Property News from Gateway Homes
Brits to spend £3.9bn on gardens this year
16/05/2012Property buyers don’t just spend time improving the interiors of their new purchases – a recent survey from HSBC has predicted that Brits will pay £3.9 billion this year to spruce up their gardens, or an average of £185 per … Read more →
Green Construction Board receives extra funding
15/05/2012The Green Construction Board (GCB) has secured £1 million to finance its operations, which aim to provide support for a more sustainable construction sector and housing market for property buyers in the UK. Established in November last year, the GCB … Read more →
Buy-to-let lending falls slightly in 2012
14/05/2012Property buyers seeking a buy-to-let investment were less active in the first quarter of 2011 compared with the previous three months, latest research from the Council of Mortgage Lenders (CML) has revealed. New lending totalled £3.7 billion between January and … Read more →
Repossessions kept in check since 2011, says govt
11/05/2012Repossessions are being kept down due to the government’s efforts to tackle the national deficit and keep interest rates low, housing minister Grant Shapps has said. The latest figures from the Council of Mortgage Lenders showed that there were 9,600 … Read more →
Commercial property lease lengths fall
10/05/2012The average lengths of commercial property leases have fallen to a record low of 4.8 years, an annual study by the British Property Federation (BPF) and the Investment Property Databank has revealed. Some 76 per cent of the new leases … Read more →
Halifax launches house hunting app
09/05/2012People looking to sell a house quickly and move to pastures new have been given a helping hand from the Halifax building society, which has launched a Home Finder app for house hunters. The free iPhone app enables buyers to … Read more →
Long-term care costs set to rise
08/05/2012The annual cost of long-term care in the UK is expected to rise from the current £26,000 to £33,000 per person by 2025, according to a new report from retirement specialist LV=. As the country’s life expectancy rises, the number … Read more →
Four in ten to pay for care with property
04/05/2012Annuity care provider Partnership has revealed the results of its first Partnership Care Index, which found that more than four in ten people aged 45-85 expect that they will need to fund their long-term care in later life by renting … Read more →
Co-op withdraws interest-only mortgages
03/05/2012The Co-operative Bank has withdrawn its interest-only mortgage range, meaning from May 8th property buyers will not be able to arrange a home loan on a capital and repayment basis only. While interest-only mortgages have been popular for several years, … Read more →
Take steps to protect your home from flooding
02/05/2012Insurer Hiscox has recommended that homeowners take practical steps to guard against water damage, after the wettest April on record caused flood warnings around the country. Although flood defences are in place and the Environment Agency has said it has … Read more →
