of property can cause problems when remortgaging

Solicitors in Northern Ireland may want to advise their clients to ensure that their properties are properly valued following the publication of new figures showing many homeowners do not know... Read more

Repossessions in Northern Ireland rising

Repossessions in Northern Ireland have jumped by 35 per cent in the first three months of this year, plunging more people in the province into misery, according to figures from... Read more

Homeowners urged not to fall for 'headline-grabbing rates'

People interested in buying residential property in Northern Ireland and other parts of the UK have been advised not to fall for "headline-grabbing" mortgage rates.This is because such rates appear... Read more

New HMS scheme to help homeowners avoid repossession

Ulster Bank in Northern Ireland is among lenders that are supporting a new government initiative designed to ensure homeowners keep their residences even if they lose their source of income.The... Read more

CML data shows shift from remortgaging

Remortgaging companies in Northern Ireland are likely to feel the pinch as as new figures from the Council of Mortgage Lenders (CML) indicate that remortgaging declined in February.The CML data... Read more

Mortgage backed securities should be given guarantees

The government has been urged to provide guarantees for mortgage backed securities dealing with residential mortgages in a bid to help first-time buyers in Northern Ireland and the rest of... Read more

Mortgage Intermediaries urge government to act on lending

The Intermediary Mortgages Lenders Association (IMLA) has called on the government to "put its money where its mouth is" if it expects to see any positive news on the home... Read more

Mortgage landscape 'reshaped' in 2008

Remortgaging firms in Northern Ireland and others across the UK have seen a sharp decline in mortgage lending activity in the past year, which has reshaped the mortgage landscape.This has... Read more

Rate cuts unlikely, public thinks

There is widespread speculation among experts that the Bank of England is due to drop interest rates further but many Brits are of the opinion that this is unlikely, solicitors... Read more

First-time buyers struggle with mortgage jargon

First-time buyers may find it in their interest to buy property with the help of a solicitor following revelations that many budding investors find it difficult to master mortgage-related jargon.In... Read more

Homeowners urged to consider mortgage overpayment

Solicitors in Northern Ireland may be interested to know that homeowners can protect the equity of their investments in the short term by opting for overpayment of mortgages.This is the... Read more

Homeowners urged to consider mortgage overpayment

Solicitors in Northern Ireland may be interested to know that homeowners can protect the equity of their investments in the short term by opting for overpayment of mortgages.This is the... Read more

It pays to shop around, investors advised

Solicitors in Northern Ireland may want to advise their clients to survey the market and shop around for the best mortgage deals, which can throw up a pleasant surprice, it... Read more

It pays to shop around, investors advised

Solicitors in Northern Ireland may want to advise their clients to survey the market and shop around for the best mortgage deals, which can throw up a pleasant surprice, it... Read more

Rate cut a 'double edged sword'

The flow of mortgages may be negatively affected by the Bank of England's decision to drop interest rates to 1.5 per cent, the lowest in its 300 year history, an... Read more

Rate cut a 'double edged sword'

The flow of mortgages may be negatively affected by the Bank of England's decision to drop interest rates to 1.5 per cent, the lowest in its 300 year history, an... Read more

Lenders 'not unwilling' to provide products

Mortgage lenders in Northern Ireland and other parts of the UK are not facing mortgage scarcity due to unwillingness by lenders to provide products, the Council of Mortgage Lenders (CLM)... Read more

Lenders 'not unwilling' to provide products

Mortgage lenders in Northern Ireland and other parts of the UK are not facing mortgage scarcity due to unwillingness by lenders to provide products, the Council of Mortgage Lenders (CLM)... Read more

Mortgage lending increases marginally in November

New data shows that net mortgage lending by building societies registered a marginal £9 million increase from October's £413 million but still fell way below the 2007 figure.According to the... Read more

Market recovery: Lenders and consumers hold key

The next 12 months could make or break the UK housing market and mortgage lenders and consumers hold the key to recovery, solicitors in Belfast may want to know.According to... Read more

'Challenging' mortgage market expected in 2009

People in Northern Ireland who remain in employment next year stand to benefit from lower mortgage rates, which are likely to be available, according to the Council of Mortgage Lenders... Read more

Mortgage brokers accessing better deals

New data indicates that the number of mortgage brokers unable to assist clients because of lenders offering better deals directly has decreased, solicitors in Northern Ireland may want to know.According... Read more

Lenders harming market by holding back, expert says

Mortgage lenders are harming the residential and commercial property market by being cautious despite government efforts to ensure there is money in mortgage markets, it has been claimed.Solicitors in Belfast... Read more

Repossessions and arrears continue to build up

Buy-to-let property investors in Northern Ireland may be facing a bigger problem with arrears and repossessions, according to new data from the Council of Mortgage Lenders (CML). Solicitors in Belfast... Read more

NI borrowers still out in the cold on mortgages

Borrowers in Northern Ireland are yet to benefit from moves by the Bank of England to kick start the economy by slashing the base rate in recent weeks, according to... Read more

Data shows increasing 'mortgage gap'

In news that may be of interest to solicitors in Northern Ireland, research has revealed the existence of a "worrying mortgage gap" arising from millions of interest-only mortgages.Some 45 per... Read more

Equity may be necessary for competitive mortgages

Northern Ireland homeowners about to end their current mortgage deals may find themselves having to consider equity introduction in order to secure a competitive rate, it has emerged.Despite recent government... Read more

Interest only payments could help struggling homeowners

Solicitors in Northern Ireland should advise their clients to talk to their lender "sooner rather than later" about interest only payments, if they are having any difficulty with their payments.Homeowners... Read more

Number of people taking out mortgages drops

Recent figures from the Council of Mortgage Lenders (CML) have shown that lending for home purchases has dropped by 63 per cent over the past year.In August of this year,... Read more

New law hopes to end 'studentification' of towns

A new law which is to be proposed could end the so-called "studentification" of some towns, in news that may be of interest to solicitors.The new plans are designed to... Read more

Properties drop in price in Northern Ireland

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... Read more

Lack of Hips 'breaking law'

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... Read more

Remortgaging sector 'bouyant'

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... Read more

Buyers on look out for environmental homes in Northern Ireland

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... Read more

Supply and affordability "challenges" for borrowers in Northern Ireland

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... Read more

House prices fall by 2.4% in a month

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... Read more

Plan to help Northern Ireland homeowners in danger of repossession

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... Read more

A quarter 'trapped' in their current homes

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... Read more

Mortgage approvals at record low

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... Read more

House prices falling at 1990s levels

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... Read more

Northern Ireland houses to need energy certificate

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... Read more

Weak housing market benefiting buy-to-let

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... Read more

Increased demand for five-year fixed-rate mortgage

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... Read more

Mortgage lending dealt with by Northern Ireland solicitors on the up

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... Read more

Endowment mortgage shortfall expected

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... Read more

Personal bankruptcies 'could rocket'

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... Read more

Interest rates decision 'disappointing' for homeowners

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... Read more

Interest rates kept at 5%

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... Read more

UK market may slow but 'recession unlikely'

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... Read more

House prices in Northern Ireland 'set for big drop'

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... Read more

House repossession 'can happen sooner than expected'

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... Read more

Northern Irish towns head property hotspot list

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... Read more

Further interest rate cuts 'needed'

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... Read more

Green mortgage demand 'will stagnate'

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... Read more

Longer mortgage deals forecast in Budget speech

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... Read more

Buy to let still booming

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... Read more

Mortgage holders feel 'out-of-control'

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... Read more

'No relief' for mortgage holders

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... Read more

Northern Rock 'should have been a clue'

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... Read more

Portfolios 'help with future purchases'

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... Read more

Surge in tracker mortgages

Solicitors in Belfast and Northern Ireland could see more people taking out tracker mortgages after this type of deal is growing in popularity.Although only around a quarter of homebuyers in... Read more

Younger buyers stumble on property ladder

There is every likelihood that solicitors in Belfast and Northern Ireland will see fewer young buyers embarking on the property ladder after mortgage providers are withdrawing deals.Solicitors in Belfast and... Read more

NI homes are 'equity goldmine'

People in the Northern Ireland could capitalise on the increased value of their homes using equity release, according to research Norwich Union.Figures from the firm revealed that the average house... Read more

Professionals offered more in a mortgage

While solicitors in Belfast and Northern Ireland will see many clients struggling to get onto the property ladder due to high house prices and tighter lending, solicitors themselves are favoured... Read more

Lenders 'still supporting' new buyers

After the global credit crunch has seen mortgage lenders withdrawing some of their products, experts say it may not be the case that solicitors in Belfast and Northern Ireland will... Read more

Older homeowners strike gold

Solicitors in Belfast and Northern Ireland could see older people prepared to sell up their family home in order to release a massive amount of cash.People in their 60s could... Read more

NI property to 'thrive' in 2008

Solicitors in Belfast and Northern Ireland may have worried that - given the high property prices in the province - people would stop buying homes, but experts predict a good... Read more

Mortgage payments rise by 20%

Clients of solicitors in Belfast and Northern Ireland will have seen an extra £135 on their monthly mortgage repayments, as borrowing has been shown to cost 20 per cent more... Read more

£60k saving for remortgaging

Solicitors in Belfast and Northern Ireland could see more of their clients looking to remortgage after a lender has claimed that this could cut as much as £60,000 off their... Read more

Joint mortgages offer a helping hand

Solicitors in Northern Ireland could see more people splitting their mortgage between two or more parties, as experts say this may be the only way for first-time buyers to get... Read more

Let-to-buy mortgages 'suit slowing market'

Solicitors in Belfast and Northern Ireland could see more people taking out let-to-buy mortgages, as industry experts have claimed they are useful when the housing market is slow.As property prices... Read more

Consumers to be hit by repossessions

Solicitors in Belfast and Northern Ireland could be pursuing record numbers of people for debt in the New Year after experts predict that repossessions will be on the rise.Belfast solicitors... Read more

Christmas could see increase in NI debt

Solicitors in Belfast and Northern Ireland could be forced to pursue more people for debt in the New Year after financial advisors have claimed that Christmas spending could push consumers... Read more

Property price inflation still holding in Northern Ireland

Northern Ireland has continued to see some positive property price inflation, according to a new report, although it is down significantly on past growth.Figures from the Chesterton meta-index have suggested... Read more

Double-edged sword for homebuyers

Solicitors in Belfast and throughout Northern Ireland will see both costs and benefits for new buyers next year as experts predict a 'double-edged sword' in property in the province.According to... Read more

First timers going for a fix

Solicitors in Belfast and Northern Ireland are more likely to see clients taking out longer-term fixed rate mortgages as these deals have proved "increasingly" popular in recent years.According to Mortgage... Read more

Rate cut could boost NI property

The monetary policy committee's (MPC) decision to cut interest rates by a quarter point could mean that solicitors in Northern Ireland see more clients making property purchases.If experts are to... Read more

Credit crunch squeezes lending market

Solicitors in Northern Ireland may see fewer clients who are taking out adverse credit mortgages, after lenders have tightened their lending criteria or withdrawn mortgages for those with an impaired... Read more

New bathrooms boost house prices

Solicitors carrying out conveyancing work in Northern Ireland may see a lot of new bathrooms being added to properties in the province of late, as the National Home Improvement Council... Read more

Experts urge mortgage-payers to shop around

Financial advisors have urged people in Britain and Northern Ireland to consider switching their mortgage provider, after a survey revealed that many borrowers had never reviewed their deal.A poll by... Read more

First-time buyers enjoy gap in housing market

Solicitors in Northern Ireland may see a rush of first-time buyers squeezing onto the property ladder, as estate agents claim that the market is prime for new buyers in the... Read more

NI housing market sees battles

The chaotic situation in the province's property market means that Northern Ireland's solicitors will witness an increasing number of people turning to underhand methods to secure the best deals.While during... Read more

NI economic growth means property still popular

Solicitors in Northern Ireland may see more clients than they had expected buying property in the province in spite of the market slowdown, it has been suggested.The recent dropping off... Read more

Affordable mortgage most important for buyers

The most savvy property buyers that solicitors in Northern Ireland will see will have chosen a mortgage that they can afford, as financial advisers Key Financial Consultants has said this... Read more

Self-cert borrowers 'should seek advice'

Self-employed people in Northern Ireland who want to take out a mortgage but have no proof of fixed income could benefit from a self-cert mortgage, but should always visit solicitors... Read more

NI sees 'negative' house price growth

Solicitors in Northern Ireland may finally see more first time buyers trying to get onto the property ladder as most house prices are remaining static or have dropped in the... Read more

NI mortgage lending tails off

The number of new mortgages being taken out in Northern Ireland has dropped quite dramatically the BBC reports, which points to the final cooling of the housing market. According to... Read more

Life changes fuel endowment sales

New research has shown that the most common reasons for selling an endowment policy in Northern Ireland are those which involve solicitors.According to aap, the endowment policy company, divorce settlements... Read more

Estate agents see tough times ahead

Estate agents are predicting continued difficulties in the property market in Britain and Northern Ireland, according to new research.Figures from a number of analysts have shown that property price rises... Read more

Debt likely to escalate

After the latest interest rate hike and another predicted to be on the way, mortgage-payers in Britain and Northern Ireland could face more debt judgements.Following the spate of interest rate... Read more

Lending fell by 6% in August

Solicitors may have recently seen less people who were prepared to take out a mortgage, as gross mortgage lending fell by six per cent in Britain and Northern Ireland during... Read more

Buy-to-let mortgages safe as houses

Commercial investors in buy-to-let property in Britain and Northern Ireland should not be affected by a drop in tenant numbers, despite the housing market continuing to cool, experts have said.According... Read more

Lending fell by 6% in August

Solicitors may have recently seen less people who were prepared to take out a mortgage, as gross mortgage lending fell by six per cent in Britain and Northern Ireland during... Read more

Buy-to-let mortgages safe as houses

Commercial investors in buy-to-let property in Britain and Northern Ireland should not be affected by a drop in tenant numbers, despite the housing market continuing to cool, experts have said.According... Read more

NI housing market still healthy

Experts on the property market in Northern Ireland say they are still confident in "healthy" growth in house prices and have dismissed fears that recent acceleration in prices will lead... Read more

NI housing market still healthy

Experts on the property market in Northern Ireland say they are still confident in "healthy" growth in house prices and have dismissed fears that recent acceleration in prices will lead... Read more

Rate rises push up repossessions

The number of repossessions in Britain and Northern Ireland has increased by 32 per cent since April, according to a new report.The Royal Institute of Chartered Surveyors (Rics) has revealed... Read more

Rate rises push up repossessions

The number of repossessions in Britain and Northern Ireland has increased by 32 per cent since April, according to a new report.The Royal Institute of Chartered Surveyors (Rics) has revealed... Read more

NI property market hardly cooling

Despite the fact that analysts have predicted a cooling of the property market in Northern Ireland, solicitors will know that clients are still being squeezed, and new research has now... Read more

FTBs spaced out

There is an increasing trend towards first-time buyers (FTBs) purchasing smaller properties in an attempt to get onto the property ladder, research from GE Money Home Lending and the Future... Read more

University cities bolster property prices

Property prices in university towns cities are leading the increase in inflation of Northern Ireland's housing market, with Belfast topping the table for fastest rising prices.With Belfast offering two campuses,... Read more

NI property prices break records again

House prices in Northern Ireland have again gone through the roof, with increases in the cost of buying a home in the province breaking new records.According to a housing survey... Read more

NI sees less mortgage debt

Solicitors in Northern Ireland will be seeing fewer debt recovery cases that relate to mortgage repayments, as repossessions have dropped despite over-inflated house prices in the province.According to 4NI, figures... Read more

Mortgage misery as MPC hikes rate

Thousands of mortgage holders across Britain and Northern Ireland will be facing higher repayments after the Bank of England's monetary policy committee (MPC) announced that the interest rate would rise... Read more

Rocketing property prices cripple NI incomes

With the housing boom being felt most in Northern Ireland above all other countries in Great Britain, people in the province are feeling the effects on their wallets more than... Read more

New laws allow access all areas

Prospective landlords with a commercial property in Britain or Northern Ireland will be forced to build ramps and lifts to accommodate disabled tenants under new legislation.Both new and existing landlords... Read more

NI homebuyers offered fewer mortgages

Despite the thriving housing market in Northern Ireland, where prices are still rocketing and demand is high, people in Northern Ireland have less choice when it comes to mortgages, research... Read more

Repossessions drop in spite of spiralling prices

Repossessions as a result of people defaulting on their mortgage payments have dropped in Northern Ireland during the first quarter of 2007.Although people are taking out larger value mortgages due... Read more

Mortgage approvals expected to fall

Experts have begun predicting an end to the rapid property price inflation that has been seen in several parts of the UK in recent months, including Northern Ireland.Property prices have... Read more

Bank predicts NI's high house price inflation to continue

Economic experts at the Bank of Ireland have confirmed that they expect the property market in Northern Ireland to remain strong for 2007, after prices showed a 37 per cent... Read more

Seek advice before embarking on buy-to-let

New terms on buy-to-let mortgages could catch first-time borrowers out unless sage advice is sought from solicitors, warn experts.Borrowers taking up new buy-to-let loans on properties in Britain and Northern... Read more

Further interest rate rise concerns

Mortgage repayments could suffer in the near future as it has been suggested a further rates rise could be on the cards.New figures have revealed that inflation once again surged... Read more

House prices 'show signs of cooling'

New figures have suggested that property prices in Britain and Northern Ireland are beginning to cool.Despite recent data revealing that Northern Ireland's property market continues to grow at a fast... Read more

NI property prices risen most in the last decade

Prices of properties in Northern Ireland have grown more than any another region in the UK, bar London, over the past ten years, according to a new report.Halifax estate agents'... Read more

Interest rates frozen

It has been announced that interest rates will be locked at 5.25 per cent for the second consecutive month.The decision had been widely anticipated by economists, although experts have warned... Read more

Further rate rises possible

It has been suggested that the UK could see further increases in interest rates before the property market begins to cool.Solicitors in Northern Ireland have seen a major jump in... Read more

Mortgage exit fees to be paid back

Mortgage holders are set to receive a collective £200 million from lenders across the UK for charging consumers unfair fees.The Financial Services Authority (FSA) has announced that many people have... Read more

Northern Ireland house prices rocket

Solicitors in Northern Ireland have seen massive rises in property prices over the past 12 months, according to new figures.Research carried out by the University of Ulster found that house... Read more