Residential Property

A look at the history of the base rate of interest

A look at the history of the base rate of interest

By Lauren Burns The decision of the Monetary Policy Committee to increase the base rate of interest to 0.75 per cent has been reported in dramatic headlines - 'Only the second... Read more

64 per cent of 25-to-45 year olds expect to receive inheritance

A report by Sanlam UK suggests that 64 per cent of 25-45-year-olds in Northern Ireland and the rest of the UK expect to receive an inheritance, and just over a... Read more

Stamp duty explained

By Lauren Burns Stamp duty has always been difficult to understand, but has become even more complex in the past few years. Changes were introduced in December 2014 so that different... Read more

The 3 most popular misconceptions about the house buying process

By Lauren Burns Over our many years of doing residential property conveyancing in Northern Ireland we have found that clients regularly have the same misconceptions about the house buying process in... Read more

Northern Ireland property sales and prices expected to increase

By Lauren Burns Northern Ireland surveyors expect property sale transaction levels and property prices to increase in the coming months, according to the latest Royal Institution of Chartered Surveyors (RICS) and... Read more

Property owners affected by Japanese knotweed win damages

By Lauren Burns The Court of Appeal has found in favour of owners of two properties in South Wales affected by Japanese knotweed, in a decision that was awaited with much... Read more

Northern Ireland average property price rises to £136,211

By Lauren Burns There was a 2.1 per cent annual increase in property prices in Northern Ireland in the second quarter of this year, with the average house price rising to... Read more

Interest rates held but August increase seeming more likely

By Lauren Burns The Monetary Policy Committee (MPC) of the Bank of England voted to maintain interest rates at 0.75 per cent, but the 6-3 vote split is widely considered to... Read more

Two interest rate rises predicted for 2018

By Lauren Burns Forecasting body EY Item Club has predicted that interest rates will increase twice this year, and twice again in 2019. The governor of the Bank of England, Mark Carney... Read more

Stamp duty revenue has doubled over past 5 years

By Lauren Burns Stamp duty land tax paid on property purchases and transfers hit a record £9.5billion in 2017, a 16 per cent increase in the previous year, and double the... Read more

Average house price in Northern Ireland increased by 2 per cent

By Lauren Burns The average property price in Northern Ireland at the end of 2017 was £131,989, up 2 per cent on the previous year, but behind the rest of the... Read more

What you need to know about the new Stamp Duty changes

By Lauren Burns The stamp duty changes announced in the Chancellor's budget speech have effectively created a third rate of Stamp duty for home buyers in Northern Ireland and the rest... Read more

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

Over half of over-55s in Northern Ireland planning to downsize

By Lauren Burns New research suggests that over-55s in Northern Ireland are the most likely to downsize to a smaller property of all the regions in the UK. The research from Prudential... 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

Northern Ireland man loses bid to stop property repossession

A Northern Ireland man who had not paid his monthly mortgage payments for nearly 3 years has failed in his High Court bid to stop the bank from repossessing his... Read more

First time buyers continue to drive NI property market

The majority of the activity on the Northern Ireland property market in the first quarter of 2017 came from first time buyers, and the latest Quarterly House Price Index from... Read more

New build property starts at 5-year high in Northern Ireland

Construction of new residential properties in Northern Ireland reached a 5-year high in 2015/16, with a 12 per cent increase on the previous year. Building began on 6,713 houses last year,... 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

Government responds to Conveyancer concerns over stamp duty reform

The more popular discussions around stamp duty reform deal with who should pay it, at what rate, and whether a higher rate of tax for existing property owners should be... 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

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

Cash buyers behind continuing strength of buy-to-let market

By Lauren Burns Stamp duty land tax revenue increased in 2016 despite the new higher rate brought in to effect in April last year to dampen the buy-to-let market. In the last... 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

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

6250 mortgage borrowers to get refund following unfair rate rise

By Lauren Burns A group of 350 landlords have successfully sued their mortgage lender, West Bromwich Building Society, for raising their mortgage rates unlawfully, which means 6,000 mortgage borrowers will be... 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

Landlords and property purchasers rush to beat stamp duty change in April

By Lauren Burns Property conveyancing solicitors in Northern Ireland and the rest of the UK are facing a rush to complete purchases of properties for landlords and other second-time purchasers ahead... 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

Judge awards co-habiting partner of 18 years share of property

By Lenore Rice A judge has awarded a woman her deceased partner's share of the property they lived in together for 18 years, after it had originally passed on to his... 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

Over 5,100 property purchases in Northern Ireland in third quarter

By Lauren Burns There were over 5,100 house purchases in Northern Ireland between the months of July and September according to new figures from the NI Statistics and Research Agency. The research... 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

Northern Ireland woman latest victim of conveyancing email scam

Property purchasers in Northern Ireland are being warned by the Law Society to be vigilant when it comes to emails or phone calls in connection with a house purchase, after... 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

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

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

915 Northern Ireland purchasers used Help to Buy scheme

By Michelle Rock New figures show that 915 home buyers in Northern Ireland got their foot on the property ladder thanks to the Help to Buy scheme over the last 18... 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

Property repossessions in Northern Ireland falling slowly

There were 262 property repossessions in Northern Ireland in the first three months of 2015, down from 400 in the same period last year, but still much higher than the... 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

Tory inheritance tax plan is 'special treatment for property owners'

By Lenore Rice The Conservatives have announced that they would introduce a new zero-rate band of £175,000 on a main property involved in an estate for inheritance tax purposes. Essentially, the threshold... 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

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

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

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

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

Compensation for house buyers who weren't told of wind farm plans

By Lauren Burns A couple who bought a house in Wales have been awarded compensation after their conveyancer failed to notify them of plans to build a wind farm less than... 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

Property related businesses in NI facing financial pressure

By Neil Logan New research suggests that nearly half of the Northern Ireland businesses currently facing financial difficulties are in property-related sectors, bringing into question the so-called recovery of the residential... 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

Dispute over right of way racks up £500,000 in legal costs

By Gillian Crotty A judge at London's Appeal Court has made clear his frustration with two neighbours who have racked up legal costs of nearly £500,000 in a court dispute over... 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

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

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

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

Drop in Northern Ireland property repossessions

By Gillian Crotty There was a 14 per cent decrease in repossessions of Northern Ireland properties in the first quarter of this year compared to the same quarter in 2013. There were... 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

HMRC target Northern Ireland landlords

HMRC’s Let Property Campaign gives individual landlords in Northern Ireland and the rest of the UK who are letting out residential property in the UK or abroad the opportunity to... 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

Three jailed in Northern Ireland mortgage fraud

By Gary Adair A bank manager, estate agent and solicitor in Northern Ireland have been jailed for their involvement in a mortgage fraud and money-laundering scheme that involved millions of pounds. The... 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

Stamp duty forcing owners to sell at a loss

By Lauren Burns There have been fresh calls for an overhaul of the Stamp Duty tax system as new research suggests that 14,000 homeowners in Northern Ireland and the rest of... 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

MLA calls for stamp duty and income tax powers for NI Assembly

Basil McCrea, the leader of the NI21 party, has once again brought the devolution of tax powers to the Northern Ireland Assembly debate into the spotlight, as he says his... 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

Councils cracking down on care home fee avoidance

By Lenore Rice Councils are said to be paying more attention to the motivation behind transfers of property by older people to their grown up children before they go into care... 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

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

Divorced over 60s turn to equity release mortgages

By Lenore Rice New research suggests that a significant number of over-60s divorced and separated couples are turning to equity release mortgages in order to split up their assets. One in 10... 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

Belfast property overvalued by £2million

By Gillian Crotty The High Court has ruled that a Belfast property was overvalued by as much as £2million by an estate agent asked to confirm its worth by a lending... 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

Heir Hunter posed as solicitor to claim house

When the neighbours of a deceased pensioner confronted a woman with a locksmith changing the locks on his house she told them she was a solicitor and handed over a... 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

MPs propose Right-to-Buy house sales on eBay

A committee of MPs has proposed that council house tenants should be able to purchase their property under the "right to buy" scheme on popular online shopping sites, such as... 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

First time buyers are more optimistic

A new survey has revealed that first time buyers in Northern Ireland and the rest of the UK are slightly more optimistic about getting their foot on the property ladder. The... 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

2013 Budget tax announcements at a glance

Chancellor George Osborne has today delivered the 2013 Budget. Here are some of the key points in respect of tax: Income Tax From April 2013 the personal allowance will increase to £9,440 By... Read more

County Armagh castle sold for £1.19m

Killeavy Castle in County Armagh has been sold at auction for £1.19million, more than its guide price of just under £1million.The castle is a Grade 1 listing building, and after... Read more

Mansion tax defeated in House of Commons

The Labour party proposal of a "mansion tax" on properties in the UK worth over £2million has been defeated in the House of Commons. The proposal was criticised as being a... 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

Farmer can seek damages over land development delay

Court of Appeal judges have paved the way for a farmer to claim up to £400,000 damages against consulting engineers that delayed his housing development by 15 months, with the... 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

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

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

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

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

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

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

CML predicts increased house sales in 2013

The Council of Mortgage Lenders (CML) is predicting an increase in house sales in Northern Ireland and the rest of the UK in 2013 as a result of the government... Read more

First time buyers to save 10 yrs for a deposit

A quarter of first-time buyers say it will take them 10 years to save the money required for a deposit to complete a house purchase, according to a new report... Read more

NI house prices to continue falling in 2013

A new house price forecast by the Royal Institution of Chartered Surveyors (RICS) suggests that Northern Ireland property values will continue to go down in 2013, while the rest of... 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

NI house prices dropping at a slower rate

Property prices in Northern Ireland may be starting to fall at a slower rate according to a new report, with the average house in Northern Ireland now said to be... 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

Car parking spaces sell for over £50,000 each

While most property related headlines deal with the rise, or mostly fall, of house prices, in one resort in Cornwall, it is car parking spaces that are attracting headlines for... 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

Buying a house is bigger commitment than marriage

A couple of interesting surveys have emerged over the last weeks showing a curious relationship between property and marriage. Over 25 per cent of people in Northern Ireland and the rest... 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

Home ownership down in NI but higher than UK

The percentage of people in Northern Ireland who own a home has fallen but still remains higher than the overall UK average, according to new figures released by the Home... Read more

Government too focused on first time buyers

A House of Lords select committee has been warned that the government is focusing too much on first time buyers, and neglecting other house purchasers in attempts to stimulate the... Read more

NI most affordable region in UK to buy property

Northern Ireland is the most affordable region of the UK to buy a property with regard to the house price to earnings ratio, according to new figures from Nationwide. That has... Read more

Co-ownership gets £50million boost

The Northern Ireland Co-ownership Housing Association (NICHA) has received a £50million cash injection from the Bank of Ireland and Barclays, to help more first time buyers get on to the... Read more

NI property buyers turn to auctions for bargains

An increasing number of Northern Ireland property purchasers are turning up at auctions hoping to pick up a bargain, and many are walking away with a property deal that has... 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

End to 10 year dispute of over-repaired building

A ten year legal dispute over a derelict cottage that the council said was over-repaired has come to an end. In 1992 farmer Robert Burrough, aged 62, purchased farmland which included... Read more

First time buyers borrowing from family doubles

A report by the Yorkshire Building Society has revealed that the number of first-time buyers turning to family for help purchasing their house has more than doubled in the last... 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

1.6m would-be house buyers living with parents

Over 1.6 million would-be house purchasers aged 20-40 are having to live with their parents because they can not afford to buy a property, according to a new survey by... 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

New lending scheme expected to boost house sales

Property sales in Northern Ireland and the rest of the UK are expected to increase over the next quarter according to a survey carried out by the Royal Institution of... Read more

Labour propose two year stamp duty holiday

Shadow chancellor Ed Balls is to propose a two year stamp duty holiday for first-time buyers purchasing a property worth £250,000 or less. Mr Balls will outline the proposal at the... Read more

Lib Dems propose pension-from-property scheme

Nick Clegg has announced a Liberal Democrat proposal to introduce a 'pension-from-property' scheme which would allow parents and grandparents of first-time buyers to use a portion of their pension to... Read more

Tribunal hearing over Belfast vested houses

A land tribunal will consider the case of property owners in south Belfast whose properties were vested by the Northern Ireland Housing Executive to create space for development. Homeowners in south... Read more

Drop in mortgage deposit requirement for FTBs

The percentage deposit required to be put forward by a first-time buyer in order to get a mortgage for a house purchase has dropped below 20% according to new statistics. The... Read more

First-time buyers expect to buy at 40

A new study has revealed that first-time buyers don't expect to be in a position to purchase a property until they reach the age of 40. Approximately 600 would-be first-time buyers... Read more

Drop in pace of NI house price decline

The latest survey by the Royal Institution of Chartered Surveyors (RICS) suggests that Northern Ireland house prices are dropping at  a slower rate since April this year, and RICS suggests... Read more

Northern Ireland land valued at £75m sold for £4m

A site of land outside Ballymena, Northern Ireland, that was once valued at £75million has been sold for £4million, and to make matters worse, a £50million offer to purchase was... Read more

Purchaser of Belfast house ordered to complete

A purchaser who entered into contract to purchase a house in Malone Park, Belfast, has been told he must complete the purchase after he attempted to withdraw from the agreement. Nicholas... Read more

Labour consider permanent Mansion tax

Labour Shadow Chancellor Ed Balls has said in an interview that a future Labour government may introduce a permanent wealth tax, or mansion tax. The Liberal Democrats have previously proposed a... 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

Increase in home buyer mortgages in July

There was an increase in mortgages approved for house purchasing in the month of July, with 47,312 new mortgages granted compared to 44,124 in June. Despite the slight increase, mortgage approvals... 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

1000 NI homes sold each month last quarter

Approximately 1000 Northern Ireland houses were sold each month in the second quarter of this year according to the official Residential Property Price Index. The report is published by the Land... 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

House sellers need to be realistic on price

House sellers are being told they need to be more realistic when pricing their property if they want to secure a purchaser. The latest survey by the Royal Institution of Chartered... 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

High Court urges swift NI law reform

A High Court judge has warned of the need to expedite Northern Ireland law reform, saying the current proposals before the Assembly should not be allowed to "gather dust". Mr Justice... 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

NI new build house prices down 9 pc

New build houses in Northern Ireland dropped in value by 9 per cent over the last year according to the Northern Ireland Housing Bulletin. The average new build property sold for... Read more

Fewer remortgages and house purchases in June

There was a decline in new mortgage lending in June, with fewer first time buyers, home movers, and people wanting to remortgage to a different loan deal. The Council of Mortgage... Read more

House buyers in negative equity before moving in

Such is the extent of falling house prices in Northern Ireland, and throughout the UK, that some first time buyers are said to find themselves in negative equity before they... Read more

Northern Ireland property prices down

Northern Ireland house values are continuing to decline according to the latest survey by the Royal Institution of Chartered Surveyors (RICS). Of the surveyors in Northern Ireland responding to the survey,... Read more

NI house prices drop furthest in June

Northern Ireland property prices declined more than any other UK region in the month of June according to new figures. While the latest Nationwide quarterly report speaks of a growing gap... Read more

Drop in first time buyer mortgages in April

There were 48% fewer mortgages taken out by first-time buyers in the month of April compared to the previous month according to the latest figures from the Council of Mortgage... Read more

Over 1m young to be locked out of purchasing house

Approximately 1.5million would-be first-time buyers will be forced into private rental by 2020 according to a new study produced by the Joseph Rowntree Foundation (JRF). The study suggests that 18 to... Read more

Northern Ireland house price decline to continue

House prices in Northern Ireland will continue to fall over the next three months according to the latest Royal Institute of Chartered Surveyors and Ulster Bank housing market survey. The report... Read more

Charity warns homeowners against complacency

The Consumer Credit Counselling Service (CCCS) has warned young homeowners against falling into complacency when it comes to their ability to pay their monthly mortgage payments. The CCCS confirmed that there... Read more

Plan to build budget apartments in Belfast dropped

In September last year developer Alan Fraser announced a novel plan to build low-priced unashamedly small 'pop-up' apartments in Belfast city centre. A preview of the apartments revealed a small area... Read more

NI house prices down 11 pc since 2011

The latest University of Ulster Quarterly House Price Index shows Northern Ireland prices down 11% compared to the same time last year. There is some regional variation but the average property... Read more

Plans for Northern Ireland tenant deposit scheme

The Department of Social Development (DSD) are currently drafting legislation which would include a scheme preventing landlords from withholding tenant deposits without good cause. They hope to have the draft... Read more

Increase in new mortgages in Northern Ireland

There was an increase in new mortgages to fund house purchases in Northern Ireland in the first quarter of 2012, with first time buyers being the most active in the... Read more

Northern Ireland property values at pre-2005 levels

Nevermind Northern Ireland properties being worth a lot more during the height of the property boom in 2007, the latest Residential Property Price index shows they were even worth more... Read more

Mortgage borrowers delight at continued rate freeze

The Bank of England Monetary Policy Committee has announced that there will be no change to interest rates this month, as expected, meaning rates stay at 0.5% as they have... Read more

Northern Ireland property market sees activity

The latest survey by the Royal Institution of Chartered Surveyors (RCIS) suggests that there was a slight increase in the number of house purchases in Northern Ireland, but property values... Read more

First time buyers losing ambition to purchase

New research from MoneySupermarket.com has revealed that a large number of first time buyers are giving up on the idea of owning a property, with 41 per cent of those... Read more

Northern Bank mortgage lending increased in 2011

New figures released by Northern Bank show that there was a 39% increase in mortgage approvals in 2011 despite the largely negative portrayal of the property market and the willingness... Read more

Road adoption dispute facilitates burglary

The owner of a home in Londonderry, Northern Ireland, says burglars took advantage of poor lighting in the area to break into their home while his family was sleeping and... Read more

Belfast apartment purchasers freed from contract

Two men who entered into a contract to purchase an apartment in Belfast's James Clow building during the height of the property boom have been allowed to pull out of... Read more

Stamp duty holiday end rush boosts Feb mortgage lending

The latest data from the Council of Mortgage Lenders (CML) shows that mortgage lending increased in February across the whole of the UK by 4% compared to January, and 17%... Read more

Continued decline of Northern Ireland house prices

The latest Royal Institution of Chartered Surveyors (RICS) housing market survey shows that property prices in Northern Ireland are still falling, and are now below the half of their value... Read more

Interest rates stay at 0.5 per cent

The Bank of England has announced that there is to be no change to the UK interest rates, making it three years that the rate has been at 0.5%. It... Read more

Derry is 2nd most affordable UK city to buy a house

New research has revealed that Londonderry in Northern Ireland is the second most affordable city in the UK to purchase a house, taking into account house prices compared to salaries.... Read more

Corporate trustees exempt from 15 per cent stamp duty

The changes to Stamp Duty Land Tax (SDLT) announced in the Budget speech last week included a 15 per cent rate of tax on the purchase of properties over £2million... Read more

NI homeowners to pay Republic household charge

People who live in Northern Ireland who own properties in the Republic are being urged to pay the controversial Household Charge before the deadline passes in just a few days. The... Read more

Improved ability to buy for NI first time purchasers

New research suggests that first time property buyers in Northern Ireland have seen the most improvement in their ability to get on the property ladder of all the regions of... Read more

New rate of stamp duty for properties over £2m

Chancellor George Osborne has announced that a new 7% rate of stamp duty will be applied on the purchase of property for more than £2million. Mr Osborne also announced that a... Read more

NI house prices decline as transactions increase

A new study by the Royal Institution for Chartered Surveyors (RICS) has revealed that Northern Ireland house prices have fallen further, and are estimated to be now 65-70% less than... Read more

Purchasers race to beat end of stamp duty holiday

House purchasers throughout Northern Ireland and the rest of the UK are at an 18 month high as the end of the stamp duty holiday approaches. Since early 2010 first-time buyers... Read more

Belfast apartment buyers ask court to scrap contracts

Over 20 property purchasers who entered into contract to buy apartments in a Belfast city centre development have brought a joint action against the developer seeking to get the agreements... Read more

3 years of frozen interest rates

The announcement by the monetary policy committee (MPC) that interest rates will remain at 0.5% for another month means that they have now been frozen at the record low rate... Read more

Bargain house purchases at NI property auction

A property auction in Carryduff was packed full of prospective buyers, and just 20% of the lots failed to sell - not surprising when you read the discount house prices... Read more

No mortgage safety net for NI borrowers

Homeowners in Northern Ireland will not have the same safety net to protect them as other borrowers in the rest of the UK in the event that they face the... Read more

NI only UK region to see increase in new mortgages

New data published by the Council of Mortgage Lenders (CML) shows that Northern Ireland was the only region of the UK to see an increase in the number of new... Read more

Property market recovery vital to NI economy

Chairman of the Royal Institution of Chartered Surveyors (RICS), Michael Hannaway, has indentified the property market as one of the most important factors to getting the Northern Ireland economy back... Read more

Record low interest rates continue

The latest Bank of England Monetary Policy Committee (MPC) meeting resulted in continued good news for home owners and first time buyers, as it was announced that interest rates will... Read more

Fall in Northern Ireland property prices

According to the latest University of Ulster 'Quarterly House Price Index' house values in Northern Ireland have declined by 11% compared to this time last year, with the average property... Read more

UK repossession levels at 4 year low

The continued interest rate freeze and a willingness among Lenders to patiently deal with mortgage arrears are thought to be responsible for bringing house repossession levels in Northern Ireland and... Read more

First time buyers better off during recession

According to the Ability to Buy Index produced by the Royal Bank of Scotland, it was easier for first time buyers to purchase property during the recession in 2009 than... Read more

New borrowing shunned in favour of debt repayment

The Bank of England has confirmed that £400million of unsecured loan debt was repaid in the UK in the month of December, the time of year normally associated with excessive... Read more

NI homeowners targeted by scam 'move out' letters

Northern Ireland house owners are being advised to contact police if they receive a letter purporting to be sent by Northern Ireland health minister Edwin Poots, and asking them to... Read more

NI borrowers struggling to meet mortgage payments

A new report by the Consumer Credit Counselling Service suggests that a third of Northern Ireland borrowers who signed up to mortgages between 2005 and 2010 are now struggling to... Read more

New Northern Ireland homes drop in price

Figures released by the Department of Social Development, and based on data from the National House Building Council (NHBC), have revealed that the average sale price of newly built residential... Read more

Getting a mortgage to become harder

The Bank of England has warned that obtaining a mortgage to purchase a house could become even more difficult over the next quarter, as lenders react to the worsening economy... Read more

NI property price drop highest in UK

A new report released by Nationwide shows that property prices in Northern Ireland dropped the most in 2010 of all the regions in the UK. While the report shows an average... Read more

Mini property boom before stamp duty holiday end?

Figures released from HM Revenue and Customs (HMRC) have revealed that property sales reached their highest level in 16 months during November, with some suggesting that first time buyers are... Read more

2012 - 'Less new mortgages and more repossessions'

The Council of Mortgage Lenders (CML) has made a bleak prediction for the property market in 2012, saying that there will be fewer property sales and remortgages, and an increase... Read more

Repossessed properties sold in Belfast auction

Belfast firm Osborne King has successfully auctioned off £1.2million of commercial and residential properties repossessed by banks in Northern Ireland. Auctions are proving a particularly popular method for banks to sell... 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

NI housing market shows improvement

Results of a University of Ulster survey suggest that there has been a marginal improvement in the Northern Ireland housing market, with the number of property sales up and a... Read more

Northern Ireland first time buyers trapped by negative equity

A new report released by HSBC bank reveals that first time buyers in Northern Ireland are the worst affected by negative equity as a result of steep house value drops... Read more

Interest rates remain frozen at 0.5%

The Bank of England Monetary Policy Committee has voted to maintain the record low interest rates at 0.5% - the rate originally set back in March 2009. There is to be... Read more

Drop in new mortgage approvals in September

  The number of mortgage approvals in September dropped slightly compared to the previous month, though still remains within the six month average. The drop however does confirm that the property market... Read more

Pilot scheme to help NI first time buyers

A new scheme has been created to help Northern Ireland first time buyers get over the hurdle of saving for a deposit and on to the property ladder. Social development... Read more

New powers proposed to protect listed buildings

A new power has been proposed at a Northern Ireland heritage crime summit which would make developers responsible for the rebuilding of any listing buildings they damage or tear... Read more

Remortgages and house purchases up in August

A breakdown of the mortgage approvals for August reveals that the number of people who remortgaged their homes increased by 10%, while there was also a 6% rise in mortgages... Read more

Co-ownership give property buyers boost in October

The Northern Ireland Co-Ownership Association (NICHA) has announced important changes to its scheme in the month of October that will be welcome news for first time buyers, and second time... Read more

Micro-apartments planned for Belfast

One Northern Ireland developer thinks he may have the perfect solution for a property market that has gotten out of reach for many first time buyers. Alan Fraser of the... Read more

Northern Ireland house prices fall in August

The latest survey by the Royal Institution of Chartered Surveyors (RICS) has revealed that Northern Ireland house prices have fallen to their lowest levels since November 2010. The survey also showed... Read more

Estate agent property sales at 2 year low

The latest survey conducted by the Royal Institution of Chartered Surveyors has revealed that estate agents averaged 14 house sales each in the three months up to August. That average... Read more

Deposit criteria remain high as mortgage lending falls

New figures released by the Council of Mortgage Lenders show that first-time buyers are still having to come up with deposits averaging 20% of the purchase price in order... Read more

Negative equity could affect a third of NI homeowners

Financial outsourcer HML has warned that nearly a third of Northern Ireland homeowners could find themselves in negative equity if the property market continues to decline. They predict that... 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

First 100 per cent mortgage enters the market

A 100% mortgage is now available for the first time since the credit crunch, though first-time buyers thinking they can now purchase without having to rely on family should read... Read more

Cheaper for first-time buyers to buy than rent

New research by Halifax suggests that the monthly cost of buying a new home for first-time buyers is over £100 a month cheaper than renting a property. The findings unfortunately will... Read more

Call for government action on lack of houses

The National Federation (NHF), a body representing housing associations in England, has called on the government to act now to tackle what it describes as a "chronic under-supply of homes"... Read more

Average age of first time buyer up to 35

New research by Post Office Mortgages shows that the average age of a first time buyer in Northern Ireland and the rest of the UK has climbed to 35 years... 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

Another NI property firm in administration

Newry firm, KB developments, has joined the growing list of Northern Ireland property firms to go into administration over the last year. According to the last filed accounts of the... 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

New survey shows increase in NI house sales

The most recent University of Ulster Quarterly House Price Index shows an increase in the number of property sales in Northern Ireland, albeit as a result of a drop in... Read more

Interest rates remain at 0.5 per cent

As widely predicted, the Bank of England's Monetary Policy Committee (MPC) has voted in favour of maintaining interest rates at the record low of 0.5 per cent. Few economists are predicting... Read more

Construction halted on 5000 NI homes

As many as 5000 new homes in Northern Ireland have been left unfinished according to new figures released by the Housing Executive. The decline of the property market and the general... Read more

Property firm had £83m debt before administration

A report compiled by the administrators of the Northern Ireland property firm, the Carvill Group, reveals that the company had debts totalling £83million before it went into administration in May... Read more

70 per cent of properties listed in 2011 unsold

New research by property website Rightmove suggests that as many as 70 per cent of houses listed for sale in 2011 have still not been sold. Over-valuation by sellers is... Read more

House price decline much worse in NI

The extent of disparity in the recovery of the property market in Northern Ireland as compared to the rest of the UK was highlighted with the publication of the latest... Read more

Interest rates remain at record low

Interest rates will remain frozen at their record low of 0.5% for another month after the Bank of England's Monetary Policy Committee (MPC) meeting today. Despite continuing high inflation which... Read more

NI homeowners improving rather than moving

A new survey by the Royal Institution of Chartered Surveyors (RICS) suggests that Northern Ireland homeowners are opting to improve their property rather than sell-up and move. The report suggests... Read more

Homeowners continue to increase equity share

New statistics released by the Bank of England show that homeowners are continuing to increase their equity share in their properties by paying extra on top of their monthly mortgage... Read more

Increase in homeowners renting out a spare room

New research by Santander Mortgages has revealed that an increasing number of homeowners are helping to supplement their income by renting out a spare bedroom in their house. One in ten... Read more

MPC minutes show reduced vote for rate increase

With 27 consecutive months of an interest rate freeze by the Monetary Policy Committee (MPC), the monthly announcements have become somewhat predictable, albeit set against a murmur from a small... Read more

House repossessions increase by 17 per cent

New data published by the Financial Services Authority shows that house repossessions increased by 17% in the first quarter of 2011. It is the first time the number of repossessions... Read more

Estate agents average one house sale per week

A new report by the Royal Institution of Chartered Surveyors has revealed that estate agents in Northern Ireland and the rest of the UK are only selling on average one... Read more

UK interest rates freeze continues

The monthly UK interest rate announcement had for some months been anxiously awaited by homeowners and would-be house purchasers throughout Northern Ireland and the rest of the UK, eager to... Read more

DOE triples fines for damaging listed buildings

Under the new Planning Act (Northern Ireland) 2011, the DOE can now fine developers three times as much as before - up to £100,000, if they knock down a listed... Read more

New survey reveals first time buyer pessimism

A survey carried out by Halifax has revealed that two-thirds of first-time buyers believe they have no chance of purchasing a property because of tight lending criteria and the need... Read more

Half of rental tenants fall into arrears

New research by the National Landlord Association (NLA) has shown that 52% of landlords have received late rental payments from their tenants over the last 12 months, and expect 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

3 NI construction companies in administration

The survey published last week by the Royal Institution of Chartered Surveyors (RICS) showed that the Northern Ireland construction sector had reached a new low. That pessimistic evaluation of the... Read more

Northern Ireland construction sector in further decline

A new survey released by the Royal Institution of Chartered Surveyors (RICS) has confirmed that the construction sector in Northern Ireland has declined to a new low. The stagnant residential... Read more

NI sees large increase in mortgage debt problems

Northern Ireland charity, Housing Rights Service (HRS), has reported a 30% increase in homeowners requiring advice to deal with mortgage debt. The most recent Northern Ireland court figures also show... Read more

Northern Ireland house prices still falling

House prices in Northern Ireland are still on the way down according to the latest University of Ulster quarterly price index released today. The value of properties has dropped on average... Read more

Belfast rental rates up by 4 per cent

The private property rental rates in Belfast, Northern Ireland, have increased by 4.2% in the last year according to new figures released by letting agent Citylets. The rise means that... Read more

Property repossessions on the increase

New figures released by the Council of Mortgage Lenders (CML) reveal that the number of property repossessions in Northern Ireland and the rest of the UK increased by 15% in... 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

Northern Ireland property sales on the increase

A study by the Royal Institution of Chartered Surveyors (RICS) has revealed that there has been an increase in the number of property transactions in Northern Ireland over the last... Read more

Northern Ireland house prices drop 10.8 per cent

New figures have been released showing the changing fortunes of house prices in Northern Ireland and the rest of the UK over the 12 month period up to the end... Read more

First time buyers to save 5 years for deposit

New research by Santander Mortgages has revealed that just under a quarter (23%) of first time buyers anticipate that they will have to save for five years in order to... 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

Property buyers paying in cash have doubled

Figures released by the Council of Mortgage Lenders (CML) show that the number of property buyers funding a purchase without a mortgage has doubled since 2005. In January of this... Read more

Plans for Belfast city centre apartments submitted

Village Homes (NI) has submitted two planning applications to construct apartments in two separate areas of Belfast city centre. One application proposes a build of 75 apartments at Queen's Square,... 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

Who bought the UKs most expensive residential property?

With a reported price tag of £136million, the penthouse at One Hyde Park would be the most expensive residential property ever purchased in the UK. While rumour has been speculating for... Read more

Next generation more likely to rent property than buy

A new report by Legal & General Mortgage Club concludes that the many of the next generation are more likely to be tenants rather than property owners. The report shows how... 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

Northern Ireland house prices to decline more

A report by the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank suggests that Northern Ireland property prices will continue to decline over the next three months and possibly... Read more

Home-owners unaware of effect of interest rate increase

A survey by unbiased.co.uk has revealed that 3.5million people; 22% of all property owners, are not aware how an increase in the base rate would affect their monthly mortgage payments. While... Read more

Calls for preliminary binding property contracts

A meeting of estate agents and solicitors hosted by E-Homebuying Forum included a debate about the introduction of preliminary contracts in the house buying process in England in order to... Read more

Borrowers increasing mortgage repayments to cut debt

The last quarter of 2010 saw home-owners paying off their mortgages at a record rate according to figures released by the Bank of England, with mortgage debt being reduced by... Read more

UK interest rates remain at record low

The Bank of England Monetary Policy Committee (MPC) have decided to keep interest rates at the their record low of 0.5% for the 25th consecutive month despite mounting speculation that... Read more

Mortgage arrears to increase says Debt charity

Consumer Credit Counselling Service, a debt charity, have warned that the amount of home-owners who fall into mortgage arrears this year will increase significantly as a result of an increased... Read more

Northern Ireland property market weakest in UK

Northern Ireland continues to have the weakest property market of all the regions of the UK according to the most recent statistics compiled by Nationwide. While some areas of England were... Read more

Landlords deterred by housing benefit cuts

A significant number of private landlords have said they are being forced to stop letting properties to housing benefits tenants because of the government's new lower rates. They argue that... Read more

New stamp duty rules to improve rental market

The changes to stamp duty rules that apply when more than one property is being bought have been welcomed by landlord groups as a positive step which should help address... 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

No new MPC member votes for interest rate hike

Minutes of the March meeting of the Bank of England Monetary Policy Committee (MPC) have revealed that there was no change to the February voting dynamic of 6 votes against... Read more

Budget speech 2011 - Property

The budget speech today contained confirmation from Chancellor George Osborne that the mortgage interest scheme concessions will run on to January 2013; a one year extension to the original end... 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

Private tenancy cannabis farms on increase

Private landlords who have invested in buy-to-let properties know only too well of the difficulties when searching for good tenants. One problem that is seemingly on the increase, that landlords... Read more

Large drop in mortgages for house buyers

New data by the Council of Mortgage Lenders (CML) has revealed that there was a 29% drop in mortgages for house buyers in January compared to the previous month, and... Read more

Northern Ireland construction decline continues

The Northern Ireland Planning Service has released figures which suggest that the decline in the construction sector is continuing and may in fact have gotten worse. The number of planning applications... Read more

Interest rates remain frozen despite speculation

Despite mounting speculation that interest rates could be due to increase very soon, the Bank of England's Monetary Policy Committee  (MPC) have opted to maintain the record low rate of... Read more

Baby boomers first generation to die with large debt

A new report by Aviva has shown that one in seven of the baby boomer generation currently entering retirement will never be debt-free. They were the first generation to experience... Read more

Council house tenants install large swimming pool

A housing association has found itself in the unlikely position of having to investigate the construction of a large swimming pool at the rear of one of their properties by... Read more

Northern Ireland house prices still falling

According to the latest survey by the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank, Northern Ireland property prices are still in decline, though it is expected that there... Read more

'First time buyers will be 40 before purchasing'

A survey by Globrix.com has revealed that 38% of first-time buyers believe they will not be able to purchase a property until they reach the age of 40, and 8%... Read more

Borrower rush puts fixed-rate mortgages at a high

A rush by borrowers wanting to switch to a fixed-rate mortgage has resulted in a nine-month high for the deals. Banks have been steadily increasing rates on their fixed deals,... Read more

Taggart brothers to pay bank £8.5million

The High Court in Belfast has ruled that Michael and John Taggart, the two brothers whose house building business came apart during the recession and ensuing property crash, have been ... Read more

Audit office criticises DoE listed building protection

A new report compiled by the Audit Office heavily criticises the Northern Ireland Environment Agency's protection of listed buildings, citing poor organisation, lack of management of contractors, and no system... Read more

Third Bank of England policymaker voted for rate hike

The minutes of February's Monetary Policy Committee (MPC) meeting have revealed that Spencer Dale became the third policymaker to vote for an increase in interest rates. Andrew Sentance and Martin Weale... Read more

New NI law grants protection to caravan owners

The passing of the Caravans Bill at Stormont means that the law in Northern Ireland concerning the rights of caravan owners has now been brought into line with that of... Read more

First time buyer deposit requires year's salary

According to the Council of Mortgage Lenders (CML) first time buyers are now having to save the equivalent of more than a year's salary in order to afford a deposit... Read more

NI housing market could bottom out in 2011

Alan Bridle of the Bank of Ireland has suggested that the Northern Ireland housing market could bottom out in 2011 in the face of "further headwinds" in the next year. House... Read more

Green Party say new planning form has caused bungalow blight

MLA Brian Wilson of the Green Party has blamed a change in rural planning policy for putting a "hacienda on every hillside", with the success rate for planning applications for... Read more

Asking prices cut by 4 in 10 property sellers

According to Zoopla.co.uk, the site that markets properties for sale in Northern Ireland and the rest of the UK, almost 4 in 10 sellers have cut their asking prices at... Read more

Interest increasing among NI property purchasers

A new report by the Royal Institution of Chartered Surveyors (RICS) and Ulster Bank reveals that the number of house purchasers in Northern Ireland making enquiries and offers is on... Read more

Failed property developers serve writ on bank

Michael and John Taggart, the two brothers behind one of the biggest property companies in Northern Ireland to go into administration in the aftermath of the recession, have turned the... Read more

Purchasers encouraged to consider 'take-away' homes

First time buyers and home movers are being encouraged to consider prefabricated homes as a cheaper viable option for getting on to the property market. A new report advises that factory... Read more

Failed property company's site dropped 90% in value

County Down property company, Olympus Development and Investments, bought a nine acre development site in County Roscommon with a Bank of Ireland loan of £732,000, and the administrator has now... Read more

Failed Belfast flat purchasers to pay developer damages

Six purchasers who failed to complete transactions involving seven new Belfast apartments have been ordered to pay damages of £433,000 to Northern Ireland based developer Fernhill Properties (NI) Ltd. The developer... Read more

Lenders to explain refusal to lend to first time buyers

Mortgage lenders are to appear before government ministers next month to discuss their continued refusal to approve mortgage applications of first time buyers in Northern Ireland and the rest of... Read more

Mortgage approvals down 10% in 2010

The British Bankers' Association (BBA) has confirmed that mortgage approvals for house purchasers in Northern Ireland and the rest of the UK fell by 10% in 2010 to reach the... Read more

Controversial Belfast build backed by planners

Planners have given their backing to the building of apartments by Big Pictures Developments Ltd on a site of controversial land at Nelson Street in Belfast. The land had been designated... Read more

Worlds most expensive apartments on sale

The most expensive residential apartments in the world have gone on sale with a starting price of £6.5million for a simple one-bedroom flat, rising to £140million for one of the... Read more

Northern Ireland first time buyers still struggling

Research by Halifax has found that first time buyers in Northern Ireland face the greatest hurdle of all those in the UK trying to get on the property market. The... Read more

Northern Ireland house price decline continues

While the latest Nationwide building society house price survey contained good news for homeowners in many regions of the UK, Northern Ireland house prices were said to have had the... Read more

Apartment purchaser to pay £67k for not completing

The High Court has ordered Paul Mulgrew to pay £67,000 to developer Fernhill Properties Limited for agreeing to purchase a Belfast apartment at the height of the property boom but... Read more

Coroner calls for NIHE gas monitor installation

Coroner Brian Sherrard, speaking at the inquest for a woman who died as a result of gas poisoning, has called on the Housing Executive to consider changing its policy on... 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

First time buyer to purchase £66.5million home

Most 22-year-old first time buyers face affordability problems and hurdles getting a mortgage and putting together an adequate deposit. Petra, daughter of F1 boss Bernie Ecclestone, is not however your... Read more

Reforms to return planning control to councils

Environment minister for Northern Ireland, Edwin Poots, has released details of what he has called "the most sweeping reforms to the planning system for 30 years". The reforms include the... Read more

Mortgage approvals decreased in October

The British Bankers' Association (BBA) has released figures showing that the total number of mortgage approvals declined last month, though net mortgage lending did increase compared to the same month... Read more

Northern Ireland house prices at 5 year low

A report carried out by the University of Ulster (UU) has calculated the average house price in Northern Ireland at £148,243; a five year low for the region, with the... Read more

Homes at risk due to debts as small as £600

The office of Fair Trading (OFT) has vowed to clap down on lenders who are encouraging borrowers to pledge their homes against unsecured debts, after finding that some home-owners were... Read more

Northern Ireland construction sector decline continues

The Construction Market Survey released by the Royal Institution of Chartered Surveyors shows that construction activity in Northern Ireland experienced a substantial drop in the third quarter of this year,... Read more

Buy to let landlords warned about silent killer

Buy to let landlords have been receiving advice from the National Landlords Association (NLA) on the dangers presented by gas appliances that they supply in their rental properties. Monday saw... Read more

Buy to let landlords warned about silent killer

Buy to let landlords have been receiving advice from the National Landlords Association (NLA) on the dangers presented by gas appliances that they supply in their rental properties. Monday saw... Read more

Lenders say FSA mortgage proposals bad for borrowers

The Council of Mortgage Lenders (CML) say that the rules proposed by the financial watchdog, FSA, as part of a move to deal with irresponsible lending will in fact make... Read more

Lenders say FSA mortgage proposals bad for borrowers

The Council of Mortgage Lenders (CML) say that the rules proposed by the financial watchdog, FSA, as part of a move to deal with irresponsible lending will in fact make... Read more

Northern Ireland pays lowest average stamp duty

A report by Everest analysing Treasury data has found that Northern Ireland on average pays the lowest amount of Stamp Duty of all the regions in the UK, with an... 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

Northern Ireland house prices to fall further

Northern Ireland house prices are expected to keep falling into the start of the new year according to a survey carried out by the Royal Institution of Chartered Surveyors (RICS). House... Read more

Northern Ireland house prices to fall further

Northern Ireland house prices are expected to keep falling into the start of the new year according to a survey carried out by the Royal Institution of Chartered Surveyors (RICS). House... Read more

Property owner devastated at £1 house valuation

Businessman Paul Rooney, aged 42, purchased his end-of-terrace house for £86,000 in 2007 and has since spent £10,000 on a new kitchen and conservatory, only to have his house valued... Read more

Property owner devastated at £1 house valuation

Businessman Paul Rooney, aged 42, purchased his end-of-terrace house for £86,000 in 2007 and has since spent £10,000 on a new kitchen and conservatory, only to have his house valued... Read more

House owners predict fall in property values

Property owners in Northern Ireland and the rest of the UK are predicting a drop in property values by this time next year, and at the very least they expect... Read more

Northern Ireland rental prices increase

Demand for rental property in Northern Ireland has increased consistently over the past year, despite the fact that house prices have fallen and first-time buyer interest is as high as... Read more

Belfast Titanic apartment counter-claim launched

Property Developer John Taggart has launched a counter-claim to the action by Titanic Quarter Ltd trying to compel him to complete the purchase of a Belfast apartment. A number of... Read more

First-time buyer deposit hurdle grows higher

A report conducted by Glenworth Financial in conjunction with the Centre for Housing Policy at the University of York has looked at the "wealth barrier" preventing first-time buyers from purchasing... Read more

FSA checks delay Tesco plans to offer mortgages

Plans for Tesco's new banking arm to launch mortgages before the end of 2011 have been shelved as the Financial Services Authority (FSA) has still not granted permission. Tesco had... 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

Slight rise in Northern Ireland house prices

According to the Nationwide building society property prices in Northern Ireland rose by 1.6% over the last three months, making it the best-performing area in the UK over that period,... Read more

Landlord and private tenancy scams on the rise

The collapse of the first time buyer market created a gap that had to be filled by private tenancies and has been cynically exploited by bogus landlords. Based on figures... 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

Court upholds Belfast apartment contracts despite delay

A married couple and private company have failed in their attempt to get out of contracts to purchase apartments costing £245,000 and £216,000 in the James Clow, Granary Building complex... Read more

36 consecutive months of falling NI house prices

The latest Royal Institution of Chartered Surveyors (RICS) report suggests that Northern Ireland has seen house prices fall every month for the last 3 years. The current decline in property... 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

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

Survey highlights 'erratic and uneven' NI property market

The latest survey by the University of Ulster for the second quarter of 2010 highlights the "erratic and uneven behaviour of the current housing market" in Northern Ireland. While average... Read more

Public sector cuts make NI housing market vulnerable

Northern Ireland has been identified as being one of the UK's most vulnerable areas for a property market decline as a result of the impending public sector cuts. Simon Rubinsohn,... Read more

Court refuses to force completion of Belfast apartment contract

The High Court has ruled that Neil Rowe of Belfast cannot be forced to fulfil his obligations under a contract to purchase an apartment in the Belfast's Titanic Quarter because... Read more

1.1million trapped in homes they can't sell

A study carried out by Santander has revealed that approximately 1.1million people have been trying in vain to sell their properties since June 2009. Homeowners putting their property on the... Read more

Coleraine house prices up as UK cities profit from new students

Analysis from Lloyds TSB has revealed that cities throughout the UK are recording increases in house prices as a result of a growth of the student population there, as students... 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

Northern Ireland construction at 10 year low

Construction in Northern Ireland has fallen to its lowest level since the Royal Institution of Chartered Surveyors (RICS) began their survey 10 years ago. The latest survey shows a reported... Read more

Long absence from home could void insurance policy

An analysis of house insurance policies with top providers in the UK has revealed that leaving the property unoccupied for more than 30 days could result in the policy becoming... Read more

NICHA remove applications quota for 2 months

The Northern Ireland Co-ownership Housing Association (NICHA) has advised that it will remove its' applications quota for the months of September and October of this year. The move has been welcomed... Read more

Debt causes 1 in 3 Pensioners to dip into home equity

Research carried out on behalf of the charity Age UK has revealed that 1 in 3 retired property owners are choosing to use equity release to clear debts. The other... Read more

NI property market suffers due to fear of public spending

The Northern Ireland property market is being severely impacted by the fear among purchasers of public spending cuts according to a new survey by the Royal Institution of Chartered Surveyors... Read more

Interest rates remain at 0.5 per cent

The Bank of England have voted to maintain interest rates at 0.5% for the eighteenth consecutive month; opting once again to ignore high inflation concerns and to continue the record... Read more

Life-long rights to be removed from Council house tenants

The current Council housing system gives tenants the right to live in the property for their lifetime regardless of how their circumstances might improve, and that right can be inherited... Read more

Belfast rents increase by 4 percent

Rents in Belfast have increased on average by 4% in the second quarter of 2010 according to analysis by lettings company Citylets. It is thought that the continuing threat of... Read more

Belfast historic building at risk of demolition

A Victorian building in Belfast is the subject of a renewed bid by developers to be demolished to make way for a large retail and residential development. The developers, Carlisle Property... Read more

Mortgage refused because of a busy road

Mortgage Lenders have tightened their lending criteria so much that they are now often refusing to lend on properties that they were previously happy to use as security for a... Read more

Lack of loan products for first time borrowers

Research carried out by Thelendingwizard.com, an online consumer tool to search and apply for loans, has revealed that first time borrowers are still struggling to find mortgages as the number... Read more

Purchasers of mansion sue sellers for lack of privacy

A couple have launched a High Court battle against the previous owners of the £1.7million country mansion because of a road which they say has cost them their privacy. Nicholas and... Read more

PSNI tell Northern Ireland landlords to check tenants

The Police Service of Northern Ireland (PSNI) is advising all private landlords to carry out thorough checks on their tenants as more and more organised crime gangs use rental properties... Read more

Ex-burglars warn of Facebook/Twitter risk to your home

The first research among reformed burglars has been carried out by MORE TH>N to warn householders of the things they do that can increase their likelihood of being robbed. The ideal... Read more

Government cuts could sink construction sector

A new report by insolvency specialists Begbies Traynor has said that the number of construction companies in the UK that are experiencing financial trouble is at an historically high level,... Read more

Interest rates in UK remain at record low of 0.5%

Despite growing support for an increase to interest rates to curb inflation, the Bank of England has kept the UK interest rates at their record low of 0.5% for the... Read more

N.Ireland least confident about house price increases

A survey carried out by property website zoopla.co.uk has revealed that people in Northern Ireland are the least confident of an increase in house prices over the next six months.... Read more

Social Housing waiting lists 'breach of human rights'

The amount of people on the waiting list to receive social housing in Northern has increased since devolution, and lawyers at Queen's University in Belfast now say that the waiting... Read more

Public could be charged to view planning files

Northern Ireland Environment Minister, Edwin Poots, has said that he is considering the implementation of fees for any member of the public wishing to view planning files. Speaking to the... Read more

Northern Ireland house prices 'still falling'

A survey by Nationwide building society has revealed that house prices in Northern Ireland are still falling and that the province has the weakest property market of the whole UK. The... Read more

Landlord creates tenant blacklist to counter one-sided laws

Landlord Paul Routledge of Cadogan House Investment Properties in Weston super Mare has decided to fight back against what he describes as 'one-sided legislation against landlords'. Mr Routledge has created www.landlordreferencing.co.uk... Read more

Ex-Boyfriend gets half of house 17 years after split

The Court of Appeal has made a ruling that should sound a warning to unmarried couples who are buying a house, or who already own a house. The case involved a... Read more

Lowest proportion of first time buyers since 2007

The number of loans for first time buyers fell by 17% in April, making up the lowest proportion of total house purchasers since September 2007. The figures were revealed by the... Read more

Most private renters unlikely to buy home in next 5 years

Research carried out by the mortgage lender Kensington suggests that two-thirds of people living in rented accommodation do not believe they will be in a position to purchase a home... Read more

Housing Association apartments built without Planning Permission

A social housing scheme in Northern Ireland, funded by government money to the tune of £1million, and constructed by Helm Housing Association, has been revealed to have been built without... Read more

'Capital Gains tax hike will kill buy to let sector'

The proposals before the government to increase the Capital Gains Tax (CGT) are predicted to result in a mass sale of properties by landlords throughout Northern Ireland and the rest... Read more

Fold Housing partnership delivers jobs and houses

A partnership between Fold Housing Association, the Northern Ireland Housing Executive and The Department for Social Development has culminated in a £65million investment in social housing which is set to... Read more

New Planning policy for Northern Ireland countryside

Environment Minister for Northern Ireland, Edwin Poots, has published a new planning policy statement (PPS21) which deals with rural development in the country. The statement, which was approved by the assembly... Read more

Moderate rise in Northern Ireland house prices

The Quarterly House Price report produced by the University of Ulster, in partnership with the Bank of Ireland and the Northern Ireland Housing Executive has indicated a 4.9% rise in... Read more

Funding gap causes mortgage lending to fall

Lenders have urged the coalition Government to address the funding gap that is preventing Banks from lending as much as they would like, and which is said to be the... Read more

?38million redevelopment plan for North Belfast announced

Social Development Minister Margaret Ritchie has announced that £38million will be spent on the redevelopment of nearly 300 houses in North Belfast.276 homes in the Upper Long Street, Parkside, and... Read more

'DIY jobs gone wrong' lower house values

New research by home insurer LV= reveals that many homeowners in Northern Ireland and the rest of the UK have devalued their properties by badly carried out DIY renovations and... Read more

More house buyers could get mortgages than realise

New research by unbiased.co.uk suggests that more property buyers could obtain mortgages than currently realise. The survey results show that the public perception of the UK mortgage market is much... Read more

Buy to let landlord jailed as tenant nearly burns to death

Landlord Michael Billings has been jailed for two-and-a-half years for failing to provide the most basic protection for his tenants. A fire at one of his properties left a teenage... Read more

Ulster Bank lower rates and say they have substantial funds

After another announcement by the Bank of England confirming interest rates are to remain frozen at 0.5%, Ulster Bank, one of Northern Ireland's largest banks, has announced rate cuts on... Read more

Northern Ireland property market worst performing in UK

According to a survey from the Royal Institution of Chartered Surveyors (RICS), Northern Ireland is the worst performing region of the UK when it comes to house prices. With almost... Read more

Property market in limbo due to election

Liam Bailey, Head of Residential Research at estate agents Knight Frank, believes that the housing market is in limbo as a result of the build up to the election and... Read more

'Mortgages should be sold with a health warning'

Consumer Credit Counselling Service (CCCS), a national debt charity, has called for an overhaul in how buyers are informed about mortgages, saying they should be made to pass an exam... Read more

4.9 tenants vying for every rental property as prices go up

Lettings agent and property services group Countrywide have released figures confirming a rising demand for rental property, and a steady decrease in supply. They confirmed that they had 48,332 tenants registering... Read more

Lack of buyers causes housing market to slow

Houses going onto the market for sale at a faster pace than new house hunters are emerging meant that the housing market slowed again this month. According to property research group... Read more

Lenders warn of ?300billion hole in funding

The Council of Mortgage Lenders (CML) has sounded a new warning about the £300bn hole in funding which may stall the improvement in the property market for some years. The... Read more

Houses for sale outnumber purchaser enquiries

  The Royal Institution of Chartered Surveyors (Rics) has revealed that the number of sale properties on the market has hit its highest level since May 2007, and that there are... Read more

Target of 2,000 new homes for Northern Ireland next year

Margaret Ritchie, the Social Development Minister, has said that she is hoping to deliver 2,000 new homes to Northern Ireland over the next 12 months. She had surpassed her 1,750 target... Read more

Number of houses for sale at 20-month high

While house sales were down last month, the number of houses being put on the market for sale reached a 20-month high in February according to the latest Agency Express... Read more

Ulster Bank commits ?500million to mortgages in N.I.

Ulster Bank have confirmed that it will commit £500million to new mortgage lending in Northern Ireland over the next 12 months. The bank lent over £400million in 2009, including a... Read more

Mortgage Repossessions Bill looks set to become Law

Labour MP Brian Iddon's Mortgage Repossessions (Protection of Tenants) Bill took one step closer to becoming law today when it had a second reading at the House of Lords today... Read more

Rents increase as more 'accidental landlords' exit the market

Results from the latest FindaProperty.com Rental Index show that asking rents increased in March by 0.7% - averaging £16 per calendar month more expensive. A drop in the supply of properties... Read more

Stamp duty changes 'major victory' for campaigners

The dust is beginning to settle on the pre-election budget and the various announcements are now carefully dissected, critiqued, and talked up or down as good government or pre-election pandering.... Read more

Chancellor axes stamp duty on homes under ?250,000

Chancellor Alistair Darling aimed to please first time buyers and help re-ignite the faltering property market in his pre-election Budget today by getting rid of stamp duty on homes under... Read more

40% of young adults delay marriage because of high house prices

A YouGov survey commissioned by a housing campaign group, National Housing Federation (NHF), and involving 1,096 participants, has found that 40% of young adults say they are postponing settling down... Read more

Small increase in house sales and prices in February

According to the National Association of Estate Agents (NAEA) there was an increase in the number of properties agreed for sale in the month of February. The increase is largely thought... Read more

Buy-to-let tax break would be ?grossly unfair to first-time buyers?

A consultation paper published by the Treasury in February included plans to increase the supply of private rented housing by giving a tax break to property speculators who buy-to-rent. One... Read more

New NHBC Technical standards come into effect on 1st April

Builders in Northern Ireland should make sure they are acquainted with the new NHBC Technical Standards 2010 which will come into effect on 1st April, and will be in force... Read more

Lenders soften approach to buy-to-lets

'Let Assured' have suggested that Lenders are now taking a more favourable approach to buy-to-lets in terms of the deposits required and the loan-to-value rations of their products. Borrowers will still... Read more

Many SVR mortgage holders 'unaware of interest rate'

A number of the UK's standard variable rate (SVR) mortgage holders are not aware of the interest rate that applies to them at present, new research suggests.This may be the... Read more

Government scheme to help make houses energy efficient welcomed by landlords

The National Landlords Association (NLA) has said that private tenants and landlords would benefit greatly from the Government plans to encourage home owners to make their houses more energy efficient. The... Read more

Increased speculation on when mortgage rates will go up

Just as economists like to predict when a housing market will peak or fall, or boom, another favourite past-time is when mortgage rates will start to go up. And in... Read more

February 'saw decrease in UK house prices'

February saw a decrease in UK house prices, according to Nationwide, with the firm recording a one per cent monthly fall.The organisation believes that the four-week period witnessed an average... Read more

Energy efficiency 'may play greater role' in mortgage market

Energy efficiency might have a major impact on people's ability to gain mortgages in the future, according to one expert.People could be required to demonstrate their commitments to eco-friendly house... Read more

Housing recovery put on ice by bad weather

Bad weather is being blamed for keeping house hunters away in the month of February as house prices declined for the first time in 10 months. The latest monthly survey... Read more

Santander offers 90% mortgages to first-time buyers

In a move to stimulate the lower rung of the property market, Santander is welcoming first time buyers of new build properties through its doors for the first time since... Read more

Economic downturn 'forcing people to rent for longer'

It is inevitable that many people in the UK are having to rent for longer periods of time, due to the effects of the economic downturn.That is according to the... Read more

'Buy to Let sector becoming over-regulated'

The recent outline by Government housing minister, John Healey, of new potential measures to improve the standards of rental property has been met with concerns that the buy to let... Read more

Estate agents to move out of the shop and on to the internet

New research carried out by Movewithus has revealed that 1 in 3 estate agents want to move out of their high street shops and focus on their internet presence. Of... Read more

Buyer loses legal battle to win back apartment deposit

A buyer who entered into a contract in 2007 to purchase an apartment at 'The Bakery', on the site of the former Ormeau bakery in Belfast, has lost in his... Read more

Average estate agent 'saw rise in house sales last month'

On average, British estate agents saw a rise in the amount of homes that they managed to sell in January, according to one organisation. Last month saw six properties sold... Read more

Figures show buyers rushed to beat Stamp Duty in December

The Council of Mortgage Lenders have released figures showing that there was a clear rush by purchasers to beat the end of the stamp duty holiday in December 2009. There... Read more

'Google Real Estate' to be launched in the UK

Google is widely rumoured to be on the verge of launching its online property search market in the UK. The service, called 'Google Real Estate', has already been successfully launched... 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

NI housing market sees price reductions ease

The rate of house price reductions in Northern Ireland eased over the course of 2009, new figures have shown.University of Ulster's latest House Price Index reveals that between the beginning... Read more

PRS 'could help meet UK housing demand'

The high demand for housing in the UK could be addressed with the support of the private-rented sector (PRS), according to one political figure.It has been announced that a government-backed... Read more

Health of the housing market may have been 'overstated'

A monthly survey produced by Hometrack based on information gathered from 1,800 estate agents provides some perspective to the current confusion on the health of the property market. Just last... Read more

Demand for GB coastal properties 'will stay strong'

The large demand that exists for coastal properties across the British Isles has been emphasised by one expert.According to iammoving.com's partner relationship manager Jon Brown, it is likely that such... Read more

UK House prices rise 1.2% during January

The property market continues to recover at a faster pace than the rest of the economy with yet another month of house price increases recorded in January. The strong 1.2%... Read more

Renting 'can complement modern working life'

Renting can provide a useful solution to many people in the UK thanks to the flexibility it offers, according to one expert.People seeking properties in Northern Ireland and other areas... Read more

House build applications in Northern Ireland on the increase

The National House Building Council (HHBC) has released new figures showing an increase in applications to build new houses in Northern Ireland. They received 906 applications to build new houses... Read more

Demand for UK rental property 'has increased'

Increasing numbers of people are now looking to rent properties in the UK, research has found.Figures published by the Association of Residential Letting Agents (ARLA) have shown that as many... Read more

Mortgage lending reaching stability

A consecutive few months of good mortgage lending figures has prompted many analysts to speculate that the market is well on the road to stability. Gross mortgage lending rose by 3%... Read more

Terraced properties 'popular with many landlords'

Terraced properties are proving popular with a number of UK landlords because they can offer cost-effective options, an expert believes.According to LandlordZONE's Tom Entwistle, the kind of tenants that such... Read more

1 in 10 landlords plan to buy more houses in next 3 months

Research from Paragon Mortgages has revealed that 1 in 10 landlords advised they hope to increase their portfolio of houses in the first quarter of 2010. Terraced houses are favoured by... Read more

Cost of mortgage repayments for new properties hit 13-year low

November saw the cost of mortgage repayments of home buyers in the UK reach it's lowest in 13 years according to the Council of Mortgage Lenders (CML). On average, people... Read more

Many UK landlords 'wary of regulation'

Regulation is a concern for a number of the UK's landlords, new research suggests.According to figures published by Paragon Mortgages, as many as 58 per cent of those landlords questioned... Read more

Tall building developments 'may offer benefits to Northern Ireland'

Northern Ireland cities may benefit from an increase in tall building developments, according to one expert.The director of the Royal Institution of Chartered Surveyors (Rics) in the country Ben Collins... Read more

But to let landlords confident of strong year in 2010

58% of private landlords polled by Upad are more confident of the buy to let market in December than they were the previous month, with confidence levels expected to increase... Read more

Surveyors predict lull in house sales in Q1 of 2010

Surveyors responding to a questionnaire sent out by The Royal Institution of Chartered Surveyors (RICS) have overwhelmingly agreed that they don't expect to see an increase in house sales in... Read more

West Belfast ?25m housing scheme to get under way in March 2010

A major family housing scheme to be built on the site of the old Bass Brewery in West Belfast has been given the go ahead, with an estimated 200 jobs... Read more

Mortgage advances highest since December 2007

Mortgages advances made to house purchasers has reached a two year high, with 55,300 loans taken out in October according to the Council of Mortgage Lenders; 43% more than the... Read more

Chancellor confirms end of VAT and stamp duty breaks

The Chancellor Alistair Darling has confirmed that VAT and stamp duty will both return to normal levels on 1 January 2010, despite much lobbying from business owners and industry experts... Read more

Good news for landlords as rents expected to rise

Those landlords who have survived the difficult past two years of the rental market may soon see a reversal of fortunes according to FindaProperty.com. According to their November Rental Index, the... Read more

Google property service to be launched in Britain next year

Google is to branch out into the UK property industry according to plans outlined at a conference called Estate Agency Events last week, and a new story run by the... Read more

MPs put pressure on Government to extend stamp duty

A group of backbench Labour MPs have given their support to an Early Day Motion issued by Lindsay Hoyle on the matter of Stamp Duty, urging the Government to extend... 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

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

First-time buyers 'may benefit from winter property trends'

First-time buyers may be able to take advantage of the traditional winter lull in the UK's property market, an expert suggests.Katie Tucker, who acts as technical manager at the mortgage... Read more

NHBC confirms increase in number of new homes being built in N.I.

Statistics published by the National House Building Council (NHBC) in their quarterly booklet show that the number of registrations to build new homes in Northern Ireland and the rest of the... Read more

NHBC confirms increase in number of new homes being built in N.I.

Statistics published by the National House Building Council (NHBC) in their quarterly booklet show that the number of registrations to build new homes in Northern Ireland and the rest of the... 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

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

People 'should not be dissuaded' from home ownership

More should be done to ensure that UK residents are not dissuaded from owning their own homes, according to one organisation.Research published by the National Association of Estate Agents (NAEA)... Read more

People 'should not be dissuaded' from home ownership

More should be done to ensure that UK residents are not dissuaded from owning their own homes, according to one organisation.Research published by the National Association of Estate Agents (NAEA)... Read more

UK rental property market 'starting to stabilise'

The UK's residential rental market may be showing signs of stabilising, new research suggests.According to figures published by the Association of Residential Letting Agents (ARLA), the volume of new tenancies... Read more

UK rental property market 'starting to stabilise'

The UK's residential rental market may be showing signs of stabilising, new research suggests.According to figures published by the Association of Residential Letting Agents (ARLA), the volume of new tenancies... Read more

'Confidence rising' in residential property market

Levels of confidence in the UK's residential property market are on the rise, according to new research.Moneysupermarket.com has claimed that the proportion of customers using its service to seek out... Read more

House buyers in NI facing legal action from developers

House buyers in Northern Ireland are reportedly facing a tough choice between legal action and losing thousands of pounds on properties as developers start adopting increasingly tough measures on people... Read more

House buyers in NI facing legal action from developers

House buyers in Northern Ireland are reportedly facing a tough choice between legal action and losing thousands of pounds on properties as developers start adopting increasingly tough measures on people... Read more

Property asking and selling price gap grows

New figures have suggested that the gap between residential property asking and selling prices in Northern Ireland has increased.The UK-wide study by the National Association of Estate Agents (NAEA) found... Read more

Third of property owners 'holding firm on asking prices'

Over a third of residential property owners in the UK and Northern Ireland are not prepared to drop their asking price, new research has revealed.The study by Co-operative Bank Mortgages... Read more

House prices continue to rise

New figures from Nationwide have revealed that average residential property prices in the UK are continuing to rise.The latest findings from the building society have revealed that the value of... Read more

House prices continue to rise

New figures from Nationwide have revealed that average residential property prices in the UK are continuing to rise.The latest findings from the building society have revealed that the value of... Read more

Property sellers 'accepting of reduced valuations'

An expert has claimed that those looking to sell residential property in the UK and Northern Ireland have become more accepting of the drop in their homes' valuations. Jane Marr,... Read more

Property sellers 'accepting of reduced valuations'

An expert has claimed that those looking to sell residential property in the UK and Northern Ireland have become more accepting of the drop in their homes' valuations. Jane Marr,... Read more

Average property deposit 'reaches ?32,000'

People who are looking to climb up the first rung of the residential property ladder in the UK and Northern Ireland need to save up to £32,000 as a deposit,... Read more

Average property deposit 'reaches ?32,000'

People who are looking to climb up the first rung of the residential property ladder in the UK and Northern Ireland need to save up to £32,000 as a deposit,... Read more

Property buyers 'move closer to asking prices'

New research has revealed that residential property buyers in the UK and Northern Ireland are moving closer to meeting asking prices.According to figures from the National Association of Estate Agents... Read more

Property buyers 'move closer to asking prices'

New research has revealed that residential property buyers in the UK and Northern Ireland are moving closer to meeting asking prices.According to figures from the National Association of Estate Agents... Read more

UK house prices hit by small drop

The price of residential property in the UK and Northern Ireland fell slightly during June, according to the latest figures from Halifax.Average house prices fell by 0.5 per cent over... Read more

Belfast property deal close, developer says

A deal to buy the former Stinson Seafood property in Belfast, Northern Ireland, is close, it has been reported.Village Soup reports that developer Arthur House has almost sealed a deal... Read more

Northern Ireland house prices continue to fall

The price of property in Northern Ireland is continuing to fall at a more significant level than in any other part of the UK, it has been claimed.Nationwide's latest figures... Read more

Residential property costs 'fall'

New research has revealed that the cost of both running and owning a residential property in the UK and Northern Ireland has dropped in the past 12 months.According to the... Read more

Property asking and selling price gap 'narrowing'

The gap between residential property asking and selling prices is narrowing in the UK and Northern Ireland, according to new figures.Research by the Royal Institution of Chartered Surveyors (Rics) found... Read more

Consumers lose faith in buy-to-lets as lending drops

Investments in the buy-to-let market in Northern Ireland and the rest of the UK are going to make a loss this year, according to nearly a third of Brits who... Read more

A 'good contract' vital for those going into rental market

People in Northern Ireland and the rest of the UK contemplating renting out their properties in order to raise extra money should seek advice from an expert such as a... Read more

Good news for homeowners as house values rise in May

Property investors in Northern Ireland and the rest of the UK have received some positive news following the publication of data showing house prices rose in May by 1.2 per... Read more

Homeowners considering letting as recession continues

The recession is forcing an increasing number of homeowners into being reluctant landlords and nearly five million have considered walking down this road according to professional advice website Unbiased.co.uk.People in... Read more

Affordability increases as house values decline further

The month of April continued to bring good news to first-time buyers in Northern Ireland as house prices sustained their downward slide, according to new data from the Nationwide House... Read more

Landlords urged to protect themselves as tenants default

Residential property owners dealing with rental stock in Northern Ireland (NI) may want to discuss with their solicitors options to protect themselves in light of rising unemployment among tenants.Figures from... 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

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

Bank of England freezes interest rates

Bank of England freezes interest rates As widely expected by experts, the Bank of England has frozen interest rates at 0.5 per cent as it continues with its quantitative easing programme,... Read more

March registers property price increase

Spring brought some good news to the property market as house prices increased by 0.9 per cent in March, breaking a long cycle of decline, the Nationwide House Price Index... Read more

Mortgage arrears up 31 per cent last year

The number of mortgage accounts in arrears rose by a massive 31 per cent last year, new figures from the Financial Services Authority (FSA) show.In news that is likely to... Read more

Ulster Bank has a 'solid future', chief reassures customers

The head of the Ulster Bank has expressed his confidence that the institution has a "solid future". Coming as solicitors in Northern Ireland deal with a massive rise in cases... Read more

Affordability improves for property buyers

The latest figures show first-time buyers in Northern Ireland and the rest of the UK are increasingly having property affordability improve as prices continue to decline.Data from Nationwide indicates house... Read more

Communicating with lender can ward off repossession

Solicitors in Northern Ireland can help their clients in the rental sector avoid repossession by advising them to let their lender know about whether their properties are let.Informing a lender... Read more

Homeowners abandon properties as repossessions soar

New figures from the Council of Mortgage Lenders (CML) show that the number of properties repossessed last year hit a 12-year high as a total of 40,000 homeowners lost their... Read more

First-time buyers need support

More needs to be done to help aspiring property investors in Northern Ireland and the rest of the UK as they are crucial not only to the housing market, but... Read more

Enquiries rise but property transactions remain stagnant

Solicitors in Northern Ireland with residential property clients may be interested to hear that people are keen on buying but mortgage scarcity may be preventing them from doing so.This is... Read more

Regulation for sale and rent-back schemes introduced

Sale and rent-back schemes, which have prompted some home owners to contact their solicitors after being cheated out of their properties, are to be regulated.The government has announced that the... Read more

Aim to buy below market value, investors urged

Buying below the market value should be one of the main areas to focus on when buying property in Northern Ireland and other parts of the UK, solicitors in Belfast... Read more

How to survive the downturn

Solicitors in Northern Ireland with commercial or residential property clients who have rental stock may want to ensure the investments are in the best possible condition if they are to... Read more

First-time buyers urged to get advice

It is vital for first-time buyers in Northern Ireland to talk to experts such as a solicitor or a mortgage advisor before committing to a mortgage product, it has been... Read more

Further price correction recorded in January

New data from Nationwide Building Society shows that house prices continued to fall in January bring bad news for homeowners but good news for those interested in buying.Solicitors in Northern... Read more

Understand your market, property owners told

Commercial property investors in Northern Ireland with residential property investments will be better placed to survive the current economic downturn if they are flexible, it has been stated.Solicitors in Northern... Read more

Early 2009 a 'reasonable time' to invest in property

Country vendors are becoming more "realistic" with their property pricing, making this year ideal for investment for those who are interested in expanding their assets, it has been stated.Solicitors in... Read more

Affordability 'has greatly improved' for first-time buyers

Declining values in the property market have now made it possible for first-time buyers in Northern Ireland and other parts of the UK to get onto the property ladder, a... Read more

Be realistic about prices, investors urged

Property sellers in Northern Ireland have been advised to be more realistic about asking prices of their properties if they wish to see an increase in the number of properties... Read more

Buy-to-let investors not planning to sell

Buy-to-let investors not planning to sellNew figures have shown that property investors with residential rental stock are taking a long-term view on investment and most expect to hold their properties... Read more

Belfast still pricey despite decline

Belfast is still the most expensive part of Northern Ireland (NI) to invest in property despite a property price decline of 33 per cent since last year, figures from Nationwide... Read more

Government measures will only benefit 'a small percentage'

Property investors struggling with mortgage payment in Northern Ireland may still need the services of solicitors as the latest government measures to help them will leave many in the cold,... Read more

'Desperate' sellers on the market

Property savvy investors in Northern Ireland may want to seek the opinions of their solicitors before taking on heavily discounted properties from desperate sellers, said to be in abundance in... Read more

Homeowners in Northern Ireland overvaluing properties

Homeowners in Northern Ireland have been told to become more realistic in the asking prices they are wanting for their properties.Tom McClelland, Northern Ireland housing spokesman for the Royal Institution... Read more

'More should be done' to promote mortgage lending

The government needs to follow the lead of banks and building societies and do more to encourage greater mortgage lending, it has been argued. With the Ministry of Justice recently... Read more

Northern Ireland property market drawing interest

Figures from the Royal Institution of Chartered Surveyors (Rics) show that property investors in Northern Ireland are showing signs of returning to the market, solicitors in Belfast may be interested... Read more

Choose 'financially worthy' tenants, investors urged

Commercial property investors with buy-to-let investments in Northern Ireland should put in place a strategy to deal with expected rent arrears in coming months, it has been stated.According to David... Read more

Repossessions can create 'ghettos'

Mass repossessions by mortgage lenders have the potential to ruin pleasant neighbourhoods, solicitors in Northern Ireland with commercial and residential property clients may want to know.Speaking out against repossessions, the... Read more

Six-month grace period for struggling homeowners

In news that may be of interest to solicitors in Northern Ireland, the Royal Bank of Scotland (RBS) has taken a stand on repossessions that may bring in a new... Read more

Property prices fall 'moderately' in November

November saw property prices register a 0.4 per cent drop, bringing some good news to property investors, commercial property solicitors in Belfast may want to know.According to Nationwide Building Society,... Read more

New measures to help struggling homeowners announced

Solicitors with clients who own property in Northern Ireland may be pleased to hear that the government has announced new measures to help struggling homeowners through the downturn.In his pre-Budget... Read more

Understand the law, 'reluctant landlords' told

Northern Ireland homeowners who have been forced into being landlords due to the credit crunch should find out from their solicitors about the rules and regulations of the lettings sector,... Read more

Homeowners 'flood' letting sector

Homeowners in Northern Ireland have been turned into unlikely landlords as a result of the credit crunch, according to the Royal Institute of Chartered Surveyors (RICS).Solicitors may be interested to... Read more

Stamp duty should be abolished, NAEA says

The residential property market in Northern Ireland can be saved from further decline if the government uses its Pre-Budget Report to intervene, an association has said.Thousands of first-time buyers are... Read more

Property owner sets ingenious plan to sell home

The current instability in the property market has made a property owner near Belfast come up with an innovative way to sell his property.Alan Cooke, the owner of a two-storey... Read more

Northern Ireland house prices decline sharply

New figures have shown that house prices across all regions of the UK continued to fall in October further threatening many with negative equity.Northern Ireland, the east of England and... Read more

Do research before investing in current market

Solicitors in Northern Ireland may soon face a barrage of inquiries from clients interested in taking advantage of distressed residential property sales.This follows revelation from a property expert that the... Read more

Winter likely to throw up problems for property owners

Solicitors in Northern Ireland with commercial property developers and buy-to-let investors as their clients may want to advise their clientele to ensure all tenants are equipped with the right information... Read more

Quick sales possible in current market

Solicitors in Northern Ireland should advise their clients to keep their property prices competitive and realistic, if they wish to make a quick sell, according to an expert.Homeowners wishing to... Read more

Empty properties may attract mortgage fraudsters

Solicitors in Northern Ireland should advise their clients against leaving their properties unoccupied for long periods or they risk having them targeted by mortgage fraudsters, according to the Land Registry.The... Read more

New recommendations for rental sector

Solicitors of investors in residential property in Northern Ireland may want to know that major recommendations to improve the private rented sector have been published.The recommendations from an independent review... Read more

Mortgage crime on the rise due to ID theft

The number of mortgage crimes committed in the UK has doubled and analysts predict that as many as 60,000 properties including those in Northern Ireland may have been acquired through... Read more

Thousands falling into negative equity every month

Thousands of homeowners in Northern Ireland may find themselves in need of the services of solicitors following revelations that two million UK homeowners face repossession as negative equity creeps in.According... Read more

Amendments made to takeover deal

Changes have been made to the takeover terms in the deal between Lloyds TSB and HBOS, but the plan will still go ahead to save the crumbling HBOS.Following the bailout... Read more

Government decision gets mixed response

A decision by the government to extend its deposit guarantee scheme to include a number of foreign-owned banks which have branches in Ireland has been questioned by an expert.Now, Ulster... Read more

Housing boost welcomed

A move made by the Bank of Ireland to make private home ownership more achievable has been welcomed by social development minister in Northern Ireland Margaret Ritchie.The Co-Ownership scheme will... Read more

Irish government must amend banking plan

The Irish government have been told to amend a recently announced bank guarantee plan as it breaks European Union rules regarding state aid, reports the Irish Times.Neelie Kroes, EU competition... Read more

EU Commission to investigate government pledge

The European Commission has announced it is to investigate whether a decision by the Irish government to guarantee deposits and lending in six of Ireland's banks and building societies is... Read more

Irish government will guarantee six banks and building societies

The Irish government has said it will guarantee all deposits in Irish banks as well as all money borrowed by the banks from other financial institutions, it has been reported.Following... Read more

Buying abroad 'may prove popular'

Property investors may begin to look further afield if the housing market in Northern Ireland slows significantly, it has been suggested.The claim comes from Philip Orr of overseas property specialist... Read more

Minister urges public to speak up over proposals

Northern Ireland Finance Minister Nigel Dodds has asked members of the public to respond to government consultations on the domestic rating system, it has been reported.In news that might interest... Read more

'Lower house prices mean lower divorce rates'

A reduction in the value of properties may mean a slowing in the level of divorces taking place in Britain and Northern Ireland, according to a new survey.Savills Research found... 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

Ministers try to solve housing problems

The Northern Ireland deputy and first ministers have met with bankers to try to work out a way of making mortgages more available.Martin McGuinness and Peter Robinson met six representatives... Read more

Northern Ireland property 'more appealing'

The decrease in prices seen in property in Northern Ireland is "good news" for those wishing to move to the province, it has been reported.According to property guru Phil Spencer,... Read more

Environment minister opposes climate law

Sammy Wilson, environment minister, plans to vote against the government's draft climate change bill, according to the Belfast Telegraph.He says the changes proposed by the bill have not been thought... Read more

NI house prices down 18%

House prices in Northern Ireland have fallen by an average of 18 per cent over the last year, a Nationwide survey has shown.According to the report, while the average house... 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

Super-rich 'still hunting for NI property'

The very wealthy are still on the look-out for new large luxury homes, an architect has claimed.Des Ewing said that interest in his homes is so high that he has... 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

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

Empty property in Northern Ireland 'should be taxed'

Northern Ireland finance minister Peter Robinson has proposed that extra rates should be imposed on empty properties in the province in a bid to encourage them back into use.The government... 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

Government announces help for first-time buyers

The government has launched a scheme to help more first-time buyers to get onto the housing ladder.It intends to make it easier for people to enter into shared equity schemes.Under... Read more

Eco-homes welcomed by consumers

Homebuyers in the UK have a positive attitude towards eco-friendly home improvements, according to a new report.Eco-homes: Economically Sustainable? found that there is an optimistic attitude towards green homebuilding among... Read more

'Surprising' speed of housing downturn

The Federation of Master Builders (FMB) has claimed that the recent slump in the housing market has occurred at a surprising speed and to an unusual extent.Speaking on BBC Radio... Read more

Gloomy picture for Northern Ireland property market

The property market in the UK is the worst it has been in 30 years, according to figures released today by the Royal Institute of Chartered Surveyors (Rics).Rics has revealed... 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

Conference to consider housing issues in Northern Ireland

Housing management students from the University of Ulster are holding a conference to examine the future of the Northern Ireland property market.It will explore the issues facing housing in the... Read more

NI builders 'hardest hit' by credit crunch

Builders and tradesmen in Northern Ireland are losing more building work than their peers elsewhere in the UK, according to the Federation of Master Builders (FMB).The FMB reported that builders... Read more

Government 'working to support' mortgage holders

The government and the Council of Mortgage Lenders (CML) have announced that they are working together in order to find ways to support mortgage borrowers struggling to cope in the... Read more

'Attractive yields' still available from the buy-to-let market

Fewer buy-to-let landlords are planning to sell their properties because of "slipping back" prices and attractive rental yields, according to research by the Royal Institute of Chartered Surveyors (Rics).The study... Read more

Solicitors in Northern Ireland can advise on housing choices

Taking a long-term view is important when considering the value of assets like property, according to a property advisory service.YourPropertyClub.com, which acts for property investors, has said that a number... Read more

Huge house price rises in NI over the last ten years

The latest figures published in the Halifax House Price Index have shown that Northern Ireland has seen the biggest house price rises in the UK over the past ten years.Property... Read more

UK property 'dependent on mortgage crisis'

The fate of the housing market in the UK depends on calming the turbulence in the mortgage market, according to a property consultancy.Head of residential research at Knight Frank Liam... Read more

Property development planned for Belfast

Property solicitors in Northern Ireland could benefit from new plans for a £90 million mixed-use development in Belfast.The Lighthouse scheme is set to include 180,000 sq ft of office space,... Read more

Northern Ireland sees property market ?stabilise?

Solicitors in Northern Ireland may have seen demand for property stabilise in recent months, according to one expert.Derek Wilson, mortgage expert at Ulster Bank, said that there had been a... Read more

Growth fund set up for SMEs

One major bank is showing its confidence in Northern Ireland's small businesses by setting up a fund dedicated to providing money to promote growth. Bank of Scotland (Ireland) is to... Read more

Commuters drawn to Belfast property prospects

Solicitors and other professionals who normally commute to Belfast have been giving up their cars in favour of moving to the Northern Irish capital, it has emerged.Property experts attribute the... Read more

Northern Ireland housing plans going ahead

Plans to boost the availability of affordable and social housing in Northern Ireland remain set to go ahead, it has been asserted.Margaret Ritchie, a minister at the Northern Ireland Assembly,... Read more

Buying property among top ambitions

New research has revealed that buying a property is among the key goals for people under the age of 30 in the UK.Coming in the wake of a report by... Read more

Solicitors in NI will be more in demand as equity release 'set for growth'

The use of equity release schemes in the UK is set to increase according to Safe home income plans (Ship).A recent report from the Council of Mortgage Lenders suggested that... Read more

Property in Northern Ireland 'a buyer's market'

The National Association of Estate Agents (NAEA) has reported that now is a good time to invest in property because reduced demand is meaning lower prices for buyers.According to NAEA,... Read more

Solicitors in Northern Ireland 'should recommend house purchases'

According to a property firm, times when the housing market are uncertain are a good time.Miller Homes said that as the property market has been the best investment over the... Read more

Changes in co-ownership rules may affect solicitors in Northern Ireland

The government has announced it is set to stop the co-ownership scheme for new applicants, the Belfast Telegraph reports.Co-ownership allows first-time buyers to buy homes by part-renting and part-owning their... Read more

Seven of top ten highest house price growth towns in NI

Conveyancers in Northern Ireland are among the busiest in the UK, according to a new poll, showing that seven of the ten towns which have shown the highest house price... Read more

Budget failed first-timers, conveyancing firm says

Alistair Darling's first Budget speech neglected the first-time buyer, a conveyancing specialist has claimed.On Wednesday, the chancellor outlined plans for changes to stamp duty land tax in shared ownership products.However... Read more

NI house price growth dips

Annual house price inflation in Northern Ireland fell by more than four per cent in January, new data shows.Latest figures for the Department for Communities and Local Government (DCLG) show... Read more

Stamp duty cuts 'will not benefit everyone'

Many first time buyers in Belfast and Northern Ireland will be no better off as a result of yesterday's Budget speech, despite some changes to the way stamp duty works.Alistair... Read more

Long-term mortgages 'misjudged and misinformed'

It appears that home buyers in Belfast and Northern Ireland will continue to seek advice from their solicitors when buying a home, as new government proposals for long-term mortgages are... Read more

Buy-to-let buoyant

Solicitors in Belfast and Northern Ireland are likely to be approached for legal advice well into the future by buy to let investors as the market continues to expand.According to... Read more

CML reports mortgage lending drop

Solicitors in Belfast and Northern Ireland may notice a drop in the number of people approaching them for advice in entering the UK property market in light of new figures.... Read more

Stamp duty doubling for FTBs

Solicitors in Belfast and Northern Ireland may well see an increase in the number of first-time buyers (FTBs)seeking advice on getting onto the property ladder in the coming year as... Read more

Fraudsters target movers

While people in Belfast and Northern Ireland have enough trouble affording their new home, they could find themselves having to contact solicitors for a whole range of issues if they... Read more

'Mortgage budget' could help FTBs

Solicitors in Belfast and Northern Ireland could see more first-time buyers (FTBs) able to enter the housing market if the recommendations made by the Association of Mortgage Intermediaries (AMI) are... Read more

Fraudsters target movers

While people in Belfast and Northern Ireland have enough trouble affording their new home, they could find themselves having to contact solicitors for a whole range of issues if they... Read more

'Mortgage budget' could help FTBs

Solicitors in Belfast and Northern Ireland could see more first-time buyers (FTBs) able to enter the housing market if the recommendations made by the Association of Mortgage Intermediaries (AMI) are... Read more

Student digs 'getting posher'

The days when solicitors saw clients in Belfast and Northern Ireland sealing deals on squalid properties in order to rent them out to students could be gone, as experts say... Read more

Student digs 'getting posher'

The days when solicitors saw clients in Belfast and Northern Ireland sealing deals on squalid properties in order to rent them out to students could be gone, as experts say... Read more

Fall of 100% mortgage 'bad for FTBs'

Solicitors are even less likely to see first-time buyers (FTBs) in Belfast and Northern Ireland able to afford a mortgage now that 100 per cent-plus deals are disappearing.With house prices... 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

Fall of 100% mortgage 'bad for FTBs'

Solicitors are even less likely to see first-time buyers (FTBs) in Belfast and Northern Ireland able to afford a mortgage now that 100 per cent-plus deals are disappearing.With house prices... 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

Property owners in debt to government

Solicitors in Belfast and Northern Ireland could see the government in need of debt recovery services, after the Belfast Telegraph revealed that ratepayers in the province owe them over £140... 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

'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

Sale and rent back a 'solution to debt interest'

Solicitors could have to pursue fewer people in Belfast and Northern Ireland for debt if they take advantage of a sale and rent back scheme.Unfortunately solicitors in Belfast and Northern... 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

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

Singletons squeezed out of property market

Solicitors in Belfast and Northern Ireland are very unlikely to see singletons buying property after experts have warned that a single wage will not be enough to fund a house... Read more

Mixed opinion on housing plans

Solicitors will have listened with interest to minister Margaret Ritchie's proposals to help lower income families in Belfast and Northern Ireland get onto the property ladder, but experts have reacted... Read more

Mixed opinion on housing plans

Solicitors will have listened with interest to minister Margaret Ritchie's proposals to help lower income families in Belfast and Northern Ireland get onto the property ladder, but experts have reacted... Read more

Ritchie unveils cheap housing plan

Solicitors in Belfast and Northern Ireland could see poorer people able to progress on to the property ladder after social development minister Margaret Ritchie is set to create more affordable... Read more

Ritchie unveils cheap housing plan

Solicitors in Belfast and Northern Ireland could see poorer people able to progress on to the property ladder after social development minister Margaret Ritchie is set to create more affordable... Read more

Eco-friendly buyers retain their green

Solicitors in Belfast and Northern Ireland will see more environmentally-friendly clients accommodated after a bank in the province has launched a discounted mortgage for people who install solar power 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

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

Buy-to-let 'not pushing FTBs off property ladder'

Solicitors in Belfast and Northern Ireland should not expect to see fewer first-time buyers (FTBs) able to afford property as a result of buy-to-let investors, experts claim.According to figures from... Read more

Buy-to-let 'not pushing FTBs off property ladder'

Solicitors in Belfast and Northern Ireland should not expect to see fewer first-time buyers (FTBs) able to afford property as a result of buy-to-let investors, experts claim.According to figures from... Read more

Bridging loans 'aid quick property purchase'

If homebuyers in Belfast and Northern Ireland whose finances are stretched were to take out a bridging loan, it could mean less people being pursued by solicitors for debt.However, bridging... Read more

Negative equity warning in Northern Ireland

Solicitors in Belfast and Northern Ireland could see fewer people willing to sell up property that they bought last year as these homeowners could be facing negative equity, experts warn.People... Read more

NI property 'hit a brick wall'

Solicitors in Belfast and Northern Ireland will see clients sealing deals on property for considerably less money since the end of last year, new figures show.According to the latest University... Read more

Negative equity warning in Northern Ireland

Solicitors in Belfast and Northern Ireland could see fewer people willing to sell up property that they bought last year as these homeowners could be facing negative equity, experts warn.People... Read more

NI property 'hit a brick wall'

Solicitors in Belfast and Northern Ireland will see clients sealing deals on property for considerably less money since the end of last year, new figures show.According to the latest University... Read more

NI property 'hit a brick wall'

Solicitors in Belfast and Northern Ireland will see clients sealing deals on property for considerably less money since the end of last year, new figures show.According to the latest University... Read more

More parents helping children buy homes

With property prices still remaining high in Belfast and Northern Ireland, solicitors could see more parents putting money towards helping their children to buy their first home.However, solicitors in Belfast... Read more

More parents helping children buy homes

With property prices still remaining high in Belfast and Northern Ireland, solicitors could see more parents putting money towards helping their children to buy their first home.However, solicitors in Belfast... Read more

More parents helping children buy homes

With property prices still remaining high in Belfast and Northern Ireland, solicitors could see more parents putting money towards helping their children to buy their first home.However, solicitors in Belfast... Read more

Buyers returning to NI market

Declining house prices could be encouraging buyers in Northern Ireland back into the property market, after new figures indicated further falls.A survey from the Royal Institution of Chartered Surveyors (Rics)... Read more

Landlords 'still confident'

Despite the rising house prices in Belfast and Northern Ireland, solicitors in the province are more likely to see landlords buying additional property than they are to see investors selling... Read more

Landlords 'still confident'

Despite the rising house prices in Belfast and Northern Ireland, solicitors in the province are more likely to see landlords buying additional property than they are to see investors selling... Read more

Landlords 'still confident'

Despite the rising house prices in Belfast and Northern Ireland, solicitors in the province are more likely to see landlords buying additional property than they are to see investors selling... Read more

First-borns 'more likely' to be helped onto property ladder

Parents in Belfast and Northern Ireland are more likely to visit their solicitors with their first-born child to help them seal a deal on a property than with children born... 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

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

First-borns 'more likely' to be helped onto property ladder

Parents in Belfast and Northern Ireland are more likely to visit their solicitors with their first-born child to help them seal a deal on a property than with children born... 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

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

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

Landlords 'put off selling by logistics'

Solicitors in Belfast and Northern Ireland are unlikely to see landlords selling their property despite a slowdown in the housing market, experts have claimed.According to PropertyHawk website, solicitors in Belfast... Read more

Landlords 'put off selling by logistics'

Solicitors in Belfast and Northern Ireland are unlikely to see landlords selling their property despite a slowdown in the housing market, experts have claimed.According to PropertyHawk website, solicitors in Belfast... 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

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

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

Student debt 'won't restrict FTBs'

Solicitors in Belfast and Northern Ireland are unlikely to see any drop in the number of students purchasing property, after experts have reassured graduates that owing universities money will not... Read more

Student debt 'won't restrict FTBs'

Solicitors in Belfast and Northern Ireland are unlikely to see any drop in the number of students purchasing property, after experts have reassured graduates that owing universities money will not... Read more

Student debt 'won't restrict FTBs'

Solicitors in Belfast and Northern Ireland are unlikely to see any drop in the number of students purchasing property, after experts have reassured graduates that owing universities money will not... Read more

Student debt 'won't restrict FTBs'

Solicitors in Belfast and Northern Ireland are unlikely to see any drop in the number of students purchasing property, after experts have reassured graduates that owing universities money will not... Read more

New tax for holiday homes?

Solicitors in Northern Ireland could have to deal with a new form of tax, after it has been suggested that a levy should now be placed on holiday homes.According to... Read more

New tax for holiday homes?

Solicitors in Northern Ireland could have to deal with a new form of tax, after it has been suggested that a levy should now be placed on holiday homes.According to... Read more

New tax for holiday homes?

Solicitors in Northern Ireland could have to deal with a new form of tax, after it has been suggested that a levy should now be placed on holiday homes.According to... Read more

Belfast is 'extremely unaffordable'

Although solicitors in Northern Ireland will know that house prices in the province are going through the roof, Belfast has been shown to be one of the most expensive places... Read more

Belfast is 'extremely unaffordable'

Although solicitors in Northern Ireland will know that house prices in the province are going through the roof, Belfast has been shown to be one of the most expensive places... Read more

Belfast is 'extremely unaffordable'

Although solicitors in Northern Ireland will know that house prices in the province are going through the roof, Belfast has been shown to be one of the most expensive places... Read more

'No panic' over commercial property slump

Accountants and solicitors in Belfast and Northern Ireland may have seen investors in commercial property funds trying to withdraw their money, but experts warn against panic selling.While solicitors in Belfast... Read more

More homes for first-time buyers

Solicitors in Belfast and Northern Ireland should see more first-time buyers come through their doors after extra money has been made available to build affordable homes.However solicitors are likely to... Read more

More homes for first-time buyers

Solicitors in Belfast and Northern Ireland should see more first-time buyers come through their doors after extra money has been made available to build affordable homes.However solicitors are likely to... Read more

More homes for first-time buyers

Solicitors in Belfast and Northern Ireland should see more first-time buyers come through their doors after extra money has been made available to build affordable homes.However solicitors are likely to... Read more

£8m estate up for sale

Solicitors in Northern Ireland will have to wait to find out who the buyers of an historic Ulster estate are, as it goes up for sale this week - but... Read more

£8m estate up for sale

Solicitors in Northern Ireland will have to wait to find out who the buyers of an historic Ulster estate are, as it goes up for sale this week - but... Read more

December saw house price drop

Solicitors in Belfast and Northern Ireland saw a drop in house prices in December, with most properties falling in value by up to five per cent.According to the Royal Institution... Read more

December saw house price drop

Solicitors in Belfast and Northern Ireland saw a drop in house prices in December, with most properties falling in value by up to five per cent.According to the Royal Institution... Read more

Housing market to be revived?

Although solicitors will have noticed that house prices in Belfast and Northern Ireland are cooling to a degree almost as dramatic as the rocketing rates seen at the peak of... Read more

Housing market to be revived?

Although solicitors will have noticed that house prices in Belfast and Northern Ireland are cooling to a degree almost as dramatic as the rocketing rates seen at the peak of... Read more

Overseas property investors 'need solicitors'

People from Belfast and Northern Ireland who are planning on buying a property overseas must contact their solicitors as soon as possible, experts have said.According to www.carolvordermanoverseashomes.com, as soon as... Read more

Overseas property investors 'need solicitors'

People from Belfast and Northern Ireland who are planning on buying a property overseas must contact their solicitors as soon as possible, experts have said.According to www.carolvordermanoverseashomes.com, as soon as... Read more

Solicitors 'essential' for co-buyers

With property prices in Belfast and Northern Ireland remaining high, many people may be tempted to buy a house with other people, but this should be entered into with caution... Read more

Solicitors 'essential' for co-buyers

With property prices in Belfast and Northern Ireland remaining high, many people may be tempted to buy a house with other people, but this should be entered into with caution... 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

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

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

IHT planning 'should start early'

Inheritance Tax (IHT) need not be a burden and though it is advisable to start planning early, it is never too late to begin, financial advisers have said.For homeowners in... 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

NI house prices face 4% fall

Solicitors in Belfast and Northern Ireland are likely to see more people buying property this year, after experts predicted that house prices would fall by four per cent.Potential buyers in... Read more

NI house prices face 4% fall

Solicitors in Belfast and Northern Ireland are likely to see more people buying property this year, after experts predicted that house prices would fall by four per cent.Potential buyers in... Read more

Stability the hallmark of New Year property

Solicitors in Northern Ireland will be likely to see more first-time buyers as well as commercial property investors securing their dream deal, as experts claim that prices in 2008's market... Read more

Good year for new buyers

Solicitors should see more new buyers sealing a deal on property in Belfast and Northern Ireland after experts predict 2008 will open up the housing market.First-time buyers in Belfast and... Read more

Good year for new buyers

Solicitors should see more new buyers sealing a deal on property in Belfast and Northern Ireland after experts predict 2008 will open up the housing market.First-time buyers in Belfast and... 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

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

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

Rent 'may be the only option'

Solicitors in Belfast and Northern Ireland are unlikely to see too many first-time buyers wanting to seal a property deal next year, as experts claim that renting may be the... 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

Four-fifths of NI houses drop in price

Belfast and Northern Ireland solicitors could see more first-time buyers in their offices in the New Year after property prices in the province have fallen.Despite solicitors in Belfast and Northern... Read more

Four-fifths of NI houses drop in price

Belfast and Northern Ireland solicitors could see more first-time buyers in their offices in the New Year after property prices in the province have fallen.Despite solicitors in Belfast and Northern... Read more

Belfast professionals attract landlords

Solicitors in Belfast and Northern Ireland may be surprised to note a drop off in young professionals buying homes as the state of the housing market forces many to rent.While... Read more

Belfast's Victoria Square a sellout

Belfast solicitors will face a glut of clients looking for conveyancing work on luxury apartments after the first round of opulent flats at the new Victoria Square development sold out... Read more

Belfast professionals attract landlords

Solicitors in Belfast and Northern Ireland may be surprised to note a drop off in young professionals buying homes as the state of the housing market forces many to rent.While... Read more

Buy-to-let 'could still be worth it'

Northern Ireland solicitors may not see a drop-off in buy-to-let investors, after experts have claimed there is still a market despite the housing market conditions.Indeed Belfast and Northern Ireland solicitors... Read more

Young consumers 'risk financial suicide'

Solicitors in Belfast and Northern Ireland could be forced to pursue young borrowers for debt after a report revealed that young people rely a lot on credit.Researchers found that young... Read more

Buy-to-let 'could still be worth it'

Northern Ireland solicitors may not see a drop-off in buy-to-let investors, after experts have claimed there is still a market despite the housing market conditions.Indeed Belfast and Northern Ireland solicitors... 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

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

Builders cosy up to homebuyers

Solicitors in Northern Ireland could see many clients claiming to have found the ideal home, after housing developers desperate to get sales design properties with the buyer firmly in mind.... 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

Builders cosy up to homebuyers

Solicitors in Northern Ireland could see many clients claiming to have found the ideal home, after housing developers desperate to get sales design properties with the buyer firmly in mind.... Read more

Ditching 11-plus could boost NI property

Solicitors in Northern Ireland could see clients battling for property close to local schools, thanks to the education minister's announcement that 11-plus tests will be scrapped.The government's decision could bolster... Read more

Ditching 11-plus could boost NI property

Solicitors in Northern Ireland could see clients battling for property close to local schools, thanks to the education minister's announcement that 11-plus tests will be scrapped.The government's decision could bolster... Read more

Commercial mortgage 'not only option'

Small businesses buying a commercial property in Northern Ireland should visit their solicitors for advice on funding, as a commercial mortgage is not the only answer, experts have claimed.Northern Ireland... Read more

'Best time' to buy a house in NI

Solicitors in Northern Ireland could see a flood of people looking to seal a deal on their dream home after an estate agent has claimed there has never been a... Read more

Housing slowdown 'not helping' FTBs

Although a slowdown in the property market will provide "some opportunities" for buyers, solicitors in Northern Ireland are unlikely to see first-time buyers (FTBs) benefiting, according to experts.Although the choice... Read more

'Best time' to buy a house in NI

Solicitors in Northern Ireland could see a flood of people looking to seal a deal on their dream home after an estate agent has claimed there has never been a... Read more

Housing slowdown 'not helping' FTBs

Although a slowdown in the property market will provide "some opportunities" for buyers, solicitors in Northern Ireland are unlikely to see first-time buyers (FTBs) benefiting, according to experts.Although the choice... Read more

Housing slowdown 'not helping' FTBs

Although a slowdown in the property market will provide "some opportunities" for buyers, solicitors in Northern Ireland are unlikely to see first-time buyers (FTBs) benefiting, according to experts.Although the choice... Read more

Lenders seek rate cut

Lenders in Britain and Northern Ireland are calling on the Bank of England's monetary policy committee (MPC) to introduce a cut in interest rates. Solicitors in Northern Ireland have seen... Read more

Lenders seek rate cut

Lenders in Britain and Northern Ireland are calling on the Bank of England's monetary policy committee (MPC) to introduce a cut in interest rates. Solicitors in Northern Ireland have seen... Read more

Lenders seek rate cut

Lenders in Britain and Northern Ireland are calling on the Bank of England's monetary policy committee (MPC) to introduce a cut in interest rates. Solicitors in Northern Ireland have seen... Read more

Share-to-buy 'a lifeline' for divorcees

Solicitors in Northern Ireland who help in divorce cases may see the same clients returning for share-to-buy house purchases, as the trend increases among those who would otherwise struggle to... Read more

FTBs pushed out of Belfast

Solicitors in Northern Ireland may be dealing with clients moving into houses they don't really want to, if analysis is to be believed.The unaffordable property prices in Belfast may see... Read more

Share-to-buy 'a lifeline' for divorcees

Solicitors in Northern Ireland who help in divorce cases may see the same clients returning for share-to-buy house purchases, as the trend increases among those who would otherwise struggle to... Read more

NI to improve social housing

Solicitors in Belfast could see more people on lower incomes able to get onto the property ladder in Northern Ireland if the Assembly's ministers learn lessons on social housing from... Read more

South Belfast 'saturated' with HMOs

Solicitors dealing with house purchasers in south Belfast are more likely to be dealing with commercial landlords than people buying to get onto the property ladder after it has been... Read more

NI to improve social housing

Solicitors in Belfast could see more people on lower incomes able to get onto the property ladder in Northern Ireland if the Assembly's ministers learn lessons on social housing from... Read more

South Belfast 'saturated' with HMOs

Solicitors dealing with house purchasers in south Belfast are more likely to be dealing with commercial landlords than people buying to get onto the property ladder after it has been... Read more

NI house prices 'still out of reach'

Key workers in Northern Ireland are still unable to get a foothold on the property ladder because prices are so high, an expert has claimed.The News Letter reports that there... 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

Belfast development wins award

Solicitors in Belfast may find the happiest homebuyers in the city in those who have invested in Malone Square.Northern Ireland development and construction firm, the McGinnis Group, has won the... 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

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

Belfast development wins award

Solicitors in Belfast may find the happiest homebuyers in the city in those who have invested in Malone Square.Northern Ireland development and construction firm, the McGinnis Group, has won the... 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

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

Buy-to-let 'not as doomed' as thought

Northern Ireland solicitors who worried that landlords would be put off purchasing property due to some analysts predicting a gloomy future for the buy-to-let market may have their fears allayed... Read more

New buyers 'should do homework'

Despite the current slowdown in the province's housing market, first-time buyers are advised to do their homework, such as consulting solicitors in Northern Ireland, experts have advised.Solicitors can direct advice... Read more

New buyers 'should do homework'

Despite the current slowdown in the province's housing market, first-time buyers are advised to do their homework, such as consulting solicitors in Northern Ireland, experts have advised.Solicitors can direct advice... Read more

Investors 'should consider' foreign property

Solicitors in Northern Ireland may see a fall in the number of people looking to buy property in the province after advisors have said investors may increasingly look abroad.Due to... Read more

NI property prices top quarter of a million

Solicitors in Northern Ireland will find the price of an average property in the province stands at more than a quarter of a million pounds, although prices have been slowing.After... Read more

Investors 'should consider' foreign property

Solicitors in Northern Ireland may see a fall in the number of people looking to buy property in the province after advisors have said investors may increasingly look abroad.Due to... Read more

NI property prices top quarter of a million

Solicitors in Northern Ireland will find the price of an average property in the province stands at more than a quarter of a million pounds, although prices have been slowing.After... 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

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

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

Obel offers homebuyers the high life

Solicitors in Belfast will be seeing new buyers considering a purchase in one of the city's highest buildings, as 64 new apartments become available at the Obel Tower.The Belfast Telegraph... Read more

Obel offers homebuyers the high life

Solicitors in Belfast will be seeing new buyers considering a purchase in one of the city's highest buildings, as 64 new apartments become available at the Obel Tower.The Belfast Telegraph... Read more

Bank holds base rate

The Bank of England has kept interest rates on hold for the fourth month in a row on Thursday.The bank's monetary policy committee (MPC) voted to keep the base rate... Read more

Buy-to-let 'preserve of the rich'

The buy-to-let market in Britain and Northern Ireland is increasingly becoming the preserve of the rich as property prices put them out of the reach of most people, it has... Read more

NI property 'to slow'

Solicitors in Northern Ireland might notice a reduction in the number of people coming through their doors looking for properties as the property market is expected to see a slowdown.Research... Read more

Belfast highlighted as a city on the rise

Belfast in Northern Ireland has been highlighted as one of the main boom areas for property in recent times.Solicitors in Belfast have seen rapid rises in house prices over recent... Read more

Northern Ireland boosted by regeneration

Solicitors in Northern Ireland have seen a major increase in property sales over recent years and one of the main reasons for this has been the regeneration of the region,... Read more

Northern Ireland property prices boom

Northern Ireland solicitors have been busy dealing with the paperwork for sales of properties in Armagh with new figures showing prices have increased there by 188 per cent over the... 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

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

NI still set to outperform UK on property

House prices in Northern Ireland are expected to do better than those in the rest of the country over the months ahead, according to Knight Frank.The estate agent has forecast... 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

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

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

Curtailing of mortgages 'won't affect house prices'

Despite the fact that a number of lenders have withdrawn mortgage products from the market, solicitors in Northern Ireland are unlikely to find that their clients report any change in... Read more

Curtailing of mortgages 'won't affect house prices'

Despite the fact that a number of lenders have withdrawn mortgage products from the market, solicitors in Northern Ireland are unlikely to find that their clients report any change in... Read more

Curtailing of mortgages 'won't affect house prices'

Despite the fact that a number of lenders have withdrawn mortgage products from the market, solicitors in Northern Ireland are unlikely to find that their clients report any change in... Read more

Huge interest in Titanic flats

While Belfast solicitors may have seen a reduced number of clients looking to seal a deal on a property in the city, due to affordability pressures, a new complex has... Read more

Huge interest in Titanic flats

While Belfast solicitors may have seen a reduced number of clients looking to seal a deal on a property in the city, due to affordability pressures, a new complex has... Read more

Co-buying a solution to the first rung?

Solicitors in Northern Ireland may see an increasing number of strange alliances coming to them for conveyancing services, as co-buying becomes a more popular method for single first-time buyers to... Read more

Co-buying a solution to the first rung?

Solicitors in Northern Ireland may see an increasing number of strange alliances coming to them for conveyancing services, as co-buying becomes a more popular method for single first-time buyers to... Read more

Co-buying a solution to the first rung?

Solicitors in Northern Ireland may see an increasing number of strange alliances coming to them for conveyancing services, as co-buying becomes a more popular method for single first-time buyers to... Read more

NI property prices leapfrog UK

Solicitors in Northern Ireland may have noticed over the past year that the number of first-time buyers wanting conveyancing services may have dropped off as property prices in the province... Read more

NI property prices leapfrog UK

Solicitors in Northern Ireland may have noticed over the past year that the number of first-time buyers wanting conveyancing services may have dropped off as property prices in the province... 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

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

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

Buy-to-let investors 'must be mad'

Solicitors in Northern Ireland could see fewer buy-to-let investors, unless they are very wealthy, as the interest rate precludes landlords making a decent profit, experts warn.According to Firstrung, landlords in... Read more

Property developer tempts buyers with free car

Solicitors in Northern Ireland will have noticed a big drop in the number of people buying property in the province, and it appears that property developers are feeling the squeeze... Read more

Property developer tempts buyers with free car

Solicitors in Northern Ireland will have noticed a big drop in the number of people buying property in the province, and it appears that property developers are feeling the squeeze... Read more

Property developer tempts buyers with free car

Solicitors in Northern Ireland will have noticed a big drop in the number of people buying property in the province, and it appears that property developers are feeling the squeeze... 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 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

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

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

Darling pledges inheritance tax cut

Chancellor Alistair Darling has announced that inheritance tax will be cut in his first pre-Budget Report.Solicitors in Northern Ireland may see more clients looking to buy houses as the inheritance... Read more

Darling pledges inheritance tax cut

Chancellor Alistair Darling has announced that inheritance tax will be cut in his first pre-Budget Report.Solicitors in Northern Ireland may see more clients looking to buy houses as the inheritance... 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

MPC 'made interest rate mistake'

Financial experts have said that the monetary policy committee (MPC) probably made a mistake in making their last decision on interest rates and are now predicting a housing market crash.Capital... 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

MPC 'made interest rate mistake'

Financial experts have said that the monetary policy committee (MPC) probably made a mistake in making their last decision on interest rates and are now predicting a housing market crash.Capital... 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

MPC 'made interest rate mistake'

Financial experts have said that the monetary policy committee (MPC) probably made a mistake in making their last decision on interest rates and are now predicting a housing market crash.Capital... Read more

Northern Ireland property prices 'remain buoyant'

New figures have shown that property prices in Northern Ireland, including Belfast, have remained strong over recent months.As the property industry across Great Britain and Northern Ireland shows signs of... Read more

Northern Ireland property prices 'remain buoyant'

New figures have shown that property prices in Northern Ireland, including Belfast, have remained strong over recent months.As the property industry across Great Britain and Northern Ireland shows signs of... Read more

Record-breaking rent good news for landlords

Solicitors in Northern Ireland are likely to see more landlords needing legal advice on commercial property as spiralling house prices in the province have forced more people to rent.Belfast solicitors... Read more

Record-breaking rent good news for landlords

Solicitors in Northern Ireland are likely to see more landlords needing legal advice on commercial property as spiralling house prices in the province have forced more people to rent.Belfast solicitors... Read more

Record-breaking rent good news for landlords

Solicitors in Northern Ireland are likely to see more landlords needing legal advice on commercial property as spiralling house prices in the province have forced more people to rent.Belfast solicitors... Read more

Stamp duty doubles in Northern Ireland

Latest statistics show that the amount of stamp duty paid by homebuyers has more than doubled over the past year in the province, meaning that Northern Ireland solicitors are likely... Read more

Stamp duty doubles in Northern Ireland

Latest statistics show that the amount of stamp duty paid by homebuyers has more than doubled over the past year in the province, meaning that Northern Ireland solicitors are likely... Read more

Rates rebate urged by charities

Environmental charities in Northern Ireland have called on the government to introduce rates rebates for homes which produce less carbon dioxide. According to the Belfast Telegraph, the WWF is appealing... Read more

Rates rebate urged by charities

Environmental charities in Northern Ireland have called on the government to introduce rates rebates for homes which produce less carbon dioxide. According to the Belfast Telegraph, the WWF is appealing... Read more

Property developers lend buyers a hand

Commercial property developers in Northern Ireland have offered to pay stamp duty and mortgage costs for first-time buyers, as an attempt to get them onto the property ladder.According to the... Read more

Property developers lend buyers a hand

Commercial property developers in Northern Ireland have offered to pay stamp duty and mortgage costs for first-time buyers, as an attempt to get them onto the property ladder.According to the... Read more

Property developers lend buyers a hand

Commercial property developers in Northern Ireland have offered to pay stamp duty and mortgage costs for first-time buyers, as an attempt to get them onto the property ladder.According to the... Read more

Property price stagnation predicted

Solicitors in Northern Ireland may be seeing a few more first-time buyers for conveyancing services, as experts predict that prices in the housing market are likely to stagnate over the... Read more

Property price stagnation predicted

Solicitors in Northern Ireland may be seeing a few more first-time buyers for conveyancing services, as experts predict that prices in the housing market are likely to stagnate over the... Read more

Property price stagnation predicted

Solicitors in Northern Ireland may be seeing a few more first-time buyers for conveyancing services, as experts predict that prices in the housing market are likely to stagnate over the... Read more

Buy-to-let gaining strength

Given the fact that property prices in Northern Ireland have continued to remain high, solicitors are more likely to see commercial property investors than new buyers for conveyancing services.According to... Read more

Buy-to-let gaining strength

Given the fact that property prices in Northern Ireland have continued to remain high, solicitors are more likely to see commercial property investors than new buyers for conveyancing services.According to... 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

Buy-to-let gaining strength

Given the fact that property prices in Northern Ireland have continued to remain high, solicitors are more likely to see commercial property investors than new buyers for conveyancing services.According to... 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

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

One in 10 victims of gazumping

One in ten home-buyers in Britain and Northern Ireland have visited solicitors to carry out surveys, only to find that another buyer gazumps them.According to research by Fool.co.uk, one in... Read more

One in 10 victims of gazumping

One in ten home-buyers in Britain and Northern Ireland have visited solicitors to carry out surveys, only to find that another buyer gazumps them.According to research by Fool.co.uk, one in... Read more

Housing boom 'set to end'

The housing boom that has been enjoyed in Britain and Northern Ireland looks set to come to an end, one of the world's most respected economists has predicted.Alan Greenspan, former... Read more

NI property prices drop

Solicitors may be seeing more first-time buyers needing their services, as property prices in Northern Ireland are no longer in ascension, giving younger buyers a chance to step onto the... Read more

NI property prices drop

Solicitors may be seeing more first-time buyers needing their services, as property prices in Northern Ireland are no longer in ascension, giving younger buyers a chance to step onto the... Read more

NI property prices drop

Solicitors may be seeing more first-time buyers needing their services, as property prices in Northern Ireland are no longer in ascension, giving younger buyers a chance to step onto the... Read more

Sisters 'treated worse than lesbians'

Two sisters are taking an inheritance tax claim to the European court of human rights, claiming that the law in Britain and Northern Ireland offers them worse protection than if... Read more

Land law could cripple countryside

Following a consultation, a review into the rural planning law PPS 14 concerning building limits in Northern Ireland's countryside will be published shortly. The findings of the review could be... Read more

Land law could cripple countryside

Following a consultation, a review into the rural planning law PPS 14 concerning building limits in Northern Ireland's countryside will be published shortly. The findings of the review could be... 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

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

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

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

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

Belfast rents on the rise

While new buyers in Northern Ireland are being squeezed out of the housing market due to overinflated house prices, commercial landlords have been able to push up rents as youngsters... Read more

Belfast rents on the rise

While new buyers in Northern Ireland are being squeezed out of the housing market due to overinflated house prices, commercial landlords have been able to push up rents as youngsters... 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

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

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

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

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 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 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

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

NI grads can't buy homes

Solicitors in Britain and Northern Ireland are unlikely to see graduates for conveyancing services, as research has revealed that more than half of university leavers can not afford to buy... Read more

NI grads can't buy homes

Solicitors in Britain and Northern Ireland are unlikely to see graduates for conveyancing services, as research has revealed that more than half of university leavers can not afford to buy... Read more

NI grads can't buy homes

Solicitors in Britain and Northern Ireland are unlikely to see graduates for conveyancing services, as research has revealed that more than half of university leavers can not afford to buy... Read more

Property 'still ripe for investment'

Solicitors in Northern Ireland are still likely to see plenty of budding property investors coming to them over the coming months, it has been claimed.New research has suggested that the... Read more

Northern Ireland sees house prices slow

House prices are finally beginning to slow down in Northern Ireland, meaning solicitors may begin to see more first time buyers able to afford properties in the near future.While the... Read more

Mortgage fees soar as property prices rocket

Solicitors in Northern Ireland are likely to have seen their customers suffer massive increases in mortgage fees over the past two years, as property prices have grown considerably.Northern Ireland has... Read more

Love not legally binding

With the trend for people in love to live together and even have children without being married increasing, it is vital that people get their financial arrangements sorted out through... Read more

NI hotter property than London

The price of an average property in Belfast has now grown to £300,229, even above the price of an average house in London, which would only set buyers back £292,409,... Read more

NI hotter property than London

The price of an average property in Belfast has now grown to £300,229, even above the price of an average house in London, which would only set buyers back £292,409,... 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

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

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

NI waiting longer for social housing

Solicitors in Northern Ireland are unlikely to see many new buyers as clients for conveyancing work, as soaring house prices in the province have led to fewer first-time buyers and... Read more

Offset mortgages see growth

The Council of Mortgage Lenders (CML) has announced that there has been a substantial growth in offset mortgages in the past year.According to new figures, offset mortgages accounted for seven... Read more

Northern Ireland continues to see rapid house price increases

House price inflation in Northern Ireland has continued to grow at breakneck speed, according to new research.A study from the Department of Communities and Local Government has found that house... Read more

Bank warning on further rate rises

There is every likelihood that interest rates will rise again in the near future, householders across Britain and Northern Ireland have been warned.Mervyn King, governor of the Bank of England,... 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

Dissolution to solve selling distress

Proposals to change the law could result in easier transactions for people who want to sell their apartment in a development where the facilities management has a poor track record.Until... Read more

Dissolution to solve selling distress

Proposals to change the law could result in easier transactions for people who want to sell their apartment in a development where the facilities management has a poor track record.Until... Read more

First-time buyers forced out of NI market

Solicitors in Northern Ireland are far more likely to see people for remortgaging than they are to have new clients, as the number of first-time buyers in the province is... Read more

First-time buyers forced out of NI market

Solicitors in Northern Ireland are far more likely to see people for remortgaging than they are to have new clients, as the number of first-time buyers in the province is... Read more

More laws than ever during Blair years

Solicitors in Britain and Northern Ireland will have had their work cut out for them over the past decade as statistics show that Tony Blair has passed a record number... 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

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

Northern Ireland mortgage-happy

Homebuyers in Northern Ireland are among the most likely to take out a larger mortgage on their property, according to research by credit reference agency checkmyfile.The province also reports one... Read more

Northern Ireland mortgage-happy

Homebuyers in Northern Ireland are among the most likely to take out a larger mortgage on their property, according to research by credit reference agency checkmyfile.The province also reports one... Read more

House prices continue to rise

New figures have shown that house prices continued to grow last month despite an increase in the number of homes on the market.Research carried out by the Royal Institution of... Read more

House prices continue to rise

New figures have shown that house prices continued to grow last month despite an increase in the number of homes on the market.Research carried out by the Royal Institution of... Read more

Solicitors seeing more unusual cases

Around two million people seek legal advice a year and although some cases will always be in a solicitor's daily remit, people are increasingly seeking advice for more unusual matters.According... Read more

Northern Ireland sees continued property price rises

Properties in Northern Ireland continued to grow in value between February and March, a new report has found.Despite the Bank of England raising interest rates four times since last August,... 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

Solicitors seeing more unusual cases

Around two million people seek legal advice a year and although some cases will always be in a solicitor's daily remit, people are increasingly seeking advice for more unusual matters.According... 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

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

Interest rates rise again

The Bank of England has raised interest rates by a quarter percentage point.Solicitors in Northern Ireland can expect a rise in the number of people coming to see them regarding... Read more

Mortgage approvals fall as rate rises kick in

The amount of mortgage approvals for new house purchases has decreased by 12 per cent in March compared to this time last year. The Bank of England's rise in interest... Read more

Buyers risking 'timebomb' homes

According to new research, homebuyers in Britain and Northern Ireland could be sitting on a timebomb, as they rarely invest in thorough checks when it comes to purchasing a new... Read more

NI property crowds top ten for inflation

Property in Northern Ireland has broken records again, with all of the top ten towns showing the biggest house price inflation annually being located in the province.Halifax's House Price Index... Read more

NI property crowds top ten for inflation

Property in Northern Ireland has broken records again, with all of the top ten towns showing the biggest house price inflation annually being located in the province.Halifax's House Price Index... Read more

NI property crowds top ten for inflation

Property in Northern Ireland has broken records again, with all of the top ten towns showing the biggest house price inflation annually being located in the province.Halifax's House Price Index... Read more

Buyers warned of subsidence risk

A warning has been sent out to homebuyers this week to check potential homes stringently for subsidence, after the number of claims has reached a new high.Halifax has provided some... Read more

Buyers warned of subsidence risk

A warning has been sent out to homebuyers this week to check potential homes stringently for subsidence, after the number of claims has reached a new high.Halifax has provided some... Read more

Noisy neighbours on the increase

Homebuyers in Northern Ireland should check who their new neighbours are before heading to the solicitors to seal the deal on a property purchase, according to a new study.The Office... Read more

NI property inflation still leading the field

Further confirmation of Northern Ireland's booming property market arrived in the form of the Nationwide Building Society's latest study, which reported another 14.6 per cent price rise in the first... Read more

NI property inflation still leading the field

Further confirmation of Northern Ireland's booming property market arrived in the form of the Nationwide Building Society's latest study, which reported another 14.6 per cent price rise in the first... Read more

Splits cause pressure on housing market

High divorce statistics and reduced marriage rates mean that an increasing number of people are living alone, adding pressure to prices in the housing market, according to the latest reports.Mortgage... Read more

Splits cause pressure on housing market

High divorce statistics and reduced marriage rates mean that an increasing number of people are living alone, adding pressure to prices in the housing market, according to the latest reports.Mortgage... Read more

Bank says UK demographics ensure boom will not lead to bust

Bank of England governor Mervyn King has said the current boom in property prices will not result in a market crash, despite another looming interest rate rise.Property prices in Britain,... Read more

Stamp duty makes its mark on moving costs

The cost of moving house has tripled over the past decade, according to Propertyfinder.com, bringing the average cost of relocation to £9,486, up from £2,925 in 1996.The rocketing cost of... Read more

Bank says UK demographics ensure boom will not lead to bust

Bank of England governor Mervyn King has said the current boom in property prices will not result in a market crash, despite another looming interest rate rise.Property prices in Britain,... 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

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

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

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

CML sees lending jump

The Council of Mortgage Lenders (CML) has reported that borrowing rates in the UK have reached a new high in February.According to the CML's latest figures for February, mortgage lending... 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

Belfast property market 'on the up'

Solicitors in Northern Ireland can expect to see continued increases in the work from property transactions, it has been suggested.One estate agent believes that the property market inn Northern Ireland... Read more

Belfast property market 'on the up'

Solicitors in Northern Ireland can expect to see continued increases in the work from property transactions, it has been suggested.One estate agent believes that the property market inn Northern Ireland... Read more

NI students benefit from property boom

Solicitors in Northern Ireland are seeing a major increase in demand for property and enterprising students are turning the region's property boom to their advantage.It has been reported that an... Read more

Empty housing rules needed

It has been claimed that new powers should be provided to the Northern Ireland Housing Executive to tackle the problem of empty properties.According to a report by University of Ulster,... 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

FSA investigates banks' retaliation against complaining customers

The Financial Services Authority (FSA) has been forced to step in after two financial service providers shut down accounts of customers who complained about potentially illicit lending fees.Involving two of... Read more

Homebuyers warned to check foundations

Most homebuyers would get checks done on the main structure of their potential property, but few would think to dig a little deeper, where there may be latent, dangerous and... Read more

Homebuyers warned to check foundations

Most homebuyers would get checks done on the main structure of their potential property, but few would think to dig a little deeper, where there may be latent, dangerous and... Read more

Conflicting opinion over stamp duty rises

Almost a quarter of postcode districts in Great Britain and Northern Ireland now qualify to pay the higher three per cent stamp duty rate, which applies to properties valued above... Read more