Housing Associations

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

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

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

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

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

Stamp duty take increased as a result of second property tax hike

By Lauren Burns The Treasury received 18 per cent more stamp duty in 2016 compared to the previous year, evidence that property investors have not been deterred by the higher rate... 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

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

Calls for action to stop bedroom tax in Northern Ireland

By Gary Adair There have been urgent calls for action to be taken to prevent the introduction of the 'bedroom tax' in Northern Ireland. The Northern Ireland Executive had previously agreed a... 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

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

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

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

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

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

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

Housing association merger comes with plans to build 2,500 homes

The largest housing association in Northern Ireland has been formed with the merger of OakleeTrinity and Ulidia Housing Associations. The newly created housing association is to be called Choice, and it... 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

House values are rising but NI sellers need to be realistic on price

By Lauren Burns The Northern Ireland property market is at something of a cross-roads as property prices and buyer interest are increasing, but a lack of houses for sale is preventing... 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

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

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

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

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

Stormont intervention needed to rescue NI construction sector

By Michelle Rock The Federation of Master Builders (FMB) say the Northern Ireland construction sector is falling behind the rest of the UK and needs Stormont to intervene. The FMB is lobbying... 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

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

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

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

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

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

Court rules father holds Strabane house on trust for daughter

By Lenore Rice A High Court judge has ruled that a father must honour a legal agreement in which he declared that he would hold his property on trust for his... 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

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

'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

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

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

Quarter of property owners deal with nuisance neighbours

By Michelle Rock A quarter of property owners in Northern Ireland and the rest of the UK have to deal with nuisance neighbours according to a new survey by Which? The research... 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

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

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

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

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

Latest NI property report confirms increase in sales

By Michelle Rock The latest Northern Ireland property market report to emerge comes from the University of Ulster, and it agrees with other reports from the past week that house sales... 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

Scrap stamp duty on houses under £500k says Conservative MPS

A group of Conservative MPs called the Free Enterprise Group are calling on the government to alter the stamp duty property tax thresholds so that it is only payable on... 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

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

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

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

First time buyer mortgages up 41 pc on last year

By Christine Farrell The number of new mortgages lent to first time buyers increased by 41 per cent in July compared to the same month in 2012, according to new figures... 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

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

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

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

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

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

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

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

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

Important Charity tax relief case win

Charities in Northern Ireland and the rest of the UK could benefit greatly from the recent tax relief case involving Buckinghamshire charity, Longridge On The Thames. In 2010 the outdoor activity... 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

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

Trustees £500k pay-off amounted to misconduct

The Office of the Scottish Charity Regulator (OSCR) has found that the trustees of Glasgow East Regeneration Agency (GERA) were guilty of misconduct when they paid out a £500,000 redundancy... 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

Belfast property owner loses NI vesting case

Joel Kerr, who was left with no property and a mortgage shortfall of £50,000 after his house was vested by the Northern Ireland Housing Executive (NIHE), has lost his attempt... Read more

Decision on Belfast vested houses case today

A decision is expected today from the Land Tribunal in respect of the case brought by the Belfast homeowners who had their properties vested by the Northern Ireland Housing Executive... 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

5 year high of first-time buyers in 2012

The number of first-time buyers entering the property market in Northern Ireland and the rest of the UK reached a five year high in 2012, according to a new report... Read more

Belfast site close to being seized by NIHE

The Northern Ireland Housing Executive (NIHE) has successfully won the first part of a court case in a bid to seize back a site of land in Belfast city centre... 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

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