Homeowner confidence high
According to the latest Housing Market Sentiment Survey from Zoopla homeowners are more confident in the market than they were this time last year. 65% of home owners think house prices will rise over the next six months compared to 55% this time last year. Only 19% expected prices to fall during the same period […]
Stable December for market
The RICS December 2012 Housing Market Survey shows prices held broadly stable throughout December. In positive signs for the market, buyer interest has been on the increase translating to a small increase in transaction levels. RICS point to the gradual drift downwards of key fixed-term mortgage rates in helping buyer interest pick up. The BoE’s […]
SRA lays out Compensation Arrangements Review
The Solicitors Regulation Authority (SRA) has detailed a two-year review of the SRA Compensation Fund. The Compensation Fund is in place to replace money that a client has entrusted to a solicitor in his or her professional capacity, where the solicitor has either misappropriated or has otherwise failed to account for such money. All firms […]
First-time buyer lending up 11%
According to detailed analysis of the mortgage market, 2012 was the best year for high loan-to value lending since 2007, with an increase in lending to first-time buyers of 11%. The Mortgage Monitor from e.surv chartered surveyors showed that 63,896 house purchase loans were granted to buyers with small deposits last year, up from 57,691 […]